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About LoanMart Reviews
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.
Pros & Cons
- Get approved in less than an hour
- Get funds in as little as a day
- Good credit isn’t required
- High interest rates
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.
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 review
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...Read full review
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 36% to 99%, 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
- MoneyGram (only at participating locations)
Is LoanMart available near me?
LoanMart is available in the following states:
- New Mexico
- South Carolina
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
- MoneyGram (only at participating locations)
LoanMart also gives borrowers several ways to pay back loans, including:
- Mailing certified funds or a check
- Paying by phone
- Online payments (one-time or automatic)
- Using the LoanMart app
- In person at a LoanMart location
- Cash payment via PayNearMe 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.
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Reviewed Aug. 17, 2023
It was a very smooth process with LoanMart and the people were nice and very professional. Everybody seemed to know what was going on. I reapplied for a loan after three months. They let me get another one for paying on time. I like the way they operate and I recommended them to my family members.
Thank you for the 5 star review! We’re happy to hear that you had a positive experience with us. Thanks for your business and referral.
Reviewed Aug. 8, 2023
I had a good experience with LoanMart. They explained what the process was and how to do the title. The whole process the first time took a day. After that, my refinance was within an hour. They're a good company to go through when you need to use it. At first, I was iffy, but the reviews that I read before were people complaining about not paying or getting a payment late. I knew that wouldn't be my problem, so I overlooked it. I was glad I did because I've never had a problem with getting the payment in and setting it up online. It was simple.
Reviewed Sept. 7, 2023
I needed some extra cash to move into a different place. I liked that I could do everything online with LoanMart and I didn't have to go into an office. The process was very easy and it only took a couple of hours. You talk to a representative about your needs so you can get preapproved. And then you talk to a loan officer to finalize any loans. They send you the paperwork and you sign electronically. They send you three options to get your money. All of them have been really positive, polite, and nice. They were always really patient with me when I asked questions.
Overall, the experience was very quick and easy. There was no pressure at all. Sometimes, when you're dealing with loan officers, they put a lot of pressure on you. But LoanMart was very considerate. Every once in a while, they will send you an opportunity to get more cash if you need it, which is nice. They let you know instead of having you see if you can get more.
Thank you for taking the time to share your experience, Shaun. We are happy to have been able to assist you with your financial needs. We look forward to being your financial resource again in the future. Thanks again for the positive review!
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Reviewed April 16, 2023
The first rep was a gentleman. He was a loan officer, and he told me what I needed to submit and that they sent me this website that I had to submit my documents, and I submitted them. He made everything nice and simple. He was off the next day, so a lady who covered for him called me and said that I had to FedEx everything by a certain time. I did that, and everything was done. It was quick.
I had a situation where my money wasn't deposited immediately. The voided check had my account number, but there were two dots in between three numbers, so they misentered my bank information. They told me that if I submitted my paperwork by 12:30, my time, I would have the money deposited that night. But because there was a typo in entering my account number, I didn't get the money for four days. That was because they sent the money to the bank, but the bank had to reject it, because they didn't enter in my account number correctly. That took them three days for that. But the gentleman that I talked to was on top of it and took care of everything for me. Whenever I emailed him, he responded immediately. And when I told him I had problems getting my stuff deposited, he took care of it for me. It was a pleasure dealing with LoanMart.
Thanks for the 5 star review! We're happy to hear that you had a positive experience with us. We have worked hard to establish an outstanding reputation for quality service. We apologize that the process took longer than you would have liked. Thanks again for the positive review!
Reviewed March 23, 2023
Loanmart's system does not make it very easy if you don't fit their mold as far as providing documentation. They did not give any opportunity when uploading things to explain anything. It was just, "Upload the documents, and then we're going to reject them three or four times until you call." One time, they explained that they were looking for a different document, even though there are two of them that get filed in a tax return. So, that was fun. "No, we don't want that Schedule K. We want the other Schedule K." The instructions just say, "Upload Schedule K." Once we called, they were able to figure out what we needed to send them then they were able to add some notes to the account.
Most of our stuff was done online, but any conversation I had with the reps was very professional. I had to call the phone number and ask them how we were supposed to provide something that didn't exist. If you are not a business owner, I'm sure that the process is simple. Go have at it. If you're a business owner, get ready for a lot of back and forth. That's gonna be true with any company though.
Thank you for taking the time to share your experience, Cary. We’re sorry to hear that the loan process was a bit cumbersome for you. We appreciate your patience during the loan process and are sorry the process was not as smooth as it should have been. We truly appreciate your business and look forward to servicing you again.
Reviewed March 9, 2023
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.
Reviewed Jan. 26, 2023
I like the monthly low payment with LoanMart. They also tend to pay more. They search your title and how to get things off your credit. It wasn't like they were trying to rip me off. When you talk to them, you're not talking to a robot or a machine. You're talking to somebody that's in America and understands. They sit on the phone with you when you get the loan. They did a budget with me and talked to me about the loan, what I was getting it for, and the benefit of paying it back. They also told me if I pay extra every month, I can get the payments down lower. They worked with me. We came up with a budget and on how to pay it back on short term and save with interest payments. If ever in emergency, I would go to them. I've been extremely satisfied.
Thank you for the 5 star review! It’s always great to get positive feedback, and we are happy to hear you were 100% satisfied with the loan process. We have worked hard to establish an outstanding reputation for quality service. We look forward to being your financial resource again in the future.
Reviewed Sept. 27, 2023
Applying thru LoanMart was very easy and it was completed within 24 hours. Then, the funds came in less than 48 hours. The rep who helped me was awesome and she explained things to me. This is my first time ever applying for a title loan so I had a lot of questions. She answered them and I was comfortable with her answers. Also, they had me take photographs, so I took them. I had to submit my title then there was a form I had to print out and sign.
We appreciate you taking the time to review your experience with ChoiceCash. We’re happy to hear that you had a positive experience with us. We have worked hard to establish an outstanding reputation for quality service. We look forward to assisting you again in the future.
Reviewed Sept. 16, 2023
The application process with LoanMart took time but it wasn’t that much and getting the funds took no time. I had to go to Lafayette and turn in my paper to FedEx. And everything was good. The reps were nice and looked forward to helping me.
Reviewed Aug. 9, 2023
The lending process at LoanMart was easy and fast. I just answered questions online and then called them. The only problem that I had was, finalizing it on a Saturday and they had sent it at 7 o'clock at night. I was already at work. So when I got up Sunday to do the document part of it, it was already expired 'cause they only left it for a couple of hours. And they didn't let me know that. But first thing Monday morning, it was all taken care of. I went and got my money Monday night. It wasn't really a big deal. The rep I worked with was great. Called me when she said she was gonna call me and took care of everything. I'd recommend LoanMart. Even over the weekend, I still had my money in 48 hours.
Reviewed Aug. 8, 2023
I got an auto loan from LoanMart. I did it online. I filled out the form and sent it in. The rates were extremely high. But that was part of that type of loan.
Reviewed Aug. 5, 2023
The rep was nice and polite. LoanMart had a lot of paperwork but the process took less than a day. It’s a good company to work with and they helped me in many ways. I wish they could lower the interest rate, though.
Thank you for the 5 star review. We are happy to have been able to assist you with your financial needs. We have worked hard to establish an outstanding reputation for quality service. We truly appreciate your business and look forward to serving you again.
LoanMart (formerly 800loanmart.com) Company Information
- Social media:
- Company Name:
- Company Type:
- Year Founded:
- PO Box 8075
- Van Nuys
- Postal Code:
- United States