- What is a title loan?
An auto title loan is a loan for which you only use your vehicles title as collateral. So you continue to drive your car while getting cash for the value of your car. You must have a clear California title. - How to apply?
The easiest way to start is to apply on our website. If you prefer, you can give us a call or contact us through our website requesting a credit application by email or regular mail. Once you complete the application you can return it to us by fax or email or regular mail. - How long does it take to know if I’m approved?
The application will take you just a few minutes to complete. We can usually get a decision to you within 1-2 hours during regular business hours. - What’s next after receiving an approval?
You will need a recent paystub, recent utility bill with your name and address, references and valid I.D. Once these are submitted to EFG and verified, you will be ready to set up a meeting to receive your check and sign your loan contract. - What kind of condition does my vehicle need to be in?
Since the loan is based on the current value of your car, it should be in running condition. - Do I need to put any money down to get a loan through a private party?
Yes, we usually require about 20% of the selling price for a down payment. So if the selling price is $10,000 you will give the seller $2,000 and we’ll give them a cashier’s check for $8,000.
