Can I Really Get A Loan Without A Bank Account?

Alabama Title Loans, Inc. hopes to clear up some of the confusion about title pawns so our potential customers will know their chances of being approved before they walk through our doors.

One of the biggest questions we get is, “Can I get a loan without a bank account?”

Certain things that may hold you back from getting traditional loans include bad credit and personal references. We want to make it as easy as possible for you to get the money you need from your car title, so we aren’t as stringent about these things.

However, there are a few requirements for getting a title loan, and in the following sections, we will reveal what they are as well as the rationale for each one.

Find out if having a bank account is one of them.

Loans You Can Get Without A Bank Account

There are actually several ways to get a loan without a bank account. Below, we’ll briefly explain your options.

1. Title Loan

A title loan uses your car’s title as collateral. If you don’t have a bank account, we can hand over the cash on the spot, without the extra step of depositing it into a bank account.

2. Pawn Shop Loan

Pawn shops trade your items for cold, hard cash and hold the items until you come back for them. Unfortunately, there is the risk of someone else purchasing your belongings before you are able to retrieve them.

3. Private Loan

Asking a friend or family member for money is another way to get a loan without a bank account. Depending on the circumstances, they are most likely going to offer the loan in cash.


The Fastest Way To Get Cash In Hand Without A Bank Account

There’s one problem with the loans described in the previous section: they aren’t necessarily available to everyone.

For example, getting short-term loans from loved ones can be awkward for everyone involved, or you may not have friends or family who can loan you money at the moment. Pawn shop loans aren’t for everyone, either. You may not have anything you’re willing to part with at a pawn shop with the risk of not getting it back.

That leaves title pawns as the only option available to the majority of people when they need fast cash but no bank account.

Alabama Title Loans, Inc. offers loans for people with good credit, bad credit, and no credit. We look at the complete picture when deciding to loan money, and not having a bank account will never stop you from getting the money you need.

Here’s Our Simple Process For Getting A Loan Without A Bank Account.

First, fill out our online form and get a call back ASAP, or call the store directly. Once we have your information, an associate will handle your application exclusively to maximize your time.

During the phone call, we will make sure you have everything you need to get your application processed quickly. If you already know what you need, you can also walk right into a store and start your application on the spot.

Requirements For A Title Pawn

There are only a few requirements for getting a title pawn (and a checking account isn’t one of them!):

  • A government-issued photo I.D.
  • A vehicle.
  • The lien-free title to said vehicle

You will need to meet the loan associate assigned to your application at some point in order to have your vehicle inspected. This isn’t a detailed inspection. We just verify its existence and make sure the VIN matches the lien-free title you have provided.

Because we require fewer restrictions than traditional loans, title pawns are one of the fastest ways to get money with or without a bank account.


No Bank Account? No Problem!

To get started on your title pawn, just enter a few details about yourself at the top of our home page. It’s literally that easy to begin your application for a loan without a bank account, good credit, or references.

You could qualify for up to $15,000 based on the value of your vehicle to be used for family emergencies, unexpected medical treatment, major home repairs, and a long list of things that could happen without a moment’s notice.

If you don’t have a bank account in your name, we can issue the money to you directly. This often saves even more time and makes it even more convenient to use auto title cash to pay bills that seem to come out of thin air.

Get Started Now!

Don’t hesitate to contact us via the online loan inquiry form to get started. After that, you will get a call from one of our friendly associates who will answer any questions you still have. You aren’t under any obligation even after you have filled out the online inquiry form, so you have all the time in the world to ask questions and decide if our loans are the best solution for your temporary financial difficulty.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Louis Tully

Louis Tully is a full-time finance writer offering financial expertise to everyday consumers. He understands the core values of finance and used his writing talents to share his own experiences with money to his readers. His articles teach how financial failures can easily become successes by making new habits and creating realistic goals.