Looking for a small loan with a low interest rate?
A title loan (prestamo por el titulo) could be right for you!
A title loan is a small loan ($3,000 to $15,000) that uses your car’s title as the collateral.
What do I need in order to get approved for a title loan?
To get this type of low interest-rate loan, you need:
- a car,
- that is paid off,
- that you own title to.
Additionally, we will consider your credit score, your job, your income, and the value of your car to determine whether you qualify for a title loan.
Title loans are short-term loans, meaning they must be repaid in 24-36 months.
Steps to Getting a Low Interest-Rate Loan with California Auto Finance
Step 1: Apply Online
It’s free and easy to apply — simply go here, fill out the application, and we’ll get in touch with you right away. If you are approved for a title loan, you can even get your cash as early as the same day!
If you’re in Orange County and would like to apply in person, feel free to stop by our Orange office. Meet our team, enjoy a fresh cup of coffee, and have all your questions answered in person.
Step 2: Notarize Papers
The next step is to finalize the process in person by signing the papers with a notary public. No worries if you don’t live in Orange County — no matter where you are, we have trusted notaries who will come to you to finalize the process so you can get your money as soon as possible.
Step 3: Get Your Cash!
After the application process is complete and you are approved, that’s it! You’ll have your low interest-rate loan money in your pocket.
Common Reasons People Need a Low Interest-Rate Loan
Many of our customers apply for title loans because they are in a bind and need cash right away. Some of the more common reasons we see for applying for a title loan include:
- family emergency
- death in the family
- medical bills
- urgent home repairs
- student loans
- wedding, graduation, or quinceañera
- and more
Why Does a Title Loan Have Low Interest?
Actually, with many short-term lenders, a title loan is NOT a low interest-rate loan. However, at California Auto Finance, our goal is to help you by providing you with the cash you need in the short-term but also by setting you up for success in the long-term by being able to repay your loan on time. We do that by offering a much lower APR, which could cut your current title loan monthly payment in half.
It is not uncommon for the APR of title loans to be anywhere from 100% to 300%! With California Auto Finance, your APR could be as low as 36%!
Whatever questions you have about title loans, please call us today. We are an upstanding company with a good reputation. We truly want to help our customers and see them succeed. We look forward to assisting you!