(800) 250-6279FAST ONLINE APPROVAL WITH PREMIER TITLE LOANS.
We offer car title loans in Akron OH with loan amounts up to 25k!
CAR TITLE LOANS WITH FAST APPROVAL IN AKRON!
Are you looking for a short term loan, but can't get approved because of bad credit? At Premier Title Loans, you can borrow up to $25,000 with a title loan in Akron, OH. Keep driving your vehicle and repay your loan over a period of months or years!
Car Title Loans In Akron OH – How The Process Works
Getting a title loan in Akron is easier than ever, and some customers can get their funds in 24 hours or less! When you use a car title as collateral for a loan, a lender agrees to hold the pink slip as collateral. Take note, you don’t need to give up your vehicle and the loan is finalized when you add the title loan company as a lienholder. Premier Title Loans has worked with customers in Ohio for nearly a decade, and we know what’s needed to get you approved and funded with a local lender.
You don’t need good credit to be approved, and applicants can complete our online form and get an initial estimate in less than 20 minutes. Read on to find out how much you can borrow, what the requirements are, and what else you need to know about Akron title loans!
Loan Amounts And Interest Rates For Car Title Loans In Akron
Loan amounts are based on the value of your vehicle and range between $2,000 and $25,000 in Akron. Of course, the more your car is worth, the higher your loan amount, and some lenders can offer more than $25,000 for high value cars and SUVs. As of 2024, the average loan amount in Ohio is $3,000, and most customers repay their loan in 12 – 36 months.
The interest rate for any short term loan that doesn’t require much of a credit check will be high, and that’s the case with a title loan. Expect an APR of 40% or more with any title pawn in Akron, and some bad credit title loans will have rates approaching 90%. Because of these high interest rates, you need to limit your loan amount to only what you need and only consider an equity loan when you can’t be approved by a traditional lender.
Some companies will offer to refinance your existing car title loan, and that’s an excellent option for anyone with an interest rate of 45% or more. Contact Premier Title Loans at 800-250-6279, and we’ll work with you to find a local lender in Akron that can reduce your APR, get you back on track with your payments, and avoid a default!
Requirements For Akron Title Loans
Because of these high loan amounts, you may think it’s difficult to qualify for a title loan, but that’s not the case. You should have no trouble getting approved if you have a vehicle titled in your name and fully paid off. These loans require equity in your car, and the main requirement for any lender in Akron is a vehicle with at least $4,000 in equity. The car’s title should be free of any other liens, and there can’t be any other owners listed on the pink slip.
You need proof of employment or other evidence that you have enough income to repay the loan. Verify your income with bank statements or employment records showing your monthly pay. You also need a driver’s license, proof of vehicle registration, and full insurance coverage on the car. Some companies want to inspect the vehicle to ensure it matches the current resale value. The inspection takes 60 minutes or less, and during this time, your lender will take pictures of the vehicle and verify the VIN and mileage before they offer you a loan.
All this may sound like a lot, but compared to what you need for an unsecured loan, the requirements for a car title loan aren’t much at all! Apply online with Premier Title Loans, and we’ll start processing your application immediately. The underwriting takes just a few hours, and most customers can be approved and funded for auto title loans in Ohio in one business day or less.
How To Apply for A Title Loan In Akron
There are many ways to get cash for your vehicle’s equity in Akron, and Premier Title Loans give you multiple options to borrow money for any urgent expense. Apply over the phone or online, and we’ll match you with several local loan providers in Summit County that offer fast approval.
For those who choose to work with a neighborhood title loan provider, that’s no problem. You can still get started with Premier Title Loans, and we’ll connect you with a neighborhood lender in Akron that accepts walk in applicants. After applying with us, your initial underwriting will be handled in minutes, and the only documents we need are proof of income and your car’s title. Bring in your vehicle for an inspection, sign off on the contract, and add your lender as a lienholder before you get your funds!
A few title loan companies are offering in person loans in Ellet and Chapel Hill, and many of these lenders can complete the entire underwriting process in one visit.
Don’t wait any longer if you need cash for an emergency but can’t get funded with an unsecured loan service. Call Premier Title Loans at 800-250-6279 or apply online to get a same day car title loan in Akron, Ohio!