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What Are The Auto Title Loan Requirements In Idaho?

If you’re looking to get a title loan from Idaho Title Loans, Inc., you’ll want to make sure you meet all the auto title loan requirements first! Don’t worry, though. There are only a few requirements you need to be in possession of to get through the application process.

In the following sections below, you’ll discover what those loan requirements are and how you can meet them. Then, you’ll also learn the answers to some common questions about auto title loans, like whether or not you need good credit or a checking account to apply for one.

Let’s get started!

Requirements For An Auto Title Loan In Idaho

Like many borrowers, you’ll be glad to know that there are only a few auto title loan requirements that you need to qualify. That means you won’t have to worry about a long list of things you have to prepare or do just to apply for one.

Image showcases Idaho auto title loan requirements, as a man takes notes for the process.

Here are the 3 things you need to get a title loan in Idaho;

1. A Lien-Free Car Title

Given that it’s called an ‘auto title loan’, it should be no surprise that you need a car title to apply for one.

More importantly, that car title must be lien-free or ‘clear’, as some people call them. That means the title has no outstanding loans or judgments against it and that it belongs only to you.

In other words, you must own your car outright to use its title to get a loan.

On top of that, it also means that the title must be in your name. If it’s not for whatever reason, you’ll have to stop by the DMV to have it transferred into your name before you can apply for a title loan.

2. Your Vehicle Ready For Inspection

Even though the car title is an important part of your application, the vehicle itself also plays a crucial role. One of the requirements for a title loan is that you bring that vehicle in for a physical inspection during the application process.

Don’t worry, though. If you are approved for the loan, you can keep your vehicle and drive it as usual while you are making payments.

To determine how much your vehicle is worth a loan representative will perform a quick inspection. Then, they can tell you how much you qualify to borrow with a title loan based on the car’s fair value.

3. Your Identification

Last but certainly not least, a title loan also requires you to provide valid identification. That can be in the form of your driver’s license or another state-issued ID.

As you might’ve guessed, your ID is necessary so the loan representative can verify your identity. Plus, it’s also to ensure that you’re at least 18 years old, the minimum age to apply for one of these loans.

Do You Need A Checking Account To Get A Title Loan?

No, having a checking account isn’t one of the auto title loan requirements that you must fulfill to get approval. If you don’t have one don’t worry. 

Just submit your application and wait for a call from the loan representative to discuss your options!

Can You Qualify For A Title Loan With Bad Credit?

Yes, having perfect credit is also not one of the auto title loan requirements you have to fulfill to qualify. That’s one reason why title loans are so accessible to a wide range of borrowers.

Whether you have good or bad credit, you can still apply for a title loan. Your application will be considered just the same as any other applicant’s, regardless of your credit.

Image shows a man inside car holds auto title loan cash, steering wheel visible.

How Do I Apply For An Idaho Title Loan?

If you’re ready to apply for an Idaho title loan, here’s what you need to do:

  • Step 1: First, fill out the short online request form with your basic details. That’ll include your name, contact information, and some details about your vehicle. Submit the form, and wait for a loan representative to get in touch soon after.
  • Step 2: Next, the loan representative will call you on the phone. They’ll explain everything you need to know about the loan and schedule an appointment to meet you in person. The representative will check your documents, inspect your car, and help you finalize your application.
  • Step 3: Lastly, the loan representative will determine whether or not your application is approved. If it is, you can get your money as soon as the same day or by the next business day.

Those three steps typically take very little time to complete. For example, you can be done with the in-person portion in as little as 30 minutes!

Start Now!

When you’re sure you can meet the auto title loan requirements described above, you can get in touch with Idaho Title Loans, Inc. to get the cash you need fast! Submit the online request form at any time to get the process started.

Then, be ready to pick up your phone when the loan representative calls. You’ll be finalizing your title loan application in no time!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Daniel Dewitt

Daniel Dewitt is a lifetime blogger with a finely-honed ability to break down, analyze, and interpret economic trends for the layman. He's fiercely invested in spreading financial literacy and helping everyday people gain the tools they need for their own economic success.