Here’s how it works in Magma:
01
Submit our Online Form or Call us
Complete our secure loan request form to help us find the best lender for you.
02
Get a Pre-Approval Message
You will know right away if you are pre-approved for a title loan
03
Connect With A lender
We will connect you with the lender to guide you through the next steps.
04
Receive Funds Quickly
After approval, funds are typically deposited into your checking account within 24 hours, depending on the lender.
what is title loans?
Need quick cash? You’re in the right spot! With our online service, getting a title loan is simple and fast, just make sure you meet these requirements, and you may get your funds today:
- You’re at least 18 years old
- You live in the US
- You have a job or other steady income source like disability or social security
- You own a vehicle
You can borrow up to $50,000. Don’t worry if you have a poor credit score; we may still find you a lender.
Plus, there’s no need for a fax or paperwork – most of the process is online. All you have to do is fill out our online form. After you do, we will redirect you to a local lender.
Once your application is approved, you’ll see the money in your bank account within one business day. You can use this money for anything you need, like ATM withdrawals, paying bills, or bank transfers.
On the due date, enough money to cover your monthly payment should be in your bank account. The payment will be made automatically. If you can’t pay back the loan on time, call your lender to ask for an extension. Just remember, this will mean extra interest.
Our goal
Title loans are a great option to get emergency money on your vehicle. Our goal at Magma Payday Loans is to help you improve your financial standings.
How Much Cash Can I Get?In a Nutshell: Loans
Loans for people with so-called bad credit may carry unfavorable terms, including high fees and interest rates. Before you borrow money, look hard at your loan terms and options, including title loans, car title loans, peer-to-peer lending, and personal loans. And keep this in mind: Just because these options are out there doesn’t mean they’re the right choice for you.
Examples of 36 Month Loans*
| Examples | Example A | Example B |
|---|---|---|
| Title Loan Amount | $2,600.00 | $2,600.00 |
| Interest Rate (monthly) | 10.01% | 9,21% |
| Term Lenght | 36 Mo. | 36 Mo. |
| Processing Fee | $75.00 | $75.00 |
| DMV Lien Transfer Fee | $15.00 | $15.00 |
| Monthly Payment Amount | $269.00 | $250.00 |
