Title Loans in Lombard, IL
After the financial crisis of 2008, banks have become very weary to who they lend their money to. This is bad news for the average citizen as it has been exponentially harder to receive the funding you need. Fortunately, car title loans are an alternative source of funding that can help to fill in your financial needs quickly and without hassle.
What Are Car Title Loans In Lombard?
Car title loans in Lombard are a type of short-term financing that is available for those who have a lien-free vehicle title in their name. The loan amount is awarded based on the value of the vehicle you own and your own ability to repay the loan. The vehicle title is used as a secured source of collateral for the term of the loan.
How Do I Obtain Title Loans In Lombard?
Auto title loans in Lombard are fairly simple to obtain if you own a vehicle free and clear. You simply need to apply online and come to our office to finalize the loan paperwork. So that you fully understand what’s involved, we’re going to go over the full application process below.
- Use our online application form to apply for car title loans online in Chicago. You will need to submit your personal contact details and tell us about your car. We want to know the year, make, model, style, and current mileage.
- You will receive a follow-up call from one of our loan specialists. They will be able to inform you of the estimated loan amount, repayment terms, and other loan specific details that you need to know about.
- Bring your car title to our office location to finalize your loan. You’ll need to surrender the title for the term of the loan. Once the loan is finalized, we’ll give you the cash for your loan. It’s that simple!
What Is A Lien-Free Title?
In order to be approved for car title loans in Lombard, we require that you have a lien-free vehicle title. A lien is a hold on the stake of equity for a vehicle. The most common example of this is the auto loan lender who provided you the funds to purchase your vehicle. They will put a lien on the vehicle until the loan you borrowed is paid back in full. If you still have a lien on your vehicle title, we do encourage you to speak with one of our loan specialists to see how we can accommodate your lending needs.
Why Get A Title Loan Through Progressive Financial?
There are various auto loan lenders out there to choose from. So, why would you want to go with Progressive Financial over the others. There are actually many reasons. Let’s take a look at what these are below.
- Fast Payout Times – Our clients receive their loan proceeds in 24 hours or less after applying.
- Interest Rates That Are Competitive In The Industry – We pride ourselves on having some of the most competitive interest rates in the title loan industry.
- Keep Driving Your Vehicle – You can keep using your vehicle like normal throughout the loan terms if you make timely payments.
- No Restrictions On Spending – You can use the loan proceeds to pay for whatever you want to. There are no restrictions set by us.
- Fast Loan Estimates – You’ll receive your loan estimate the same day you apply so you can be stress-free.
- Local Lending Location
- Maximum Payout Amounts