UTAH TITLE LOANS
WITH ONLINE PRE-APPROVAL

Qualify For A Utah Title Loan & How Do They Work

Utah title loans are an excellent way for people to borrow cash using their vehicle as collateral. You don’t need good credit to be approved for these loans; there likely won’t even be a full credit check. These loans use the equity in your car, truck, or motorcycle, or even a boat or RV, to secure a loan that can be repaid over a specific term. Per the Utah Title Lending Act, you are allowed to keep and drive your vehicle as needed while making payments. You can only have one active title loan on the vehicle at any given time.

To qualify for a title loan in Utah with Premier Title Loans, you’ll need a lien-free vehicle title and proof of income, such as bank statements or employer verification. The car’s title must be in your name, and there can’t be any other lienholders or lenders claiming ownership of the vehicle.

Loan Amounts With A Title Loan

Some well-qualified customers can borrow up to $25,000 with a high-value vehicle as collateral. While consumer lenders are regulated in Utah, the state sets no minimum loan amount, but the maximum you can borrow is limited to the fair market value of your vehicle. Qualified customers have the best chance of qualifying with a 2015 or newer vehicle with less than 100,000 miles.

Your loan is based primarily on the equity in your car, and qualified applicants with a lien free car can borrow 30% or more of the vehicle’s value. To determine the vehicle’s value, a licensed lender in Utah will likely use the current resale value of comparable sales in the Beehive State. After selecting the current value, they will schedule an in-person inspection to verify it and ensure the vehicle runs and is in good working order.

While getting your vehicle inspected can be a bit of a drag, it helps speed up the underwriting process, and some lenders offer larger loan amounts once they’ve conducted an inspection.

Interest Rates For Vehicle-Secured Loans In Utah

The interest rates for online title loans in Utah range from 30% to the triple digits. No doubt, title loans that don’t require perfect credit have high interest rates, and you can dig a hole if you miss payments or borrow more than you can afford. Shop for the best rates and get multiple quotes from local companies. Even saving a few percentage points on the APR can mean a much more affordable repayment term and a lower risk of defaulting on payments.

One option that’s become popular in Utah over the past few years is refinancing. You can lower your interest rate to help you avoid a potential repossession if you’ve fallen behind. Even if you took out your title loan only a few months ago, we may be able to save you thousands by connecting you with a local lender who can reduce your interest rate.

Call us at 800-250-6279 to lower your APR and save money. You may be able to get a new payment term that’s less than what you’re paying.

Auto Title Loans Online With Bad Credit

Auto title loans are available to vehicle owners with poor credit and can typically be approved in Utah, even with a low FICO score. These loans may be a good choice if you have less-than-perfect credit, because your car’s title is used to underwrite the payoff terms. Unsecured lenders will solely focus on your credit history, while secured lenders are more focused on the equity in your vehicle. There may be an initial credit check to look for past repossessions, bankruptcies, or credit lawsuits. Still, you shouldn’t worry that a poor credit score will lead to your application being denied.

Apply For Online Title Loans In Utah Or Go With A Local Lender

Apply with Premier Title Loans to be matched with a licensed lender in Utah. You can apply online or by phone, and, as always, you can meet with a direct lender in person anywhere in the state. There are additional fees for nationwide customer service, processing paperwork, and wire transfers.

Local lenders around Salt Lake City and St George often have physical locations, making it easier to get cash quickly. If you’re comfortable applying online, start with our form; we can get you pre-approved and match you with a top local lender in Utah.

Another benefit of applying with a local company in Utah is getting your funds immediately after signing the contract. The exact time frame depends on the lender you work with, but some loans are funded in as little as one business day if you have all the documents ready to go. With an online lender, transferring funds via bank wire or ACH to your account may take a few days.

When comparing licensed lenders, ask about funding times and associated fees to make an exact comparison. By applying with Premier Title Loans, we’ll handle all the work for you and make it easy to get a quote and compare lenders.

Apply Online Now With Premier Title Loans

Do you own a vehicle worth that has considerable equity, and can you verify your income and Utah residency? Is your car entirely paid off and registered with the Utah DMV? If so, you can start by applying online or by calling 800-250-6279. You can also use our car title loan calculator to see your estimated monthly payment and APR before speaking with a rep. Apply today.