Car Title Loans

In need of cash but out of a job? Receive no income verification loans secured with your car title from reputable partner lenders at CocoLoan.

Want to borrow more than $5,000? Click here!

Can I Get Car Title Loans with No Income Verification?

Yes, it is possible to get car title loans with no income verification. Simply put, every car owner with a lien-free automobile is eligible to secure a car title loan. When lenders ask you for income verification, most of them simply want to know your ability to repay the loan.

So, if you don’t have a job, you can still put up your vehicle as collateral and receive funding. All that you require is some proof of cash flow that can aid repayment.

What Can Be Regarded as Proof of Income for Car Title Loans?

These days, you do not necessary need a regular employment or salary to be eligible for car title loans. There are multiple other income sources that lenders will recognize as valid for a loan request. Below, we highlight six of these financial documents that can stand as proof of income when applying to secure car title loans.


Have you been saving up for retirement with your insurance company? Then you can use the funds from that financial product as proof of income at a reputable car title lending company.

Most people have investment contracts with their insurers to pay them a fixed amount of revenue in the future. If you have such arrangements, it can qualify as an alternative income source for lending purposes.

Social security Benefits

If you are retired and eligible to receive social security benefits, then you have viable proof of income documents in your hands. Many lenders recognize social security retirement benefits as a regular source of cash flow for senior citizens. When coupled with a lien-free vehicle, you can receive a considerable amount of money as a car title loan.

Bank Statements

Your savings in the bank could also be a perfect proof of income, especially when you have a bank statement as evidence of your cash flow. Simply forward your statement to a lending company to get car title loans.


The money gotten from a divorce or separation settlement as financial support can also serve as valid proof of income to most lenders. All you have to do is provide documents stating the nature of the allowance and it can be an alternative to your paycheck.

Court Settlements

It’s a common occurrence to win money as damages or legal costs after a court proceeding. Even if the money is not ordered by a judge but given by the other party as a settlement, it still counts as a source of income.

You can save such funds in your bank and tender the bank statement as evidence of cash flow. Additionally, you can receive regular payments of parts of the lump sum just like an income. Either way, you have financial records that can support an assessment of your repayment ability.

Worker’s Compensation/Severance Pay

If you were relieved of your duties at your former workplace, the compensation or severance pay can be an alternative to traditional income. In the same vein, you can use it in your application for a car title loan.

What Should I Prepare for Getting a Car Title Loan with No Income Verification?

With matters of job verification and proof of income out of the way, there’s still a small hurdle to cross before you receive your car title loan. Lenders typically request that you provide relevant documents to support your application. Here are some of them:

  • Car Title: Arguably the most important, this car title must be issued in your name. If the car belongs to you but the title has another bearer, you can process a title transfer at your state DMV.
  • Government-issued Photo ID: You will also need to show a valid means of identification issued by a government authority. Your international passport, driver's license, or state ID should suffice.
  • Proof of Residence: Provide documents to confirm that you live in the state such as a rental agreement, bank statement, or utility bill.

Where to Get Title Loans without Proof of Income Near Me?

CocoLoan partners with a wide range of lenders across the United States. So, if you’re out to get a car title loan, you can start your request on our website. Here’s the simple three-step process to apply for a loan within minutes.

Step 1: Complete the Online Form

Fill out the online form on our website. Be prepared to supply personal information and some financial details. Also, provide accurate information about your vehicle, the model, and current mileage.

You can complete this process as quickly as three minutes. Once you submit, CocoLoan will forward your details to lenders in your area.

Step 2: Visit the Car Title Lender Store in Your City

After reviewing your information, one of our lenders will contact you with instructions to visit a nearby loan store. Be sure to take your car title, proof of income document, motor vehicle insurance, and proof of residence along.

During your visit, the lender will assess your vehicle to determine the loan amount you’re eligible for.

Step 3: Sign the Paperwork

If the offer satisfies your needs, reach an agreement with the lender and sign all necessary paperwork indicating you accept the offer.

Step 4: Receive Your Funds

Once all the above processes are completed, your loan will be paid into your account as early as the next business day.

How much would you like to borrow?


How Much Cash Can I Get from Car Title Loans with No Income Verification?

The loan amount you can secure from lenders depends on the value of your car. So, the more expensive the market price of your car is, the higher the loan amount you’re eligible to request. Generally, you can request between $100 to $35,000.

However, lenders will not give you the exact worth of your car. Instead, your loan amount will be a percentage of your vehicle’s total value. Car title loans have quite expensive interest rates, so it’s advisable to choose loan offers that you can easily repay.

Will I Lose My Car If I Fail to repay the Car Title Loan with No Income Verification?

Unfortunately, yes. The chances are high that lenders may take over ownership of your cars if you fail to repay your no-income-verification car title loans. That’s because when receiving the loan, you put up your cars as collateral in the case of default.

You should contact your lenders when you realize you are unable to repay your car title loans on time. Explain your situation to the lenders and see if they have any information that can help you.

default img
default img
default img

Get Approval for a Car Title Loan without Income Verification Today!

Submit your details on CocoLoan and get connected with several lenders near you. Secure approval within minutes without having you undergo income verification today.

Try Right Away