Can You Get Title Loans Without a Bank Account?

If you currently do not have a bank account, you might be new to banking, trying to avoid banking fees, or you simply do not meet the minimum balance requirements for maintaining a checking account. Unlike traditional bank loans or payday loans, you will not need a bank account to get a title loan.1

If you don’t have a bank account and need cash quickly, ChoiceCash title loans can be the answer. Secured loans like title loans can be much more flexible than unsecured loans during the application and repayment process. With ChoiceCash title loans serviced by LoanMart, eligible borrowers can receive and repay their funds without the hassle of a bank account!1

How To Qualify for Title Loans Without a Checking Account

ChoiceCash title loans are secured by collateral, which is the title to a qualifying car, truck, or SUV. By meeting the requirements and providing the right documentation, you can access a hassle-free application process and get your money in as little as 24 hours – even with bad credit or no bank account!1

The requirements for a car title loan are straightforward. To get approved for emergency cash, you will need to be of legal age, have a title to a qualifying vehicle in your name, and be able to submit proof of your ability to repay the loan.1

While it is possible to qualify for a car title loan without a bank account, one of the drawbacks of not having one is that you must be able to prove your income without bank statements during the application process. As long as you have recent pay stubs or another qualifying document, you don’t need a checking account to apply for a title loan. Other documents that you can submit to prove your income besides pay stubs and bank statements include the following examples:1

  1. Disability or Workers’ Compensation Award Letter
  2. Pension or Retirement Income Statements

Besides proof of income, other required documents to qualify for a title loan will typically include the following:1

  • A Car Title in Your Name
  • Proof of Residence Through Recent Utility Bills, Credit Card Statements, etc.
  • Recent Photos of the Vehicle, Including the Exterior and Interior
  • A Valid Driver’s License, U.S. Passport, Permanent Resident Card, or Another Government-Issued ID

For your convenience, these documents can be uploaded online or sent to a ChoiceCash title loan agent through email or text message!

How Do I Apply for a Title Loan Without a Bank Account?

title loans without bank account

Applying for a title loan can be simple regardless of whether you have a bank account. With ChoiceCash title loans, there are just three simple steps involved with applying for the cash you need:1

  1. Choose How to Apply: Complete a short prequalification form online or speak to a title loan agent today by calling 855-422-7402 and find out if you are pre-approved for a ChoiceCash title loan.1
  2. Provide Documentation: If you are pre-approved for a car title loan, a title loan agent will ask you to submit several documents to verify your information.1
  3. Get Your Money: Upon final approval, you can decide how to get your money and sign your loan agreement! If you do not have a bank account, you can choose between receiving a check in the mail or picking up your funds at any nearby participating money transfer location.1

Got any questions about applying for car title loans without a checking account? ChoiceCash title loan officers are available 6 days a week for extended hours to take your call. Dial 855-422-7402 to learn more about car title loans and the flexible application process today! Qualified borrowers can take advantage of competitive interest rates, zero prepayment penalties, and fast funding.1

FAQs About Applying for a Title Loan With No a Bank Account

Are you thinking about applying for a title loan without a bank account? Below are a few commonly asked questions that can help you learn more about this type of secured loan:1

Will I Ever Need a Bank Account With a Title Loan from ChoiceCash?

No! From the start of your application to your final loan payment, you will not need a bank account with a ChoiceCash title loan. You can receive and repay your title loan proceeds at any participating money transfer location near you.1

Where Can I Apply for Title Loans Without a Bank Account?

One of the many advantages of applying for ChoiceCash title loans without a bank account is that you can start your application from home! Complete a short questionnaire online or dial 855-422-7402 to get started and find out if you are pre-approved for emergency funding.1

How Much Can I Borrow Through a Car Title Loan With No Bank Account?

Whether or not you have a bank account will not affect the amount you can borrow through a title loan. Depending on your income, state of residence, and the value of your vehicle, you can borrow up to half of your vehicle’s value through a title loan.1

Nooreen B.
Nooreen B.
Nooreen B. is a seasoned financial writer who is currently based in the windy city of Chicago and is a valuable member of the ChoiceCash content team. With over 5 years of experience in the financial services industry, including tenures at a variety of Fintech companies, Nooreen confidently produces quality content that adheres to the strict editorial guidelines for ChoiceCash. In her free time, she competes in local watercolor art competitions in Chicago.