Apply For Up To $10,000 With Online Title Loans In Kentucky
If you’re looking for quick cash in Kentucky, a title loan could be a good option for someone looking to borrow more than $2,000. Instead of borrowing cash with no collateral, a secured title loan means you can tap into the vehicle’s equity and a lender will use that as security for the amount they loan you. 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 in Kentucky 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.
The ability to repay the loan in full by the due date. Work with your lender to set a monthly payment and payoff date that works for your budget.
If you have all of these things, you should be able to get approved for an online title loan. The process is quick and easy, and you could have cash in hand in as little as 24 hours. There are no store visits required in Kentucky, so you can apply online or over the phone and get started right away.
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 the 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. Even with poor credit or no credit history, you could still qualify as long as you have a car with equity and can prove you have the ability to repay the loan each month.
The great thing about title loans is that they’re available to people with all types of financial backgrounds. Whether you have good credit, bad credit, or no credit at all, you could still be eligible for a car title loan. The interest rates are going to be high as most lenders will do a minimal credit check. 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!
How To Determine My Vehicle Value For A Kentucky Car Title Loan?
When you’re taking out title loans in Kentucky, the loan amount and interest rates will be based on the value of your car. In order to get an accurate estimate of how much your vehicle is worth, you’ll need to have it appraised by a professional.
The easiest way to do this is to bring your car to a dealership and ask them for a trade-in value estimate. They will inspect your car and give you an estimate of what they would pay for it if you were to trade it in. You can also check online valuation services like Kelley Blue Book or NADA Guides to get an idea of your car’s value. These websites will ask you for information about your car’s make, model, year, and mileage. Based on that info you can get a good idea of your title loan value from a vehicle equity lender in Kentucky.
How Can I 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. All you need is a car with equity and a few other things and you could have the money you need in as little as 24 hours.
To see a quick quote, all you need to do is fill out the Highway Title Loans or give us a call at 877-433-5454. Once we have your information and vehicle details, one of our loan specialists will work with you to determine the monthly payment and other terms. Or perhaps you have an existing loan with another lender, in that situation, we could see if you qualify to refinance the car title loan. If everything looks good, we’ll set up a time for you to come in and sign your loan agreement. Once that’s done, you’ll get your cash and be on your way!
It’s really that simple! There are no store visits required for borrowers in Louisville and you can apply online or over the phone. So what are you waiting for? Give us a call today and let us help to get the cash you need!