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LoanMart auto title loan review

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A LoanMart auto title loan allows you to borrow money against your car, even if you have bad credit.

finder.com’s rating: 2.9 / 5.0


If you have bad credit and find yourself in a financial emergency, you might be looking for an alternative to traditional bank loans. If a payday loan doesn’t appeal to you, an auto title loan could be the solution you’re looking for. These loans give you a simple way to borrow money without worrying about the typical hurdles associated with borrowing from a bank or the quick repayment schedule of a payday loan.


Min. Amount


Max. Amount

1 business day

Turnaround time


Product NameLoanMart Car Title Loans
Min. Amount$1,000
Max. Amount$50,000
Loan Term1 to 5 years
Turnaround Time1 business day
CostsBased on the value of the car and your ability to make regular payments on time.
RequirementsMust live in AL, AZ, IL, MO, NM, SC or UT. Must have verifiable income, car value of at least $1,500 and a vehicle that is paid-off or close to being paid-off.
Go to LoanMart's website

State availability

  • LoanMart offers auto title loans in the following states: Alabama, Arizona, Illinois, Missouri, New Mexico, South Carolina and Utah.
  • LoanMart title loans are not available in California.

Compare other title loan providers to see what options are available where you live.

What are the benefits of an auto title loan from LoanMart?

  • Quick and easy. Applying for a loan is easy and takes about 5 minutes. You can apply online, over the phone or in person at a LoanMart store.
  • Apply with bad credit. Unlike most mainstream banks and lenders, LoanMart doesn’t require you to have a perfect credit history. You can apply even if you have a low credit score as long as you show an ability to repay.
  • Large maximum amount. You might be able to borrow as much as 120% of your car’s equity through a LoanMart auto title loan. The amount you’re approved for depends on your vehicle, your financial situation and your state of residence.
  • No early repayment penalties. LoanMart doesn’t charge any penalties for early repayment. By paying the loan off ahead of time, you can save money by reducing the amount of interest you accumulate.
  • Multiple ways to receive funds. You can receive your loan as cash, check or through a wire transfer.
  • Available in multiple states. LoanMart conducts business in Alabama, Arizona, Illinois, Missouri, New Mexico, South Carolina, and Utah.

What are the costs of a LoanMart auto title loan?

How much you end up paying depends on the amount you borrow and your state of residence.

LoanMart presents you with a loan agreement document that outlines the total costs of your loan as well how long you have to repay. Like all auto title loans, you will have to sign the loan agreement in order to receive your funds, and you should be prepared to repay the principal and interest of your loan, which usually has an APR from 60% to 222%.

Once you have signed the agreement, the fees and interest come into effect–even before you get your funds–so be sure to review all associated costs before agreeing. Late or missed payments could result in more fees, a lower credit score and possible repossession of your vehicle. Always be sure you are able to repay a loan before you borrow.

How do LoanMart auto title loans compare?

Updated November 19th, 2019
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
Same business day to 1 business days
Must be a US citizen or permanent resident, 18 or older with a regular source of income.
With a quick online application, Max Cash could help connect you with a lender, finding you options in minutes.
Varies by lender
Have a regular source of income, not be involved in any bankruptcy proceedings, be a US citizen or permanent residence, be at least 18 years old (varies by state).
Quickly find a lender and potentially borrow up to $10,000 by using this auto title loan connection service.
1 business day
Must live in AL, AZ, IL, MO, NM, SC or UT. Must have verifiable income, car value of at least $1,500 and a vehicle that is paid-off or close to being paid-off.
A LoanMart auto title loan allows you to borrow money against your car, even if you have bad credit.
as little as one business day
Must live in AZ, CA, FL, NM, SC or TN. Must own your car outright, have a valid car insurance policy and be a US citizen or permanent resident.
Short-term loans secured by your car title. Repayments accepted through MoneyGram if you don't have a bank account.
as little as 30 minutes
Must have a lien-free vehicle title, government-issued ID, and be age of majority in your state.
Auto title loans on cars and motorcycles to people in 16 states across the US.

Compare up to 4 providers

Is it safe to apply with LoanMart?

All LoanMart auto title loans are made in accordance with loan, lender and finance license laws in each of their states of operation.

LoanMart guarantees your transactions under the Fair Credit Billing Act and protects all the information you provide from misuse, loss, alteration, destruction and unauthorized access or disclosure.

How to tell if a short-term lender is legit

How to apply for a auto title loan from LoanMart

You can complete and submit an application online or over the phone, and if you need help, customer service is available via online chat.

Eligibility criteria:

  • Live in one of the following states: AL, AZ, CA, GA, IL, MO, NM, SC or UT
  • Have a car value of at least $1,500 (varies by state)
  • Have a vehicle that is paid-off or almost paid-off
  • Have verifiable income
  • Be at least 18 years old (varies by state)
  • Be a citizen or permanent resident of the US

Required information:

  • Your complete name, phone number, email address and residential address
  • The year, make and model of the vehicle you wish to use as collateral and its mileage
  • Proof of income (paycheck stubs, invoices or bank account statements)
  • Proof of residence (a piece of recent mail like a utility bill)

You can provide these documents by fax, email or by sending pictures.

What is an auto title loan and how does it work?

An auto title loan is uses the title of your car as collateral. The amount you can borrow is based on the appraised value of your vehicle and your ability to repay the loan. LoanMart keeps the title of your car, but you continue driving while you repay.

Auto title loans are typically repaid more quickly than traditional bank loans and come with much higher finance charges. Payments are done in installments, and like a payday loan, an auto title loan is not a long-term financial solution.

Because you use your car title as collateral, if you are unable to repay for any reason, you could risk losing your car. Weigh the pros and cons carefully before you decide to make sure you make the right financial decision for you.

Here’s what else you should know about auto title loans before you apply

Are payday loans available in my state?

Frequently asked questions

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Read the full methodology of how we rate short-term loan providers and similar services.

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  1. Default Gravatar
    October 2, 2018

    How can i get a credit card with maybe 500$ limit im recently divorced an trying get back on my feet i draw disablity an hav no checking account is there nobody that can help with out a bank account tu

    • AvatarStaff
      October 3, 2018

      Hi Melisa,

      Thank you for leaving a question.

      There are a lot of types of credit cards that you could choose from to suit your needs. Please check this link to see the overview of what type of cards are available for you. As well, when choosing a credit card on the comparison table, Kindly review and compare your options on the table displaying the available providers. Once you have chosen a particular provider, you may then click on the “Go to site” button and you will be redirected to the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.
      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. Hope this helps!


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