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 give up driving your car as security for the loan. Instead, the car’s title will be enough to guarantee the loan amount.
Auto title loans with no store visit are easier to qualify for than traditional loans because they don’t require a lengthy credit check. This makes them a good option for people with poor credit or those looking to borrow more than they would get with an unsecured loan. The final funding amount primarily depends on the value of your car and your ability to repay the loan. The maximum loan amount is $20,000 for vehicles with sufficient value (think those with resale values of $40,000 or more), but Kentucky’s average title loan amount is around $2,000. Read on to learn more about what you need to qualify and how these secured loans work!
What Do I Need To Qualify For Car Title Loans In Kentucky?
- 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 employment records, pay stubs, or documentation showing social security payments 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.
- Proof that the vehicle is registered with the DMV in Kentucky.
If you choose to visit a store versus applying online, then that’s okay as well. Some applicants 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 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 directly deposited into your account. Another benefit of meeting with a lender in person is that if they require a vehicle inspection, you can complete that at the same time. A vehicle inspection often takes less than 30 minutes, and most lenders require this to verify the value of your car and check the VIN.
Kentucky Title Loans With A Bad Credit History
Getting cash with a title loan in Kentucky with bad credit is easier than you think. You don’t need an excellent credit history to get a title loan because your car’s equity, not your credit profile, is used to underwrite the loan.
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. That way, you can qualify for a personal loan from a Kentucky direct lender with low interest rates!
Title Loan Buyouts And Refinancing In Kentucky
What can you do if you have a title loan that’s in default because you can’t afford the monthly payments? Or what if you simply want to lower the interest rate on your title loan? Here in Kentucky, there are plenty of licensed lenders in Bowling Green and Louisville that will offer you new payments terms with a lower interest rate. A refinance can be ideal if you have an interest rate over 45% and Highway Title Loans knows what it takes to get the lowest APR possible.
There’s even an option for a title loan buyout if you face an imminent title loan repossession. We can match you with a company that will work with your lender to buy out your title loan. You’ll get back on track with the payments and have new payoff terms with a more favorable interest. Contact Highway Title Loans today at 877-433-5454 to learn more about our title loan buyout and refinancing options in Kentucky!
Get A Hassle Free Online Title Loan With No Store Visit From A Kentucky Lender
Getting cash with a vehicle title loan in Kentucky is much easier than you think. Apply online with Highway Title Loans using our online form, or call us at 877-433-5454 for a quick quote. We will process and underwrite the application, and if everything matches up, we’ll connect you with a local lender near you!