LoanMart title loan review

You don't need to fully own your car to qualify for this bad credit loan. But watch out for high rates.’s rating: 3.7 / 5.0


Bottom line: This title loan provider has flexible requirements, even for a title lender. And paying it off on time can improve your credit. But the high cost makes it best for emergencies. Read our full review.

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Min. Amount


Max. Amount

1 business day

Turnaround time


Product NameLoanMart Car Title Loans
Min. Amount$2,500
Max. Amount$50,000
Loan Term1 to 5 years
Turnaround Time1 business day
CostsBased on the value of the car and your ability to repay the loan
RequirementsResident of an eligible state, car title in your name, proof of income, valid state ID
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  • Bank account not required
  • Vehicles registered in another state OK
  • Accepts past and current bankruptcies


  • Potentially high interest rates
  • Not transparent about cost in every state
  • May put tracking device on car for loans over $10,000

Review by

Anna Serio is a lead editor at Finder, specializing in consumer and business financing. A trusted lending expert and former certified commercial loan officer, Anna's written and edited more than 1,000 articles on Finder to help Americans strengthen their financial literacy. Her expertise and analysis on personal, student, business and car loans has been featured in publications like Business Insider, CNBC and Nasdaq, and has appeared on NBC and KADN. Anna holds an MA in Middle Eastern studies from the American University of Beirut and a BA in Creative Writing from Macaulay Honors College at Hunter College, CUNY.

Expert review

LoanMart is ideal for borrowers with bad credit who’ve exhausted all other options. Unlike many other title lenders, your car doesn’t need to be fully paid off to qualify and you don’t need a bank account.

You might even qualify if you’re still in bankruptcy proceedings — though you might need to get permission from the court. It also reports on-time payments to the three major credit bureaus to build your credit score.

But it’s not available in all states. And like all short-term loan providers, you could face APRs in the triple digits. While it provides a fee schedule for states when it’s required to by law, it doesn’t offer the same transparency everywhere.

LoanMart title loan rates, fees and terms

LoanMart interest rates and fees vary depending on where you live. It only discloses the cost of its title loans in a handful of states, where it’s required by law.

When you factor in the interest rate and origination fee, the typical annual percentage rate (APR) usually runs from around 80% to over 200%.

Repayment terms also vary depending on where you live. Usually you have between 12 and 36 months to pay off the loan, though you may be able to qualify for a 48-month term in some cases.

High interest rates and long loan terms can have a big, long-term impact on your monthly budget. Use our calculator to see how much your title loan might cost before you borrow.

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Is LoanMart legit?

LoanMart is a legitimate title loan provider that also offers payday loans and bill pay services. You can easily find its state licenses and disclosures on its website — though it doesn’t disclose more than the law requires.

It’s generally safe to use too. It uses industry-standard encryption to protect its website and app. And if you’re not comfortable submitting sensitive information like your Social Security number, you can download the application on its website and fax it to 818-285-2410.

Compare more title loan options

LoanMart Car Title Loans

Max Cash Title Loans

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Max. loan amount


Max. loan amount


Turnaround time

1 business day

Turnaround time

Same business day to 1 business days


Resident of an eligible state, car title in your name, proof of income, valid state ID


Must be a US citizen or permanent resident, 18 or older with a regular source of income.

LoanMart reviews and complaints

BBB accreditedNo
BBB ratingA+
BBB customer reviews4.02 out of 5 stars, based on 39 customer reviews
BBB customer complaints75
Trustpilot score4.4 out of 5, based on 43 customer reviews
Customer reviews verified as of25 February 2021

LoanMart gets mostly positive customer reviews on sites like the Better Business Bureau (BBB) and Trustpilot. Most reviewers are pleased with the quality of customer service. But some complain about the high repayments. Some even go as far as to say that selling that car would have made more financial sense.

Eligibility requirements

To qualify for an auto title loan from LoanMart, you must meet the following criteria:

  • Reside in a state LoanMart services
  • Vehicle is paid off or almost paid off
  • Proof of income
  • At least 18 years old
  • US citizen or permanent resident

LoanMart state availability

LoanMart offers title loans in the following states

  • Alabama
  • Arizona
  • Georgia
  • Missouri
  • New Mexico
  • Utah
  • South Carolina

While LoanMart has locations in California, title loans are not available that state.

What information do I need to apply?

You need to have the following documents and information to get a title loan from LoanMart.

  • Valid driver’s license
  • Proof of residence
  • Proof of income
  • Copy of your car’s title or registration
  • Social Security number or Individual Taxpayer Identification number
  • Year, make, model and mileage of your vehicle

Typically borrowers provide a utility bill with their name on it as proof of residence. And proof of income can be a bank statement or pay stub, depending on how you receive your income.

How to apply for an auto title loan from LoanMart

LoanMart allows borrowers to apply online, over the phone or at a LoanMart location. To get started online, follow these steps:

  1. Click Go to site on this page or navigate to LoanMart’s website.
  2. Select your vehicle’s year, make, model and mileage. Then select your state of residence.
  3. Review your preapproval offer.
  4. Enter your full name, phone number, email and ZIP code.
  5. Read LoanMart’s disclosures, then click I want my cash.

LoanMart will provide you with an appointment number and instruct you to call for next steps. If you’re able to provide all the required documents and visit a branch, LoanMart may be able to fund your loan on the same day you apply.

Payment options

LoanMart offers multiple payment options, including paying by ACH transfer, check and through MoneyGram. You can keep track of your loan through LoanMart’s mobile app, and you’ll receive monthly billing statements to remind you when your payment is due.

Keep in mind that your loan may be costly and that your payments will mainly go toward interest. If you’re unable to repay your loan, you risk having your vehicle repossessed. Contact LoanMart if you have any questions or concerns about your title loan.

Not sure about LoanMart? You can browse other short-term loan options to find the best solution for your needs.

Frequently asked questions

More answers to common questions about LoanMart title loans.

Does LoanMart keep my car until I pay off my loan?

No, can keep driving your car as long as you keep making timely repayments. LoanMart only keeps the car’s title as collateral.

Can I borrow more money after my loan term is set?

Yes, but you’ll have to contact LoanMart. This process will likely result in you paying more interest.

Does LoanMart report to credit bureaus?

LoanMart reports your payment history to a credit bureau, though it doesn’t specify which. This means that paying off your loan on time will raise your credit score. But late payments will lower it.

Short-term loan ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze short-term loan providers and similar services to help you weed out predatory lenders and find a company you can trust. We rate providers on a scale of one to five stars. Our ratings are based on factors that are most important to you, which include: loan amount, application process, fees, customer reviews and borrower experience.

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

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    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

      Avatarfinder Customer Care
      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. 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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