Fast Cash Title Loan Requirements:
If you are looking for a title loan, there are a few things that you’ll need to bring in order to get your money. Providing the minimum requirements is the first step to getting your loan, so make sure to have all of the following items when you hand over your vehicle.
What You’ll Need
- Clear Title
- Proof of Current Nevada Registration and Insurance
- Current Nevada State Driver’s License
- Income – Most Current Pay Stub or 30 day bank statement
- Proof of Residence – Current Utility Bill
- Three References with Telephone Numbers, one relative.
- Duplicate Key (not required but preferred)
Paying Back A Title Loan
Title Loan is a 30-day contract and there are 3 ways a customer can pay the loan upon the due date:
- Pay the interest only and renew the loan for another 30 days. Please note that a customer one can renew the loan a maximum of 6 times, then the loan must be paid in full. Thus, by the 7th month the loan must be paid in full.
- Pay the loan in full, customer is done with the loan and the title is immediately released back to the customer.
- Pay the interest amount due and part of the principal amount and extend the loan for another 30 days. This is how a customer can pay down the loan, so that there is no large “balloon payment” after the 6th renewal or 7th month as mentioned above
