ONLINE REGISTRATION LOANS
FROM PREMIER TITLE LOANS!

Registration Loans – How They Work And What To Know

You can get an auto registration loan if you need financial relief in Arizona or any state. Registration loans are a unique way to borrow money without having to deal with the hassles of a credit check or vehicle collateral requirements. With these loans, your vehicle’s registration documents are used as collateral for a small loan. That means you can’t register your vehicle until the loan is repaid. Once approved for funding, you will continue driving your car as you pay off the loan according to the agreed-upon terms. Payoff the loan in full, and you’ll be able to register the vehicle with no issues.

Premier Title Loans is ready to help with an online registration loan if you need quick and affordable financing to handle an emergency. We provide an easy and fast application process with options to apply over the phone or online.  Once you submit the required documentation, our team will work around the clock to ensure you get cash the same day.

How Registration Loans Differ From Title Loans

Both registration loans and title loans are good options to borrow money when you can’t qualify for an unsecured personal loan. However, there are differences between these types of loans.

Vehicle Ownership: You must own a paid-off vehicle to qualify for a car title loan. However, you can get approved for a registration loan even if a lienholder or a cosigner is attached to the vehicle’s pink slip.

Amount: Car title loans allow you to take out a more significant loan amount and often come with more substantial borrowing limits than registration loans.

Rates: Registration loans are riskier for lenders than a typical car title loan, as there’s no collateral backing up the loan to use your vehicle as collateral. Interest rates, in general, are higher across the board for all types of loans these days, and you can expect to see the same with a secured loan. This increased risk can translate to higher interest rates than rates charged on title loans.

What’s Required For A Registration Loan?

We need a few documents before you can get approved for a registration loan. These include:

• Proof of income such as employment disability, retirement, self-employment, or another income source
• Your vehicle registration documents from the Arizona MVD
• Proof of comprehensive insurance coverage
• Verification of the vehicle’s mileage and VIN
• Valid driver’s license (In Arizona, you often have 30+ years until the license expires!)

Some title loan lenders in Phoenix may ask for additional documentation and requirements, including proof that you have a checking or savings account. At Premier Title Loans, we understand that people can handle their finances conveniently without using a checking account. All our customers can get approved for a car title loan or auto registration loan without a checking account.

How Much Can I Get With a Registration Loan?

Registration loans are typically funded for $200-$2,500, depending on your application information and lending profile. The average registration loan in Arizona is funded for about $400-$500, with higher amounts for customers with good credit and no recent unpaid title loans. These loan amounts are less than a typical title loan, but that’s because there’s no collateral like a car or truck acting as security for your loan.

Cash with a Registration Loan. Do I Need a Vehicle Inspection?

Whether you need to bring your vehicle for inspection depends on your requested loan amount and underwriting profile. At Premier Title Loans, we understand that a vehicle inspection can waste your time and resources, especially if you are trying to get money urgently. We will often approve your application without a vehicle inspection. A registration loan doesn’t need to be a hassle; we will work to process your loan in just a few hours.

Can You Get Multiple Registration Loans & How Long Do I Have To Repay My loan

Depending on the lender, getting multiple registration loans out in one name simultaneously is possible but not recommended. Remember, your lender will look up your lending history and credit utilization and likely deny your application if multiple loans are outstanding.

Regarding how long you have to repay the loan, most registration loans are repaid quickly, within 30 to 60 days. This repayment term is much quicker than a title loan that’s typically repaid over a period of 12 to 48 months. The payoff time is faster for a registration loan because the loan amount is much smaller and customers also need to renew their registration with MVD every year.

What Happens If I Don’t Pay a Registration Loan?

If you fail to pay a registration loan, the lender may attempt to collect the money themselves or assign the account to a third-party bill collector. The lender may also take additional action and sue you in civil court for the balance. If you ignore the lawsuit or lose the case, your lender will end up with a judgment, and they can possibly garnish your wages to collect the amount owed. However, compared to a typical title loan, they can’t repossess your vehicle as they’re not listed as a lienholder on the car’s title.

Apply For A Registration Loan With Premier Title Loans

Are you still paying off your vehicle and need urgent cash for an emergency? Premier Title Loans can help. Complete our application for a registration loan online and get the financing you require within 24 hours. Our loans come with the following benefits:

• No credit check: Your credit history is not part of the approval requirements at Premier Title Loans. Our loans are specifically designed to meet the needs of those with less than a perfect credit score or no credit history.
• No prepayment penalties: We don’t charge our customers fees for paying their loans early. This means you can take out a registration loan and repay the loan at any time.
• Convenient and flexible: With Premier Title Loans, you can apply online 24/7 and know if you’ve been approved within 30 minutes. Once approved for a registration loan, you can get your cash in one business day.

At Premier Title Loans, we provide access to auto registration loans to help you address any financial need. Contact us at 800-250-6279 for quick approval funding. Most applicants with vehicle registration documents will qualify for $500 or more!