Title Loans in Utah

How To Get a Utah Auto Title Loan

If you’re looking for a fast cash solution to an urgent financial need, a Utah auto title loan could be one of the options to consider – assuming you own a car, truck or SUV. To borrow funds against your car title, all you need to do is find a title loan provider and complete the following steps:¹

• Complete a title loan application, either online, over the phone or at a title loan store
• Get approved and provide the required documents
• Sign your loan agreement and provide your vehicle title
• Get your loan funds

During the term of the loan, the lender will place a lien on your title with the Utah DMV. When the title loan is paid off, the lien is removed again.

Vehicle Title Loan Requirements in Utah

In order to qualify for fast cash with your car title, you need to meet the lender’s loan requirements. While there are small differences from one loan provider to the next, you’ll generally need to meet the following to qualify for a loan based on your vehicle’s equity:¹

• Be of legal age
• Have the title to a qualifying car, truck or SUV in your name
• Have sufficient income to afford a loan payment

The initial requirements for a title loan in Utah are fairly simple and straightforward! Upon initial approval, you will need to upload the required documents so that your Utah title loan can be finalized. Document requirements in Utah usually include:¹

• Proof of income and Utah address
• Copy of your Utah-issued car title
• A valid government photo ID such as a Utah driver’s license or passport
• Recent vehicle pictures

Utah borrowers will also need to complete and sign a Utah DMV form TC-656, also known as a “Vehicle Application For Utah Title”. This will allow the lender to place the lien on the title when the loan is finalized.

With LoanMart-serviced loans in Utah, it can be quick and convenient to apply for a title loan. You can fill out a short online application to find out how much you qualify for, and all of the required documents can be easily uploaded online as well. Many of the Utah borrowers we service have received funds in the same day they applied!^{1 3}

Why Utah Borrowers Choose Auto Title Loans

With a thriving economy anchored by tech companies, aerospace, healthcare, outdoor recreation and higher education, many Utah residents are doing well financially. However, Utah’s fast growth has also come with rapidly rising costs, especially for housing. While individual circumstances are always unique to each title loan applicant, many Utah borrowers choose car title loans for the following reasons:

• Making up for income shortfalls during off-seasons in tourism
• Bridging income gaps due to economic cycles impacting the tech sector
• Paying for urgent repairs such as vehicle repairs caused by long commutes across the Wasatch Front, or urgent HVAC repairs during Utah’s hot summers and harsh winters
• Other urgent financing needs in Utah’s rural communities and small towns, where traditional lending options are limited

No matter why you’re looking for a fast cash solution in Utah, starting the process for an online title loan serviced by LoanMart is just a few clicks away!¹

How Much Can You Borrow Against Your Car Title in Utah?

There isn’t a legally mandated maximum amount in Utah – rather, the fair market value of your vehicle usually determines how much you can get approved for.¹ Most title lenders let borrowers access anywhere from 25-50% of their vehicle’s value.

With LoanMart-serviced online title loans, you can may qualify for up to $15,000 if you own a vehicle with substantial value and have enough income!¹ On average, Utah borrowers serviced by LoanMart access around $5,828 when borrowing with their paid-off truck, SUV or car.

Can I Get a Title Loan on a Financed Car in Utah?

Yes, it is possible to get a title loan on a financed car in Utah as long as your car has a sufficient amount of positive equity. If you are still making payments on your vehicle, the title lender may have you complete and sign a form authorizing them to pay off your existing car loan. A title loan agent can assist you with this form during your loan application.

A vehicle can have positive equity if its current value exceeds the amount of money that is owed on it. You can use LoanMart’s online calculator to get an estimate of the current amount of equity in your vehicle!¹

Utah Cities and Regions We Serve

LoanMart-serviced title loans are available throughout The Beehive State, since they are designed to offer an online process for which the actual place or residence within the state does not matter. Many applicants from the following cities and regions have applied:

• Salt Lake City – Utah’s state capital and largest city
• West Valley City – Utah’s second-largest city and the largest Salt Lake County suburb
• Provo – the largest city in Utah County and home to Brigham Young University
• West Jordan – another one of Utah’s largest cities and a major south Salt Lake County suburb
• Orem – Utah County city adjacent to Provo, part of the Silicon Slopes corridor
• Ogden – Northern Utah’s largest city and main city in Weber County
• St. George – Southern Utah’s largest city and a major tourism destination
• Layton – located in Davis County

Many residents of some of the smaller suburbs and cities in Salt Lake County have also turned to LoanMart-serviced loans, including applicants from Sandy, South Jordan, Tooele and beyond. The same goes for Norther and Southern Utah residents, including borrowers who call Logan or Cedar City home.

No matter where in Utah you’re located, whether your live in the Great Basin, the Colorado Plateau or in the Rocky Mountains, applying for a title loan serviced by LoanMart can be fast and easy.¹

What are the Pros and Cons of a Title Loan in Utah?

Title loans in Utah can offer qualified applicants many different advantages, including a quick application process and a convenient way to unlock cash with your car’s title.¹

Title loans serviced by LoanMart can also offer the following benefits to eligible borrowers:³

• You Don’t Need a Perfect Credit Score: People with bad credit may not be able to obtain an unsecured loan from a traditional bank or credit union. However, because title loans are secured by collateral, the approval process can be much more flexible – even if your financial history isn’t perfect! It is possible to qualify for title loans in Utah with bad credit.¹
• No Prepayment Penalties: There are no prepayment penalties or hidden fees with title loans in Utah serviced by LoanMart.^{1 5}
• Several Ways to Repay: Borrowers can choose from one of the following ways to repay their title loan serviced by LoanMart:
  • Pay by Phone
  • Automatic Withdrawal From a Bank Account
  • Visit a Participating Money Transfer Location in Utah
• Apply Online or Over the Phone: You can apply for title loans online or over the phone without having to leave your house! Call 855-422-7412 or apply online to find out if you qualify for Utah title loans today!¹

There are some potential risks associated with title loans, primarily:

• The Possibility of Car Repossession: The title lender may repossess your vehicle if you default on your loan! Be sure to notify your title lender or loan servicer immediately if you are having trouble with an upcoming monthly loan payment.
• The Possibility of a Lower Credit Score: If you default on your title loan and your car is repossessed, your credit score could also be negatively affected.

Where Can I Get Title Loans with No Store Visit in Utah?

You can get title loans in Utah online or over the phone, without having to visit a loan store! Take a closer look at the quick, three-step process to apply for online title loans in Utah:¹

• Click Or Call: Fill out the prequalification form on the LoanMart website or call 855-422-7412 to find out if you qualify for instant pre-approval.¹
• Upload a Few Documents: A title loan agent will then ask you to upload the required documents online or submit them via email or text message.
• Get Your Money: The final step of the title loan application process is finding out if you are eligible for loan approval! Qualified borrowers can receive their title loan funding in as little as one business day. You can get your money sent directly to your bank account ^{1 3}

If you’re a Utah resident who needs emergency cash, you can apply for a title loan serviced by LoanMart! You don’t need a perfect credit score to qualify, and eligible borrowers may receive their funding in as little as 24 hours. Start your inquiry today by filling out the pre-approval form online. Or, just call 855-422-7412 to speak with a LoanMart title loan agent! It can be that simple to apply for car title loans in Utah.^{1 3}

How You Can Make Payments on Your Utah Title Loan Serviced by LoanMart

Utah borrowers who have a title loan serviced by LoanMart have access to various convenient payment options. Whether you prefer transacting electronically, or walking in a payment at a nearby money service business, Utah title loans serviced by LoanMart can meet your needs during the loan repayment process.¹

Borrowers who prefer to make payments without having to leave their home can set up automatic recurring payments, or pay online through the customer portal or LoanMart mobile app. Borrowers who rather pay over the phone may do so using their debit card or bank account. And, borrowers who prefer making cash payments are welcome to pay their title loan at one of the many participating money transfer locations in the state, including at MoneyGram locations.

Not sure where the nearest MoneyGram location is for you? The below map features a dropdown list of a few MoneyGram locations throughout the state of Utah:

Vehicle Title Loan Statistics in Utah for Title Loans Serviced by LoanMart

In the following table are some loan statistics for Utah, which may give you a better idea what an average LoanMart-serviced loan looks like in your state:¹

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