Just because you have a less-than-perfect credit history doesn’t mean you can’t get a loan. From bad credit personal loan lenders to payday lenders, cash advances and more, you have several options to choose from. And the good news is, you could have cash in hand as soon as 24 hours — or even the same day.
Keep reading to learn about no credit check loans, including where to find them and how they work.
Compare no credit check payday loans, installment loans and cash advances
Here are the four main types of no credit check loans available and how much you can potentially borrow:
Payday loans. Depending on the state, you can borrow between $50 and $1,000 with a payday loan and repay it on your next payday — usually within seven to 31 days.
Installment loans. You can typically borrow between $100 and $2,000 with an installment loan from a bad credit lender, with repayment terms from a few weeks to a few months.
Cash advance apps. Cash advance apps offer advances between $20 and $1,000 with no interest or financing fees, making them cheaper than most payday and installment loans. The advance is typically due by your next payday.
Car title loans. This type of loan uses your car as collateral, allowing you to borrow between 25% and 50% of the title’s value. However, this is a risky option that should only be used as a last resort.
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Payday loans, installment loans and auto title loans come with high rates and fees, which can trap you in a cycle of debt. The majority of short-term loan borrowers renew their loans at least once, piling on fees that make it even more difficult to repay. Consider alternatives before opting for a payday, installment or title loan
Local resources. Government agencies, nonprofits and local charities often offer free financial services and help with food, utilities and rent for those in need.
Payment extensions. Talk with your bill providers about a longer payment plan or extension on your due date if you’re behind on payments.
Credit cards. Credit cards typically charge lower interest rates than short-term loans, even on cash advances, making them a flexible, less costly alternative for up to the $500 you can typically take out with a payday loan.
APRs on no credit check loans
The APRs on no credit check loans vary depending on the type of loan:
Payday loans. Payday lenders charge a flat fee, typically anywhere from $10 to $25 per $100 borrowed — an equivalent APR of 300% and up.
Installment loans. Unlike regular personal loans that cap out at 35.99% APR, bad credit installment loans have rates around 90% to 300% APR.
Cash advance apps. Cash advance apps don’t charge interest. Instead, they may charge a monthly fee, instant transfer fees or request optional tips. If you use instant transfers, this can push the APRs to 100% or more. But if you don’t, the cost can be 0%.
Car title loans. Car title loans have APRs that can hit 200% and 300% annually, making the risk of repossession high. Only use this option in a dire emergency.
What’s the catch with cash advance apps?
Cash advance apps can be a much cheaper way to borrow money than using a payday lender. Unlike payday lenders, they don’t charge interest or financing fees. However, some cash advance apps charge a monthly subscription fee, and nearly all cash advance apps charge instant transfer fees between $1 and $10 — which pushes the cost up.
How do borrowing costs vary by state?
Every state has its own lending regulations. States with fewer consumer protections tend to have higher costs for payday and installment loans, sometimes exceeding 600% APR or more. Lenders in states like Delaware, Missouri, Texas and Wisconsin tend to have the highest borrowing costs on payday loans.
As long as you’re a US resident over the age of 18 and have an active bank account and some type of regular income — yes, it’s possible to get a no credit check loan. However, it’s important to be aware of the risks of certain types of no credit check loans.
Risks of no credit check loans
Here are some risks of no credit check loans to be aware of, especially if you’re getting a loan from a payday or installment loan lender:
High rates and fees. No credit check loans from payday and installment lenders come with much higher interest rates than bad credit personal loans. While personal loan lenders cap rates at 35.99%, payday lenders are known to charge steep fees and APRs of 300% or higher.
Short loan terms. Payday loans and other no credit check loans generally have short repayment terms. If you can’t pay back your loan by the due date, you’ll pay additional fees and interest that could trap you in a cycle of debt.
Collateralized loans carry risk. Some bad credit loans require an asset like a car title as collateral. If you can’t keep up with the payments, you run the risk of losing your asset. Six to 11% of car title loans result in repossession.
Sketchy lenders and scams. Illegitimate lenders often use the phrase “no credit check loans” to prey on the financially vulnerable. Do your research to make sure you’re working with a legit payday lender.
Compare no credit check loans
Here’s a closer look at our picks for no credit check loans so you can decide which is best for your situation.
EarnIn
EarnIn is a free app that lets you borrow $100 a day (or more with an EarnIn Card) — up to $750 of the money you’ve earned each pay period, with no fees or interest. With EarnIn, your advance amount depends on the hours you’ve worked, which you can verify with a work schedule, a work email address or GPS earning.
Loan details
APR: 0%
Loan amount: Up to $750
Loan term: Based on your pay date
States served: All states
Eligibility requirements: 18 years or older, active bank account, have regular direct deposits from an employer, have a fixed work location or an employer-provided email address
Speed: As soon as same day
Pros
Higher advance limit than other apps
Instant transfer fees are lower than some other apps
No specific employer requirements
Cons
Cash advance limited to the hours already worked
Must upload a work schedule to show your hours
Transfers over $100 are only available with an EarnIn Card
Cleo is a budgeting and cash advance app that lets you borrow up to $250 between paydays. While not a large amount, it’s interest-free and can be enough to cover small expenses. Cleo is also a good option for gig workers and freelancers. Unlike other cash advance apps, Cleo doesn’t require a minimum of recurring deposits to qualify for cash advances.
Loan details
APR: 0%
Loan amount: Up to $250
Loan term: Based on your pay date
States served: Most states
Eligibility requirements: 18 years or older, active bank account, have a regular source of income
ACE Cash Express offers quick online or in-store payday and installment emergency cash loans to poor credit borrowers. It has over 800 store locations nationwide, and in some states, you can apply online and pick up your funds the same day. The company gets good ratings on Trustpilot, but it charges steep fees, making this option best for emergencies only.
Loan details
APR: 400% to 600%
Loan amount: $100 to $2,000
Loan term: Based on your pay date
States served: Most states
Eligibility requirements: 18 years or older, have a government-issued ID, active bank account open for at least one month, have a regular source of income
Possible Finance is an app that offers short-term installment loans of up to $500. Rates vary by state and are $10 or $25 per $100 borrowed. This amount works out to an APR of around 150% to 460%. You pay off the loan in four payments over eight weeks, and afterward, Possible Finance reports your repayments to two of three credit bureaus to help you build credit.
Loan details
APR: 150% to 460%
Loan amount: $50 to $500
Loan term: 2 to 8 weeks
States served: 21 states
Eligibility requirements: 18 years or older, active bank account with 3+ months of banking history, $750+ monthly income, live in eligible state
SoLo Funds peer-to-peer (P2P) lending platform offers microloans from $50 to $575 through its mobile app. Loans are funded by other members, and it can be fast — same day, in some cases. SoLo also doesn’t charge interest or fees. Instead, you pay an optional tip to the lender, which SoLo caps at 15%.
Loan details
APR: 0%
Loan amount: $20 to $575
Loan term: Up to 35 days
States served: Most states
Eligibility requirements: 18 years or older, US citizen or permanent resident, active bank account with a debit card that SoLo funds supports
MoneyLion offers no-fee, 0% interest cash advances up to $500 for qualified borrowers. You could even access up to $1,000 if you set up direct deposit to a MoneyLion RoarMoney account. While the MoneyLion app gets mostly positive reviews on Trustpilot, some customers complain about glitches with the app.
Loan details
APR: 0%
Loan amount: Up to $500 or $1,000 with a RoarMoney account
Loan term: Based on your pay date
States served: Most states
Eligibility requirements: 18 years or older, active bank account, have a regular source of income
No credit check installment loans are for people with a poor or no credit history who need emergency funds.
Avoid no credit check installment loans if you don’t need emergency funds, and consider a personal loan instead for your borrowing needs.
Can you get instant approval for a no credit check loan?
Yes, it’s possible. However, instant approval on no credit check loans is generally only available from payday and installment lenders like Ace Cash Express. Cash advance apps can also offer instant approval, but only after you’re an established borrower.
Can you get a no credit check loan with guaranteed approval?
No, there’s no such as a guaranteed loan. Be wary of lenders offering guaranteed approval — it could be a scam. While legit lenders of no credit check loans have more lenient requirements, you still need to show proof of income and meet their specific requirements.
How does a no credit check lender determine your eligibility?
Instead of running a credit check, no credit check lenders may rely on some of all of the information below to determine your eligibility:
Identification. A government-issued ID and an SSN or ITIN.
Age and residency. Must be at least 18 years of age and live in an eligible state.
Income and employment. You’ll need to show proof of income, for example, pay stubs or bank statements.
Active bank account. Your bank account must be open and active, generally for a minimum of 30+ days.
How to apply for a no credit check loan online
Here are the general steps to apply for a no credit check loan online:
Fill out the application. Go to the lender’s website and fill out the online application form. You’ll need to provide your personal, employment and financial information.
Provide documentation. All lenders require some documentation to approve your loan. You may be asked to provide an ID, utility bill, pay stubs or bank statements.
Submit application. Once your application is complete, submit it. Some online lenders offer instant decisions, while others take a few hours or days to process your application.
Alternative ways to borrow money with no credit check
If you don’t want to rely on payday or installment loans, consider these other options for borrowing money:
Employer advance. If you need cash before payday, ask your employer. If it’s a one-time situation, HR may be willing to help by advancing part of your paycheck.
Credit card cash advance. If you have credit available, consider getting cash from an ATM in an emergency. Cash advance rates run high, so have a plan to pay it off.
Buy Now Pay Later (BNPL) app. BNPL apps let you purchase items you need and pay them off later. Choose from the best BNPL apps for cash-free purchases today.
Pawn store. If you have items of value, like jewelry or electronics, you could consider pawning them. But you risk losing your items if you can’t buy them back in time.
Cash advance app. Compare more no interest cash advance apps with a range of borrowing amounts and budgeting features.
No credit check loans are available from payday and installment lenders and cash advance apps. And while your credit score doesn’t matter, you still need to show some type of income to qualify for a no credit check loan. But be aware of high interest rates from payday lenders. If you’d rather not pay interest on a loan, consider using a 0% interest cash advance app instead.
Frequently asked questions
How do I get a fast loan with no credit check?
You have several options to choose from, including payday and installment loans and cash app advances. Other fast loan options include credit card cash advances and pawnshop loans.
How will I receive my no credit check loan?
For payday loans, you can get cash in-store or send them to a bank-issued debit card or your bank account. Cash advance apps let you send funds to a bank account or a linked debit card.
How can I get a no credit check loan fast?
The fastest way to get a no credit check loan is to apply online or in-app with a lender that has an automated 24/7 system.
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Written by
Kat Aoki
Kat Aoki is a personal finance writer at Finder, specializing in consumer and business lending. She’s written thousands of articles to help consumers make better decisions on their home loans, bank accounts, credit cards, cryptocurrency and more. Kat is well versed in working with leading brands in the real estate, mortgage and personal finance industries, and her expertise has been featured on Forbes Advisor, Lifewire and financial comparison sites like iSelect and realestate.com.au. She holds a BS in business administration from California State University, Sacramento and enjoys hiking and yoga in her spare time. See full profile
There are lenders who don’t require a checking or bank account. In lieu of an account, you can either use a prepaid card or pick up the cash in-store. There might be some fees that come with these options. Please make sure to confirm this with the lender as well as the loan limitations and eligibility criteria before you apply for a loan.
I hope this helps. If you have any questions, please feel free to message us again.
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How can I get a loan with my prepaid card I don’t have a checking account??
Hi Tyrell,
Thanks for reaching out.
There are lenders who don’t require a checking or bank account. In lieu of an account, you can either use a prepaid card or pick up the cash in-store. There might be some fees that come with these options. Please make sure to confirm this with the lender as well as the loan limitations and eligibility criteria before you apply for a loan.
I hope this helps. If you have any questions, please feel free to message us again.
Cheers,
Liezl