Title loans in New Orleans, Louisiana, allow you to borrow money based on the value of your vehicle, helping you cover unexpected expenses you might otherwise be unable to meet. You can pay for roof damage, HVAC system breakdowns, medical bills, veterinary fees, and more as long as you own your vehicle outright.
In this guide from Cash Cow in Louisiana, we explain the process and provide a step-by-step guide to getting instant online title loans from us. Learn how to get a same-day car title loan in New Orleans by understanding our requirements and approval process.
What Are The Requirements For A Title Loan In New Orleans, Louisiana?
Before beginning the approval process, you must understand the requirements to determine if you can get approved. To qualify for a New Orleans title loan, you must own your car outright and have a lien-free vehicle title. You will need to provide this title as collateral so we can place a lien on it, which you can do only if you have fully paid off your vehicle.
You must also be at least 18 years old, as Louisiana law states that only legal adults can take out loans in the state. We will also assess your car’s value to determine how much you can borrow.
You can easily meet these qualifications with our three required items:
- Identification – Most of our customers use their driver's license to prove their identity and age. However, you do have other options. We also accept other documents displaying your full legal name, date of birth, and portrait photograph, including your passport, student ID card, or military service member's ID card.
- Lien-free vehicle title - To qualify for a title loan in New Orleans, Louisiana, you must own your vehicle outright without any outstanding judgments or liens. To prove this, we require a lien-free title document for a car, truck, or van. The vehicle title must be in your name. If it isn't, you should head to your nearest Department of Motor Vehicles office to request a transfer.
- Vehicle – During an in-person meeting, we will inspect your vehicle. We use your vehicle to establish the amount of money you can qualify for. The more it's worth, the more you can receive. While there are many factors we consider when establishing your car's value, the most influential include its age, make and model, odometer reading, condition, and aftermarket modifications.
We suggest getting all of these items beforehand, just in case there is something wrong that you must change. For example, you don’t want to start the process just to realize you need to get a title transfer. Once you have everything you need with matching information across your documents, you can begin the title loan approval process.
Five Steps To Getting Title Loans In New Orleans, Louisiana
At this stage, you should know that you can potentially cover your emergency with title loans in New Orleans, Louisiana, and you can provide the required documentation and vehicle. All you need to understand now is the actual process. Luckily, it just takes four easy steps that you can start at home and finish in person.
Here is a step-by-step guide to getting title loan approval:
- Send the request form — Connecting with your local Cash Cow branch is near effortless. You can either complete our online request form (selecting the correct loan type, as we also offer payday loans) or call your local branch. On the form, you will need to provide your name, email address, phone number, zip code, and vehicle details. Submit it, and one of our loan representatives will receive and review it before calling you.
- Speak to us on the phone — During the conversation, we will discuss the process, ensure you have the requirements, and answer any questions. There will be plenty of time to ask questions later, so don't worry if you forget anything at this stage. We will also set a date and time for the in-person portion of the process. It will be held at your nearest Louisiana store branch to ensure you don't have to travel too far.
- Bring the required paperwork and vehicle to your local store — Don't forget to bring your identification, lien-free title, and vehicle to our branch at the agreed date and time. We will sit down with you to verify your paperwork before heading outside to conduct a vehicle inspection. This whole process takes less than 30 minutes.
- Ensure you're happy with the amount we can offer — After we've appraised your vehicle and verified your paperwork, we will tell you how much you can qualify for. Don't be tempted to take out more than you need. If we offer more, you can reduce the amount to match your emergency cost exactly. That way, you won't be repaying more than necessary. Once you're pleased, we can move on to the final part of the process.
- Sign the paperwork — All you need to do now is sign the forms to confirm you agree to the terms and conditions. We'll show you where to sign and ensure you understand all the details before asking for your signature.
After completing the process by signing the loan agreement, you will receive your title loan cash on the same day or the next business day. You can now use the money to pay your urgent costs before they are due and prepare for repayment.
Title Loan FAQs
How much can I borrow with a title loan in Louisiana?
Title loans are worth up to $1,400. However, not everyone will get approved for the maximum amount. As mentioned previously, your title loan amount will depend on your car’s value, which we will determine during an inspection.
Can I get title loans for bad credit?
You can still get title loans in New Orleans, Louisiana, even with a bad credit score. They are secured using collateral, so your credit score isn’t as important. As long as you own your car outright, you can get approved for title loans with bad credit. We also won’t report our loans to the major credit bureaus, so you can borrow money without affecting your score.
Can I keep my car during title loan repayment?
We don’t take your car as collateral, so you will get to keep driving after getting approved. We will retain your vehicle title until you fully repay the loan. You won’t have to worry about losing your vehicle to get fast emergency cash with a title loan.
Get Instant Online Title Loans From Cash Cow – Borrow Up To $1,400 Today!
Are you facing a financial emergency you cannot afford? When you need fast emergency financing, Cash Cow in Louisiana can help with our title loans. The approval process takes just a few steps that you can complete on the same day you apply. All credit types are accepted, and you even get to keep your car during repayment.
You can begin the process today by filling out our online title loan form. Once you provide your basic information, we will call you to explain the process. Visit us in person at our New Orleans store to get approved in less than 30 minutes!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
