Sometimes you need money quickly and do not have the time to save up or wait until the next payday. If you have a car registered in your name, then you have an option for getting the cash you need without a long wait. You can get a registration loan in Phoenix in as little as thirty minutes and leave with the money in hand. Learning a few basics about getting a registration loan will help you determine if it is the right option for you.
What is a registration loan?
A registration loan is a small loan – typically between $100 and $1,000 – that you can get if you have a car registered in your name. You can get a loan quickly (usually within 30 minutes) and choose one of three flexible payment options – weekly, bi-weekly, or monthly.
Anyone who has a car registered in their name – and meets a shortlist of other qualifications – can get a registration loan in Phoenix. The car does not have to be completely paid off for you to qualify for this type of loan. As long as the car is in your name then a registration loan is an option. This type of loan is unique to Arizona because it is not based on your credit score or having the title to a car like other types of loans.
What is required?
In order to get a registration loan in Arizona you need to meet the following criteria:
- Be 18 years or older
- Have a motor vehicle registered in your name
- Only need to borrow a small amount of money – $100-$1,000
- Have a government-issued identification such as a driver’s license
- Have a checking account and recent paystub from your employer
- Have a debit card
The entire process of gathering the information you need to apply and getting the loan is quick and simple.
If you need money quickly, a registration loan is a great option. Tio Rico is a loan center that offers flexible loan options – including registration loans – to people in the Phoenix area. Get in touch with the Tio Rico today to learn more.