Online Auto Title Loans In Kentucky
Highway Title Loans has offered same day financing with car title loans in KY for nearly a decade and you don’t need to hand over the car to use as security for the loan. Instead, the car’s title will be enough to guarantee the vehicle.
Auto title loans are typically much easier to qualify for than traditional loans because they don’t require a credit check. This makes them a good option for people with bad credit or no credit. The final funding amount with a title loan online in Kentucky depends on the value of your car. The maximum loan amount is $10,000 for vehicles that have sufficient value, but the average loan is around $2,000.
What Do I Need To Qualify For Car Title Loans In Kentucky?
To qualify for car title loans in Kentucky, you’ll need to have a few things:
A car with a clean title that’s in your name. Any finance company in KY will want to know you have enough equity in a car title and that the vehicle is owned outright.
Proof of monthly income to show you can repay the loan. Any type of employment records or pay stubs will be just fine.
A valid ID from the State Of Kentucky. A lender will want to verify your personal information and they may also request insurance documentation on your car.
If you choose to visit a store versus applying online then that’s ok as well. Some applicants simply prefer to meet with someone face to face and there are dozens of lending offices in Lexington and Louisville where you can walk in and complete the entire application in person at your own pace. Another benefit of working with a neighborhood auto title loan lender is that you can drive your car away with cash, rather than wait for funds to be direct deposited into your account.
Am I Able To Get A Kentucky Title Loan With A Bad Credit History?
Getting cash with a title loan in Kentucky with bad credit is easier than you may think. You don’t need an excellent credit history to get a title loan because your car’s equity is used to underwrite the loan, not your credit profile.
The rates vary based on underwriting factors but expect an APR between 40% and 150%. Because of those high rates you want to do everything possible to pay down the amount borrowed and work to improve your credit as well. That way you can qualify for a personal loan from a direct lender in Kentucky that has low interest rates!
Get A Hassle Free Online Title Loan From A Kentucky Lender
It’s much easier than you think to get cash with a vehicle title loan in Kentucky. Apply online with Highway Online Title using our online form or give us a call at 877-433-5454. We will processing and underwrite the application and if everything matches up, we’ll connect you with a local lender near you!
