Personal Loan FAQs

Do I Need An Appointment?

No appointment is needed. You can also apply online.

Do I Need a Certificate of Title For a Personal Loan?

No Title is needed, only a vehicle registration (need not be current)

Do you Need to See My Motor Vehicle For a Personal Loan?


What If I Have Bad Credit?

Your credit history is not an important part of our customer evaluation.

What Is the Interest Rate?

For questions about interest rates, please contact a Tio Rico's representative.

What Is the Minimum and Maximum Personal Loan Amount?

$100 to $1,000

How Long Does It Take To Get My Money?

In most cases, 30 minutes or less

What If I Am Not Currently Employed, Self-Employed Or Do Not Receive A Regular Paycheck?

We may still be able to help you, just call us to discuss your options.

How Are My Loan Funds Issued?

We give you a check from a local bank and offer to cash the check for you.

What If I Become Late On My Payment?

It is very important to keep in communication with the Tio Rico Loan Center that made your loan to discuss ways we can help you.

What If I Live With Someone Else?

That is acceptable, just bring recent mail received at your current place of residence with your name on it.

Do The Tio Rico Loan Centers Have a Drop Box?

Yes, but they are located inside and are only accessible during business hours.

What Type of Payment Can Be Made In A Drop Box?

No Cash, only personal check, cashiers check, or money order.

What If I Am Not Able To Pay Off My Loan By The End Of My Contract?

We will work with you, just call us to discuss ways we can help you.

What Will My Payment Schedule Be?

Your payment schedule can be bi-weekly, semi-monthly, or monthly.

How Long is the Loan?

The length of the loan depends on your payment schedule.

Can I Make My Payment After Hours?

Yes, you can either make your payment in the outside drop box at your Loan Center location. After hours payments will be credited to your account the next business day.

Do I Need Insurance?

No insurance is required.

What is a Secured Loan vs. Unsecured Loan?

What are the pros and cons of secured loans versus unsecured loans? First, you’ve got to know which is which. Then, the loan experts of Tio Rico Te Ayuda can help you determine which type of borrowed cash is right for your situation.

Secured Loans - Think of it this way—if you don’t repay the borrowed money, you will forfeit some valuable asset, such as your home or automobile. Secured loans are for larger sums of money, usually towards a major purchase. Collateral is required. In most cases, the interest rates are lower, the repayment terms are longer and the borrowed amount is higher.

Unsecured Loans - Your financial standing (credit score, bank account balance etc) determines if a lender will approve you for an unsecured loan. This loan type is ideal for short term loans and comparatively low amount personal loans. Payday loans or cash loans are good examples of unsecured loans. In many cases, lenders will approve loans even if you have poor or no credit, depending on the amount you need and how long it will take you to pay the borrowed cash back. Interest rates are usually significantly higher, and repayment terms shorter, based on the fact that the lender has no collateral to guarantee repayment.

Choose My Tio Rico for Your Personal Loan

Why Choose My Tio Rico?

  • Loan approval in 30 minutes or under
  • Flexible payment plans (bi-weekly, semi-monthly, or monthly)
  • No insurance required in most cases
  • Fourteen locations around Phoenix, Glendale and Mesa