If you are short on cash, you are probably considering all of your options for a loan.

However, you may be confused and asking yourself “How do car title loans work?” When you get a car title loan through VIP Finance of Texas, the answer is simple. As long as you own a vehicle with a free and clear title and meet our basic requirements, you can receive an immediate car title loan.

How to Start the Loan Process with VIP Finance of Texas

To get your car title loan application process started, schedule a vehicle inspection appointment with our company.

Your car needs to be in excellent working condition to ensure that we could sell it if you default on your loan. If we approve your request, you retain ownership of your vehicle until you repay the loan in full. Our company only puts a lien on the car to guarantee loan repayment. If you have an extra set of keys and a copy of the title, please bring them with you to this appointment.

Minimal Application Requirements

At VIP Finance of Texas, we don’t require loan applicants to have a perfect credit history. We understand that a financial crisis can happen to anyone, despite his or her best intentions.

All we ask is that you provide proof of your current income and residence.

After we have inspected your car and confirmed your information, we are ready to approve your loan. We can offer you a loan amount between $300 and $6,000.

The duration of your loan depends on how much money you borrow. You must repay a minimum of $100 per month.

Lower Interest Rates

Unfortunately, some car title loan companies have given the entire industry a bad name by charging interest rates as high as 300 percent.

We offer financing rates as low as six percent for up to 12 months of financing.

You won’t find a rate that good at most area banks, even if you do have good credit.

A car title loan with us is an attractive option that won’t leave you more broke than when you took out the loan in the first place. We never question why you need the money as we feel that is a personal matter.

We Return Your Car Title After You Pay the Loan

As soon as we receive your last payment, we cancel the lien on your vehicle and return your title. You are welcome to apply for another car title loan, but we don’t recommend that you depend on them for everyday expenses. Our company is registered to do business in Texas and we follow all applicable state and federal laws. When you need money in a hurry, bank loans and credit card applications won’t do.