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Financial emergencies can easily throw a monkey wrench into your everyday routine, especially if you haven't saved up much money for an emergency fund yet. It's even worse if you've had some financial issues in the past that have left you with a bad credit score, because then there won't be much in the way of financing options available. But it's not all bad news, because here at Malden Financial, we provide title loans San Antonio, a convenient fast cash solution. All you need is a car to get one of these loans, which means there's no need to worry about your credit score or your income.
One of the reasons title loans appeal to people in need is because of the application process. It doesn't take much time to apply, approval happens quickly, approval rates are high and you get your money as soon as you're approved. But we still wanted to make the application process even more convenient, and that's what led to us developing our online title loans San Antonio application. To get to the application from the Malden Financialwebsite, simply click Apply towards the top of the page. The application form itself has only two parts, which cover the following:
- Details regarding your vehicle, including the model year, make, model and its mileage range
- Contact information for you, including your full name, a phone number where you can be reached, an email address and your current ZIP code
For the vehicle info, you can make all those selections using dropdown menus. The contact information you'll need to type in. After that, there are just two boxes to check before you can submit the application to us. We use the information you provided to get the loan preapproved and calculate a quote, giving you an idea of the amount you could borrow. We also tell a friendly Malden Financial rep to call you back and assist you as you obtain your car title loan.
You'll obviously need to visit our office to pick up your title loan, and when you do, there are only three things you'll need to have with you. The first is your ID to show us that you meet the age minimum of 18. The second is your car, as we need to see that it's in your possession and check out its condition. The third is your car title, which we hold on to until your loan is paid off.
About
Tired of searching for title loans San Antonio, only to see ads from title loan companies that are on the outskirts of the city or even in another area entirely? We get it, because that takes away much of the convenience of getting a title loan. Here at Malden Financial, we're happy to call the city of San Antonio home, which means you won't need to drive far to reach us.
Once you've arrived at our office, this is how you can expect the title loan process to go:
- Step one is having you fill out some paperwork. You can mention at this time if you already received preapproval on your loan through our online app.
- Step two is when we figure out how much money we can lend you. This is based on your car's current market value, which we calculate through a value guide and an inspection of it.
- Step three is issuing your loan, which we can do as soon as you've given us your car title.
With just about all our customers, the entire loan process is finished in well under one hour. You can come in, get your money and still have time to catch the Spurs game.
How it Works
A title loan is simply a loan where the borrower uses their car as collateral, but without the lender keeping the car during the loan's term. Instead, the lender has the title to the car, and they're legally able to send someone to repossess the car if the borrower defaults.
Repossession is a fairly rare occurrence with title loans San Antonio due to their flexible payment options. The best way to repay your title loan is to pay the full balance off by the due date at the end of the term. The usual term for a title loan, both in Texas and in most of the United States, is 30 days.
The other option, should you be unable to pay that full title loan amount when it's due, is to extend the loan. To do this, you must pay any interest and fees your title loan accumulated, but you can carry the entire loan principal over into another term. That new term will be the same length as the original term, and it incurs additional interest and fees.
Although you need to spend a little more on a loan extension, it's a simple, convenient way to get more time on paying back what you owe, and it helps you prevent repossession. Now, Texas has limited title loan terms to 180 days, and that's a maximum with any extensions. If you have a title loan for that long, you'll need to pay the full remaining balance.
Failing to make a title loan payment is considered a default. Texas doesn't require lenders to give you a minimum period of time to fix this, which means they could send somebody to repossess your car immediately. Stay in communication with your lender if you're having payment issues, that way they can extend your loan for you.
One of the best parts about title loans in Texas is the lack of a maximum loan amount, giving you the freedom to borrow as much as you need, assuming you have a car with sufficient value. The state also caps interest rates at just 10 percent, but there is the possibility of additional fees with your title loan.
9210 Greens Point, San Antonio, Texas 78250