A person may get emergency money within a day by way of a car title loan where the car title may serve as the guarantee. An important basic condition for a person to qualify for a California car title loan is that he must totally own the auto and that there are no existing liens on it. An additional prerequisite that is also common for such kind of loan is that there should be no issues regarding the external look of the vehicle that will significantly lessen its price and that it is in good operating condition. Providers of car title loans in California might also ask that the debtor supply papers to show his identity, that he has a source of income, and that he is living in a specific street address. Usually, the maximum loanable amount cannot go over 50 percent of the expected resale price of the car. The cash that is being borrowed could be obtained within the day so long as all requirements have already been complied with. Meanwhile, an important factor to check previous to deciding to apply for the loan is the interest because this has a considerable impact on the payments to be made. It is also sensible to find out the rate that would be utilized in the event that the debtor desires to renew the loan.