How Fast Can You Get Approved For A Title Loan In Idaho?

Title loans are made with emergencies in mind, allowing you to borrow money when you need it most without trawling through arduous approval processes. One of the best advantages of title loans is the ability to get approved the same day you apply and receive your funds within one business day. 

In this guide from Idaho Title Loans, Inc., we will explain how to get fast approval title loans in Idaho and the factors that contribute to the quick approval process. We will also review what steps you need to take, the requirements, and other essential information.

How Quickly Can You Get A Title Loan in Idaho?

The timeline varies from lender to lender. However, here at Idaho Title Loans Inc., we offer title loans in less than 30 minutes, ensuring you get the amount you qualify for as quickly as possible. This is much quicker than typical bank loans, which can take weeks (or even months) to process.

While we have a quick process, there are ways for you to make mistakes that can delay you from getting the cash you need.

Here are five ways to speed up the process to ensure you get same-day title loans:

1. Prepare The Required Items

Before beginning the process with our online loan form, you should ensure that you have everything you need to get approved. The last thing you want is to go through the whole process and realize you cannot get approved or forgot an important document.

Thankfully, we have a simple list of required items. You should be able to find these items easily, allowing you to prepare before starting the process.

Here are the required items for title loans in Idaho:

• Identification – You must provide identification to confirm your identity and verify that you are at least 18 years old. We accept various forms of primary identification, including your passport, driver's license, military ID, and student ID. Make sure it displays your photograph, full legal name, and date of birth.
• Lien-free vehicle title – We only accept lien-free titles, as they prove you own your vehicle outright without any outstanding judgments or liens. We place a lien on your title to secure the loan, and we can't do that if there is already one in place. If you are still repaying your car finance agreement, you must wait until it's paid off in full before starting the title loan process. Also, we can only accept a title with a name that matches your ID.
• Vehicle – To get approved for a title loan, you will need to allow us to inspect your vehicle to determine its value. We use your vehicle’s value to establish how much you can borrow. The factors that can affect vehicle value are age, make, model, condition, mileage, and service history.

2. Make Sure Your Lien-Free Title Meets Our Qualifications

If you have a vehicle title, you may think you’re all good to get approved for a car title loan. However, not every title will meet our requirements.

Your vehicle title must be lien-free. That means you have fully paid off the vehicle, and it no longer has any outstanding liens, debts, or judgments. If you are still paying off a car loan, you must complete that before getting a title loan.

In addition, the title must match the name on your ID. You cannot get approved using a car title in someone else’s name, even if that person is your partner or family member. If you have a car title in someone else’s name, visit a local DMV office to get a title transfer before applying.

3. Ensure Your Documents Are Accurate

If you don't provide complete, accurate information at the time of your application, you won't experience a quick process. In fact, this may prevent you from getting a title loan at all.

For the fastest processing, make sure you provide accurate documents initially and fill out the initial form carefully, double-checking all your answers. We will cross-check your documents to make sure everything matches, so be thorough in providing your information.

For example, your title loan process can be delayed if the name on your ID and car title don’t match. Your vehicle must also be the same make and model that you declared on your online form.

4. Understand The Title Loan Process Before Starting

Part of your preparation for getting fast approval title loans in Idaho is understanding the loan process. If you know what steps you need to take, you can go through the process much more easily. You can prepare for each step and not have to delay the process because you weren't prepared for something.

Here is the approval process for Idaho title loans:

• Fill out the online form – You can start the process online with our request form. Some may wish to handle this over the phone or in person, but the online form is the fastest way to get us your information. It takes less than five minutes to provide your name, zip code, email address, phone number, and vehicle details.
• Speak to us over the phone – After submitting your form, we will review the information and call you. During this quick phone call, we will explain title loan terms, the requirements, and how to get approved. You can ask questions to verify anything you’re confused about. To end the conversation, we will set up a meeting at our nearest Idaho store location.
• Get approved in person – Bring your required items to the closest Idaho store. Once you arrive, we will verify that you meet the requirements and that your information matches across your documents. We will also conduct a vehicle inspection to determine how much you can borrow. This all takes less than 30 minutes.
• Sign the loan agreement – We will explain how much you are approved for. If that amount is acceptable, you can sign the final loan documents to complete the process. You will receive your funds later that day or by the next business day.

5. Start The Process Early

Now that you understand how to get approved, you can begin the process to get title loans in less than 30 minutes. While you can start anytime and get approved on the same day, those looking to receive same-day cash should begin the process earlier in the day.

We are open from 10 AM to 6 PM on weekdays and 10 AM to 5 PM on Saturdays. We suggest you begin the process closer to our opening if you wish to receive your funds on the same day.

Typically, loans transacted before 12 PM will be funded on the same day, while those after 12 PM likely won’t reach you until the next business day. If you wish to get your funds on the same day, get an early start to ensure you receive your emergency cash when you need it.

Get Idaho Title Loans – Borrow Up To $15,000 Today!

You can get fast approval title loans in Idaho from us at Idaho Title Loans, Inc. While every process duration differs on a case-by-case basis, you can expect to receive your money within one business day. You won't have to deal with long-winded processes, as the in-person portion lasts just half an hour.

Ready to get quick approval title loans? Submit an online title loan form, and we will call you soon to explain the process. Visit one of our Idaho stores to get title loans in less than 30 minutes!

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