Get a short term loan
Benefits of a Short-Term Loan
Short-term loans are a great way to get you through a shortage of cash, and title loans are great because of their easy qualification, and the money is typically in your hand in just minutes! Here are the big benefits of a title loan from Capitol Title Loans of Delaware:
- No credit check. Unlike traditional longer-term loans, no credit check is performed, meaning no credit score is required to obtain cash quickly with a title loan. This is the perfect solution for individuals with no credit, or less than perfect credit. Rest assured that your credit score is never checked, and does not factor into your ability to borrow the money you need today.
- Money in your hand in minutes. Traditional loans can take days or weeks for approval, and payout generally adds several days or a week to the timeframe. This is not an adequate solution for individuals that need cash immediately. With a title loan, you can be approved in minutes, and have the cash in your hand you need to pay bills, provide for your family, or any other reason you need.
- You keep, and use your vehicle as you desire. Title loans from Capitol Title Loans allow you to continue to drive your vehicle to and from work, and wherever else you desire. During the loan process, you provide the lender with a lien-free title, and you get to keep your car.
- Short-term loans, with fixed interest rates. Interest rates that are fixed for the life of the loan are vital to your financial stability and health. With the economy expanding and retracting at whim, interest rates can increase quickly, leaving you with greater payments with little warning. Fixed interest rates allow you to properly budget and wisely manage the repayment of the loan in terms from 7 months.
- Loan value is based on appraised value of vehicle. Unlike other short-term loans, a title loan is primarily based on the appraised value of your vehicle. Beware of lenders that offer to loan you money based on 20% or 30% of the appraised value. At Capitol Title Loans, most borrowers qualify for up to 50% or even more of the wholesale value of the vehicle; this can equate to hundreds or even thousands of dollars difference.
- Use the money borrowed as you desire. There are no limitations on what you can use the money for when you borrow with a title loan. If you need to pay bills, take a vacation, or pay for an unexpected expense, feel free to spend the money as desired.
- Limited documentation required, and easy qualification. All you need to apply for a title loan is the title to the vehicle, a working phone, valid driver’s license, automobile insurance, and state issued registration. Call or visit one of our locations in Bear, New Castle or Smyrna, Delaware for more information on what you need to qualify for a title loan from Capitol Title Loans.
When you are in need of cash quickly in Delaware, it is imperative that you shop around for the best interest rate, and highest value of your vehicle available. Beware of any lender that charges upfront application or other fees; this can seriously limit the amount of cash in your hand.