If you are going through a personal emergency and need quick cash, people in Arizona can apply for a registration loan—even if they don’t have a bank account. A registration loan is a secured cash loan that uses your vehicle registration as collateral.

And the great news is, unlike auto title loans, you can still qualify for this loan type of up to $900 with Fast Auto Loans, Inc., even if you're still paying off your vehicle.

What Is A Registration Loan?

When it comes to finding out if you can qualify for registration loans in Arizona with us, there are certain things you should know. Following these tips on what you do and do not need can help you get through the fast cash loan Arizona process with ease. The quicker you can get through the process, the quicker our registration loan representative at Fast Auto Loans, Inc. can tell you if you are approved. So, follow these tips to make sure you are prepared.

You Do Need To Show Your Vehicle Registration

The most important requirement to qualify for registration loans in Arizona is motor vehicle registration under your name. Your Arizona registration is used as collateral for this loan, so you must have it with you. The way this loan works is we will place a lien on your registration while you make payment on the monthly installment throughout the life of the loan. As soon as you're finished paying off the loan, we remove the lien and your registration will be lien-free once again.

Do You Need a Checking Account for Registration Loans In Arizona?

You can’t find out if you qualify for these quick cash loans without having an active checking account in your name. This will allow us to look at your financial situation and be sure you can make your payments on time – if you are approved, of course. Likewise, we will also need to run a quick credit check to get a full look at your financial needs. These things allow us to determine if you qualify for approval and how much we can lend you.

You Do Need Your Driver’s License And Social Security Number

The last things you need to find out if you can qualify for a registration loan are your driver’s license and your social security number. We need these loan requirements to verify your identity and check your financial situation when you apply. This is why we require you to show us your driver’s license and social security number. If you do not have your driver’s license, you can use your state-issued photo ID instead. As long as you can prove you aren’t a minor and can show us your financial state, we will work with you.

You Don’t Need To Have A Vehicle Inspection

If you’ve ever gotten an Arizona title loan, you know that we have to inspect your vehicle before we can tell you if you qualify and how much we can lend you. However, when it comes to finding out if you qualify for a registration loan, you don’t have to do that. If you are approved for this no vehicle inspection loan, we will not have to check your vehicle to determine how much we can lend you. This is because we base your approval and how much we can lend you on your financial need and your credit.

You Don’t Have To Show Proof Of Income

The next thing you don’t have to worry about when you want to qualify for a registration loan is providing proof of income. Unlike banks that will ask for your income documents to verify your capacity to pay off a loan, we won’t. So even if you are currently unemployed at this time, you can still qualify for these quick cash loans. But while we don’t ask you for proof of your income, you should make sure you have a way to stick to the repayment schedule.

You Don’t Have To Provide Employment History

Just like we here at Fast Auto Loans, Inc. don’t ask for proof of income with this loan, that is also the case when it comes to employment history. To find out if you qualify for a registration loan, you don’t have to explain where you work. Again, as long as you have a way to pay off the loan, it doesn’t matter what kind of job you have, or even if you have non-employment sources of income like alimony.

Learn How To Get Through The Registration Loan Process

Once you know what you do and do not need to qualify for a registration loan, you can begin the process. The first thing you need to do to get started on these personal loans is to fill out the online form on our website so a representative from the nearest Fast Auto Loans, Inc. location can call you. They will go through the required items with you and help you book an appointment to complete the process. Then just grab your items and head over to the store.

One of our registration loan representatives will assess your items and run your credit to determine if you qualify for approval. If you’re approved for this no vehicle inspection loan, the representative will go over the loan terms, help you finish the paperwork, and answer your questions. If you’re okay with the terms, you just have to sign a few forms and you’re good to go. You can get the money either on the same day or the next bank business day.

Find Out If You Qualify For A Registration Loan!

With these tips, you should know by now what you do and do not need to find out if you qualify for a registration loan. If you have emergency expenses that need your immediate attention, don’t handle it alone. Come to Fast Auto Loans, Inc. to find out if you can get a registration loan.

Fill out the form for a registration loan online to start the process for your fast cash loan Arizona and get emergency money now. We will be happy to answer your questions and help you with the process. 

 

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