(800) 250-6279GET YOUR CASH NOW WITH A TITLE LOAN IN MINNESOTA
We offer online title loans, and in some cases, there’s no inspection required!
GET A SAME DAY TITLE LOAN IN MINNESOTA
Qualified borrowers in Minnesota can qualify for a same day car title loan if they own a lien free vehicle. You don't need a good credit score and loan amounts start at $1,000. Pick your payoff terms and there's no prepayment penalty with a title loan!
Qualify For A Minnesota Title Loan – How They Work
Did you know that all it takes to get instant cash title loans in Minnesota is a lien free vehicle title? Stop wasting time dealing with payday lenders offering only a few hundred dollars. Or personal loan companies that require a credit score of nearly 750! With a car title loan in Minnesota, you can borrow up to $15,000 and keep driving your vehicle, and there’s no need for a decent credit score! Your car title opens the door to instant online approval and same day financing!
There are multiple ways to apply and ultimately get approved for Premier Title Loans near me. The most popular method is to apply online. When someone applies directly using the Premier Title Loans online form, they can get an answer in less than 30 minutes showing an estimated loan amount and interest rate! Another way to apply is to call us at 800-250-6279 and speak with one of our title loan experts. It only takes a few minutes to get a quote over the phone, and all we need is basic info about your car’s make and model and some contact details.
You can also walk into a lending office anywhere in Minnesota to apply for a title loan with a local lender. Many companies in Minneapolis and Rochester will allow you to get started in person. Some people prefer this as they know who they’re working with, and you may even be able to get cash quickly without the hassle of waiting for an ACH or bank payment to hit your checking account!
Auto Title Loan Requirements In MN
– Your vehicle’s title (must be issued in Minnesota) – You must physically possess the car’s title as it will eventually be signed over to your lender. It must be free of cosigners or other lienholders.
– State ID or passport – We must verify you’re a resident of Minnesota and confirm your identity. You must be 18 years or older to get a title loan.
– Proof of income – The more money you borrow, the more income you must show each month. While these loans are based on the equity in your vehicle, we still need to confirm you can afford the monthly payments.
– Proof of insurance – Your car or truck needs comprehensive insurance coverage with liability insurance of at least $20,000.
Loan Amounts In Minnesota
The amount you can borrow depends on the equity in your vehicle and your ability to make timely payments. Loan amounts start at $500 and go to $15,000 for well-qualified vehicles. As of 2024, the average funding amount for title loans in Minnesota is $3,000, and these amounts can be higher in larger cities such as Minneapolis and St Paul, where more lenders are competing for your business.
Any online valuation service can tell you the recent comps and values for similar cars in Minnesota and your vehicle’s make and model. Once you have that information, complete the Premier Title Loans Online application or call us at 800-250-6279 for an estimate within minutes!
Benefits Of Getting An Instant Title Loan Online
Many benefits come along with getting title loans online in Minnesota:
– Fast processing based on your vehicle’s equity value, not your credit history! Can you get approved for a personal loan with a credit score of under 650? Of course not! Banks only look at your credit history when underwriting an unsecured loan. At Premier Title Loans, your credit is much less of a factor, and instead, you can get pre-qualified in minutes, primarily based on how much your vehicle is worth. If you have a car, SUV, or truck worth at least $4,000, you’ve already checked most of the boxes, and there’s a good chance you’ll get approved for a title loan in Minnesota!
– Receive your loan proceeds in less than 24 hours after being approved. Most companies will deposit your funds through ACH or direct deposit into a checking or savings account. You also have the option to request a money order or pick up the money in person.
– You can keep your car. Another great thing about title loans is that you don’t have to give up your car keys. This means you can keep going to work without worrying about your vehicle! There’s no need to hand over the keys to your car as collateral, as a title loan lender in Minnesota will happily use your pink slip as collateral for any amount you borrow.
– Improve your credit: Paying your title loan can improve your credit score. This is because title loan companies report on time payments to the credit bureaus and that shows you’re a responsible borrower. Many applicants use secured loans as a last resort because they can’t qualify for unsecured funding. The interest rates are high with auto title loans, so it’s essential to get your credit rating up so you can be authorized for unsecured personal loans in the future!
I’m Ready To Apply For A Title Loan In Minnesota – What Happens Now
If you’re ready to get started, the team at Premier Title Loans is here to help you! We can simplify things and underwrite your loan application quickly here in Minnesota, but ensure you have a few documents set aside. Grab your vehicle title, ID, and proof of income.
Please take a minute to apply online or contact us at 800-250-6279 to see how much cash you can get with a vehicle title loan. For those seeking more information in person, you can always work with a local finance company anywhere in the Twin Cities. There should be no problem finding a lender during regular business hours!