Important notice:
We are currently not providing car title loan services in this state. The information brought here is meant to explain in general terms what auto title loans are. You can still submit a loan request for installment loans with us.
Title Loans in New Hampshire
In life, every now and then all of us face financially tough situations, and many times managing the situation and our bills by ourselves can be really tedious. And in such instances, we are left with no other choice other than to try for a traditional bank loan.
While applying for a bank loan is a rational decision, the paperwork of these big financial organizations can take a lot of effort and time to get completed. Hence, when you are in a drowning cash crunch, you need better options with a fast application process that can give you emergency cash at a short notice.
And for the people of New Hampshire, a title loan can help them at multiple levels.
Car title loans from 5 Star Car Title Loans are made to help people with bad financials get extra money to deal with their bills and other expenses by using their car title.
How Do Title Loans in New Hampshire Work?
Online car title loans are short-term cash loans that allow people to use their car’s title as collateral and apply for a personal loan despite having bad credit.
To provide the title loan services, the lenders place a lien on the customer’s vehicle title and get a temporary claim to provide you with the requested funds.
The applicant gets the money for his car title and has to pay it back in monthly installments as per the selected repayment plan.
Once the entire loan amount plus the interest is repaid, the lender removes the lien from the vehicle title and the borrower gets a clean title and ownership back.
Basic Requirements For Getting Hampshire Car Title Loans
To qualify for a title loan, applicants need to make sure that they satisfy some basic requirements. Here are major conditions that most lenders require to process your loan application.1
- Applicants need to show a clear car title in your name
- Applicants need to provide proof of income as the ability to afford the loan
- Applicants need to have a qualifying vehicle
What Basic Loan Documents are Required To Get Auto Title Loans in New Hampshire?
The process of getting an auto title loan can not be completed without you turning in some necessary documents. Since the process of getting a car title loan online is quite easy, it does not demand piles of documents from you.
The list of mandated documents includes:1
Car Title- To be eligible for Hampshire title loans, applicants need to submit a clean and clear car title stating that they are the sole owner of the vehicle.
Photos of the car- With online title loan services, customers can skip the in-person inspection and directly send in the photos of their car and know the market value of their car.
Proof of Identity- Auto title loan lenders also ask for a government-issued ID card to confirm a person’s identity. For which people can use documents like their passport or a driver’s license.
Proof of Residence- Proof of your residence can be established by presenting utility bills, credit card documents, or mortgage statements.
Proof of Income- Applicants also needs to show that they can afford the loan they are applying for. This can be done by presenting proof of income through bank statements, tax returns, or pay stubs.
How Much Cash Can I Get With A Car Title Loan?
Typically, the title loan interest rates and final loan amount varies on the basis of different factors. However, the three most important components that can have a great impact on the title loan money you get are:1
Your Income
Your ability to repay will be illustrated by your earnings and expenses. The lending agents will analyze your monthly expenses, debts, and income source to see if you will be able to repay the car title loan on time or not.1
The Equity Value of Your Car
Normally, the available loan funds depend on the equity you own in your vehicle.1And as the title loan lender secures the loan against car equity, you will need to have an adequate amount of it to be qualified for the car title loan.
Car’s Market Value
Especially in auto title loans, the condition of the car determines whether the car is eligible for the title loan, and its market value determines the cash and interest you have to pay for the loan amount.1
With 5 Star Car Title Loans, customers may get access to around 75% of their car’s market value.
I Have Bad Credit, Can I Qualify For Car Title Loans in New Hampshire?
With 5 Star Car Title Loans, you don’t have to worry about your financial credit! While some lenders can perform a regular credit check, credit scores are not everything in title loans.1
To take benefit of various title loan services, customers need to take care of their income, car condition, and car equity value. As long as these 3 are in order anyone can easily be qualified for a title loan even with bad credit.
Are There Any Prepayment Penalties?
Online title loans are short-term personal loans that can be paid earlier than the decided time period too! With 5 Star Car Title Loans, customers are free to pay back their loan installments early without worrying about any kind of fees or penalties.
Our team will assist them throughout the repayment process and there will be no sort of hidden fees or prepayment penalties for them.4
How Fast Can I Get My Title Loan Money?
The application process for a title loan is quite effortless and pain-free that does not consume a lot of time of any customer.2
If you own a vehicle with a lien-free, clear vehicle title in your name and possess all the required documents. You can go online to apply for a personal loan and once the request is processed can expect to get the loan funds in your bank account within 24 hours.2
Can I Apply For a Title Loan Even If The Title Is Not In My Name?
For any loanee, presenting a car title registered in their name is one of the primary requirements for getting title loans in New Hampshire. If the title is not in their name, qualifying and getting a title loan is a big no.1
However, this problem can be easily rectified by visiting their nearest DMV and request for a title transfer. Make sure to carry the following documents:
- Your Vehicle’s Title
- Your Vehicle Registration
- Payment for the Transfer fee
Reach out to the nearby DMV and fill out a title transfer application. Submit the application along with the required documents and deposit the fees to complete the title transfer process.
Once the car title is transferred to your name, you can call the title loan companies and apply for pink slip loans.
Is My Personal Information Safe With 5 Star Car Title Loans?
Our duty is to maintain trust and transparency with all our customers. That’s why we do not share any kind of personal information with any other agency or third party. Your personal details are only used to help you get title loans.
So, don’t worry. our team will treat your information with utmost care.
Are You Struggling With Your Monthly Bills?
People who are facing a challenging situation and wish to get some extra cash can apply for these easy and fast bad credit loans and settle their immediate cash needs.
Contact the 5-Star Car Title Loans team and we will help you to get instant cash in tough times without dragging you through hard credit checks and lengthy application forms.
