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What You Need to Submit a Title Loan Application

Title Loan Application

Life is unpredictable. If you are struggling to make ends meet as a result of unexpected expenses, it’s important to know what your options are when it comes to getting the cash you need. You may consider picking up an extra shift or cutting back on expenses, but in some cases, this isn’t enough to generate the cash you need. Fortunately, there are other options available for people who need fast cash.

A title loan is a secured loan that allows you to borrow money by using the title to your vehicle as collateral. You don’t have to choose between keeping your car and getting the money you need, though. You can continue to use your car while you make payments, so taking out a title loan won’t affect your day-to-day life.

If you’ve never taken out this type of loan before, you may be wondering what you will need to submit a title loan application. What will you need to provide to the title loan company? How can you submit an application? Here’s what you should know:

The Title to Your Vehicle

The title to your vehicle is the most important document you will need to submit during the application process. Your title must have your name on it, which indicates that you are the legal owner of the vehicle. Your name does not need to be the only name on the title, though. If you share ownership with someone else, you can still use the title even though their name is on it along with yours.

If you can’t find your title, don’t give up on the idea of applying for a title loan. Just let your lender know that you’re having trouble locating your title. Your lender will walk you through the steps of obtaining another copy from your state’s Department of Motor Vehicles (DMV).

Proof of Income

To qualify for a title loan, you must have a reliable source of income that you can use to repay your loan. During the application process, the title loan company will ask you to submit proof of your income so they can confirm that you meet this eligibility requirement.

Proof of income can come in a number of different forms, including recent pay stubs, tax returns, and bank statements. Talk to your lender to ensure you know what documents they will accept as proof of income.

Title Loan Application

Proof of Residence

You will also need to submit proof of residence when you apply for a title loan. Title loan companies will typically accept your driver’s license as proof of residence. However, there are other documents that can serve as proof of residence too. Some examples may include recent utility bills, mortgage statements, and lease agreements.

The documents you submit as proof of residence must show both your name and your current address. For example, you cannot submit a utility bill with your roommate’s name on it unless your name is listed as well.

Proof of Auto Insurance

Because your vehicle is used as collateral, the title loan company will want to know that it is insured. For this reason, the title loan company will ask you to submit proof of auto insurance during the application process. Talk to your lender to find out what documents they will accept as proof of auto insurance.

Vehicle Inspection

The title loan company will need to know how much your car is worth before determining your eligibility for a title loan. Because of this, the title loan company will need to inspect your vehicle during the application process.

The inspection process varies from lender-to-lender. Some lenders ask applicants to bring their vehicle in for an inspection, whereas others travel to each applicant’s home or workplace to perform the inspection. There are also title loan companies that allow applicants to submit photos of their vehicle instead of getting it inspected. Talk to your lender to find out how their inspection process works.

Title Loan Application


Title loans are easier to qualify for than traditional personal loans. However, if you don’t qualify for a title loan by yourself, you can always add a co-signer to your title loan application. If your co-signer has good credit, this can improve your chances of getting approved for a title loan. It can also help you save money since you may qualify for a lower interest rate with a co-signer on your application.

Now you should have a better idea of what you will need to submit to your lender when applying for a title loan. If you’re ready to get fast cash, contact I Need Cash Now to start the process of submitting a title loan application.