Frequently Asked Questions
How does the process work?
What kind of loans does City Loan offer?
We have two types of loans available for you. With our Title Loans (also known as Pink Slip or “You Drive” loans), you can still keep your car to drive, and we’ll give you up to 60% of the value. With our Storage Loans (also known as Auto Pawns), we offer to store your vehicle at our secure facility, and you make NO payments until you pick up your car. Speak with your loan agent to find out which loan type is right for your needs.
Do I need good credit to get a loan?
No, your loan can be approved loan today, regardless of credit history. City Loan understands that people have troubles from time to time, and we’re here to help. Speak with your loan agent for more details.
How quickly can I get the money?
We can put cash in your hands in as little as 15 minutes, depending on your needs.
Does my car need to be paid off?
No. If you still owe a little money on the vehicle, we can pay off that debt as part of your new loan. Speak with your loan agent about your current situation. Every loan is different, and our goal is to provide you with the right loan.
What do I need to qualify?
City Loan has a short list of required documents that your loan agent can discuss.
We make it easy for you to qualify in as little as 15 minutes!
Can I still borrow from City Loan if I’ve lost my job?
Yes, you can. City Loan is here to help you get back on track, and the best part is that you can still keep your car to drive.
Where does City Loan do business?
City Loan currently serves California, Texas, Utah and New Mexico. As long as you have a California, Texas, Utah or New Mexico car title, City Loan can give you the cash you need today. We keep expanding so check back as we add more states.
What is the cost of my Utah title loan?
The APR for our car title loans in Utah range from 89% to 149% depending on our underwriting criteria. Fees for our car title loans include an administration fee of 5% of the amount that you borrow, which we will add to your loan balance. For example, on a $1,500 loan, your origination fee will be $75. CLICK HERE to view more Utah disclosures and rate schedules.
What is the admin fee in Utah and how much is it?
Fees for our Utah car title loans include an administration fee of 5% of the amount that you borrow.
City Loan charges a $15 late fee for payments and $375 – $400 in repo fees in the event of a repossession (dependent on repo company used). City Loan does not charge a processing fee for payments.