Title Loans in Kentucky

Are Car Title Loans Allowed in Kentucky?

Yes! Title loans are allowed in the state of Kentucky. If you have a qualifying vehicle title in your name and proof of a steady source of income, you can apply for a car title loan.¹ Car title loans in Kentucky can be called a few different names, including auto equity loan, vehicle title loan, or auto title loan.

It is common for the terms “title loan” and “title pawn” to be used interchangeably. A title loan, however, is not exactly the same as a title pawn in Kentucky. With a title pawn, your pawnbroker may keep your vehicle at their lot throughout the duration of the loan. On the contrary, if you are approved for a title loan, maintaining access to your vehicle throughout the repayment process is possible if you keep up with your payments.¹

Apply for a Kentucky car title loan serviced by LoanMart today and take advantage of a flexible online application process! Whether you apply from Louisville, Lexington or anywhere else in the state, you could obtain the title loan funds you need in as little as one business day.^{1 3} Visit the FAQ page or dial 855-422-7412 for more information about auto title loans in Kentucky.

How Do Title Loans Work in Kentucky?

A title loan in Kentucky is a secured loan option that allows you to borrow against the available equity in your car and access the emergency money you need. With an auto equity loan, you are pledging your car title as collateral for the loan, which makes it a secured loan. Secured loans are typically much more flexible than unsecured loans, so you don’t have to rely solely on your credit history to get approved. Instead, you can use your car’s title to access a flexible application process and secure quick funding through an auto title loan.^{1 3}

There are two primary factors that a Kentucky title loan lender will use to determine both your eligibility and loan amount:¹

• The Value of Your Vehicle: During your application, a title lender will assess the value of your vehicle and verify its condition through a vehicle inspection. While getting title loans with no inspection in Kentucky is likely impossible, you can complete a virtual inspection with title loans serviced by LoanMart by taking a few quick photos of your vehicle! Make sure to take clear pictures of all sides of the car, as well as the odometer reading and VIN (Vehicle Identification Number). You can upload your images online or send them via text message or email for your convenience.
• Your Ability to Repay a Kentucky Car Title Loan: Be aware that your ability to make monthly payments is essential for obtaining loan approval. A title lender will need to review your income in order to determine whether or not you can handle a new debt obligation. Fortunately, you don’t need a traditional occupation to submit an application for a Kentucky title loan. Alternative forms of income, such as disability or retirement income, can be used to prove your ability to handle monthly title loan payments.¹

Similar to when you finance a used car, the title lender will place a lien on your title once the loan is complete. That lien is the lender’s legal right to your vehicle, and if you default on the loan, they can repossess the vehicle. The lien will remain on your title until the loan is paid in full, but you can still access your vehicle throughout the duration of your loan as long as you pay on time each month.

Whether you’re in Bowling Green, Henderson, or anywhere else in the Bluegrass State, just use your smartphone, tablet, or computer to apply for a title loan online. Call us at 855-422-7412 if you have any questions or concerns. Title loan agents are available six days a week for extended hours to explain the application process in further detail!¹

Can I Get an Auto Title Loan in Kentucky Without the Title in My Name?

While you will need a few documents to apply for an auto title loan in Kentucky, the most important one is your vehicle title. If your car title is lost, misplaced, or not currently in your name, it cannot be used as collateral for a title loan.

If you need help replacing or transferring a car title to your name, you can follow these steps:

• Visit Your Local KYTC: You can submit a request for a title transfer to your name at your local Kentucky Transportation Cabinet (KYTC). A duplicate title can also be obtained from the KYTC if your car title was lost or stolen.
• Fill Out the Necessary Forms: If you are transferring your title at a KYTC location in your area, bring all your paperwork filled out beforehand. That way, you can avoid any unnecessary delays during the title transfer process.
• Bring the Right Materials: Before transferring the title to your name, you must bring a few documents. Make sure to bring your insurance as well as your license. Also, you will need to bring an acceptable form of payment. KYTC representatives usually prefer cash, but you may be able to bring a check or your credit card.

What Do I Need to Apply for Online Title Loans in Kentucky?

According to the title loan laws in Kentucky, an applicant must be of legal age to submit a loan application. Over 60% of Kentucky residents are at least 18 years of age or older and can apply for an auto title loan online, over the phone, or in person at a physical storefront location in Kentucky.¹

In addition to being at least 18 years of age, you must meet a few title loan requirements in Kentucky to qualify for quick funding:¹

• Possess a Kentucky Car Title in Your Name
• Have Enough Positive Equity in Your Vehicle
• Be Able to Provide Sufficient Evidence of Income

In addition to meeting these initial requirements, you must submit some basic documents during your application. Title loan representatives use these documents to verify certain information during your inquiry, such as your address, income, and identity. If you gather the paperwork in advance, you could potentially speed up the application process!³

Take a look at the list of documents during the title loan application process in Kentucky:¹

• A Qualifying Vehicle Title
• Proof of Your Ability to Repay an Online Title Loan
• Recent and Clear Images of Your Car or Truck
• Proof of Kentucky Address
• A Valid, Government or State-Issued Photo ID Card

If you have a smartphone or computer, you can conveniently upload your documents online or send them to a title loan agent via email or text message! If you qualify for a car title loan, you can potentially access the fast cash you need in as little as 24 hours.^{1 3} Dial 855-422-7412 if you have questions about applying for online title loans in Kentucky.

Can You Get Title Loans with Bad Credit in Kentucky?

Yes, it is possible to get auto title loans with bad credit in Kentucky. Since applicants are required to pledge a car or truck title as collateral for the loan, the application process for a title loan in Kentucky can be relatively flexible!¹ However, it’s typical for most lenders to verify an applicant’s credit during a title loan application.

Unfortunately, finding title loans with no credit check in Kentucky is challenging. However, your credit isn’t the only factor a title lender will thoroughly assess and review throughout your loan request. A title loan lender will typically focus on these two factors during your application:¹

• The Total Amount of Equity in Your Vehicle
• Your Income

As long as you have a vehicle with enough equity and provide sufficient evidence of your ability to repay the loan, it can be easier than you think to qualify for a Kentucky title loan! If you are eligible for a title loan serviced by LoanMart, you can expect competitive interest rates and zero hidden fees!^{1 5} Contact a title loan agent at 855-422-7412 if you have questions about getting Kentucky title loans with bad credit.¹

How Fast Can I Get Car Title Loans Online with No Store Visit?

Do you need fast cash to cover an unexpected expense? According to recent data provided by the Federal Reserve Bank in Philadelphia, the average resident of Kentucky is over $53,000 in debt. Debt can be difficult to manage on your own, but a quick title loan could be the solution to consolidate your debt and get back on your feet. When you apply for a title loan serviced by LoanMart, you can obtain your money as soon as the next business day if you qualify! In some cases, qualified applicants will be able to get their funds the same day they apply!^{1 3}

While car title loans can be fast, it is unlikely that you will be able to get title loans with instant approval in Kentucky. One of the main reasons why it’s tough to obtain instant approval is that many lenders run checks on your vehicle to confirm title status or accident history. Additionally, loan officers are required to verify your information and credit history and review your paperwork. These processes can be quick if you gather the documents beforehand, but they can’t be instantaneous.³

Although it’s challenging to obtain instant online title loans in Kentucky, you can conveniently apply online and find out if you’re eligible for instant pre-approval! Click here or dial 855-422-7412 to apply for a title loan serviced by LoanMart in Kentucky today!^{1 3}

Where Can You Apply for Title Loans with Direct Deposit in Kentucky?

If you’re struggling with a financial emergency, you may be searching for auto title loans with direct deposit in Kentucky. If you qualify for a title loan serviced by LoanMart and have a bank account, you can choose direct deposit to receive your funds in no time!^{1 3}

Take a look at the three easy steps you must complete to apply for a title loan serviced by LoanMart:¹

• Submit a Loan Application Online or Over the Phone with a Title Loan Representative at 855-422-7412
• Upload Your Required Documents
• Find Out if You Qualify and Collect Your Money!¹

Don’t hesitate to apply for the funds you need for an unexpected expense by applying for a title loan serviced by LoanMart. Even if you have bad credit, you could still have the chance to apply for a car title loan!¹ Call 855-422-7412 if you have questions or concerns about applying for online title loans in Kentucky.

How Can You Pay Back Your Title Loan in Kentucky

Title loans serviced by LoanMart are designed to offer flexibility and convenience, including when it comes to making loan payments. Borrowers can make payments in several convenient ways, including both online and offline options, and options that don’t require a bank account for payment processing. Borrowers who prefer to make payments offline and with cash can do so at participating money transfer businesses, including at MoneyGram locations.

Not sure where the closest MoneyGram location is to you? For many residents throughout the state, whether they live in a larger city like Owensboro, or a more rural area, a MoneyGram location will be nearby. Use the below map to find the nearest location for you:

Demographic and Financial Statistics for Kentucky

The figures below are intended for informational and educational purposes to allow consumers to compare their financial situation to others in Kentucky. Empowered with this data, we hope you can make a sound decision to solve your financial needs - if you decide that a title loan is a potential option, we’d be thrilled to assist you.

What Places in Kentucky Can I Get a Title Loan Serviced By LoanMart?