Getting a car title loan near Chattanooga, Tennessee is quick and easy when you work with us at Tennessee Title Loans, Inc. right now. Still, it’s wise to understand the terms and conditions you must fulfill to qualify for one of these loans before you apply.

In this quick guide, you’ll dive deep into each term to get one of these loans. By the end, you’ll also get an overview of the application process to know what to expect when you start!

What Are The Terms For A Chattanooga Car Title Loan?

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

Still, you’ll want to know what you’re getting into before you try 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

First and foremost, you must be old enough to apply for a title loan. You must be at least 18 years old to apply for the loan.

That’s why you must provide valid identification when submitting your application. 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

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 loan, 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 For 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. Proof Of Income

Lastly, the terms of a car title loan require 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 For A Title Loan?

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

That inspection is only to determine how much the car is worth. Then, the representative can let you know how much you qualify to borrow.

Once you meet with the representative, you get to drive your car home. You’ll keep your vehicle even if your application is approved and you receive the loan.

How Do You Get Started With A Car Title Loan?

Once you understand the terms of the loan, here’s what you can do 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 is incredibly straightforward. It typically doesn’t take much time to complete, either. Remember, the sooner you begin applying, the sooner you can get your money!

Ready? Apply Now!

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.

Soon enough, you’ll work closely with a representative who will help you understand the loan’s terms and assist you in getting your application finalized!

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