Credex Loan Solutions uses “Auto Title Loans” for advertisement purposes only and provides auto equity loans. The lenders are licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such lenders loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of lenders activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.
Approval is primarily based on the customer ability to repay the loan and the vehicle condition.
Fees: $82.75 Lien Fee, $25.00 Application Fee, Document Stamp Tax (It varies depending on loan amount). All fees are rolled into the life of the loan. APR: Our annual interest rate ranges from 18% to 30%.
Repayment: We offer easy payment options to suit your ability to repay the loan, currently ranging from 6 Months to 24 Months.
The table below represents illustrative examples of the cost of a loan. If you have any questions, or would like more information, please feel free to ask. Make sure you understand the terms and costs of your loan.
|Check Amount||Interest Rate(APR)||Lien Holder – One time Fee||Application – One time fee||Doc Stamps – One time fee||Term||Monthly Payment||Total of Payments|
|$1,000||30.00% – $188.81||$82.75||$25||$3.89||12 Months||$108.37||$1,300.45|
|$7,000||23.89% – $1,915.47||$82.75||$25||$24.96||24 Months||$377.01||$9,048.18|
* Other insurance coverages may be required to be approved. Please call us for further details.