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Can I get a title loan with no car title?

Learn about your options if your title isn't clear or it's missing.

Title loans are a quick way to cash in on the value of your car if you need money fast and a higher amount than a payday or installment loan can offer. These loans use your car’s title as collateral so you generally need one to qualify — and it often can’t be used as collateral for another loan. But you do have some options if you don’t have a clear title on hand.

Can I get a title loan if I don’t have a car title?

No, you can’t get a title loan if you don’t have a car title. Without using your car’s title as collateral, you’d have an unsecured installment loan instead and likely would only qualify for a smaller loan. Lenders typically ask you to bring in a copy of your title when you apply.

However, it’s possible to get a loan backed by your car if you’re already using your title as collateral or you simply can’t find it.

How to get a car title loan without a clear title

You generally can’t get a title loan unless you have a clear title — meaning it isn’t being used for collateral for another loan. However, you might be able to get an auto equity loan.

Like home equity loans, auto equity loans allow you to borrow against the value you currently own in your car. Say you’ve only paid off 70% of your loan and want to use it as collateral. An auto equity loan allows you to borrow against that 70% that you own.

While there’s a difference between auto equity and auto title loans, don’t count out auto title lenders right away. Some lenders use the terms interchangeably.

How to get a title for a car with no title

When you don’t have your title or title information, you need to get a duplicate copy from your local provincial service centre. How this works depends on your province. You may be able to fill out an online form and have it mailed within a few business days or you might need to download and mail in a form to the provincial service centre or apply in person.

Typically, you need to include the following when you apply:

  • Your application. If you’re applying by mail, you’ll need to include a completed and signed application. Some provinces might require you to have your form notarized.
  • Proof of identity. Any government-issued ID like a driver’s license or passport is acceptable.
  • A title replacement fee. Some provinces might require you to pay by in person by debit, credit card or cheque.

Other requirements for title loans

In addition to having a car title, you typically need to meet the following requirements to get a title loan:

  • Be the age of majority. In most provinces, you must be at least the age of majority to get a title loan.
  • Have proof of income. Most title lenders ask to see recent pay stubs, bank statements or receipts of pensions, benefits or other types of income you receive. You don’t necessarily need to be employed.
  • Have a valid government-issued ID. Lenders typically ask to see your driver’s license, passport or other government-issued photo identification.
  • Have proof of residence. Some ask to see a copy of your lease, a recent utility bill or mortgage agreement to verify your current address.

No title? Consider these alternatives instead

If you don’t have a car title, there are other ways to get cash fast when you don’t have the best credit:

  • Payday loans. When you only need a couple hundred dollars, a payday loan can be just as fast — and nearly as expensive — as a title loan. You typically don’t need good credit for a payday loan.
  • Installment loans. Need a few thousand dollars? A short-term installment loan can be nearly as fast and give you more forgiving monthly repayments. You also don’t need good credit — though these loans are also costly.
  • Local resources. Anyone that frequently needs a little extra help might want to check out local government programs that can help you with expenses like food or childcare.

Ultimately, having your title will make it easier to get financing on your car. After you make your last car payment, you should receive the title in the mail.

Bottom line

You need your car’s title to get a title loan. But it’s still possible to use that title as collateral even if it’s currently being used as collateral for another loan or you’ve lost it. You can still get an auto equity loan or send in for a new copy from your local provincial service centre.

Check out our guide to title loans to learn more about how this type of short-term financing works.

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