If you're looking for car title loans Chattanooga, TN, you're likely facing a financial challenge and need fast cash. As Tennessee car title loan providers, we at Tennessee Title Loans, Inc. have made the loan process simple, but before applying, it’s important to understand how to get a car title loan near Chattanooga and the requirements you'll need to qualify.

This guide explains the basic key terms about the title loan requirements Tennessee that you need to know before applying for a car title loan.

Basic Terms For Car Title Loans Chattanooga, TN

Overall, the requirements for a car title loan are convenient, making them a popular option among borrowers needing to borrow money quickly with as little fuss.

Still, if you’d like to get one of these quick loans in Tennessee, you should know what you’re getting into before applying for one of these loans. Here are the terms you must understand and meet to qualify for one of these loans:

1. Minimum Age Requirements

First and foremost, when you are looking for fast title loans near me, you should know you must be at least 18 years old to apply for the loan. You’ll need to provide valid ID to confirm your eligibility.

A driver’s license or other state-issued ID lets the representative verify your age and other things necessary to complete your application.

2. Car Ownership and Lien-Free Titles

Aside from being old enough, owning your car outright is another part of the loan’s terms and conditions you must satisfy.

When you apply for the quick title loans in Chattanooga, you must provide a lien-free car title. That means the car title is free from any outstanding loans or judgments against it. As the complete owner of the car, you’re authorized to use it to secure the loan.

Of course, that title must also be registered in your name to comply with the loan terms. If not, you must bring it to your nearby DMV office and transfer it to your name first.

3. Vehicle Inspection

Your lien-free car title is necessary to secure the loan. However, you'll also need to bring the vehicle so a representative can review it.

That requirement is there so they can appraise the car’s value and determine how much you qualify to borrow.

Don’t worry, though. The inspection will only take a few moments to complete, and it’ll happen during your in-person meeting with the loan representative.

4. Show Proof Of Income

Lastly, a car title loan requires you to provide proof of income. This part is necessary so the representative can determine whether or not you’ll be able to repay the loan if they approve your application.

Do You Have To Surrender Your Car To Apply?

You don’t have to surrender your vehicle to apply for fast cash loans near me. As you read earlier, one of the title loan terms is that you must bring your car in for an inspection.

That inspection is only to determine the value of the vehicle, so the representative can let you know how much you qualify to borrow.

After that, you get to drive your car home. You’ll keep your vehicle even if your application is approved and you receive the loan.

Now that you know you get to keep and drive your vehicle during the repayment period, you may want to know the next steps in the application process for title loans.

How Do You Get Started With A Car Title Loan?

Are you still wondering, ‘How to get a car title loan near Chattanooga’? We have the answer below, with our step-by-step process.

Step-by-Step Application Process

Ready to apply? If so, here’s how to get started:

• Firstly, fill out and submit the online form on the website with your information. That will ensure a representative at a nearby store can contact you soon after that.
• Next, speak to the representative when they call your phone. You can ask them questions about the application process before you set a time and place to meet them in person.
• Then, meet the loan representative so they can verify your documents and inspect your car. It won’t take long before they let you know if you qualify for a loan and how much you could get. Then, they’ll help you finalize the application.
• Lastly, wait to find out if your application is approved. If it is, you can get paid as quickly as the same day or by the next business day.

As you can see, the application process and title loan requirements Tennessee are incredibly straightforward. It typically doesn’t take much time to complete, either. But you should keep in mind, this short-term loan option should only be used in emergencies.

While title loans can provide a borrower with the cash to overcome a financial emergency, such as a medical bill, late rent, or a home repair, they have high interest rates, fees, and non-payment can result in the repossession of your vehicle, which is why, you should consider the down side, as well as the benefits. 

Ready To Get A Chattanooga Car Title Loan?

So, if you’re in Chattanooga, Tennessee, and need a car title loan, contact Tennessee Title Loans, Inc. now. Take the first step by submitting the online form with your name, contact information, and a few basic details about your car.

Don’t wait! Start your application now and get the cash you need as soon as today.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.