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Individuals who complete an application for a personal installment loan and meet our requirements are eligible for a personal loan from TitleMax® provided that they do not currently have an outstanding loan with us.
To qualify for a personal installment loan, customers cannot have an existing loan with us. They must also provide us with certain documents, including:
Numerous banks across the country offer personal loans, but for many people, they’re not a good option. Bank loans often have lengthy approval processes and require flawless credit. If you don’t have time to wait around while a bank decides whether they want to approve you for a loan, turn to TitleMax®.
No: Our personal installment loans do not require any form of collateral.
Direct deposit of your loan disbursement is only required when the loan amount is greater than $1,000.
Yes, we offer our customers the option of making electronic payments through the Automated Clearing House, or ACH, the nation’s largest electronic payment processor.
When you select the ACH payment option, your payments will be made automatically, without any effort from you. There’s no need to come into our store, and you won’t have to worry about accidentally forgetting a payment. Preferred pricing is also given to our customers who opt for ACH repayment.
Repayment on personal installment loans varies by state but options include weekly, biweekly, semi-monthly and monthly basis.
Your installment payments will include principal, interest, and fees. This helps ensure that your loan is paid off entirely by the end of the loan’s term if you pay on or before your due date.
The amount of your loan and your pay schedule helps us to determine the term of the loan, and the frequency of your due date.