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Quick Cash 101: Flex Loans vs. Short-Term Loans

Know the Difference Between a Short Term Loan and a Flex Loan

short term title loan

Midwest Title Loans offers car title loans to everyone! You heard that right – everyone. If you need cash and you need it now, talk to the friendly professionals at Midwest Title Loans about car title loans today. If you are in the Overland Park or Kansas City Metro Area, you can get pre-approved for fast cash now. All you need is a government issued photo ID (such as a driver’s license or even a passport will work) and a clean car title to get cash in your hand ASAP.

What is a Car Title Loan?

A car title loan is simple to understand and even easier to get when you need cash now and you need cash fast. Simply put, a car title loan is a short term loan secured by the clean and lien-free title to your vehicle that puts cash in your pocket fast, when you need it the most.

Applying for a car title loan is also easy – all you need is to bring in a government issued photo ID, as well as your car and your car title that is owned by you and also currently clean free of all liens. The on site service professionals at Midwest Title Loans will inspect your vehicle in a quick evaluation, when you are ready you can bring your vehicle into any one of our convenient Overland Park or Kansas City Metro locations here. This evaluation paired with your cash needs and your current budget will help the experts at Midwest Title Loans determine the amount they can loan you. Once you are approved, you will drive off in your own vehicle while MTL holds on to the title of your vehicle until you have paid off the final dollar to your loan. When you have paid off your short term car title loan, you will receive your car title back and the transaction is complete.

The sweetest part of this is how fast the process is, because of the short term loan approval and no credit check, you can be on your way and out the door in less than 20 minutes with a pre-approval.

What is a Short Term Loan?

A short term loan is exactly what it sounds like; based on the evaluation of your vehicle, your budget, and how much cash you are qualified for, your short term loan will be able to be paid off within 60 days with a renewable contract. Chatting with a service representative will help determine if and when you would like to renew your contract, based on your personal situation.

What is a Flex Loan?

A flex loan is also a type short term loan, but flex loans are structured a bit differently in terms of acting like a line of credit with your car title as collateral. After you are approved for a flex loan, you will then receive a credit limit you can borrow as you need to. You do not have to borrow the full amount but it will be available to you. As you begin to pay down the money you have already borrowed, your available credit limit will continue to increase.

The main difference between a flex loan and a normal short term loan is that your loan status will remain “open” in order to keep the money in your line of credit available for you when you need it. When more money is needed, it is ready for you and you do not need to worry about filling out any extra paperwork, getting your car title re-evaluated; there is no need to go through any of the application process again.

When you need money from your flex loan credit line, all you need to do is call the team at Midwest Title Loans and let them know how much you need and your cash will be ready for when you arrive.

Your flex loan is based on a daily interest rate, but you will only have to pay interest on the amount of money you have borrowed, for the length of time you have borrowed it. The interest rate will have no reflection from your overall credit limit.

Getting approved for flex loans in Kansas City is the same as your normal car title loan, and flex loan requirements are simple. You will drive your car down to one of the convenient locations in Overland Park or near the Kansas City greater metro area, get it evaluated, fill out your information, speak with one of the on site friendly professionals, and have cash in hand, all in the same day and fast.

Get Pre-Approved Today for Your Flex Loan or Short Term Loan

Getting a flex loan is easy. If you believe that you are ready to apply for a car title loan in Overland Park or the Kansas City Metro Area, get started by completing our information sheet here. This info doc is super easy to fill out and will provide our experts at Midwest Title Loans with the information needed about you, your vehicle, and your ability to pay back your flex loan or short term loan. There is no need to check your credit, so you do not have to worry about your personal credit history. After completing the info sheet, one of our representatives will contact you to talk to you about the next steps needed in the approval process. On the other hand, if you need money today, you can visit one of our four locations in the Kansas City metro area, where our professionals there can process your loan quickly.

Find Midwest Title Loans at: 330 W. 85th St, Kansas City, MO 64114 Phone: (816) 363-8600 6420 North Oak Trfwy Gladstone, MO 64118 Phone: (816) 436-7711 8212 Metcalf Ave. Overland Park, KS 66204 Phone: (913) 381-2222 2500 State Ave. Kansas City, KS 66102 Phone: (913) 281-9997 Do you have questions before you visit? Contact us to learn how you can get fast cash today in Kansas City.


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330 W. 85th Street
Kansas City, MO 64114
Phone: (816) 363-8600
M-F: 10:00am – 6:00pm
Sa: 8:00am – 1:00pm

6420 North Oak Trfwy
Gladstone, MO 64118
Phone: (816) 436-7711
M-F: 10:00am – 6:00pm
Sa: 9:00am – 2:00pm

8212 Metcalf Ave.
Overland Park, KS 66204
Phone: (913) 381-2222
M-F: 10:00am – 6:00pm
Sa: 9:00am – 2:00pm

2500 State Ave.
Kansas City, KS 66102
Phone: (913) 281-9997
M-F: 10:00am – 6:00pm
Sa: 9:00am – 2:00pm