No Bank Account? You Can Still Get a Title Loan

Roughly 5.9 million U.S. households, about 4.5%, don’t use banks at all, according to the FDIC. Whether it’s due to past financial issues, high fees, lack of trust, or simply personal choice, not having a bank account shouldn’t stop you from getting the cash you need. If you own a car and can show steady income, you likely qualify for a title loan—even without a bank account or bank statements.

At Montana Capital, we offer flexible options like money transfers, checks, and prepaid cards to help you access funds fast.

Is it Possible to Obtain Title Loans Without a Bank Account?

Yes, it is possible!

Thankfully, there are options for securing quick funds by using your vehicle as collateral, even without a checking account.

You can get an auto title loan without a bank account if you meet the basic requirements, such as having a clear title, being over 18, and providing sufficient proof of income when you apply.

How Can I Provide Proof of Income for Title Loans without a Bank Account?

Not having a bank account doesn’t mean you can’t prove you have an income source.

Here are some accepted documents you can use to show you have the income to repay the loan:

  • Social Security Benefits
  • Cash Settlements
  • Passive Income
  • Severance Pay
  • Worker’s Compensation Pay
  • Annuity
  • Trust Fund Income
  • Tax returns
  • Disability Insurance
  • Monetary Settlement Ordered by Court
  • Inheritance

Serving You Across The US

We serves applicants from more than 30 States! By connecting with a trusted lender, we help people apply for a title loan safely and quickly. Call us now and let our support team guide you.

See How Much Money You Can Get?

How to Get Loans Without a Bank Account and With Bad Credit?

Looking for quick cash but don’t have a bank account?

While personal loans often require good credit, title loans can be an option even with bad credit, thanks to your car’s title serving as collateral.

Your credit score isn’t the main factor for title loans approval; it’s more about your car’s value and your ability to repay. Even with past bankruptcy, no credit or poor credit, you could qualify for a title loan without a bank account.

By meeting basic requirements and providing necessary documents your secured loan can be approve today.

Here’s How to Start with a Title Loan:

  1. Apply: Fill out a short form online or call us.
  2. Documentation: A loan agent will contact you for paperwork to confirm your details.
  3. Receive Funds: Once approved, sign the contract and select your preferred method to receive your money, either through a check or at a money transfer location.

How Much Cash Can I Get?

Title loan providers typically allow you to borrow between 25% and 50% of your car’s value. Knowing your car title’s worth lets you estimate the loan amount you might receive.

Title Loan Example

For example, if your car’s value is $10,000, you could potentially obtain a loan ranging from $2,500 to $5,000.

Our maximum title loan offer goes up to $50,000.

How to Repay Title Loans Without a Bank Account?

You have several options for repaying your loan without a bank account. Regardless of which method you choose, the most important rule is to always pay on time to avoid late fees and other penalties.

Here are some common ways to repay us and likely most licensed title loan lenders:

  • Repaying over the phone.
  • Mailing your payment directly to the lender.
  • Making a payment in person at the lender’s office.
  • Using the lender’s mobile app, if available, to complete your payment.

How to Receive Your Title Loan Funds

One significant benefit of title loans is the possibility of receiving cash within just 24 hours.

Our streamlined approval process is designed to put the money in your hands quickly.

Wondering how fast?

Some qualified borrowers may receive their funds just 5 hours after application!

And if you don’t have a bank account for direct deposit, don’t worry—there are various alternatives to access your funds instantly:

  • Via MoneyGram
  • By receiving a check in the mail
  • Using a prepaid or debit card

Requirements for Securing Fast Cash Loans Without a Bank Account

If you’ve decided to get a title loan, here’s what you need to present for loan approval:

  • The original vehicle title, confirming you as the sole owner.
  • A government-issued ID matching the name on the title.
  • A utility bill or another document to prove residency, with a name that matches the title.
  • Your current vehicle registration.
  • Proof of vehicle insurance.
  • Recent pay stubs or other proof of your ability to repay the loan.

Can Someone Without Any Kind of Bank Accounts Get Approved for a Title Loan?

Are you struggling to secure a loan due to bad credit, with only expensive payday loans or cash advances as options?

Have attempts to borrow from friends or family been unsuccessful?

A title loan might be the solution you need for quick cash, without the necessity for a bank account. Having a strong credit history and an active bank account are not requirements for applying. You can receive your funds at a participating money transfer location.

We prioritize customer satisfaction, offering an easy application process, rapid funding, and no penalties for early payment.

Apply online today for a free estimate on emergency funds.

Author

  • Shir Amram
    Author:

    Shir Amram is the Chief Operating Officer at Montana Capital Car Title Loans. With over 10 years of experience in the finance industry, Shir has been an asset in her role and has contributed significantly to our company’s success, Shir’s academic background in economics and financial knowledge helps us fulfill our education mission as she creates a valuable content to our blog.