There are many situations when quick cash becomes an absolute necessity. An emergency can leave one with an unprecedented loan requirement. However, loans are not always easy to get.
High-interest rates are the biggest roadblock. Extensive paperwork that consumes a lot of the borrower’s time is second on the list, and figuring out the authenticity of the lenders can also be extremely challenging.
Many loan brokerage services are operative in the US to solve these problems. One of them is Fast Title Loans.
Here’s an overview of Fast Title Loans, which connects users to hundreds of reputable lenders across the US. Below are all the things you may want to know about Fast Title Loans:
What Is Fast Title Loans?
Fast Title Loans is a website that provides loan services to its users. It connects borrowers with their network of lenders through a single online request form.
As the name mentioned, title loans at Fast Title Loans are a star product. However, as a professional loan broker, the loan products offered by Fast Title Loans are not limited to title loans. It also offers a variety of other loans which include: payday loans, installment loans, personal loans, cash advances, bad credit loans, and more.
In addition, Fast Title Loans is a completely free online service. This means that you do not need to pay for applying for a loan on this platform.
Pros and Cons of Fast Title Loans
Like any other loan brokerage service, Fast Title Loans has advantages and disadvantages. So before you use Fast Title Loans to find the right loan provider for you, you should know these things:
- They partner with a vast network of reliable lenders across the country.
- Their partner lenders offer competitive and affordable interest rates.
- The loan application process is entirely online and you do not need to visit a physical shop. But if you hope can get a title loan offline, you can know a title loan shop near you by visiting here.
- They do not reject borrowers because of their poor credit history.
- The funds are disbursed very quickly and borrowers can receive their money within 24 hours.
- Only US-based users can apply for loans at Fast Title Loans.
- Some of their partner lenders do not offer motorcycle title loans.
What Are the Most Popular Loan Products on Fast Title Loans?
When using Fast Title Loans, you can exercise many different loan options. Here are the most popular loans in Fast Title Loans:
1. Title Loans
A title loan is a form of secured loan that requires the borrower’s vehicle as collateral. Borrowers can still keep their vehicle while they have a title loan. However, if they are unable to repay the loan, they risk losing ownership of the vehicle.
Generally, their title loan lenders do not have a minimum credit score requirement. Once your application and vehicle have been reviewed, they will make the loan decision quickly.
2. Payday Loans
Payday loans are short-term, small-dollar loans. Borrowers can obtain a payday loan from $50 to $5,000 at Fast Title Loans and are expected to repay the loan in a lump sum on the next payday.
Payday lenders usually do not carry out hard credit checks and they are willing to lend to people with bad or no credit. However, you should be aware that payday loans come with high-interest rates.
3. Installment Loans
An installment loan is another type of loan that is available at Fast Title Loans. With an installment loan, borrowers can get the cash they need and repay the loan in equal monthly installments at a fixed interest rate.
Although some online lenders require borrowers to have good credit to qualify for an installment loan, Fast Title Loans’ partner lenders still offer installment loans for borrowers with bad credit.
4. Same Day Loans
Same day loans are emergency loans that a borrower can get through Fast Title Loans. In case of an urgent medical expense or an unavoidable home repair, it’s hard to wait for the long banking process for a loan.
So, the borrowers can acquire cash by completing an online form. However, there’s a cut-off time for every lender that needs to be followed for a same day loan. This cut-off time usually spans a few morning hours of a business day.
Same day loans can come in handy in an emergency, however, they have higher interest rates than all the other lending options.
What Do You Need to Get a Loan from Fast Title Loans?
Unlike traditional banks that have strict loan application requirements, to qualify for an online loan through Fast Title Loans, borrowers only need to meet the following criteria:
- Have proof of identity, such as an ID card
- Be 18 years old or above
- Be a citizen or permanent resident of the US
- Own a valid bank account
- Have a lien-free vehicle
- Have a stable income
How Do You Get Loans from Fast Title Loans?
Fast Title Loans has a straightforward loan application process. Here’s the breakdown of the process to get loans on this platform:
- Open the Fast Title Loans website on the browser.
- Click the ‘Apply Now’ button to complete an online form.
- Provide some basic information about yourself and your vehicle.
- Receive several loan offers from their network of lenders.
- Compare the loan offers and choose the one that meets your needs.
- Sign the loan agreement with the lender.
- Get the loan funds within a few days.
Fast Title Loans partners borrowers with trustworthy lenders in the United States. With a concise and hassle-free application process, Fast Title Loans offer quick loans to borrowers in an emergency. The most popular loan type at Fast Title loans is auto title loans. However, the service isn’t only limited to title loans, one can avail of other loans too such as payday loans, installment loans, and same day loans.
So, if you have any financial difficulties and need quick cash, you can try Fast Title Loans. Everything you currently want to know is covered in the above guidelines. If you have an interest in it, go visit www.fasttitleloans.com to get a loan for you.