Knowing what you need before you apply is the easiest way to get funded faster. Here is everything lenders typically ask for.
1. Vehicle title in your name
The title is the heart of a title loan. It needs to list you as the owner, and the vehicle shouldn't have another loan against it. If you recently paid off a car loan, make sure the old lender has been removed from the title (this is called a lien release) so it shows you as the sole owner. If the title lists a co-owner, they may need to take part in the loan.
2. Government-issued photo ID
A current driver's license is the most common form of ID, but a state ID card or passport is usually accepted too. The name on your ID should match the name on the title so ownership can be confirmed.
3. Insurance & registration
Active insurance and current registration show the vehicle is legally on the road and protected for the length of the loan. Your policy should list the vehicle you are borrowing against.
4. 18 years or older
Applicants must be at least 18 — or the age of majority in their state, where that is higher — to enter a binding loan agreement.
5. Photos of the vehicle
Because there's no in-person inspection, clear photos stand in for one: each side of the vehicle, the interior, the odometer reading and the VIN plate. Good photos help the lender confirm condition and value, which can raise the amount you qualify for.
6. Proof of income
Lenders need to see that you can afford the payments. Recent pay stubs, bank statements, or benefit, pension or self-employment records showing at least $1,500 per month are typically accepted.
Tips to speed things up
- Take vehicle photos in daylight, including the odometer and the VIN plate on the driver-side dash or door jamb.
- Have digital copies of your last two pay stubs or bank statements ready to upload.
- Make sure the name and address on your ID, title and proof of residence match.
- Answer calls or texts about your application promptly.