Title Loans in Utah

What Do You Need for a Title Loan in Utah?

Are you looking to unlock emergency cash with your car title? To get an auto title loan in Utah, you need to meet the initial loan qualification requirements, which are:¹

1. Be of Legal Age to Apply for a Title Loan
2. Provide Evidence of Income
3. Have the Title to a Qualifying Car or Truck in Your Name

The initial requirements for a title loan in Utah are fairly simple and straightforward! Upon initial approval, you will need to upload a few documents to verify the value of your car and your loan application information. Whether you apply for a title loan in Salt Lake City, Provo, St George, or another part of the state, you can expect to need the following to finalize a title loan in Utah:¹

• Proof of Income and Address
• A Utah Car Title in Your Name
• A Valid, Government Photo ID
• Recent Photos of Your Vehicle

Utah borrowers will also need to meet the title document requirements in Utah. Typically, eligible borrowers in Utah will need to complete and sign a Utah Division of Motor Vehicles form TC-656, also known as a “Vehicle Application For Utah Title”. When getting a title loan serviced by LoanMart, applicants receive assistance with this form and a loan officer will be happy to answer any questions about how to properly complete and sign it.

Fortunately, it can be quick and convenient to apply for a title loan serviced by LoanMart. You can fill out a short online application to find out if you qualify for instant pre-approval! All of the required documents can be easily uploaded online or sent to a title loan agent via email or text message. You may receive access to quick funding in as little as 24 hours if you qualify!^{1 3}

How Do Car Title Loans in Utah Work?

Car title loans in Utah can allow qualified borrowers to pledge the title of their car or truck as collateral for money. Since title loans are secured loans, the initial requirements are relatively simple, and the application process is quite flexible.¹

Typically, title lenders will run a credit check on an applicant, but other factors can be more important for loan approval.¹ A qualified applicant can borrow a percentage of their car’s total market value through a title loan. Your eligibility for a title loan will thus depend on the current value of your car and also on your income.

Find out if you qualify for online title loans in Utah or over the phone today! The pre-qualification form only takes a few minutes to complete. Or, you can call 855-422-7412 to speak directly with a LoanMart title loan agent.¹

What’s the Most You Can Get for a Title Loan in Utah?

Most title lenders can let borrowers access anywhere from 25-50% of their vehicle’s value if they qualify for a title loan. The most you can obtain through Utah title loans is largely based on these two factors:¹

• The Total Value of Your Car
• Your Ability to Pay the Loan Amount You are Eligible For

You can use LoanMart’s online calculator tool to receive a car equity estimate or loan quote, free of obligation!¹ Applicants who own a car or truck with substantial value and who have enough income to afford the payments may qualify for up to $15,000 with a title loan serviced by LoanMart!¹

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 tool to get an estimate of the current amount of equity in your car!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

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
2. 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.
3. 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:

Utah - Key Financial and Indebtedness Figures

The below table provides some of the key income, loan and financial statistics for Utah which are intended to give you a better understanding of how your financial circumstances compare to other Utah residents. With this information in hand, we hope you gain a better idea of your financial options so you can decide if completing a title loan application is the right decision for you:

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