What is the process & qualifications for a title loan with AEL
What Do You Need to Get a Title Loan with Auto Equity Loans?
Auto Equity Loans title lending process is simple and
For starters, the first qualification for a loan with us is that you have a free and clear title! We look at the car’s equity. If the value is enough for us to be able to lend and it’s in fair to good condition, you’re already a step closer to receiving fast cash! You can call or drop in to any of our office locations and get a free quote. You may be surprised to know that we do not run credit checks for you to qualify.
Secondly, you will need to bring in a few documents with you:
- Free & clear title
-Which means there are currently no liens on your title
-The title is not branded
- Valid license or ID
- Proof of insurance
- Proof of income
-Typically, we like to see your most recent pay stubs or bank statements
-Social security and disability pay are also accepted.
- Proof of address.
-Something that was sent to your address in the last 30 days.
-A utility bill is a common choice amongst our clients.
Once in the office, we will look over your documents and make copies for your personal file that will be safely stored in the office. You will then fill out an application that will go into that file. We carefully and efficiently enter all of your information into our secured computer system. From there, will go over the policies and paper work you will be signing, so you have a clear understanding. We get you approved and then go over the contract in detail. The loan process can take anywhere from 30-45 minutes and you walk out with a check the same day. That’s it! It’s so easy anyone can qualify! We take pride in our easy lending process.