Title Loans Without a Bank Account

Can You Apply for Title Loans Without a Bank Account?

Title loans are a type of secured loan that can allow you to obtain quick funding by pledging the title to your car or truck as collateral. Qualified borrowers can potentially obtain their funds in as little as one business day, which is why title loans are a popular option for individuals who need emergency cash.^{1 3}

But is it possible to get title loans without a bank account? Yes, you can get an auto title loan without having a checking or savings account, as long as you meet the requirements for loan approval and can provide sufficient evidence of income during your loan application.¹

Keep reading or call 855-422-7412 to learn more about borrowing against your vehicle without having a bank account! 

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Looking for quick cash loans without a bank account? It is possible to apply for some types of loans without a bank account, including title loans and pawn loans. While many loan options, including personal loans and payday loans, usually require bank account ownership, obtaining an auto title loan is possible, even with bad credit and without access to a bank account. Eligible car title borrowers can get their loan proceeds in as little as 24 hours!^{1 3}

Since the title to your vehicle is used to secure the repayment of the loan, your credit history or ownership of a bank account will not be the primary focus of the application process.¹ Most title lenders will primarily care about your ability to repay the loan and the overall value of your car instead of your credit history. Even if you have bad credit and don’t have a relationship with a traditional bank, you may still be eligible for a title loan with no bank account.¹

If you apply for a title loan serviced by LoanMart, here is what the loan process will typically look like:

• Apply Online: You can submit a short prequalification form online or call a title loan representative at 855-422-7412 to get started.
• Talk to a Title Loan Agent and Submit Your Paperwork: After you submit the application, you’ll be contacted by a title loan agent and asked to provide a few documents to verify your information.
• Get Your Loan Proceeds: If you are eligible for a title loan and sign your loan contract, you can choose how to collect your loan proceeds! If you do not have a bank account, you can get a check in the mail or pick up your money at a nearby participating money transfer location.¹

How Can I Repay a Title Loan With No Bank Account?

You might be asking yourself, “How do I repay title loans without a bank account?”. Typically, you will be able to repay your loan through automatic payments from a bank account. However, if you don’t have a bank account, you’ll have the option to repay your loan in another way. 

Here are some of the ways that a borrower can repay a title loan serviced by LoanMart without a bank account:

1. Pay by Phone 
2. Pay Online by Clicking the Customer Login Button
3. Pay in the App if You Have a Smartphone or Tablet
4. Visit a Participating Money Transfer Location to Pay Cash

Applying for and making payments on title loans without a bank account can be easy! With car title loans serviced by LoanMart, you do not need to have a checking or savings account to receive your funds or make payments on your loan. We understand that you may not have access to a bank account, and that should not be a problem during your loan application as long as you can prove your income without bank statements.¹

Do you have any questions about making loan payments without a bank account? Call a title loan representative at 855-422-7412 or visit the FAQ page to learn more! 

What Do I Need to Get Quick Cash Loans Without a Bank Account?

The paperwork you will need to get quick cash loans without a bank account will depend on the loan you are applying for. When applying for a title loan serviced by LoanMart, you will need the following documents on hand:¹

• A Car or Truck Title in Your Name: Car title loans are secured loans, so the asset you are securing the loan with must be in your name and possession at the time of your application. If you are missing your vehicle title or if the title is not currently in your name, head to your local Department of Motor Vehicles (or equivalent state agency) and request a duplicate title or transfer of ownership.
• Verifiable Income: Whether you are applying for a personal loan or a title loan with no bank account, you must provide proof that you can repay the loan to obtain loan approval. Although many applicants will submit bank statements during their loan applications to demonstrate their ability to repay the loan, there are several other documents that you can use besides bank statements to prove your income!
• Valid Government-Issued Photo ID Card: You must prove your identity during your application with a government-issued photo identification card, such as a driver’s license, passport, or state ID card.
• Proof of Residence: Proof of residence is another important document you will need to provide in order to obtain loan approval. You can usually submit a recent utility bill, credit card statement, or phone bill.
• A Few Pictures of Your Car, Truck, or SUV: While applying for title loans without a bank account is possible, you will need to complete a vehicle inspection to verify the value of your vehicle and receive loan approval.¹ With loans serviced by LoanMart, you can conveniently complete an online vehicle inspection by submitting a few quick photos of your truck, car, or SUV! 

You can upload all of the required documents on the LoanMart website during your loan inquiry! Additionally, you can send your paperwork via email or text message to a title loan representative and find out if you qualify for a title loan without a bank account in no time.^{1 3}

How Can I Provide Proof of Income for Title Loans without a Bank Account?

Since title lenders primarily evaluate the value of your car or truck and your income when deciding whether to approve your application, you might be wondering how you can provide evidence of your income when you don’t have a bank account.¹ Fortunately, many title loan providers are quite flexible when it comes to showing evidence of your ability to make loan payments – bank statements are usually not the only option.

If you do not have a bank statement to use as proof of income, or you simply don’t want to share your bank statements for privacy reasons, you can submit other documents that can be used to verify the amount and consistency of your income. For example, you can provide:

• Recent Pay Stub
• Employment Verification Letter
• Proof of Pension or Social Security Income
• Benefit Verification Letter

The above list is not all-inclusive, but if you want to learn how to prove your ability to repay a title loan without a bank account, you can contact LoanMart at 855-422-7412! We have title loan representatives available six days a week to answer any questions you may have about applying for title loans without a checking or savings account.

Where Can I Get Direct Deposit Loans in Minutes with No Credit Check?

Generally, it is tough to find direct deposit loans in minutes with no credit check. Many types of loans, including title loans, can allow qualified individuals to obtain their loan proceeds via direct deposit. For most lenders, a credit check is an integral part of the application process, so it will be difficult to apply for a loan without a credit check. If you are looking for a direct deposit loan, it’s important to keep in mind that you will need a bank account in order to be able to receive funds that way.

Final Thoughts About Loans Title Without Bank Account

If you are looking for quick cash loans without a bank account, your options are likely to be somewhat limited. Many personal loan providers, fintech lenders and payday lenders require that borrowers have a bank account in order to qualify. A title loan serviced by LoanMart on the other hand could be the solution if you don’t have a bank account or simply don’t want to use your bank account for the loan!^{1 3}

Getting started is simple! Just fill out a short online application and provide some basic information about yourself and your vehicle. Or, if you want to speak to a title loan agent directly and begin your application over the phone, you can call 855-422-7412. It is possible to apply for a title loan with no bank account online or over the phone today – so why wait to see if you qualify for the emergency cash you need?^{1 3}