April 04, 2012
If you need money fast you may be considering car title loans as an option. Car title loans allow you to borrow more than other fast loan options, such as pay-day loans. Often they do not even require a credit check as part of the application process for car title loans. But why not just get a traditional bank loan? How do Car Title Loans Work? Car title loans use the value of your car to determine the amount ...
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All loans have a re-payment term of 12 months (Maximum Loan Term - 12 Months | Minimum Loan Term - 12 Month). You can pay off the loan anytime without any pre-payment penalty and Interest rates are determined and approved by the State of Florida and based on the loan amount. The maximum allowable APR is 30% (This includes the interest plus fees and other costs for one year). You will only pay interest for amount of time your loan is outstanding. Below are a couple of examples.
The following chart contain examples that illustrate the cost of a loan to the borrower. Please let us know if you have any questions or queries. We are happy to answer all questions and provide any additional information that you may need. Our process is completely transparent, ensuring that you are able to make an informed decision.
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