If you’re still making payments on your car, then you aren’t able to get title loans when you have emergency expenses. However, the good news is you can still consider registration loans in Mesa, AZ, as an option for quick money. Car registration loans let you use your vehicle registration to borrow emergency cash during a financial crisis.

In this guide from Fast Auto Loans, Inc., we will explain what registration loans are and what you need to get approved. We will also explain how to get registration loans in Mesa, AZ.

What Is A Registration Loan?

Registration loans are secured loans that allow borrowers to use their car registration as collateral. When borrowing money using your car registration, you can borrow up to $900, which you can use to pay for financial emergencies like medical bills, emergency travel costs, and auto repairs.

This loan can help when you are still paying off your car and cannot use its title to secure a title loan. While you will have to borrow less money, it is still a great way to get quick access to cash when facing urgent expenses.

What Are The Requirements For Car Registration Loans In Mesa, AZ?

Are you interested in car registration loans in Mesa, AZ? Thankfully, you only need to meet a few minimal requirements to get approved with Fast Auto Loans, Inc. Getting approved with us is fast and easy because you can have these requirements checked the same day you apply, allowing you to get your emergency cash by the next business day.

The following are the required items needed for fast registration loans in Arizona:

1. Your Driver’s License

The first thing you’ll need to get registration loans in Mesa, AZ, is your driver’s license. This is used to verify your identity and prove you are above 18 years old. It’s an Arizona law that borrowers of emergency cash loans must be a legal adult to borrow money, as that can establish a baseline of financial literacy to handle repayment.

If you do not have a driver’s license, you can use a state-issued photo ID to verify your identity and age. This can include a state ID card, US passport, or US military card.

2. Motor Vehicle Registration In Your Name

The most critical item you need for car registration loan approval in Mesa, Arizona, is a registration. It’s in the name; borrowers must have a valid registration attached to a car to get approved for this type of loan. During the approval process, we will review its legitimacy and that it is connected to a vehicle registered in Arizona.

Remember, the vehicle registration must be in your name. You cannot use someone else’s registration for your loan.

3. An Active Checking Account In Your Name

Borrowers of fast registration loans in Arizona must also prove that they have an active checking account in their name. Your checking account will help to demonstrate that you have the ability to repay the registration loan and have a stable financial situation.

We use direct deposit to get you your registration loan money, so you must prove that you have a checking account. It also helps us set up repayment. Just like your registration, your checking account must be in your name to get approved for a registration loan.

4. A Valid Social Security Number

The last thing you’ll need to get approved for car registration loans is a social security number. We will need to use this to do a soft credit inquiry to assess your current financial situation. While you will not get denied with bad credit, it will determine how much you can borrow.

The maximum amount you can borrow is $900, but those with bad credit will likely get approved for less than that. We will only lend out what we feel you are able to repay.

When Should You Apply For Registration Loans In Mesa, AZ?

When it comes to this loan, you should never use it for frivolous things like shopping sprees or vacations. You may consider fast registration loans in Mesa, AZ when you’re faced with a situation you can’t handle financially by yourself. Any situation where not paying the bill would lead to more expense or further complications is a good time to consider car registration loans.

The following are some financial emergencies you can pay with a registration loan:

• Overdue bills (rent, mortgage, or utilities)
• Medical bills (surgery, hospitalization, medication, etc.)
• Unexpected travel costs
• Home or auto repairs
• Veterinarian bills

Car registration loans should only be for financial emergencies, not luxury purchases. For example, it would be inappropriate to help buy a new car with a registration loan if you don’t need it. However, if you suffer a car accident at the intersection of Dobson Road and University Drive, a registration loan can help pay for repairing auto damage.

How To Get Registration Loans In Mesa, AZ

It’s easy to get vehicle registration loans in Arizona with Fast Auto Loans, Inc. Our approval process only takes a few steps, with many borrowers getting approved in less than 30 minutes. First-time borrowers will need to come to our Mesa, AZ, store location, but our loan representative will make sure to help you get approved quickly to allow you to not have to change your entire schedule.

The following is how to get registration loans:

• Submit your basic information through our online inquiry form
• Speak to a loan agent on the phone
• Ask questions about registration loan terms, requirements, and the process
• Bring your required items to our Mesa store location
• Allow the loan associate to verify your required items
• Sign loan paperwork to complete the process
• Receive your registration loan cash the same day or the next business day

Apply For Registration Loans In Mesa, AZ – Borrow Up to $900 Today!

Now that you understand how to get registration loans, you can begin the simple process with Fast Auto Loans, Inc. As mentioned above, we have only a few minimal requirements and steps you need to complete to gain loan approval. We keep the process straightforward and fast to allow borrowers in urgent need of financial assistance to get it ASAP.

If you’re looking for fast registration loans in Arizona, start with us today by filling out our online form today. One of our loan representatives will call you to discuss the next steps and how you can get same-day approval for car registration loans.

 

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