For an auto title loan, Plano customers have plenty of choices, but none with the same commitment to great quality, fair repayment terms, and in-house customer service offered by the likes of VIP Title Loans.
There are some key factors that set our title loans apart from those offered by our local competitors, and these factors will make it easier and more affordable for our customers to make full repayment of their loan in no time at all. When deciding between our services and the competition, consider a few of the following benefits that offer exclusively to our customers.
Reasonable Interest Rates That Don’t Break the Bank
We know that customers often perceive title loans to be high-interest affairs, with fees that they might not necessarily want to pay.
The reality, though, is that auto title loans at VIP Title Loans are extremely easy to afford and many of our loans offer rates that are competitive with the major financial institutions here in Texas and across the country.
Our customers typically pay an interest rate of about 6 percent, which is roughly the same rate charged by major banks when originating personal loans to customers based on their own underwriting practices.
Our customers are therefore more easily able to pay off their obligations and get rid of unwanted debt, and we think that’s good for everyone involved.
Quick and Effortless Approval is Part of the Process
There’s something a bit unnerving about heading to a traditional bank and applying for a loan. In fact, it has a name: the waiting period.
After applying, customers often wait around for a few hours while the bank assesses their credit and eligibility, determining whether they’ll offer a loan at all and whether or not that loan will have a high-interest rate.
That’s not how things work at VIP Title Loans.
Instead, we offer very fast approvals that work a bit differently.
Instead of making our decision based entirely on a consumer’s credit report, we consider the value of their vehicle, the size of their financial needs, and the ownership status that they currently have with their car.
For customers who own their car and have quite a bit of equity in their vehicle, approval is exceedingly fast and there’s no need to be nervous or worried.
In-House Operations from Start to Finish
Whether it’s our underwriting department or our customer service professionals, everything we do for our customers is handled in-house using centralized operations. That means there’s no long hold times, no confusion between different departments, and no inconsistency that can make it hard to figure out loan types, repayment terms, or other key aspects of a title loan process.
For the best combination of low rates, easy repayment, and excellent, all-Texan customer service, those in Plano should look no further than our innovative and accommodating auto title loan services.