Payday Loan 
Title Loan 
Personal Loan 
Business Loan What are Title Loans in Apple Valley, California?
Title loans in Apple Valley, California are short term loans that are secured by a borrower’s vehicle. The vehicles used as collateral must be owned free and clear and typically must be valued between $2,500 and $50,000. When a borrower is approved for a title loan, they will surrender the clear title to their car to the lender until the loan is paid off in full.
Are Title Loans Legal in California?
Yes, title loans are legal in California. Title loans have been regulated by the California Department of Business Oversight since 2013, when Assembly Bill 1158 was signed into law. This law affects the maximum loan amount, the interest rate and other terms of the loan.
What Kind of Documents Will A Lender Ask For?
When applying for a title loan in Apple Valley, California, borrowers should be prepared to present the following documents to the lender:
- A valid driver’s license (or state-issued photo ID)
- The title to the vehicle being used as collateral
- Proof of residency
- Proof of income
- Proof of car insurance
What Can I Use Title Loans For?
Title loans in Apple Valley, California can be used for almost any purpose. Some common uses for title loans include emergency expenses, medical bills, education costs, home repairs, debt consolidation, and more.
What are the Interest Rates and Fees?
The maximum interest rate for title loans in California is 30%, and the maximum fee for a title loan is 17.65%. There is also a $30 one-time loan origination fee, and a maximum allowed loan term of 36 months. These loan terms and rates are regulated by the California Department of Business Oversight.
What is the Process for Repaying a Title Loan?
When a borrower is approved for a title loan in Apple Valley, California, they will be given a repayment plan that includes the interest rate, payment due dates, and the total amount due. Repayments are usually due on a monthly basis, and borrowers can choose to make their payments in person or online.
Apply Now!
If you are looking for a fast and easy way to get a title loan in Apple Valley, California, TheGuaranteedLoans can help. We work with a network of lenders who offer straightforward, secure loans that are fast and easy to apply for. Fill out our secure online application and we will connect you with a lender to take the next steps. Keep in mind that TheGuaranteedLoans is not a lender.
FAQ
Q: How much can I borrow with a title loan in Apple Valley, California?
A: The maximum loan amount for title loans in California is $2,500. The value of the vehicle being used as collateral must also be between $2,500 and $50,000.
Q: What is the maximum interest rate for a title loan in California?
A: The maximum interest rate for title loans in California is 30%. There is also a 17.65% maximum fee and a $30 loan origination fee.
Q: How long do I have to pay back a title loan in California?
A: The maximum loan term for title loans in California is 36 months.
Q: Can I get a title loan without a credit check?
A: Yes, you can get a title loan without a credit check. Title loans are secured loans, so lenders only need to evaluate the value of the vehicle being used as collateral.
Q: Can I apply for a title loan online?
A: Yes, you can apply for a title loan online. TheGuaranteedLoans works with a network of lenders who can provide secure online title loans with fast and easy applications.
Beautiful sights of Apple Valley, CA
