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Credit rating: The lender will run your credit report to see if the agreement makes financial sense for both parties. Even lenders that offer loans for people with bad credit will usually need to see some credit history. Your loan options and APR may be impacted by your credit score. Maximum loan amount. Title loans are a quick way to get money, but the amount of money a borrower can access is usually very limited. Lenders often have a strict cap on the amount of money they will lend in exchange for placing a lien on a car.
50 percent of car value: While the maximum loan amount varies, bank bni personal loan amount a person can receive for a title loan is never more than half of their cars value. One paycheck: Payday loans can be for any amount, but they are traditionally only written in the amount of one full paycheck bank bni personal loan less) so borrowers will have the money in their account when their check is cashed.
Length of loan.