TITLE LOANS IN SANTA FE
WITH FAST APPROVAL!

How Car Title Loans Work In Santa Fe & What’s Required

A title loan allows anyone with a paid off vehicle to borrow equity from their car or truck, and you don’t need a good credit score to qualify. Here in Santa Fe, you can borrow up to $20,000, and most loans between $2,500 and $10,000 have an interest rate that’s capped at 36%.

All types of cars, SUVs, and trucks can qualify, and we can also connect you with a lender in Santa Fe that offers collateral loans on boats, RVs, and motorcycles!

With a title loan, you’ll keep driving the vehicle while making the set monthly payments. This is not a title pawn; there’s no need to give up the keys and hand the car over to the lender. Instead, they hold the pink slip as collateral until the loan amount is paid off. Your lender is shown on the car’s title as the primary lienholder and they have the first rights to your vehicle if you miss any payments.

Your car should qualify if it has low mileage and has been manufactured since 2008. Other requirements may include providing a driver’s license, proof of residency, showing vehicle insurance, and active registration in New Mexico. In addition, expect to show proof of employment through bank statements or a letter from your employer. Other than that, there’s much you need to qualify!

Title Loans With Bad Credit In Santa Fe

One of the most stressful parts of applying for any loan is the credit check, and we know how worried people are about what their credit score will reveal. Unlike when you apply for a personal loan, your FICO won’t be the main focus when you apply for a car title loan. Instead, we need to see equity in the vehicle, as the collateral is far more critical than any minor credit issues. Lenders understand that people applying for title loans in Santa Fe will likely have poor credit, and they’ll look past that and instead focus on the collateral in your vehicle. You can even be approved with a recent bankruptcy or repossession in your past!

The bottom line is that anyone with a vehicle valued at $5,000 or more will have no trouble qualifying for a bad credit title loan. Those with cars worth over $20,000 can qualify for a bad credit title loan in Santa Fe of $10,000 or more, but the interest rate will likely be higher than 40%. Even with bad credit, you can borrow up to 65% of your vehicle’s value, and some lenders in New Mexico offer higher percentages for cars with less than 100,000 miles. Call Premier Title Loans at 800-250-6279 to start your application today!

One last unsung aspect of car title loans is that you can rebuild your credit score while making payments on your title loan. You may ask yourself, “How is that possible if I get a bad credit title loan”? The answer is simple. With every monthly payment you make to a lender in Santa Fe, they report those payments to the credit bureaus, and your FICO score will gradually improve. For example, if you took out a car loan, paying off your loan on time can increase your credit score and prevent you from having to use a vehicle as collateral for a loan in the future!

Fast Funding Auto Title Loans In Santa Fe, NM

You can get approved and sign over the car’s title just hours after bringing in your vehicle for a brief inspection. That means anyone in New Mexico can have their cash sent by direct deposit to a bank account within one business day!

Are you looking to get the money that same day? There are options to get cash within just a few hours of submitting an online application. Apply with a local direct lender in Santa Fe that offers auto title loans in New Mexico. These lenders can do everything in one day; you can complete the paperwork, get your vehicle inspected, and pick up your cash during that visit!

What if you apply online or over the phone but request same day funding? Some local lenders will allow you to do everything online, and then you can request the funds be sent to any money order location within the city. For example, locations on Cerillos Road and Herrera Drive in Santa Fe provide instant funding, so there’s no reason why you can’t get an online title loan if you have all the documents ready to go!

Apply Today With Premier Title Loans

Are you looking to get instant cash for your paid off vehicle? Here at Premier Title Loans, we can take your application online, or you can call us anytime to get started. Unlike traditional banks and payday loan companies, we only specialize in title loans, and we’ll work to get you matched with any handful of the title loan companies we work with in Santa Fe. The best part about cashing out equity from your vehicle is that you can use the funds as you please! This is not a credit card secured by your vehicle’s value. Instead, a title loan offers cold hard cash that you can use to pay for emergency expenses or pay down other high-interest debts. It’s entirely up to you!

Completing our online application takes less than 5 minutes. We only need your vehicle information, desired loan amount, and primary contact details to get you a quote detailing your lending options.

Apply online with Premier Title Loans or call us at 800-250-6279 to find out how much you can borrow with a car title loan in Santa Fe!

Other Cities In New Mexico:

• Albuquerque
• Clovis
• Farmington
• Gallup
• Las Cruces
• Rio Rancho
• Roswell