Q: How Fast can I get a Loan on my Vehicle?
A: In as little as 15 minutes.
Q: Do I get to drive my car with an Auto Pawn Loan or an Auto Title Loan?
A: With an Auto Title Loan, customers drive their vehicles while making payments to RPM Lenders during the term of the Loan. Auto Pawn Loan customers have their vehicle stored in our secure facility during the term of the Loan.
Q: How Much Can I borrow?
A: With an Auto Pawn Loan you can borrow as little as $100 or as much as $100,000 depending, of course, on your vehicles value. With an Auto Title Loan, you can borrow from $2,501 up to $100,000. Some additional factors that we consider are; Year, Make, Model, Mileage, Mechanical history of your vehicle and proof income. This applies to both Auto Title Loans and Auto Pawn Loans.
Q: Do I need to be employed?
A: With an Auto Pawn Loan no proof of employment or income is requested. With an CAR Title Loan we look at every situation as unique. If you are Self Employed, receive Social Security, Disability Income, Unemployment Benefits or have a past Bankruptcy, you may still qualify for a Loan. Speak with your Loan Agent about your unique situation.
Q: Do I need good credit for a loan from RPM Lenders?
A: With an Auto Pawn Loan your past & present credit is not important. There are No credit checks. Your loan is based solely on the value of your vehicle. All you need is your Valid I.D. and the Title (pink slip) to your vehicle.
With an Auto Title Loan from RPM Lenders we are not concerned with your past credit history as other lenders are. We focus on your present ability to make payments and the value of your car.
Q: Is there a pre-payment penalty?
A: No, not at all. You can pay off your Auto Pawn Loan or your Auto Title Loan at anytime with no pre-payment penalties.
Q: With an Auto Pawn Loan, where will my vehicle be kept?
A: Your car is stored in a secure location. We know how important your vehicle is to you, and you can be sure it's important to RPM Lenders.
Q: Does my car need to be paid off?
A: That depends. Ask RPM about your specific situation.
Q: How long does it take to process the Loan?
A: An Auto Pawn Loan takes about 15 minutes. An CAR Title Loan takes a little longer, but that will depend on how quickly you submit the application and supporting information; plan on about 1 hour.
Q: What if my title is in my name and another persons name?
A: In most cases this is not a problem.
Q: What do I need for a Car Title Loan?
A: Click here for the requirements!
Q: What is the best way to apply for a Loan?
A: We encourage you to get started online by clicking here, or calling RPM Lenders directly at 1-800-RPM-EASY (1-800-776-3279) with any of your questions regarding a Loan.