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BlogBlogHow You Can Apply For A Car Title Loan

How You Can Apply For A Car Title Loan

ApplyThere are many reasons why you might want to take out a loan. It may be that you have a financial emergency and need money fast to pay your bills. You might want to take a vacation, remodel your home, or even help pay for school. Whatever the reason may be, a car title loan is a fast and easy way to access much needed cash. Applying for an auto title loan is easy, too!

At title loan companies like Florida’s Embassy Loans, those who want to apply for a loan can visit any one of the company’s many convenient locations. The friendly and knowledgeable employees at Embassy Loans can help you complete the application, which takes just a few minutes. People also have the opportunity to apply online. They follow the simple instructions and can complete an application in a matter of minutes.

In order to apply, a potential borrower needs to own a car that is paid off entirely. In some cases, the vehicle may be close to being completely paid. Check with the title loan company in that case. The title to the vehicle must be clear meaning that there are no liens against it.

Once you have finished the application, Embassy Loans will require you to prove your identity and residency. You must show the title to the vehicle as well and, of course, it must match the car or truck. When everything has been verified, the vehicle will then be assessed for its value. With the value established, the loan can be finalized.

The process is very quick, especially when you consider the time it takes to complete a conventional loan from a bank or credit union. Traditional loans require more research and time as the financial institution must determine whether or not a person is a good candidate to repay the loan. Traditional loans are secured by a signature from the borrower. A car title loan is secured by a vehicle. If the borrower fails to repay the loan, the lender can take possession of the vehicle.

The typical auto title loan will take between 24 and 48 hours to process. This is much faster than conventional loans. Many applicants will receive their money on the same day that they started their application, often within hours of applying. For those that need money in a hurry, a car title loan is a great way to meet that need.



Embassy Loans is a leading provider of auto title loans since 2005

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Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

Monthly Interest Rates range from 1.5% to 2.5% (18% to 30% APR), with 15-18 Month Terms.

No Prepayment Penalties!

Embassy Loans uses “Title Loans” for advertisement purposes only and provides auto equity loans. Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

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Frequently Asked Questions

What is an Auto Equity Loan?

An auto equity loan, sometimes known as a car title loan or a car equity loan, is a type of loan that allows you to borrow money by using your vehicle as collateral. The loan is secured by your vehicle, meaning you agree to use the equity in your car to back the loan. 

What is an Unsecured Personal Loan

An unsecured personal loan is a loan that does not require collateral. Funds are provided based on your credit worthiness and your ability to repay. 

What Is the Credit Builder Program

The credit builder program is designed to help individuals establish or improve their credit score with the primary purpose of building a positive credit history through regular payments.

Can i have more than one Loan at a time?

Embassy Loans can only extend one loan at a time and it’s advisable to start with one and focus on making payments in a timely manner to prevent default.

What happens if I miss a payment?

Missing a payment can have negative consequences, including late fees, a drop in your credit score, and potential default on the loan. Consistent, on-time payments are crucial to benefit from the program.