How Much Can You Get For A Texas Title Loan?

We here at Texas Car Title and Payday Loan Services, Inc. can help you get a short-term loan using the title to your vehicle as collateral. It's a great option when you need fast cash to cover unexpected expenses that arise. And when it comes to the loan amount we can lend, you can borrow anything up to $15,000 when you get a Texas title loan here. But how do we determine the amount you can get? And what requirements are there? Well, keep reading to find the answers to these questions!

Get Up To $15,000 With Our Texas Title Loan Right Now

While we use your vehicle’s title as collateral – which means we do not have to keep your vehicle – that doesn’t mean we don’t have to see your vehicle at all. In fact, the value of your vehicle is what we will use to determine your loan amount.

How Does Your Vehicle Determine The Loan Amount?

We are looking at your vehicle’s condition and value, so we have to do an inspection and look at a nationally recognized pricing guide. Once we know what the car is worth, we will tell you how much we can lend to you.

This means you need to make sure your vehicle is in good condition so that you can have a chance of getting a high loan amount. We are looking at things that can hinder your vehicle’s condition. This will include things like its age, make, model, and the mileage. And while we understand that you cannot control these things, there are things you can control. We are also looking at any major damage your vehicle has, so make sure to get your car maintained before you come see us.

How Should I Use The Title Loan Money?

While the loan amount for a Texas title loan sounds enticing, that doesn’t mean you should take it out for just any reason. While we won’t ask you how you plan on using the loan, you should know that this loan is designed just to help you with emergency expenses. This means you should use the Texas title loan for things like medical bills, late utility bills, late rent or mortgage payments, and emergency travel. Using this loan for these urgent expenses is how you practice responsible borrowing.

The Requirements Are Simple And Short

Now that you know how much money you could get and what we use to determine the amount, you should know about the other Texas title loan requirements. The most important requirement is you have a clear title to a vehicle in your name. A clear – or lien-free – title is one that has no outstanding liens against it – which means you own your vehicle outright. If you are still making payments on your vehicle, you can’t get this loan. And if there is a lien on your title, have the DMV remove it.

You'll also need to show proof of your identity and your age because you cannot be a minor to get this loan in Texas. To do this, you will use either your driver’s license or state-issued photo ID. Finally, you must be able to provide access to your vehicle to allow one of our loan representatives to assess the condition of the car. Your title loan representative will help you schedule an in-person meeting either at the nearest store location or at another location of your choosing at your earliest convenience.

Our Texas Title Loan Process Is Quick To Complete

Since you might be about ready to apply for your Texas title loan, you should know that the entire process is quick and simple to complete. First, fill out the online application on our website so your information can go to the nearest store location. Once we receive your application, we will give you a call to answer any questions you have, go over the required items list, and set up an appointment with you at a location of your choosing to do the vehicle inspection.

Whether you come to us or we go to your location, you'll present your required items and the vehicle for inspection. Before the meeting is over, you'll know if you're approved and how much we can lend to you. Your loan representative will then go over the loan terms with you and help you finish signing the last of the paperwork. Once you are done with that, the process is complete! All you have to do is drive off and just wait for your loan money to arrive – which, again, could be the same or next day.

Find Out What Your Loan Amount Is Right Now

If you need extra cash and you have your car's title, you can easily find out the loan amount you could get right now. As we’ve said, you can get up to $15,000 by using your vehicle’s lien-free title and the condition of your vehicle. Plus, the inspection is free, so you can easily find out how much you could get and if you stand a chance of getting approved. Just go to our Texas Car Title and Payday Loan Services, Inc. website to fill out the online application now to begin the process as soon as possible.

 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.