About Personal Loans With No Bank Accounts Required

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Many finance companies will grant loans on a personal basis, even if that person does not have a checking or savings account. Secure a loan with an automobile title with help from a financial specialist in this free video on personal loans and money management.

Part of the Video Series: Personal Loans
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Video Transcript

Hi, this is Matt McKillen with Innovative Financial Group. Question post to me today, are there personal loans out there that don't require bank accounts? Absolutely, there's a lot of finance companies that are in business in different cities, and communities that will actually grant you a loan on a personal basis without having any type of checking or savings account with them. Another avenue also for that is you could use a car title for example. If you have a car free and clear and you want to take a personal loan you can secure the loan with the automobile title and they don't require that you have either a checking or savings or any type of personal bank account with the institution. So what my experience has shown though is that generally those types of loans do have a higher interest rate than perhaps maybe the loan that your bank or credit union would offer you because you have a history of checking and savings, or maybe prior loans from them in the past, or investments like CD's. But there are programs available out there where you can get a personal loan without having to have a bank account. Again my name is Matt McKillen, I'm with Innovative Financial Group.


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