man questioning a no bank account loan

Is It Possible To Get A No Bank Account Loan?

Only some individuals have a bank account, and it can be challenging to find an emergency loan without a bank account. This can make it difficult to gain financing, but there are options.

Thankfully, Delaware Title Loans, Inc. offers auto title loans for individuals without a bank account. Our no-bank account loan enables you to get emergency money for unexpected expenses. Keep reading to discover how you can use your lien-free car title to get a no-bank account loan.

How Can I Get A No Bank Account Loan?

Why Bank Accounts Are Often Required

There are two reasons why many lenders require that you have a bank account before loaning you money. The primary reason is the reduction of risk. A bank account is also typically required for direct deposit, which many employers use.

Finally, requiring a bank statement shows the lender how much money you earn, how much you spend, and how much is typically left at the end of the month. That lets them know if you can repay a loan.

The Lender You Use

Getting a no-bank account loan sometimes depends on which lender you use. Private lenders can make their own rules, but many want to see a bank account on your application because that is how they deposit the borrowed money or make automatic payments in repayment.

The Type Of Loan

A private lender's requirements for having a checking account often depend on the type of loan you're seeking. An auto title loan rarely requires that the borrower has a checking account because the title serves as collateral.

woman questioning no bank account loans

Picking The Right Lender And Loan

The key to getting a no-bank account loan is to have collateral. An auto title loan would be an option for many people who own their vehicle outright. All private lenders aren't the same regarding auto title loans. Some require bank accounts.

 Some offer lower maximum amounts and could be harder to work with regarding the application and repayment, while others are a breeze. Delaware Title Loans, Inc. is a lender that offers title loans as a no-bank account loan option. We also provide a great range of auto title loan amounts from $300 to $15,000, depending on the value of your vehicle.

We also have a quick in-person process where you could complete an application and get a decision as quickly as a half hour! If approved, you will get your emergency money that same day or on the following business day. Our requirements to get a title loan with us are simple:

  • Applicants must be over 18 to apply for a loan with this lender.
  • You must have a driver's license or an ID issued by the state.
  • You must have a clean title to the vehicle. A clean or lien-free title means no one has placed a judgment or claim on your vehicle, such as a mechanic's lien or the previous car owner for a car loan payment.
  • The vehicle must be in your name alone. 
  • You must also have your vehicle with you for inspection.

Applying Is Easy

Applying for a no-bank account loan with us is incredibly simple. It starts by you filling out some basic information showing interest on an inquiry form found on the website.

This isn't an application but lets Delaware Title Loans Inc. know you are interested in our vehicle title loans. Our loan representative will call you and explain more about the loan and the process.

One of the advantages of working with us is we don't require you to come to a store. You can have a loan representative meet you at a different location, making it easier and more comfortable.

excited man with car title loan cash

No matter where you meet the loan representative, you must bring your license or ID, title, and vehicle. Our loan representative will review your documents to validate them and quickly inspect the car.

A vehicle inspection determines how much money you are qualified to borrow. Once approved, you can access money either on the day of approval or the following business day.

Benefits Of An Auto Title Loan

Getting an auto title loan with Delaware Title Loans, Inc. has some advantages besides not requiring a bank account to apply. The primary benefit is you keep your vehicle. We only hold the title; all you have to do is stick to the repayment schedule.

Another benefit of working with us for a no-bank account loan is that those with bad credit can apply. While there is always a chance that we will need to check your credit beforehand, we don't only look at that when determining if you qualify. It relies on other factors for an approval decision, including the value of your vehicle.

Get Started Today!

All it takes to determine if this no-bank account loan option is right for you is to fill out our online inquiry form. The form doesn't obligate you to a loan but will connect you with a loan representative who can answer your questions. Fill out our online inquiry form and see how much money you can get to fund an immediate situation today!


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

Mason Roberts

Mason Roberts is a seasoned economics writer and blogger with a knack for breaking down and simply communicating the ever-changing world of finance. He is philosophically committed to the premise that financial knowledge equals financial freedom.