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LoanMart
AUTHORIZED PARTNER

LoanMart

formerly 800loanmart.com

 4.5/5 (69 ratings)
  • 5 stars
  • 4 stars
  • 3 stars
  • 2 stars
  • 1 stars
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LoanMart

About LoanMart

LoanMart connects consumers with the cash they need through several options, including car title loans. Credit issues aren’t a problem. Customers can apply in minutes and get their cash in just hours. Contact LoanMart to see your borrowing options and full disclosures.

Overall Satisfaction Rating

  • 5 stars
  • 4 stars
  • 3 stars
  • 2 stars
  • 1 stars

Pros

  • Get approved in less than an hour
  • Get funds in as little as a day
  • Good credit isn’t required

Cons

  • High interest rates

Bottom Line

LoanMart offers car title loans to residents in 8 states. A good credit score isn’t required for approval, and you can receive funds in as little as 24 hours.

Top LoanMart Reviews

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Rated with 5 stars
Verified

LoanMart seemed to be straightforward, and their application process was short and straight to the point. The whole process took about four to five hours. The representatives were...

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Rated with 5 stars
Verified

Angelica provided excellent service! I will do business with you guys again should I need your service. The process was seamless and complete.. Please let Angelica know that she d...

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How does getting a LoanMart title loan work?

To get a title loan from LoanMart, apply on its website, over the phone or in a store. It’s free to apply, and you receive a loan decision with the amount you’re eligible to borrow within an hour.

LoanMart’s title loans are secured loans, which means the company uses your vehicle’s equity as collateral for your loan. You keep your car while you’re paying off the loan. A good credit score isn’t required to apply for or receive a loan from LoanMart. Interest rates range from 60% to 222%, depending on your contract. You need the following information to apply for LoanMart’s title loan program:

  • A car title registered in your name
  • Your government-issued ID
  • Proof of income
  • Proof of residence

If you need assistance during the application process, LoanMart’s loan specialists are available to help. To submit the necessary title loan documents, you can fax, email or even send a picture from your phone.

LoanMart payment options

Once you’ve submitted your documents, sign the loan contract and choose how you want to receive your funds. Your options include:

  • Electronic transfer
  • Check
  • MoneyGram (only at participating locations)

LoanMart FAQ

Is LoanMart available near me?
LoanMart is available in the following states:
  • Arizona
  • Alabama
  • California
  • Georgia
  • Missouri
  • New Mexico
  • South Carolina
  • Utah
Does LoanMart do personal loans?
LoanMart does not offer personal loans. Personal loan amounts are typically decided based on your credit score, while title loan amounts depend on the value of your car.

With LoanMart, your eligibility for a title loan isn’t dependent on your credit score, which makes these loans easier for people with poor credit histories to obtain.

Does LoanMart do payday loans?
No, LoanMart doesn’t do payday loans. Payday loans are typically for a smaller amount and have a quick payment turnaround, whereas title loans are for larger amounts with longer payment plan options.
How do I contact LoanMart?
You can contact LoanMart by calling its customer service telephone number or live chatting with a loan specialist on its website.
Are there multiple LoanMart payment options?
You can receive your funds from LoanMart in any of the following ways:
  • Electronic transfer
  • Check
  • MoneyGram (only at participating locations)

Is LoanMart legit?

LoanMart offers legit title loans that are easy to qualify for, but its services are only available in eight states and interest rates on its loans can be high. The company's simple application process and quick fund disbursement make it ideal for those who need cash for emergencies and are confident they can pay back the loan. If you’re searching for a title loan company, visit its website to see if its services are right for you.

LoanMart Reviews

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2 featured reviews
How do I know I can trust these reviews about LoanMart?
How do I know I can trust these reviews about LoanMart?
  • 3,432,734 reviews on ConsumerAffairs are verified.
  • We require contact information to ensure our reviewers are real.
  • We use intelligent software that helps us maintain the integrity of reviews.
  • Our moderators read all reviews to verify quality and helpfulness.

For more information about reviews on ConsumerAffairs.com please visit our FAQ.

Page 1 Reviews 0 - 5
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: April 28, 2021

The LoanMart agent went through the questions with me to make sure everything was okay and I qualified for the loan. I was given the approval then I was requested to send some documents. My vehicle title was one of them, but I misplaced it, so I followed up with them and told them that. They said that I had to call the local county and request a new one. I did that, but I was told that it could take a month. I called the first agent and said, "Hey, this is gonna take a month. I think I'll have my situation figured out by then, so I don't think it's necessary that I get this loan." He said, "Okay. Take care." That was the end of it.

I got a call a few days later giving me the status of my application. I told the guy that I was talking to, "I just spoke with the representative earlier and told him that I misplaced my title. He told me to go down to the county and request a new one. That could take a month before I can send it to you, which I don't wanna go through that whole process." He then gave me the option of going down to the county and putting down LoanMart as a lienholder of my title.

I ended up doing that, and everything worked out. I was able to get the money in two days. However, I wasn't given that option with the first representative and the one option he gave didn't work for me. If I was aware of the second option, I would have definitely took it, because once it's printed, it's updated in the system within 24 to 48 hours, and I could go for the loan. Other than that, it's been a great experience.

LoanMart response

Thank you for sharing your feedback Nyanyak. Our apologies for any miscommunication and thank you for bringing this to our attention.

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    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: Feb. 22, 2021

    I did two loans with LoanMart. The first one went great. The second one went great too. We got a little bit higher limit this time, and everybody's been more than gracious. Everything was done in a timely fashion. The second time around, it went even quicker because I was already in the system and already had good history with LoanMart. I don't like the interest rate though. On the last loan, I probably paid on it for about four months. I'm self-employed, so I used the money for a project. Then when I got paid, I paid it straight out. I wasn't really happy because I paid on it for a good four months, and the balance never went down. I don't really like how that works. I was explained that it was a very simple interest loan. Whatever was explained to me the first time wasn't exactly how it went. So now that I know what I'm in for, I'm going to be even more quick and apt to get the loan paid off in full.

    LoanMart response

    Thank you for sharing your feedback Marcos. Our apologies for any miscommunication and thank you for bringing this to our attention. We truly appreciate your business and look forward to serving you again.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Jan. 9, 2021

    I needed money for my business to keep it going. I have a Jeep Wrangler and I needed someone to give me quick answers. LoanMart didn't try to talk a bunch of nonsense to me. The person I dealt with gave me quick answers and we got off the phone. He then called back when he needed to. It was to the point. The process for my title loan was pretty easy. It was all online, except the final documents that had to be signed. That was probably the most irritating thing because I couldn’t DocuSign it. I was at work doing it during the day and I didn't have a printer with me. I had to keep running to a FedEx or a print or copy place and had them print documents really quickly then sign then send them.

    I sent the information in and the initial guy I dealt with was supposed to send me something. I couldn’t get back in touch with him and I never got the thing so I called back in and got a different guy. He sent the thing to me. I ended up doing the final stuff with this guy. Both guys were great and they helped me out very quickly. LoanMart was very pleasant and I enjoyed the conversation with them. The process wasn’t long and a hassle.

    LoanMart response

    Thank you for sharing your experience Tiffany. We are happy to have been able to assist you during your financial needs.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 28, 2020

    LoanMart helped me and my family. Last year they got me through the holidays with my children and we had good holidays. They came in handy when I needed them. So I went to them again. I knew I could depend on them like I did last time. The loan process wasn't long. It just took a day for everything and I'd probably pay them off early again after the holidays were over.

    The people from LoanMart that I've talked to are always friendly, courteous and professional. I had a little issue last time and they gave me a little bit more time until I was able to pay it. The only thing that I have issues with is with whomever it is that we have to mail the title off to, they’re only open certain hours. But the LoanMart process was easy. I was at work trying to handle stuff and I had to keep putting them on hold ‘cause I was getting work phone calls. But they were very patient. Some people won't hold like that. If I shall need them again in the future after this, I’ll use them again. If my friends and family needed all the information to get started with LoanMart, I will pass it along.

    LoanMart response

    Thank you for taking the time to share your experience Tanesha. We have worked hard to establish an outstanding reputation for quality service and credits our dedicated employees to our success.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Oct. 27, 2020

    I do business with ACE Cash Express, and I asked about LoanMart through there. They told me who LoanMart was and what exactly they did. After I heard of the way they helped people knock their principals down the way they do, I was enticed quite a bit, so I took advantage of it. The application process was simple and easy. If I'd had everything right the first time, it would’ve taken about a couple hours, but it took me at least four hours to get it all straightened out right. Once I got to know the particulars as to how the application worked and what meant what, it made sense to me, so it was more understandable for me.

    For the most part, it was figuring out quickly exactly how I was gonna send whatever I had to send and how the application worked. How the documents were loaded on the app was the biggest hang-up, but once I got the hang of it, it went through the way it was supposed to. LoanMart made quite a bit of an impact for me. It made it convenient for me to help me out when I needed the title loan. It's a lifesaver if you can afford what they're offering. For the most part, it has helped me quite a bit financially right now during these dark times.

    LoanMart response

    Thank you for taking the time to share your experience Francisco. We have worked hard to establish an outstanding reputation for quality service and credits our dedicated employees to our success.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Sept. 29, 2021

    It only took me a day to get a loan go through.

    LoanMart response

    Thank you for sharing your experience Ceaira. We are happy to have been able to assist you during your financial needs.

    Be the first one to find this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: Aug. 11, 2021

    This has been nothing but an absolute headache. They claim if you submit your documents by four you’ll get your funding the same day. I am now on day 3 of this application process because my loan officer Luis decided he didn’t want to tell me he needed additional documents. I only found out when I called and his coworker told me what further steps I needed to take. Not only that, but apparently he wrote in his notes I didn’t upload all the required pictures but when this coworker merely glanced at my documents he noticed they were all there. I’ve called several times today and he he has been nothing but rude and unhelpful. I tried to calmly explain my concerns and he raised his voice, refused to listen, and talked over me every time. Save yourself the hassle and the headache and choose literally any other loan.

    LoanMart response

    Thank you for taking the time to share your experience with Wheels Financial Group, LLC dba LoanMart (“LoanMart”). LoanMart takes pride treating every customer with excellent personal service and is sorry to hear that you are unhappy with the level of service provided to you. Your concerns are being reviewed; a detailed response will be mailed to you to the address on file. If you have any questions, please contact compliance@loanmart.com.

    3 people found this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Aug. 10, 2021

    The application was pretty easy. I thought it was going to take forever to get everything done and taken care of but it only took 45 minutes total. Every representative that I had talked to there handled everything perfectly. Also, everything was self-explanatory when you pull up their website. They had everything noted ahead of time - what you're gonna be needing to be able to do the application.

    LoanMart response

    Thank you for sharing your experience Robert. We are happy to have been able to assist you during your financial needs.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: July 29, 2021

    My title loan process only took two or three hours although it has more paperwork to it because I just got paid off the title and I hadn't had a chance to get the lien off that was on it before so I had to send pictures of the lien releases and those were a lot. Everything was handled the way it was supposed to. LoanMart is the place to go to get a title loan for your car to get extra money, as long as your car’s got a good Blue Book value on it. I would recommend any of my friends that needed to do a title loan as long as they could go online.

    LoanMart response

    Thank you for sharing your experience William. We are happy to have been able to assist you during your financial needs.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: July 28, 2021

    The process was straightforward. It was just basic questions and simple credit verification like if we did have a car, my pink slip, banking information, my job status. I was done in 30 minutes. The representatives called back every five minutes trying to check in on me. They really helped me a lot.

    LoanMart response

    Thank you for sharing your experience David. We are happy to have been able to assist you during your financial needs.

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    LoanMart (formerly 800loanmart.com) Company Information

    Social media:
    Company Name:
    LoanMart
    Company Type:
    Private
    Year Founded:
    2001
    Address:
    PO Box 8075
    City:
    Van Nuys
    State/Province:
    CA
    Postal Code:
    91409
    Country:
    United States
    Website:
    www.800loanmart.com