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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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...
Read full reviewAngelica 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...
Read full reviewHow 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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During the application process with LoanMart, I called them and then, they emailed me. I told them all the information and they emailed a paper filled out with what we went over. I read it and hit sign. The first time I was with them, I had to sign my signature on my phone. Now, when it comes up, I'd touch it and it puts that same signature right there on it. So it works out perfectly. If you're approved, as soon as you get the paperwork sent back to them through the email or their document upload link and the documents are good, they release the money. Usually, it takes me to the next day. Because by the time I get my paperwork in, it's so late in the day. They did a direct deposit straight onto my debit card. The interest is a little high but if your payments are on time, it comes down $4 each month. LoanMart is helping me. I can't ask for better because no other place will loan me anything.
Thank you for the 5 star review! We are thrilled that we were able to help with your financial needs. It’s always great to get positive feedback, and we are happy to hear you were 100% satisfied with the loan process. We look forward to assisting you again in the future.
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The first person that I spoke with scared me off. He wanted to run my credit, so I said I didn't think my credit was bad, but he said he's seen people get loans with not that well of credit. "Let me see." When he ran it, he wanted to transfer me immediately to somebody else and gave some spiel. I thought it was a scam, but after that initial person, the lady that I dealt with to get the loan was wonderful. She knew I was having a hard time and that I wanted to get it done by the end of the day, because I was in a really tight corner. It was a little rough for me, because I didn't have a printer, but she got me through it. It got done by the end of the day, and I really appreciated it.
I had to do everything over the phone, and personally, I understood what LoanMart wanted me to come up with was very reasonable for what they were giving. They give a loan, so they want proof of income. I had direct deposit, and they were cool with a bank statement. They also wanted the title and pictures of the vehicle. You had to put the title in the package, and they pay for it, for you to go pick it up. They have you sign documents, but they trust you to put the title in there, take a picture of the receipt and still give you the payment. What they only want is you to send a picture of the receipt. It took hours, but it was easy and fairly reasonable and they did exactly what they said they were gonna do. So I appreciate LoanMart.
At first, I didn't know about LoanMart, 'cause they don't have an office here in Oregon, and I was really skeptical. I only said 2,000, and they were willing to give me up to almost $9,000 for my vehicle. I could've paid for a funeral with that. My vehicle is worth more, but if I was in a really terrible spot and I really needed some money, they will make it happen for me. I recommend LoanMart totally. I gotta make my first payment, even though I plan on paying them back faster, so I'm about to make a big payment to them. I recommend anybody in a tight spot to have a car title loan with them.
We appreciate you taking the time to review your experience with ChoiceCash. We appreciate your patience during the loan process and are sorry the process was not as smooth as it should have been. We’re glad we were able to help. Thanks again and we hope you’ll continue to choose ChoiceCash in the future.
LoanMart was easier to do. I didn't have to go find an office to get the loan. I didn't have to make sure the vehicle was taken to them. I could do everything over the phone and just fax things back and forth. But then things got complicated. It was just the process of getting all the information to them. It wasn't as easy as I thought it was at first. Initially, I just had to download or upload everything to them.
I had to have the title transferred from my boyfriend's name to my name and it was a lot of work after a while. I had to download insurance, the title, my driver's license, and some paperwork from the DMV. It was just back and forth, and back and forth. Also, there was a holiday so there was a four-day weekend. I didn't talk to them for four days. The loan got dropped and they told me I couldn't get a loan or I didn't have an application and I had to redo it. They said that if I didn't stay in communication with them within 24 to 48 hours, the loan is thrown out and I would be denied. I was pissed about that.
I had to start all over again and redo the whole thing, which means they had to check my credit all over again, which put another point against me. I wasn't really happy. It was supposed to be a 30-minute process. But it took me over two and a half weeks to get the loan. Now, I'm just trying to figure out a way to get the loan paid off so I can get rid of it. I'll never try and get a loan ever again. I would rather be in debt to a family member. LoanMart could've explained the whole process a lot better.
Thank you for providing feedback on your experience with LoanMart,Jaime. We’re sorry to hear that the loan process was a bit cumbersome for you. Our apologies for any miscommunication and thank you for bringing this to our attention. For further assistance, please contact us at compliance@loanmart.com so we can fully review and respond to you. Thanks again for sharing your feedback.
LoanMart seemed to be the most reputable company to go with as far as online options were concerned. The application process was pretty simple and smooth. They gave an online upload option that was secure to upload any documents. The rest of the information was done over the phone. The initial rep that I had sucked and he lacked communication. I spoke with him once and tried to reach out with additional questions but never heard back from him. I may have just had someone that was really busy. Anytime I called, they always said that he was with another client. I would have liked for him to at least acknowledge the emails that I had sent.
I ended up calling. The rep that was able to actually answer all of my questions was who I continued to work with. Everyone was knowledgeable. From beginning to end, the process took about 24 hours. That's partially my fault because they gave me information and I wanted to continue to do some more research before I decide to sign an agreement.
Thank you for providing feedback on your experience with ChoiceCash, Brittany. We appreciate your patience during the loan process and are sorry the process was not as smooth as it should have been.. Thanks again and we hope you’ll continue to choose ChoiceCash in the future.
I did the quick walkthrough. We were pre-approved. I said, “Okay. Let me see if I can make this work.” It was midnight and I didn't know what LoanMart's hours were. So, I waited until the next day. They called me. I said, “It's just I want to make sure this is going to work first.” They shocked me on their customer service Quick and honest. They made sure I understood the amount of money it would be a month. They worked with me.
We told the rep our situation. Because, at the time, I hadn't started work, but I had a contract for work. And she said, “Unfortunately, we wouldn’t have a loan for you, but you added your husband as a co-signer, we could.” And I specifically asked, “Would that change the rate or hidden fees or anything?” She said, “No. It’d be just exactly the same. I understand that’s the fear of a lot of people. It does not do anything other than just make it also reliable. Once you start getting paid, the payments go down every month, not drastically.” And I like that she told us that it didn’t go down drastically. So, the honesty was amazing with who we worked with. Also, she was very patient. I had to call my mom while we were on the phone with her to make sure that this wasn't a loan that we would get half-assed on. We settled.
Thank you for your 5 star review! We’re happy to hear that you had a positive experience with us. Thanks again for sharing your feedback.
I needed money and LoanMart was there for me. It’s was easy. They were very nice and always answered my questions very friendly. I would recommend them to my family and friends. Keep up the good work. This really help me in time of need.
Thank you for the 5 star review! We’re happy to hear that you had a positive experience with us. We are thrilled that we were able to help with your financial needs. We’re happy to help whenever you need us again!
I'm scared because I don't want them to say that they didn't receive my payment and take my car because that is on a lot of the reviews that they have about them. Also, one of the reps told me that I was just gonna be waiting for an email. But then, that rep calls me and tells me to sign the title of the Fedex the way it's supposed to be for them, send it in and I would be getting my loan that day. He never told me I was gonna have to wait until my title gets there. I didn't like the part where I was told the funds are gonna get put into my account the same day when they know and then they did not want to come to the phone. Other than that, I'm impressed because the reps were eager to help.
Thank you for providing feedback on your experience with ChoiceCash, Laticia. We appreciate your patience during the loan process and are sorry the process was not as smooth as it should have been. We look forward to being your financial resource again in the future.
The application process was very fast. They really helped you step by step. The only problem was having to go to Fedex and ship off the title. But other than that, everything was smooth.
Thank you for the 4 star review! We’re glad we were able to help. We truly appreciate your business and look forward to serving you again.
Applying for the title loan with LoanMart was easy. I applied and they got back to me and said I was approved. It took maybe a half hour to get all that done. They had to take pictures of the car but all-in-all, it didn't take long.
Thank you for the 5 star review! We are excited that we were able to assist you in a prompt manner. It’s always great to get positive feedback, and we are happy to hear you were 100% satisfied with the loan process. We look forward to assisting you again in the future.
I wanted to pay off my credit card. Loanmart did the process pretty quick. They were able to help me pay off my credit card debt. So it was pretty cool. But they got a real high interest rate. I plan on paying them off for like a month or so. The application process was fairly straightforward. You gotta take pictures of your car and make sure it's in good condition, and then also take pictures of the insurance. Then they will verify a few things and that was pretty much all I did to get my loan. For the most part, the reps did pretty good. The woman that I worked with was pretty straightforward about everything. Any questions I had, she got back to me fairly quick.
Thank you for taking the time to share your experience, Shaun. We’re happy to hear that you had a positive experience with us. We truly appreciate your business and look forward to serving you again.
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