Tennessee title loans are a type of personal loan secured by using your car as collateral. Unlike other types of loans, you are allowed to keep your vehicle while making payments and the lender will only charge one-fifth of your interest rate as fees. This is in accordance with the Title Pledge Act of Tennessee, which is designed to protect consumers.
Tennessee Title Loans: Convenient Solutions for Financial Needs
A car title loan is a fast, easy and affordable way to get the money you need in Tennessee. To qualify for a car title loan, you need to have a clear or lien-free title in your name and must be 18 years old or older. You will also need to submit proof of income, such as recent paycheck stubs or bank statements.
You can apply for a car title loan online or at any of our Tennessee store locations. Once you have filled out the application, a representative will contact you to assess your vehicle and provide a quote for the maximum amount of funding that you can receive. If you are approved, you will be asked to provide some basic documentation and then visit your local store location to complete the approval process.
Tennessee title loans are capped at $2500 and can be renewed up to two times. During the term of your car title loan, you are required to make at least one monthly payment and maintain your vehicle insurance. If you are unable to repay your car title loan, the lender may repossess your vehicle.