Yep, you can definitely get a title loan online!
You'll start by filling out an application form with basic information like your name and address and the size of the loan you'd like to receive.
Lenders usually request digital copies of a few important documents as part of your application:
- A valid government-issued photo ID
- Proof of income
- A lien-free car title, registered in your name
- Proof of auto insurance
You'll also need to be at least 18 years old — and you need to have a running vehicle.
Because you have to have a working vehicle to get a title loan, someone from the lending company will need to inspect your car to make sure it runs and assess its value.
This part of the process isn't always going to be 100% online. It's going to depend on the lender. Some lenders will require that you bring your vehicle to their nearest location so they can inspect it. Others may even send a representative to your door to do the inspection — talk about service!
In some cases, you may get lucky with a lender who allows a virtual inspection (usually through a video call on your smartphone). Keep in mind, this is not the norm.
After they've confirmed that your car works and assessed its value, you can get the money you need delivered to your bank account that same day. 🙂
So, if you get a title loan from a lender that offers at-home or virtual vehicle inspections, you can complete the entire loan application process without ever leaving your house!