Title Loans in Kettering, Ohio
Customer Centered ServiceProviding excellent customer service and a positive loan experience is 5 Star Title Loans top goal and we work tirelessly to make this happen for each and every customer.
Loans for Low Credit ScoreWe don’t like turning away customers simply for having a bad credit score. We will work hard to get you a loan regardless of your bad credit.
Easy Application ProcessWe understand the urgency when getting a loan, so we offer simple options for applying. You can choose to apply either by phone or online.
5 Star Car Title Loans in Kettering, OH
When times get tough, one thing that usually gets the most affected is our budget. And most of the residents in Kettering, Ohio have a deficit of finances to make up for the affected budget.
In such tough times, there seems only one viable option—borrow money! Luckily, there are different loan options (including short-term and long-term solutions) from which an applicant can choose the befitting alternative.
Although most people turn to traditional loan lenders, only a few who have perfect credit history get those loans! Others opt for payday loans and car title loans.
These are two short-term loans that can help you in getting quick cash. However, a payday loan is a high-interest credit that has to be paid within a month or so.
Therefore, title loans become a better option. So, for people with immediate cash needs, 5 Star Car Title Loans presents affordable auto title loans.1
Auto title loans: What Are They?
Auto title loans are short-term secured loans, which are given against collateral. Here, the vehicle owners use their car titles as collateral and get money in exchange.1
Other Names For Title Loans
There are other terms that can be used interchangeably for a title loan such as
- Vehicle Equity Loans
- Auto Title Loans
- Pink Slip Loans
- Car Title Loans
- Auto Equity Loans
How Do Title Loans In Kettering Ohio Work?
As the name suggests, car title loans are secured loans that use a car title as collateral.1
The borrower places his car title as collateral and title loan lenders give them extra money in return. Here, the lender puts a lien (which gives him legal right over the vehicle) on the title and secures the loan.1
One of the great benefits of this loan is that the borrower can keep his vehicle while paying back his loan in small installments. And once the complete loan amount has been paid, the lien is removed and the borrower gets a clean title back.1
What Are The Requirements For Auto Title Loans In Kettering, Ohio?
5 Star Car Title Loans do not propose tons of conditions over their title pawns. There are only a few basic requirements that need to be met to apply for title loans in Kettering. Ensure that you tick all the below mentioned before applying for a title loan:1
- Applicants must present a clean and lien-free title of the vehicle they are using.
- Applicants must have an Ohio or government-issued ID with them.
- They should have a steady and reliable source of income.
- Applicants must be 18 years old or above.
Basic Documents Required To Get A Car Title Loan In Kettering Ohio
Those who apply for a car title loan, have to follow certain rules and make sure that they have all the documents which are required for Kettering title loans.1
Complete List Of Required Documents:1
- Government or State-issued ID: Submit an ID with your photograph issued by the government. It can include your driver’s license or your passport.
- Recent Photos of Car: With online title loans you can bypass in-person inspection by submitting clear and recent photos of your vehicle from different angles. The photos should include the front, back, and VIN of the vehicle.
- Income Proof: Bank statements, pay stubs, tax returns, or other documents showing a steady flow of earnings can be used as proof of income.
- Proof of Residence: Submit your utility bills, mortgage, or rental agreements to show your proof of residence.
- Qualifying Vehicle Title: A vehicle title stating that you are the sole vehicle owner. There should not be any liens on the title.
Get Online Auto Title Loans In Just Three Easy Steps
Getting online title loans with 5 Star Car Title Loans is quite easy and simple. There are no additional formalities or extra paperwork. In fact, the complete loan process is straightforward and won’t consume much of your time.1
Visit the website of 5 Star Car Title Loans, apply online, and initiate the application process for getting an online title loan. Fill out your personal details (your name, income, address, phone number) and car details in the application form.1
The loan application will hardly take 5 to 10 minutes2
but as another option, you can call 5 Star Car Title Loans team and a loan officer will fill out the form for you.1
Turn In Few Documents
After filling out the form, you will be given conditional approval and your loan will be pre-approved. However, for completion of the pending review, we will request you to submit some required documents which will be used for verifying your information.1
Get Final Approval & Collect Your Cash
Once the information is verified, you will get the final approval. The loan officer will provide you with an estimate of the minimum loan amount, interest rates, APR, payment terms, and other important loan terms.1
We encourage consumers to carefully read the term & conditions and ask questions wherever they feel doubtful. Confirm the information with the loan officer and then sign the contract.1
After signing the loan agreement, you may receive your funds in one business day.2
Receive Ohio Car Title Loan Money Through Different Easy Methods
You can collect your funds easily with 5 Star Car Title Loans! Since Kettering title loans are availed by people coming from different walks of life, their convenience varies. You can choose the best suitable funding option based on your ease & comfort.
The Options Include:
- Mailed Check
- Direct deposit to your bank account
- Money Transfer from MoneyGram
- Cash Collection at The Nearest Participating Store
How Much Cash Can I Get With Kettering Title Loans?
The loan amount depends on different deciding factors. The money that you can get with a title loan will be based on the following three factors:1
Ability to repay
By far, the most important factor that determines your title loan is your ability to pay. This includes showing your income which will further demonstrate your ability to pay.1
Your Car’s Equity Value
Another factor crucial to your title loan is the equity left in your vehicle. The equity of a vehicle is the difference between the value of the vehicle and the amount owed on the loan.1
Your Car’s Market Value
For Kettering title loans, the car’s market value is also calculated. The car’s market value is determined by the vehicle’s year, its model, and its current condition.1
With 5 Star Car Title Loans, you can secure loans up to 75% of the car value.1
Safe And Secure Methods To Repay Kettering Car Title Loans
Repaying a title loan is as easy as getting one. With all the different options available, you can pick the one that best suits you. As 5 Star Car Title Loans keeps the convenience of its customers on top of its priorities, it accepts different forms of payments.
All the methods to repay title loans in Kettering:
- Pay via mailed check
- Pay at the nearest MoneyGram locations
- Payday loans
- Automated bank transfers
- Online payment
- Pay via credit/debit card
Unlike payday loans, title loans are flexible loan options. The payment of payday loans falls somewhere between one to two months, the payment period of a title loan can range from a year to three years which becomes one of its advantages.
Can I Qualify For A Car Title Loan In Ohio If The Title Is Not In My Name?
As one of the primary requirements, your car title needs to be in your name. You cannot get a title loan if the title is in someone else’s name.1 But as they say, every problem has a solution, there is indeed a solution to this problem as well.
Visit the nearest Ohio BMV and follow these steps:
- Fill out the title transfer form: Visit the nearest BMV and fill out a title transfer request form. You can either fill out the form at the BMV office or you can do that in advance online.
- Submit necessary documents: When you visit the BMV, make sure you bring some required documents such as your driver’s license, vehicle registration, and vehicle title.
- Make payment: Submit the documents for verification and make payment (cash preferred) and wait for the completion of the process.
After you pay the fees, the title will be transferred to your name. Once you become the sole owner of the vehicle with the title in your name, you can apply for a title loan.1
For What Purposes Can I Get A Car Title Loan In Kettering, Ohio
Unlike other lending options such as service student loans, the loan proceeds from title loans are intended primarily to solve the sudden cash crunch of residents and to be used for personal and household purposes.1<