ONLINE REGISTRATION LOANS

Get A Registration Loan In 24 Hours Or Less!

Using your vehicle's DMV paperwork as collateral for a registration loan makes them much better than secured loans like car title loans. If you need to borrow money and already have a car loan, you might be tempted to take out another car loan on the same vehicle instead of using registration as collateral. However, even with bad credit, getting registration loans online without having any equity in the vehicle is possible. The amount you can borrow depends on how much the vehicle is worth, not what you owe.

Registration loans don't require a vehicle as collateral and that means it's easy to qualify without worrying about your credit score or the need for a paid off vehicle. We only require proof that your car is registered with the DMV and fully insured. However, any unsecured loan will carry higher fees and interest rates than what you would see with a personal loan that mostly depends on your credit. Because of the high APR, we advise you to borrow the least amount necessary and pay off the loan as quickly as possible!

Registration Loans Versus Car Title Loans

Registration loans tend to be easier to get than 24-hour title loans! That's because you don't need a paid-off car title to qualify, and some customers can get approved with just the car's registration documents. Even though title loans are generally processed and underwritten quickly, it can still take time to ensure your vehicle's title is free of any liens or loans. Also, title loans are typically issued for $2,000 or more. Because of these higher loan amounts, you can expect more scrutiny during the underwriting process for a title loan than a registration loan. 

Another difference between these types of loans is that you can expect a more significant loan amount with a title loan versus a registration loan. Typically, we see these registration loans in Arizona for around $1,000. That's not as high as a title loan, which can approach $15,000, but again, you don't need a lien-free vehicle to qualify.

Online Registration Loans in Arizona

Registration loans have been around for about a decade now and we're seeing more people apply for this form of funding in Arizona than ever before. This is because registration loans have been getting more exposure recently, leading to a rise in secured lending companies. Another factor is that they're easier to qualify for than most payday and title loans in Arizona. Short term loans are challenging to get in Arizona as there are restrictions in place on the interest rates and repayment terms and that makes a registration loan an excellent option for people who would otherwise get a title loan in other states. Many borrowers can track down a copy of their vehicle documents, but getting the actual pink slip to a paid off vehicle can be difficult. 

You'll need your vehicle make and model number, mileage, and driver's license to get an AZ registration loan. You must also show your lender that you're reliable and can make monthly payments. Because of that, you may need to show proof of employment or monthly income to qualify for more money with title loans online.

Registration Loans With No Credit Check Versus A Cash Advance Or Payday Loan

You may want to consider a registration loan instead of a cash advance if you need money within the next few days, and your only other option is a cash advance on your credit card, which might have higher fees associated with it. However, registration loans tend to come with higher loan amounts than most cash advances, so comparing the two is difficult. The finance rate or APR will be much higher, which may be offset by the amount you can borrow. Also, remember that payday loans and cash advances have interest rate restrictions in Arizona, which makes registration loans so popular. Why bother jumping through hoops for an unsecured loan that's difficult to get if you can get a loan of $500 or more with just your registration documents from the MVD?

Whichever choice you make, Hyperlend is here to make it easy to apply for a registration loan in Arizona or any other type of secured loan. Contact us today or complete an online application, and we'll do all we can to fund your loan! We can get you a quote for a registration loan in less than 5 minutes and it all starts with you calling us at 800-971-3022!