ONLINE TITLE LOANS IN
KENTUCKY WITH NO STORE VISIT!

Same Day Car Title Loans In Kentucky

Did you know that cashing out equity from a newer vehicle in Kentucky is possible with cash in hand in 24 hours or less? You only need a paid off car and monthly income to qualify for a same day title loan, and the best part about these secured loans is that you can get approved with a FICO score of 600 or less!

You must own your vehicle outright with no liens against it to qualify. While most cars with a clean and clear title can be used as collateral, you have the best chance of borrowing $2,000 or more in Kentuck with a vehicle valued at $5,000 or more. The car’s title must be in your name, meaning no cosigners or other loans can be attached to the pink slip and you must verify that you make at least $2,000 or month.  We’ll also need proof of vehicle registration and full insurance coverage.

In some situations, you must prove that the car is in decent condition and matches the current appraised value. That means a quick vehicle inspection, which can be done at any licensed lending location and often takes less than 30 minutes. Some lenders will allow you to verify the vehicle with a comprehensive video of the vehicle, but you won’t be able to borrow as if you had brought the car in for inspection.

Kentucky regulations state that all lenders offering title loans and other types of unsecured loans must be registered and provide loans in line with state restrictions. While failure to repay your title loan can result in repossession, you have rights as a consumer, and your lender must allow you a certain amount of time to reclaim your vehicle. You can file a complaint with the Kentucky Department Of Financial Institutions if your car was repossessed without due process.

Loan Amounts With A Kentucky Title Loan

Your funding amount is based on the vehicle’s resale value, and you can borrow between $1,500 and $20,000 with a Kentucky title loan. We accept most cars, semi trucks, and SUVs as long as they are completely paid off with a pink slip in your name. As of 2024, we also accept motorcycles as collateral, and most newer bikes will qualify for a title loan of $1,000 or more.

The process of determining your vehicle’s value starts with a vehicle appraisal. The appraisal and vehicle inspection are typically performed at any lending location in Louisville, Lexington, or other large cities in Kentucky. A loan specialist will inspect your car to determine its value and then offer you a title loan amount based on its current resale value. All loan amounts are different, and you can expect to borrow 50% to 60% of your car’s value with a title loan. While most title loans don’t require good credit, some lenders offer higher equity loan amounts to people with excellent credit. Let us know if you have a FICO score of 700 or higher, as we’ll use that information while underwriting your loan to get you more favorable payoff terms.

Other Benefits Of Title Loans In Kentucky Include:

– Get your funds in 12 – 24 hours after you apply. Some local finance companies in Louisville can provide cash quicker, sometimes within an hour!

– You get to keep and drive your car while making payments. There’s no need to hand over your vehicle to a title pawn company or pawn shop. Any lender will be okay with just the car title as collateral.

– No prepayment penalties. It’s in your interest to make early loan payments and pay off the entire amount as quickly as possible. Work with a title loan company in KY that doesn’t charge a prepayment penalty.

Low monthly payments. Your lender should offer a monthly payment that works for both parties. Ensure the amount fits your budget and allows you to quickly get your pink slip back.

Can I Get Cash For My Car In Kentucky If I Have Bad Credit?

Here at Premier Title Loans, we understand that things happen in life, and sometimes people run into financial trouble. That’s why we don’t require a credit check when qualifying for online title loans in Kentucky. Even if you’ve been turned down for a personal loan or cash advance, you should have no issues getting approved with a bad credit title loan.

These loans don’t rely on your credit history; instead, the focus is on your vehicle’s equity. Cars valued at $5,000 or more will qualify without a standard credit check, and you get approved, underwritten, and funded in less than one business day solely based on your car’s value. You don’t need to worry about your FICO score when you apply for a title loan in Kentucky!

Interest Rates And Refinancing Options With A Kentucky Title Loan

Interest rates on title loans in Kentucky are high, and most companies assess an APR of 25% or more monthly. Some lenders offer introductory rates on title loans for the first few months but then raise your rates considerably over the last half of the payment term. Understanding all the costs and fees associated with your title loan is vital, as you can repay far more in interest than you initially borrowed.

Refinancing your loan can be a great option if you feel you’re paying more than you need to. Many people come to us with interest rates approaching 100% and they’re shocked to see how much quicker they can repay their loan by lowering their APR with a quick refinance. Premier Title Loans offers a no-obligation estimate that shows how much you’ll save in 20 minutes or less with a refinance. We’ll let you know how low your interest rate will be and most customers in Kentucky can save 50% or more by making a quick call and refinancing their title loan!

Apply Online With Premier Title Loans

We provide access to online title loans for consumers throughout Kentucky. If you prefer to apply with an in-person lender, we can match you with a local finance company in cities such as Lexington or Bowling Green. There’s no longer a need to wait weeks to get cash from a secured lender. With Premier Title Loans, we can find a direct lender in Kentucky that offers same-day approval and funding, so apply online or call 800-250-6279!