Since 1990, LoanMax has been there for borrowers needing cash fast through title loans up to $10,000 based on the equity of their vehicles.1 LoanMax eliminates red tape and offers a simplified online application followed up by a quick vehicle inspection at a LoanMax store location. Sometimes within 20 minutes or less, if approved, you leave with funding, and you stay behind the wheel as long as you make loan payments on time.
Pros and Cons of LoanMax
LoanMax can be a solid option for those seeking quick and flexible financial solutions through title loans.5
- Unemployed borrowers or those with bad credit may still be eligible for title loans
- Only a lien-free title, vehicle, and photo ID are required
- Fast 20 minute approval after the vehicle inspection at competitive rates4
- Funding is possible as soon as the same day with no prepayment penalties5 3
- Vehicle inspections offered at store locations only
- Not available to consumers nationwide
- Several states have maximum loan amounts below $10,000
- Defaulting or failing to make loan payments may result in vehicle repossession in some cases
How LoanMax Compares
to Other Options
|
|
|
|
|
| Max Cash's Rating | |||
| Repayment Terms | N/A | N/A | Typically Around 14-30 Days |
| Funding Timeline | Receive funds on the same day or by the next business day | Receive funds on the same day or by the next business day | Receive funds on the same day or by the next business day |
| Bottom Line | With a super-fast approval process, LoanMax can put up to $10,000 in eligible borrowers’ hands the same business day, if approved.5 If you reside in a state where LoanMax operates and have a lien-free title, it can be an easy way to get much-needed cash. |
Mid-South Payday & Title Loans offer loans up to $2,500 for consumers hit with financial emergencies.1 The application process is straightforward with no prepayment penalties, but only available to eligible Tennessee residents.3 |
Check into Cash has a user-friendly, fast application process to get borrowers the money they need the same day.5 They are also all about customer service and transparency, ensuring consumers understand all terms and have a plan. |
Frequently Asked Questions about
LoanMax
LoanMax is a legitimate business that has been operating since 1990.
Call 877-511-2274 to speak with a friendly LoanMax agent near you.
LoanMax has not been accredited by the Better Business Bureau (BBB).
