Hyperlend is a leading provider of title loan lending services in Utah and we can help you get up to $20,000 with an online car title loan. When a person applies for a secured title loan, they’re looking to access the equity available in their vehicle. These loans are great for someone seeking a more significant amount of cash than a normal payday loan or unsecured personal loan and you can be approved without a traditional credit check! Lenders know you have collateral in the form of your vehicle and they would much prefer to rely on that equity versus relying on your credit history.
What Is Needed To Apply For Car Title Loans In Utah
Did you know that Utah has dozens of direct lenders spread out all over the state and it’s quite easy to get approved and have your loan funded within one business day? That makes it so easy to get started entirely online with a quick application. It takes less than 40 minutes to submit your personal details and vehicle information and go through a subsequent underwriting review. After that, you and the lender will look to agree on the lending terms and financing details.
At this point, only two things remain before you can pick up your cash at an equity lending location in Utah. Your lender will first want to complete a vehicle inspection and in most situations, this is done at an authorized inspection location in the state. During the initial inspection, your vehicle may be checked out for any defects and other mechanical issues that could cause it to be worth less than the resale amount in UT.
After the vehicle is inspected, the car’s title will be signed over to the lender as a way to secure the loan further. After the paperwork has been signed and notarized, it’s simply a matter of coming into a title lending storefront in Utah and signing your final paperwork. If you reside near Salt Lake City or St George, you’re in luck as there are a handful of offices where you can sign the documents and pick up the cash within a few hours! The entire process can be done within one business day in most cases!
Why Apply With Hyperlend For Utah Title Loans?
When you’re looking for title loan lenders in Utah there are dozens of options to choose from but not all are created equal. That’s why many borrowers have turned to Hyperlend when they need access to quick cash. We work with a select group of title loan lenders who offer some of the lowest interest rates in the state along with flexible repayment terms. You can even qualify for an extended repayment plan if needed without any penalties or pre-payment fees.
We also offer title loan refinances and buybacks in the State of Utah. When someone is looking to refinance, they’re essentially looking to get a new title loan contract with more favorable terms and likely a lower monthly payment. This can include a lower interest rate to more flexible repayment options. A title loan buyback is when the borrower pays off their outstanding title loan balance and sells the car back to the lender for a reduced price.
If you’re interested in learning more about title loans or any of our other equity lending products, then by all means please reach out to one of our helpful representatives today or stop by any local office within Utah! We’re ready to assist you with a lending quote or estimate. Bottom line, we will help you get started with your online application. Apply now and you could have cash in hand within 24 hours!
What Are The Interest Rates For Utah Title Loans & How Much Can I Borrow
The interest rates for title loans in Utah can vary depending on the specific lender you work with but are typically much higher than bank and installment loans and more in line with the rates from payday advance lenders. You should expect to pay a large amount of money each month just towards your interest payment and that’s why you need to make extra payments and not solely pay the minimum amount. For applicants with bad credit who have a low value vehicle the interest rates will be very high and could approach 100%. Contact your lender after making a few on time payments and see if they are open to lowering your rate or renegotiating the payoff terms!
The amount you’re able to borrow will also be dependent on the value of your vehicle as well as whether you can pay back the loan. Most title loan lenders in UT will allow you to borrow up to $5,000 but some may offer more depending on your situation and how much the car is currently worth.
Auto Title Loans With Bad Credit In Utah – How To Get Approved
Online title loans in Utah can be an excellent option for someone with bad credit who needs quick cash but doesn’t have anywhere to turn. Unlike traditional personal loans, car title loans are secured by the borrower’s vehicle so the lender has a lower amount of risk if the borrower defaults on the loan or misses a few payments here and there. This means that car title loan lenders are often willing to approve borrowers with poor credit who might not be able to qualify for unsecured loans or cash advances.
Complete the online application and provide some basic information about yourself and your vehicle. Once we have your vehicle info and lending details, one of our helpful representatives will be in contact to go over your options and help you choose a title loan that’s right for you. In most scenarios, we can get you approved and funded within 24 hours!
Locations Served in Utah: