Quick short-term loans are personal loans that are usually used for emergency expenses. Unlike long-term loans such as mortgages — or any bigger, planned purchases paid off over several years — short term loans are usually made with little notice and paid off within a small timeframe. That’s why it can be challenging to find quick short term loans you can trust. You may only have a few days to raise money, which doesn’t leave much time to find a reputable lender or explore the process. 

We can make your life a lot easier when you come to Fast Auto Loans, Inc. for one of the two types of personal loans we offer. Regardless of which loan you choose, we’ve made sure that the process is simple! In this article, you’ll find what you need to know about the two loans we offer you in Arizona, so you can compare options and immediately apply for the loan you think is best for you and your specific situation.

Learn About The Two Types Of Short Term Loans

There are two general kinds of loans: unsecured loans which don’t require you to put up anything as collateral, or secured loans where you provide collateral to secure the loan. A secured loan is generally better for people with poor credit. Since you are providing collateral, your financial circumstances and credit history are not as important. That makes it easier to apply for a loan. You don’t have to provide proof of income, employment, or bank statements – just the collateral.

When it comes to us at Fast Auto Loans, Inc., we offer you two types of secured loans for you to choose from. You can either get car title loans and use your vehicle’s lien-free title as collateral, or you can get vehicle registration loans and use your vehicle’s registration as collateral. Keep reading to learn the major differences between these two loans, such as their terms, fee and interest rates, monthly payments, loan amount, and the process you will have to go through with each emergency loan option.

What Is a Car Title Loans?

When it comes to car title loans, you use your vehicle title to secure your loan. During the loan, a lien or legal claim is temporarily placed on the title. You won’t be able to sell your car or use it to get another loan, but you can still drive it whenever you want – especially since we are not keeping your vehicle while you repay the loan. Among all the emergency short-term loans, car title loans have a high loan limit. You can borrow a minimum of $300 up to as much as $15,000 as a maximum from us.

We determine how much you can get based on your vehicle’s condition and resale value. This means we will inspect your vehicle and look at things like the model, age, mileage, and overall condition. So, if you are facing large emergency expenses, this may be a good option for you. To qualify for car title loans, the title must be in your name and be lien-free, i.e. no other person or organization has any legal claim or court judgment against it.

Because of this, you must already own the vehicle outright and have fully paid off any car loans. Otherwise, the bank still has a lien on the title. If your title meets those requirements, you are already a good candidate for car title loans. To complete the process, you just need to show your driver’s license or your valid state-issued ID with your photo, your title, and your car for a vehicle inspection to find the loan amount that you can get. If you are concerned about qualifying with bad credit, all credit types are welcome to apply. While we cannot guarantee these loans to be no credit check loans, we can tell you that approval is not based on credit, like traditional banking institutions, we consider the collateral you are providing and your ability to make payments on the funds you borrow.

What Is a Registration Loans

If you are still paying off your car loan, you can get a registration loan instead. This is one of the more unique quick short term loans, and is only available in Arizona. You use your vehicle registration as security instead of your title. You can borrow up to $900 in emergency loans and can keep using your car while you’re paying off the loan. To apply for vehicle registration loans, you have to present an Arizona vehicle registration, a valid ID, and your social security number. You also need to have a personal active checking account.

How to Apply for a Short-Term Loan in Arizona

Fast Auto Loans, Inc. wants to make sure this is a convenient process for you no matter which loan you choose! We know that your time is valuable, this is why we do not make you wait, and we try to remove any possible cause of delay. For example, you don’t need to call a hotline or go to a store just to ask about quick short term loans or to start the process for either loan. Instead, that happens right on our secure website!

Just use the inquiry form on our website to request a call from one of our loan representatives. They will promptly reach out to you to personally walk you through the different loans. For car title loans, you can choose between setting an appointment at the store (we have locations all across Arizona) or asking the representative to meet up with you at your chosen place and time. You never have to deal with long lines!

Registration loans must be processed at the store, but rest assured that it will be a fast and simple trip! Plus, we will not have to inspect your vehicle before we can tell you if you qualify for same-day approval. Do keep in mind that these loans are not no credit check loans, we may need to run a quick credit check. It takes us around 30 minutes to review your documents for either personal loan. You’ll be told right away if you’re approved, and how much you can borrow with this term loan.

Why Choose Fast Auto Loans, Inc.?

Our loan representatives will personally assist you through every step of the loan process, so you will never be confused about the requirements or the next step. Though we have an online inquiry form, you’re not talking to a chatbot. And when you go to the branch, you will be greeted by a friendly loan representative. And if your loan is approved, you get the money either that day or on the next business day. So, if you need quick, emergency short term loans, then Fast Auto Loans, Inc. is here for you.

Get Same-Day Approval Today For Fast Cash Arizona Loans!

If you need quick money for emergency expenses, we here at Fast Auto Loans, inc. are here to help you out. Whether you want car title loans or vehicle registration loans, you can get the quick cash you need.

So don’t hesitate anymore to choose the loan for you and begin the simple process. It will only take a few minutes to fill out the secure application form online. Inquire now and you’ll be on your way to getting your quick short-term personal 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.