Written by: Adam West
Edited by: Lillian Guevara-Castro
Finding affordable short-term loans with no credit check is a tricky process, but one that we can help you navigate.
Most consumers try to skip the credit check process because they feel that their credit score isn’t strong enough to qualify for a loan. With our favorite online lending networks, you may be eligible for a bad credit loan without adding a potentially damaging hard inquiry to your credit history.
And since the lenders that partner with these networks specialize in bad credit loans and small personal loan amounts, you may qualify for the cash loan you need — even if you have a really bad credit score.
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Short-Term Loan Prequalification With No Credit Check
When you submit a loan request to the networks listed below, the network will forward your request to each of its direct lender partners. Within minutes, you can get preapproved for a loan without a hard credit check or inquiry on your credit report.
You may also receive multiple loan offers from which to choose. Many of these offers may require a credit check for final approval, but your preapproved loan request with a soft credit check should give you the peace of mind you need to go forward with your loan application.
1. MoneyMutual
- Short-term loans up to $5,000
- Online marketplace of lenders
- Funds available in as few as 24 hours
- Simple online form takes less than 5 minutes
- Trusted by more than 2 million customers
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| Up to $5,000 | Varies | Varies | See representative example |
MoneyMutual maintains one of the largest networks of online lenders that specialize in bad credit loans. Since there’s strength in numbers, you’ll have better odds of finding loan approval when several lenders compete for your business.
This network provides small loan amounts with a shorter repayment term. You may receive multiple loan offers within minutes of submitting your request. Be aware that every offer will have a unique loan amount, interest rate, and monthly payment.
2. CashUSA.com
- Loans from $500 to $10,000
- Receive a loan decision in minutes
- Get funds directly to your bank account
- Use the loan for any purpose
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $500 to $10,000 | 5.99% - 35.99% | 3 to 72 Months | See representative example |
CashUSA is a direct lender network that offers large installment loan options, and you won’t be denied because of a poor credit history.
Whether you need a short-term loan, cash advance loan, a small personal loan, or even a debt consolidation loan, several options are available to you through this network.
3. BillsHappen®
- Quick loans up to $5,000
- Submit one form, get multiple options
- All credit ratings welcome
- Requires bank account and SSN
- As seen on CNN, FoxNews, and others
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $500 to $5,000 | Varies | Varies | See representative example |
Every online lender that partners with BillsHappen can offer more than one loan option for a borrower. This may include a secured loan or an unsecured loan from a reputable lender. You may also qualify for a loan with a cosigner that provides a better interest rate.
Loan approval takes only minutes to complete. Once you’ve completed your online loan paperwork, the lender will deposit your funds into a linked checking or savings account by the next business day.
- Loans from $250 to $5,000
- Cash deposited directly into your account
- Get money as soon as tomorrow
- Bad credit OK
- More than 750,000 customers since 1998
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $250 to $5,000 | Varies | Varies | See representative example |
CreditLoan.com is a great emergency loan option because it offers fast loan approval and can provide expedited loan processing for an additional fee.
You may also qualify for a no credit check loan through some of the lenders on this network. Make sure you understand the terms associated with any loan offer you receive before accepting the offer. This will ensure you won’t encounter any surprise fees or charges.
- Loans from $500 to $10,000
- Get connected with a lender
- Simple form & quick funding
- Get your money as soon as next the business day, if approved
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $500 to $10,000 | 5.99% - 35.99% | 3 to 60 Months | See representative example |
As you’d expect from its name, every direct lender on the Bad Credit Loans network is trained in special financing options. This means you may find a loan option that meets your needs, even if a bank or credit union has turned you down in the past.
And unlike a payday lender, every loan offer you receive through Bad Credit Loans caps its annual percentage rate of interest and repayment term capabilities — which means you won’t have to worry about being overcharged by a predatory lender.
- Loans from $1,000 to $35,000
- Large lender network
- Fast loan decision
- Use the loan for any purpose
- Funding as soon as one business day, if approved
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $500 to $35,000 | 5.99% - 35.99% | 3 to 72 Months | See representative example |
PersonalLoans.com maintains two distinct lending networks. One works specifically with each borrower who has good credit or excellent credit. The other network specializes only in bad credit loans. This means that you won’t have to worry about wasting your time with a lender who isn’t interested in working with you.
Since these loans give you ample time to pay off your debt and work within your monthly budget, they’re a great way to pay for an emergency expense, consolidate credit card debt, or use it as a small business loan.
- Short-term loan of $100 to $1,000
- Large network of lenders
- Loan decision as fast as a few minutes
- Funding as soon as the next business day, if approved
- See official site, terms, and details.
| Loan Amount | Interest Rate | Loan Term | Loan Example |
|---|---|---|---|
| $100 to $1,000 | 200% - 2,290% | Varies | See representative example |
You can get a payday loan from CashAdvance.com, which is a no credit check loan that typically only requires proof of income for approval. Your payday lender may charge a very high APR and an origination fee, but there is usually no minimum credit score required for approval.
These loans come with a super-short loan term, usually requiring a total lump sum repayment within seven to 30 days. The money is typically automatically withdrawn from the borrower’s bank account to ensure the lender receives payment.
Can I Get a Loan With No Credit Check?
Most lenders require a credit check to approve you for a loan. A hard credit check is how the lenders can view your credit history and see how financially responsible you are.
Some lenders can still approve certain loans requests without a credit check, but these loans are typically quite expensive. That’s how the lender offsets the risk associated with blindly funding a loan.
A cash advance loan — otherwise known as a payday loan — may skip the credit check as long as you can provide proof of enough income to repay your debt when you receive your next paycheck. You may also have to pay a steep origination fee for access to a quick cash loan.
That’s why you should consider an online lending network if you’re shying away from a credit check because you’re worried that your credit history isn’t good enough to qualify for a loan. These networks specialize in bad credit loans and often approve borrowers who can’t find a loan elsewhere.
These networks can process your loan request within minutes and may send you multiple loan offers to choose from. In less than one day, you can complete the online loan process and have money in your account when you wake up the next business day.
What Is the Easiest Loan to Get Approved For?
The easiest loan to get approved for is a cash advance loan. But as with most things in the financial world, the easiest loan isn’t always the best loan.
With a cash advance loan, full repayment is due within seven to 30 days or so, depending on where you live. If you can’t repay the debt when it’s due, the lender will likely roll over your loan into a new loan with added fees and interest. This can end up costing you thousands of dollars for a small loan of only a few hundred dollars.
So while these loans are easy to get, they’re also incredibly risky. You may benefit more from a personal installment loan that allows you to repay your debt over a series of monthly payments.
Some lenders may approve your personal loan application without a credit check, but you’ll likely find that these loans have higher fees. Even if you have very bad credit, you can still attempt to qualify for a personal loan from the lending networks listed above.
These networks will conduct a soft credit check under your name that won’t damage your credit score or leave an inquiry on your credit report. A preapproval using this method will give you great peace of mind if you decide to go forward with an official loan application.
Can I Get a Bank Loan With No Credit Check?
A bank or credit union is unlikely to consider your loan request without a credit check. Traditionally, these financial institutions are the most difficult to get a loan from.
Banks are especially difficult to get a loan from since most have to answer to a group of investors that demand the bank turn a profit each quarter. And risky loans rarely yield great returns.
You may still qualify for a bank loan with a bad credit score if you have a long and positive history with a specific bank or credit union. But this loan will still likely require a credit check for final approval.
Another downfall of applying for a loan with a bank or credit union is that your application will only go to that one institution. If it turns you down, you’re stuck without a loan and a hard inquiry on your credit report.
With online lending networks, your single loan request will go to many lenders at once, which helps increase your chances of approval.
The network will only perform a harmless soft credit pull during the loan request process. You’ll only submit to an official credit check if you receive a loan offer that you like and approve the lender to run your credit.
Why Do Lenders Require a Credit Check?
Lenders rely on your credit report and income to properly review your loan application. A lender may choose to avoid the risk and reject your application if it can’t access your credit reports.
But if the lender agrees to a no credit check loan, you should expect some added fees on your loan to offset the risk involved.
A credit check allows the lender to see how responsible you are with borrowing money. It shows the lender whether you’ve made on-time payments and how much debt you currently have. In short, it’s a way of putting a lender’s mind at ease by showing that you can responsibly handle any debt you take on.
It’s like a stranger walking up to you on the street and asking to borrow money. If you know nothing about this person, you’re far less likely to trust them. Your credit check is a way of introducing yourself as a responsible client to any lender you apply to for a loan with.
A lender may deny your loan application if it can’t access your credit reports.
But don’t think that previous financial mistakes on your credit report will automatically result in a loan denial. Lenders understand that people make mistakes. Many are willing to look past those errors and give you a second chance to rebuild your credit.
Thankfully, all of the lenders that partner with the online lending networks above will report your monthly payment and balance history to at least one credit bureau. This means that you can improve your credit score with responsible use.
Find the Best Short-Term Loans With No Credit Check Online
Life isn’t typically willing to wait when you have an emergency. If you’re finding it hard to find affordable short-term loans with no credit check, consider using the lending networks listed above.
Unlike a bank or credit union, these networks can preapprove your loan request with a soft credit check that won’t harm your credit score. Within minutes, you could receive multiple small personal loan offers to choose from and have money in your account by the next business day.
These networks allow each lender to compete for your business. That means you won’t be penalized for your poor credit score and can receive the best interest rate, monthly payment, and repayment term available.
These loans allow you to repay your debt through a series of payments. That makes it easier to find an emergency loan, a small business loan, a debt consolidation loan, or a secured loan without busting your budget.
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