Frequently Asked Questions about Cash Loans
Q: How much cash can I borrow?
A: You can borrow between $2,525 to $20,000 cash. We will loan you usually 50-60% of the wholesale value of your vehicle. The value takes into consideration the year, make, model, mileage, condition of the vehicle and your financial ability to repay your loan in the time and manner provided in your loan contract.
Q: What is the interest rate for cash loans?
A: Our rates vary, but typically 5.9%,- we have the lowest cash loan interest rates in California – Guaranteed! WE WILL BEAT ANY OF OUR COMPETITORS RATES!!!! In fact, we are so confident that we can offer you the best deal that if you can show us a competitor offering a lower interest rate in writing, we will beat that rate.
Q: How much does my vehicle have to be worth?
A: Your vehicle must be worth at least $6,000 (visit Kelley Blue Book online to get an estimate of your car’s value) and we will loan you usually 50-60% of the value of the vehicle.
Q: Do I have to be a California resident?
Q: Do I get to drive my car during the Auto Title Loan?
A: Yes, you keep on driving your vehicle when you take out a title loan.
The only time we would keep the car is if you want a lot of money – then you would pawn your vehicle – see our Auto Pawn page for more information.
Q: How long does it take to get a cash loan?
A: It takes 30 minutes to complete the process. We are the easiest title loan place to deal with, we do not have red tape like other companies, so you will receive your cash loan the same-day, in less than 1 hour. Some other companies will take days to give you your money, because they will be checking your references, call your job and do a full vehicle inspection.
Q: Does my car need to be paid off?
A: No, if you still owe money on the vehicle, we can payoff the loan and get you some extra cash.
Q: Will I get approved?
A: We approve loans 99% of the time if the vehicle is valued more than $6,000.
Q: I have bad credit, can I still get a cash loan?
Q: Do I need to be currently employed?
A: No. We give loans to people who are employed and also to those that get unemployement and SSI benefits. Also being self-employed is OK. Most of our competitors will not give you a loan if you cannot prove your income.
Q: What type of vehicle does it have to be to get a cash loan?
A: You may get a title loan for a car, truck.
Q: Are you a legitimate legal lender?
A: Yes. We are licensed with the Department of Corporations State of California Finance Lender and Brokers. CA business license #: 603 G874.
For more detailed information please read our Legal Info.
Q: How can I learn more about safe, secure and fair financial services in the California marketplace?
A: The DBO provides protection to consumers and services to businesses engaged in financial transactions. To learn more go the California Department of Business Oversight (DBO) website. The Department oversees the operations of state-licensed financial institutions, including banks, credit unions, money transmitters, issuers of payment instruments and travelers checks, and premium finance companies.
DBO also provides information and resources on a variety of financial topics to provide consumers with tools and information to operate safely in the financial marketplace.