Frequently Asked Questions
What do I need in order to get a loan today?
You will need the following documents:
Car Title (unless you are refinancing your current high interest rate title loan to 208 Title Loans)
Proof of Income
Proof of Address
What happens if I would like to refinance my current title loan to your lower interest rate loan?If you would like to see about lowering your APR, we would need the same information as above as well as a copy of your current contract from the other lender. We then process all documents in a quick and efficient manner, pay off your loan and then you make your lower scheduled monthly payments to 208 Title Loans moving forward. It's simple and easy!
What interest rate will I get?APR varies. The way we structure your loan is based on a few factors: Collateral, Amount Borrowed, Length at Residence and Job and Customer Loyalty. We are able to offer discounted rates compared to 300% or 400% or higher interest rates due to being family owned and operated. We keep overhead low and our rates even LOWER! We can help save you hundreds, and sometimes thousands of dollars, when you write a loan with us.
Do I keep my car still?YES!!! You keep your car, continue to drive it and go to work, play and anywhere you would like.
Types of loans we offer:
Installment Loan: An installment loan is when you take a loan on the title of your vehicle and pay equal monthly payments until it's paid off. When you take an installment loan, your payment is applied towards principle and interest each month.
If you have any additional questions, please don't hesitate to contact us at any 3 of our locations!