Car Title Loans 123 offers fast pre-approval for Kentucky title loans!

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What Is My Vehicle Worth In Kentucky

How Much Cash Can I Get With Title Loan In Kentucky?

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Car Title Loans In Kentucky - How They Work

As many of our customers know, it's more difficult than ever to get a personal loan if you have bad credit, and it doesn't even make sense to apply if you're looking for a loan of $3,000 or more. One option in Kentucky is a title loan that uses your vehicle as collateral. You can borrow up to $15,000 and the credit requirements are minimal.

Car Title Loans 123 has been offering fast access to auto title loans in KY for nearly a decade, and these loans are now more popular than ever. We can take your application online or over the phone at 844-567-5011 and we'll work to get your loan pre-approved in less than an hour. Read on to learn more about the interest rates, loan amounts, and what's required!

 

Am I Qualified To Get A Title Loan In Kentucky?

To get a car title loan in Kentucky, you'll need a car that's paid off or almost paid off and has a lien-free pink slip. You don't need to hand over your vehicle as security, and you can keep driving while paying off the loan, but you do need to give the lender your pink slip as they'll be added as a lienholder to the car's title. You also need to show income verification with documents from your bank or employer. Some companies will even accept Social Security and disability income if you make over $1,500 monthly.

Other less common lending requirements may include showing proof of vehicle registration in KY with valid tags. Also, gather your current vehicle insurance and any documents or paperwork that can be used to verify your current income status. Some companies want to inspect the vehicle in person, typically in larger cities such as Lexington and Louisville. Having your car inspected can lead to a higher loan amount and most companies offering title loans of $3,000 or more will require some form of an inspection.

 

What Are The Benefits of Applying for Title Loans In Kentucky?

There are several benefits of applying for title loans in Kentucky. The approval and underwriting process with these types of loans is quick, and you can expect funds in your bank account within 24 hours or less. Another benefit is that you only need your lien free car title and proof of income to qualify. Compare that to what's required for a personal loan, and you'll see a huge benefit of applying for an auto title loan. The last benefit is that you can repay these loans anytime without being charged an early payment penalty. Unlike installment loans, you can pay down the balance in the 1st month or 30th month, and you'll only pay the interest accrued until that point!

 

Ohio River in Louisville KY

 

Bad Credit Car Title Loans - How To Qualify

Title loan providers don't require good credit because title loans are secured with your car title. The lender knows they can repossess the vehicle if there's ever a default, and that's why they're less concerned about your FICO score. Compare that to a lender with no collateral backing up the money they lend, and you may quickly realize why title loans in Louisville are so popular. Bad credit title loans are an option for anyone in Kentucky, and you can get started online with Car Title Loans 123 or by calling 844-567-5011!

 

How Much I Can Borrow With Vehicle Title Loans In KY

Loan amounts in Kentucky almost entirely depend on your car's value and your ability to repay the lender. The loan amount may be higher for someone living in a larger city like Louisville or Bowling Green, as the resale values are sometimes higher in Metro locations. Funding amounts range between $1,500 and $15,000, and some lenders offer higher funding if the vehicle is brand new or has very low mileage. The interest rates for vehicle title loans are typically above 50%, and some customers will find it challenging to repay their loan if they don't pay more than the minimum each month.

 

Applying For Title Loans With Car Title Loans 123

You can apply online by filling out the Car Title Loans 123 application or by phone at 844-567-5011. You also have the choice to meet with a local lender in Louisville or Lexington that takes in person applications. Either option is acceptable, but we recommend the online method as it's faster, and you can do it from home. One last thing to note regarding how you apply: secured lenders in Kentucky can process and underwrite your application quickly! Sometimes, the funds can be approved and disbursed in less than an hour, so picking up your cash from a title loan lender in KY is convenient.

 

*INTEREST OF 36 PERCENT PER YEAR PLUS THE CURRENT FEDERAL FUNDS RATE. TITLE LOANS HAVE ANNUAL PERCENTAGE RATES THAT START AT 3% A MONTH AND GO UP FROM THERE. APPROVAL IS BASED ON AND SUBJECT TO THE APPLICANT SATISFYING THE CREDIT REQUIREMENTS IN PLACE BY TITLE LENDERS. SOME LENDERS MAY REQUIRE APPROPRIATE COLLATERAL, SUCH AS THE VEHICLE’S PINK SLIP.


THE SPECIFIC LENDING AMOUNT, PAYOFF TERM, AND APR OF A TITLE LOAN THAT THE APPLICANT QUALIFIES FOR WILL VARY BASED ON EACH UNIQUE SITUATION. ANY PERSONAL LOAN SHOULD BE INTENDED FOR FINANCIAL EMERGENCIES OR TO MEET REAL-TIME PERSONAL OR BUSINESS NEEDS. THE MINIMUM AMOUNT OFFERED WITH A TITLE LOAN ONLINE IS CURRENTLY $2,501. ALL APPLICANTS WILL NEED TO SHOW AN ABILITY TO MAKE ON-TIME MONTHLY PAYMENTS AND ULTIMATELY PAY BACK THE LOAN. BORROWERS ARE URGED TO MAKE EXTRA OR EARLY PAYMENTS AS A WAY TO PAY OFF A TITLE LOAN EARLY AND AVOID EXTRA INTEREST RATE CHARGES. SEE CHART BELOW SHOWING EXAMPLE RATES AND PAYMENT TERMS.

Annual Percentage Rate Finance Amount Amount Financed Min Payment Monthly Payment Total Months
34.89% $1012.80 $2511.00 $143.95 $3474.80 22 minimum
34.37% $2043.05 $2520.00 $102.02 $4436.88 42 maximum

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