Lender Overview

LoanMart: What You Should Know Before Applying

Fundslender is not affiliated with LoanMart. This page is an independent overview. LoanMart primarily offers auto title loans, which carry significant risk. Review all costs and consider alternatives carefully.

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We are not a lender. Fundslender connects users with third-party lenders. We may receive compensation for referrals. No approval is guaranteed. Rates and terms vary based on your creditworthiness and lender criteria. This is not financial advice.

About LoanMart

LoanMart is an auto title loan and personal loan company. It allows borrowers to use the equity in their paid-off or largely paid-off vehicle to secure a loan. The company operates online and through partner locations in licensed states.

LoanMart targets borrowers who own a vehicle outright or with low remaining balance and need access to cash but cannot qualify for unsecured personal loans from mainstream lenders.

Key Product Characteristics

LoanMart loan overview
FeatureTypical Range or Note
Product typeAuto title loan; personal loans in some markets
Loan amountsVaries; depends on vehicle value and state
APR rangeHigh; varies significantly by state and loan term
CollateralVehicle title; vehicle at risk of repossession on default
Credit checkOften minimal; vehicle value is primary factor
RepaymentTypically monthly installments; varies by state

Figures based on publicly available information as of early 2026. LoanMart availability and rates vary heavily by state. Verify current terms directly with LoanMart before applying.

Key Considerations

  • Title loans are not appropriate for borrowers who depend on their vehicle for work or daily life and are not certain they can repay the loan on schedule.
  • Even if you continue using your vehicle during the loan period, your title is held by the lender. If you default, repossession can happen quickly.
  • Total cost of borrowing on a title loan can be very high. Always calculate the total repayment amount across the full loan term before agreeing.
  • Before using a title loan, exhaust unsecured alternatives. Even higher-rate unsecured loans are less risky to your transportation security than a title loan.

For lower-cost borrowing options, see our unsecured loans overview and alternatives guide.

Frequently Asked Questions

No. Fundslender is an independent loan matching service and is not affiliated with, endorsed by, or a partner of LoanMart or its parent company. This page is an independent research resource.
LoanMart primarily offers auto title loans, where your vehicle title is used as collateral. It also offers personal loans in some markets. Title loans are high-cost secured products where your vehicle can be repossessed if you default.
If you fail to make payments on a title loan, the lender can repossess your vehicle, even if it is your primary means of transportation. Title loans also carry very high APRs. You should fully understand the terms and your ability to repay before taking out a title loan.
Yes. Consider unsecured personal loans, credit union loans, employer advances, or nonprofit emergency assistance before using a title loan. If you need a secured loan and own a home, a home equity loan may offer a lower rate. Fundslender connects borrowers with lenders in our network who may offer personal loan options.
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