getting a loan without a bank account

How Can I Get A Loan, No Bank Account Required?

When head to a traditional lender like a credit union for a loan, no bank account required, you may not have much luck in getting the money you need.

That’s because most traditional lenders ask for a bank account as a part of their loan requirements. This may add an additional layer of security and give them somewhere to send your loan. However, did you know that you can get a loan, no bank account required right here in Utah? Let us tell you all about what a fast title loan is and how to get one.

What Is A Title Loan?

A title loan in Utah is a loan that is accessible to those that own a lien-free title to a vehicle. This means having no outstanding financing or charges on the vehicle.

A title loan is a secured loan. This means that when you borrow cash, you are essentially securing the loan against your vehicle's title. This is why the amount that you can borrow will be determined by the value of your vehicle. Here at Utah Title Loans, Inc., we can loan between $300 and $15,000.

Title loans are different from most other loans, not just because of their speed, but because they are one of a few types of borrowing that you can get without a bank account.

What Do I need Then For A Title Loan?

Surprisingly, not a whole lot. You just need three items:

  • A government-issued photo ID.
  • A lien-free title to your vehicle.
  • Your vehicle for inspection. 

That's it. There are no income requirements, nor is there a requirement for a bank account. On top of that, you don’t need to have a perfect credit score either. Utah Title Loans, Inc. welcomes all credit scores.

qualifying for a title loan

How Do I Get A Title Loan, No Bank Account Required?

Here at Utah Title Loans, Inc., we pride ourselves on the speed and smoothness of our service. In fact, you can get through the in-person process for the loan in as little as an hour. Here is how:

1. Fill In Our Inquiry Form

You can kick-start the inquiry process with us in one of two ways. You can either give us a call at 800-514-2274 or get in touch with us by filling out and submitting the online title loan form. Both methods are fast, and both will lead to the next stage, which normally happens within a few minutes.

2. Speak With Us

If you submitted the online, one of our local stores will review your information and give you a call on the phone. Or you’d be speaking directly to us if you gave us a call. We will explain the title loan process and give you the opportunity to ask any questions.

One of the most important parts of this call will be to explain the items you need and schedule an appointment with you. While we have Utah Title Loans, Inc. locations throughout the state, we can also meet you at a location of your choosing. If you have a much more convenient location than your local lending location, then let us know. We can have a loan representative meet you there.

3. Meet Us For Your Vehicle Inspection

Make sure to have your vehicle when you meet us at your selected lending location, along with the required documents. One of our experienced loan representatives will look over your vehicle and give it a value that is based upon an industry-recognized price list. They will also inspect your documents at the same time. 

4. Sign Your Loan Agreement

If you are approved, then you will be asked to sign your loan agreement. Again, if you have any questions, feel free to ask us.

5. Wait For Your Fast Title Loan

The only step left at this point is to wait for the money to be received. This should usually happen on the same day, but you could receive it on the next business day at the latest.

getting title loans online

The Advantages Of Title Loans At Utah Title Loans, Inc. 

Obviously, the main advantage of getting a fast title loan through us is that we can provide a loan, no bank account required, however, there are several more reasons why you may wish to consider a title loan.

  • For starters, there are no income requirements. In fact, many of the people that get title loans are currently receiving benefits, or they may be temporarily unemployed. A title loan, to them, is a quick way to get cash to cover emergency expenses.
  • We welcome all credit types. Don't be afraid to get in touch with us if other lenders have turned you down. We can discuss each case on its individual merits. If you hold a lien-free title to a vehicle that you outright own, then there is a chance that you may be approved for a title loan.
  • Having multiple branches throughout Utah is also handy. All of them are easily accessible. However, we also give you the ability to choose your own appointment location. We will come to you. This makes our service even more convenient. 

No Bank Account? You Can Still Get A Title Loan Today 

A fast title loan in Utah is one of the main options for those that are looking for a loan, no bank account required. Utah Title Loans, Inc. has alternative methods to provide borrowers with their funds, and the process isn't all that complicated either.

If you need a title loan to cover emergency expenses but don't have a bank account, then reach out to us today. You can start now by filling in the short inquiry form.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Daniel Dewitt

Daniel Dewitt is a lifetime blogger with a finely-honed ability to break down, analyze, and interpret economic trends for the layman. He's fiercely invested in spreading financial literacy and helping everyday people gain the tools they need for their own economic success.