ONLINE CAR TITLE LOANS
IN TENNESSEE!

Title Loans In Tennessee – How They Work & What’s Required

Have you recently been turned down for a personal loan because of poor credit? Perhaps it’s time to consider a title loan that uses your vehicle’s equity as collateral for a loan. Title loans have been widely used in Tennessee over the past few years as you don’t need good credit to qualify and can borrow up to $20,000 by tapping into your car’s equity. You’ll sign over the car’s title to your lender and that’s held as collateral until the loan is fully repaid.

With Premier Title Loans, anyone can qualify for a title loan in Tennessee, and the requirements are relatively simple. You must be at least 18, with a valid driver’s license and proof of vehicle registration to qualify. You must also own the vehicle outright – meaning you have no liens or outstanding loans against the vehicle’s pink slip. You need to prove your income, which often involves submitting bank statements or proof of income from your employer. And finally, your car must be in good condition and have a clear title. Any licensed finance lender will want to run some credit checks to ensure you have no past bankruptcies and no existing title loans with other companies.

Vehicles That Qualify For A Title Loan In TN, And How Much Can I Get?

Almost any registered vehicle in Tennessee can be used for a title loan, including cars, commercial trucks, motorcycles, RVs, and boats. Funding amounts will often depend on the value of your vehicle, so it’s vital to have an accurate estimate before applying. The car must be in your name, and it must be completely paid off. If you still owe money to your lender, you won’t have possession of the pink slip, making it hard to get approved for any type of title loan that requires a paid off vehicle.

The loan amount for Tennessee title loans is based on the vehicle’s resale value, and that’s why it’s great to have a newer model car with low mileage. Title loans are typically offered for 40% to 70% of the bluebook value of your vehicle. So a car or truck worth $14,000 can lead to a title loan of around $7,000.

To determine an accurate loan amount, there’s a decent chance you’ll need to bring in your vehicle for a quick inspeciton. During the inspection, you car will be checked for any mehcanical and costmetic issues and your lender will take the vehicle on a test drive. They’ll record the current mileage, VIN, and they may request documentation showing your vehicle’s been smogged and has up to date tags in Tennessee. It only takes about 45 minutes to inspect the vehicle and most customers can sign the contract and collect their funds during the same visit!

Regulations For Tennessee Title Loans

Tennessee title loans are legal and widely offered by licensed lenders throughout the state. However, some areas in TN have specific lending limits and various other restrictions. For instance, Sumner County is constantly changing its municipal codes that cover short term lenders. Davidson County, which includes Nashville, also has financing restrictions and regulations covering what happens if your vehicle gets repossessed because of missed payments.

How Does The Title Loan Process Work In Tennessee?

The friendly customer service staff at Premier Title Loans can process and underwrite your application for a same day title loan in Clarksville or Nashville quickly, often within a few hours. Assuming your vehicle is paid off, you should have no issues getting approved in one business day or less.

All you need to do is call us at 800-250-6279 to complete your application over the phone and you can always submit your information using our online application. We need your vehicle’s make, model and year to get you a quote and after that we’ll let you know how much money you qualify for!

Getting Your Money From A Vehicle Title Loan In Tennessee Straight To Your Account

Your lender can wire the money straight to your bank account if you are approved for a vehicle title loan. Once the funds are in your account, you can use them however you’d like. Other customers in Tennessee choose to pick up a money order or get the cash in person at locations in Nashville, Lynchburg or Murfreesboro. Some companies can send the funds by direct deposit to a debit card or prepaid card within 24 hours.

Use the cash for financial emergencies or pay off other loans, it’s entirely up to you! Unlike some equity lenders that give you access to revolving credit, a car title loan let’s you borrow upwards of $20,000 cash!  There are no restrictions on how much you can borrow and what you can do with the money.

Apply For A Car Title Loan Online Or From A Local Lender In Tennessee

Once you decide that a title loan is for you, the next step is to determine how you want to apply. Some people choose to fill out an application for a Premier Title Loan online. Others choose to apply in person at any number of locations in Tennessee. You can likely find dozens of lenders if you reside in larger metro areas like Nashville and Chattanooga. Other cities like Knoxville have fewer retail offices within the city limits, but multiple lenders are within a short drive.

Whatever route you take, remember that Premier Title Loans is here to help get your loan funded in Tennessee. We’re happy to help you apply online 24/7, over the phone at 800-250-6279, or any location offering title loans in Memphis or Clarksville! We work with multiple lenders in the area, so we can typically process and underwrite your application within hours of receiving your application.