OppLoans tops our list of best personal loan lenders with no credit checks because it doesn't charge origination fees and offers same-day funding. We collected and analyzed data from over 70 companies and selected the best lenders offering no credit check loans by comparing interest rates, fees, loan amounts, and repayment terms. If youre not seeing anything in the results that are a good fit for your needs, consider warranties from these companies: APR Range Recommended Minimum Credit Score Not Disclosed This lender does not disclose its minimum credit score requirements. Loan Amount APR Range Recommended Minimum Credit Score Not Disclosed This lender does not disclose its minimum credit score requirements. Loan Amount APR Range Recommended Minimum Credit Score Not Disclosed This lender does not disclose its minimum credit score requirements. Loan Amount Why Trust Us 70 Lenders reviewed 31 Loan features considered 1,680 Data points analyzed 173 Primary data sources used Investopedia collected key data points from several lenders to identify the most important factors to borrowers. We used this data to review each lender for fees, accessibility, repayment terms, and other features to provide unbiased, comprehensive reviews to ensure our readers make the right borrowing decision for their needs. Read our Full Methodology Best Personal Loans With No Credit Check for 2024 Best Personal Loans With No Credit Check for 2024 The Bottom Line Guide to Choosing the Best Personal Loans With No Credit Check How to Get a Personal Loan With No Credit Check Comparing Personal Loans With No Credit Check Alternatives to No Credit Check Personal Loans Why You Should Trust Us Frequently Asked Questions (FAQs) How We Pick the Best No Credit Check Personal Loans Guide to No Credit Check Personal Loans Investopedia's Rating 2.9 Why We Chose It OppLoans performs a soft credit check for approval—not a hard credit inquiry—so there's no impact on your credit history or credit score. Your information comes from Clarity Services and Experian, your bank account transactions, and your cash flow. Expect triple-digit annual percentage rates (APRs). But, shorter loan terms can minimize your interest charges. Consider the total cost if you borrow $3,000 with an APR of 160% and repay over 9 or 12 months: You may be able to refinance your loan after you’ve paid at least 15% or $400 of your balance as long as it's in good standing. Pros & Cons Pros Same-day funding available No origination fees Credit bureau reporting Cons High interest rates No co-signer option Not available in all states Qualifications To qualify for an OppLoans personal loan, you must meet the following requirements: Read the FullOppLoans Personal Loans Review for 2024 Investopedia's Rating 2.6 Why We Chose It Fig Loans offers smaller loans of up to $800, making it a good option if you: Fig Loans uses your recent bank deposit information to determine your eligibility. You may qualify if you have a steady source of income and a positive bank balance. Interest rates can be in the triple digits, which can be pretty costly. Even so, rates are less expensive and more flexible compared to a payday loan. Pros & Cons Pros Early payoff discount Credit bureau reporting Next-day funding Cons High APR Only available in six states Not available for active duty military Qualifications To qualify for a loan from Fig Loans, you must meet the following qualifications: Investopedia's Rating 2.9 Why We Chose It Money Key's loans are available if you need money fast and don't qualify for bank loans. There’s no credit check and you may be approved if you have: You can get your money the same day if you're approved and there are no origination fees. Repayment is based on your pay dates, so if you’re paid weekly, biweekly, or semi-monthly, you’ll have two payments due each month. Money Key's rates are the highest on our list, so you'll pay more in the end. Paying your loan off early can help you save on finance charges. If you choose to repay it early, there are prepayment penalty. Pros & Cons Pros Same-day funding Low minimum loan amount No prepayment penalty Cons Available only in seven states High APR No refinancing option Qualifications To qualify for a Money Key loan, you must: APR Range Average Origination Fee Late Fee Time to Receive Loan Loan Amount Latest Repayment Reset All Hide, not for me Hide, not for me Hide, not for me *APR ranges for some companies include a discount for automatic payments or existing bank customers. Personal loans with no credit check are an option for quick and easy borrowing if you have poor or no credit. OppLoans tops our list because of its wide availability, range of loan amounts, and lower APRs. But, Fig Loans and Money Key suit most smaller borrowing needs and have short repayment periods, but they are only available in a handful of states. The Consumer Financial Protection Bureau suggests that you check your credit report once a year. You can get free reports from the three major credit reporting agencies. You can also check your credit score using a credit score service or your credit card statement. The U.S. Department of Housing and Urban Development (HUD) can also help you access credit counselors who can pull and review your credit report with you. Doing so can help you identify problems and correct mistakes so you won't be affected in the future. A no credit check personal loan is a type of loan that relies on non-traditional information rather than credit information for loan approval. For instance, lenders may consider a borrower’s bank deposit history instead of their credit score. These loans are convenient if you have bad credit or you haven’t established a credit history yet. However, they can be risky and tend to have much higher interest rates compared to personal loans that do check credit. Pros Better chances of approval Quick funding Helps establish or improve your credit score Cons High APRs Not as common Shorter repayment terms Understand what you need and can afford to repay. This can help prevent you from borrowing more than you're capable of repaying. After you've shopped around and chosen a lender, you'll need to submit an application and provide your personal, employment, and income information. In addition to your application details, lenders may also ask for your driver's license and bank details or copies of your bank statements to review your deposits and determine eligibility. Here are some other common details that lenders may require on an application: If you meet the qualifications, your loan application will be approved. You'll have a chance to review the loan amount and terms, including cost and repayment details. Accept the loan if you agree to the terms, and you'll often receive funds by the next business day. There are several places to find no credit check loans. The loan amount, interest rate, and repayment terms will vary depending on the lender. Several financial functions decide how much your no credit check personal loan costs to close as well as carry. Let's take a look at what these costs are and why these costs are higher compared to other types of personal loans. First, let's talk about interest rates. No credit check loans typically carry higher interest rates to compensate for the increased risk assumed by the lender. Even if there's collateral involved, a lender may not risk lending money to someone they have not comprehensively reviewed for cheap. Even our top no credit check personal loan option OppLoan carries with it an APR range of 160% to 179%. Next, lenders may impose various fees when they underwrite or close the loan. One of the most common charges is the origination fee. OppLoan's fee is $0, though other lenders may incur a charge as part of the process of getting financing. Last, the loan term and loan amount can dictate your cost. The good news here is short-term loans with quick repayment periods may have lower overall costs but higher monthly payments. In the case of OppLoan, your loan wouldn't be able to be longer than 18%. This is favorable to the lender as long, drawn-out loan terms mean you're carrying interest for longer. If you’re comparing no credit check lenders, there are several features to consider to narrow down your options: This article is primarily about personal loans. However, there are several other types of no credit check loans you can use to secure financing for a variety of reasons. These types of no credit check loans may include but aren't necessarily limited to: No credit check personal loans may not suit all borrowing needs or cost preferences. Consider these alternatives: You might apply for a no credit check personal loan for quick funding or your credit history makes it difficult to get approved for a traditional loan. Since there's no credit check, applying won't trigger a new credit inquiry or affect your credit score. Lenders look for consistent income history to determine loan eligibility, so you'll need to have a reliable source of income to get approved. If you're ultimately approved, the funds can be used for a variety of short-term needs including car or home repairs or emergency medical expenses. Because of the risk and cost associated with personal loans with no credit check, it wouldn't be financially wise to use these loans for optional spending like shopping, gifts, or leisure travel. Make sure you can afford the payments. Some lenders report loan activity to credit bureaus, even when there's no credit check for the initial loan. Late and missed payments can impact your credit score. Investopedia collected and analyzed hundreds of key data points from over 70 companies across three months to identify the most important factors for readers choosing a lending company that doesn't perform credit checks. We used this data to review each company for fees, repayment terms, income requirements, and other features to provide unbiased, comprehensive reviews to ensure our readers make the right decision for their needs. Investopedia launched in 1999 and has helped millions of readers around the world become educated on personal finance. No credit check personal loan amounts vary by lender. While many only allow you to borrow a small amount, OppLoans offers a maximum loan amount of $4,000. Interest rates for no credit check loans tend to be significantly higher than traditional personal loans. Among the lenders we reviewed, the highest rate was up to 295%. Credit checks allow companies to view your credit history. Lenders use them to evaluate your creditworthiness and determine if you're eligible for credit. A soft credit inquiry doesn't hurt your credit score. Soft inquiries are commonly used for pre-approval purposes and background checks. A hard inquiry, on the other hand, appears on your credit report and impacts your credit score. It provides your lender with your full credit history when you apply for credit. No credit check loans are a great option for anyone with bad credit, no credit, or just doesn't want an inquiry to impact their score. Some of the disadvantages of these types of loans include high interest rates and extra fees, which can increase the overall cost of your loan. Keep in mind that you aren't guaranteed approval with no credit check. That's because you can be denied because of insufficient income, lack of banking activity, unemployment, identify verification problems, and other reasons. There are several ways you can begin to lay down a foundation for your credit history if you have no credit. Apply for a secured credit card through your bank or financial institution. The bank generally holds a deposit that is the equivalent of your credit line as security until it feels you have developed a good track record. You may also consider becoming an authorized user on someone else's card or applying for a store credit card. Once you've established your credit history, make sure that you make payments on time and use your credit judiciously to keep your credit score in tact. No credit check loans do not rely on your credit history to be approved, which can be great if you have no or bad credit. But there are some factors to consider before you agree to anything. This means you should do your due diligence and research the pros and cons of borrowing using a no credit check loan thoroughly. Compare APRs, loan terms, and conditions. Approach some lenders with caution as their terms and conditions may lead you further into debt. And be sure to read the fine print of any contract before you sign. You may easily qualify for a loan with no credit check. Keep in mind that these loans often come with higher fees and unfavorable loan terms. That's why you may want to consider some alternatives, including: These options may help save you money in the long run. We researched and reviewed more than 70 banks to find the best lenders you see above on this list. While we write individual reviews for most companies we research, we do not always write reviews for companies we would not recommend. These are the banks we researched, along with links to individual company reviews, to help you learn more before making a decision: Achieve,Affinity Federal Credit Union,Alliant Credit Union, American Express, Avant,Axos Bank, Bankers Healthcare Group, Best Egg, Bethpage Federal Credit Union, Blue Federal Credit Union, Boatloan.com, Boeing Employees' Credit Union, CapexMD, Citibank,Connexus Credit Union, Discover, Dividend Finance, ENT Credit Union, Fig Loans, First Tech Federal Credit Union, Future Family, GoodLeap,Greenstate Credit Union, Happy Money,Hiway Credit Union,Lake Michigan Credit Union,Laurel Road, LendingClub, LendingPoint,LendingUSA,Liberty Federal Credit Union, LightStream, Lyon Financial, Mariner, Money Key, Mountain America Credit Union, NASA Federal Credit Union, Navy Federal Credit Union, Netcredit, Old National Bank, OneMain Financial, OppLoans, Patelco Credit Union, PenFed, Personify Financial, PNC Bank, Prosper, Reach Financial, Regions,Reprise, Rocket Loans, Santander,Service Federal Credit Union, SoFi, Southeast Financial,Summit Credit Union, SunPower, TD Bank, Teachers Federal Credit Union, Trident Funding, Truist,U.S. Bank,Universal Credit,Upgrade, Upstart, USAA, Vantage Recreational Finance, Wells Fargo. To evaluate and rank personal loan providers we collected hundreds of data points across more than 70 lenders, including traditional banks, credit unions, fintechs, and special interest finance companies. We researched and evaluated APRs, loan amounts and terms, fees, customer experience, and much more. To rank the lenders in our database and to generate star ratings, we weighted the data we collected, based in part on what consumers told us were the most important features of a personal loan and lender in a survey we conducted. We grouped those factors into four broad areas: Learn more about how we evaluated personal loans in our complete methodology. Learn more about personal loans: Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. OppLoans. "Rates, Terms and Licenses Consumer Financial Protection Bureau. "Credit reports and scores." Consumer Financial Protection Bureau. "Where can I get my credit scores?" OppLoans. "The Ultimate Guide to No Credit Check.” OppLoans. "Online Personal Loans." Navy Federal. “Personal Loans.” Consumer Financial Protection Bureau. "What Is a Buy Now, Pay Later (BNPL) Loan?" Related Terms Personal Loan: Definition, Types, and How to Get One A personal loan allows you to borrow money and repay it over time. Here’s what a personal loan is, how it works, and how to use one. more Private Party Auto Loan: What It Is, How It Works, How to Get One A private party auto loan is a type of loan that you can use to finance the purchase of a car from an individual. Many financial institutions offer these loans, including banks, credit unions, and online lenders. more What Is a Business Auto Loan? How to Finance Company Vehicles A business auto loan is a type of secured loan that companies or individual owners can use to purchase vehicles for business purposes. It can be less expensive than an unsecured loan, and its interest costs may be tax-deductible. more Private Student Loans: What They Are, How They Work Private student loans are offered through third-party lenders, and they don't come with the protections afforded to federal student loan borrowers. more Emergency Loan: Types, Eligibility, Pros and Cons Emergency loans are a type of personal loan that provides fast access to cash. Learn how emergency loans work and about their pros and cons. more Pre-Approval: Definition, Meaning, How It Works, and Types A pre-approval is a preliminary evaluation of a potential borrower by a lender to determine whether they can be given a pre-qualification offer. moreBest Personal Loans With No Credit Check for 2024
Show Full List View
Hide Full List View
Company APR Credit Score est. Loan Amount More Details Best Overall See DetailsCheck Rates Best for Small Loans See DetailsCheck Rates Best With No Origination Fee See DetailsCheck Rates Compare Personal Loan Rates with Our Partners at Fiona.com
Best Overall :OppLoans
9 Months 12 Months Total Cost $2,326.83 $3,175.17 Best for Small Loans :Fig Loans
Best With No Origination Fee :Money Key
Compare the Best Personal Loans With No Credit Check for 2024
Best For OppLoans Best Overall 160.00% - 179.00% 0.00% $0 0 days $500 - $4,000 18 months Check Rates Fig Loans Best for Small Loans 35.99% - 211.00% Not Disclosed $0 0 days $50 - $500 10 Months Check Rates Money Key Best With No Origination Fee 291.00% - 295.00% 0.00% $0.00 N/A $200 - $2,500 12 Months Check Rates The Bottom Line
Guide to Choosing the Best Personal Loans With No Credit Check
What Is a No Credit Check Personal Loan, and How Does It Work?
Pros and Cons of Personal Loans With No Credit Check
Pros Explained
Cons Explained
How to Get a Personal Loan With No Credit Check
Where to Get a No Credit Check Loan
The Cost of No Credit Check Loans
Comparing Personal Loans With No Credit Check
Types of No Credit Check Loans
Alternatives to No Credit Check Personal Loans
Should You Apply for a Personal Loan With No Credit Check?
Why You Should Trust Us
Frequently Asked Questions
What's the Maximum Amount You Can Get With a No Credit Check Personal Loan?
How High Are Interest Rates for No Credit Check Loans?
What's the Difference Between a Soft and Hard Credit Inquiry?
What Are Some of the Drawbacks of No Credit Check Loans?
How Do I Establish a Credit History if I Have None?
What Should I Look Out for When Shopping for a No Credit Check Loan?
What Are Some Alternatives to No Credit Check Loans?
Companies We Reviewed
How We Pick the Best No Credit Check Personal Loans
Guide to No Credit Check Personal Loans
FAQs
What is the biggest loan you can get with no credit? ›
Loan amounts of $1,000 up to $50,000 are available through participating lenders; however, your state, credit history, credit score, personal financial situation, and lender underwriting criteria can impact the amount, fees, terms and rates offered.
Can you get a $5,000 personal loan with no credit? ›The best way to borrow $5,000 with no credit check is to apply for a personal loan from a lender that will not do a hard inquiry into your credit history, like Upstart or OneMain Financial. To determine if you can repay the loan, the lender will look into other things like your income and employment status.
What bank is the easiest to get a personal loan from? ›The easiest banks to get a personal loan from are USAA and Wells Fargo. USAA does not disclose a minimum credit score requirement, but their website indicates they consider people with scores below 640, so even people with bad credit may be able to qualify.
Which type of loan does not require a credit check? ›Payday loans are a type of unsecured loan where lenders don't typically check credit. These loans tend to be small, usually a $500 loan amount or less (although some lenders might offer more), but come with strict repayment terms.
What is the easiest loan to get approved for? ›What is the easiest loan to get approved for? The easiest types of loans to get approved for don't require a credit check and include payday loans, car title loans and pawnshop loans — but they're also highly predatory due to outrageously high interest rates and fees.
How to get a loan when no one will approve you? ›Use Collateral To Secure The Loan
If your credit score is lower than you need it to be, you could consider a secured loan. The inclusion of collateral makes secured loans easier to get approved for, as it assures the lender they'll get their money back one way or another – even if you default on the loan.
Hardship personal loans are a type of personal loan that is designed to help you overcome financial difficulties. This type of loan is generally offered by small banks and credit unions, and has lower interest rates, lower maximum loan amounts, and shorter repayment periods than standard personal loans.
How much would a $5000 personal loan cost a month? ›Loan Amount | Loan Term (Years) | Estimated Fixed Monthly Payment* |
---|---|---|
$5,000 | 3 | $153.54 |
$5,000 | 5 | $104.98 |
$10,000 | 3 | $313.32 |
$10,000 | 5 | $207.54 |
Requirements for a $5,000 loan vary by lender. But in general, you should have at least Fair credit, which is a score of 580 or above. Lenders may also look at other factors, such as your income and your debt-to-income ratio (DTI), during the application process.
How to get approved for a personal loan with no income? ›If you have poor credit history or no income, a co-signer with good to excellent credit (at least 670 and solid income) can help you qualify for a loan. Before you get someone to co-sign for you, make sure you can repay the debt. Failing to repay the loan can damage both you and your co-signer's credit score.
What lenders Cannot deny credit based on? ›
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives ...
What loans don t require verification? ›Lender | Minimum Annual Income Required | Loan Amounts |
---|---|---|
Upgrade | No verification | $1,000–$50,000 |
Universal Credit | No verification | $1,000–$50,000 |
Best Egg | No verification | $2,000–$50,000 |
Upstart | $12,000 | $1,000–$50,000 |
Brigit: No-credit-check cash advances
Brigit is a budgeting app that provides small cash advances and charges a monthly subscription fee for access to advances. The app reviews bank account information to determine borrowers' eligibility.
HDFC Bank offers pre-approved loans to customers in 10 seconds flat*. Non – HDFC Bank customers can get loans in 4 hours. If you've wondered how to get an instant loan, wonder no more.
Where is the easiest place to get a personal loan? ›Title | APR | Min. credit score |
---|---|---|
Upstart | 5.2% to 35.99% | 300 |
Avant | 9.95% to 35.99% | 580 |
LendingClub | 8.98% to 35.99% | 600 |
OneMain | 18% to 35.99% | Undisclosed |
Bank | Approval Time | Interest Rate |
---|---|---|
CIMB | 1 day upon complete submission* | 4.38% - 19.88% p.a. |
Maybank | 1 day upon complete submission* | 6.50% - 8.00% p.a. |
RHB | 1 day approval and disbursem*nt* | 8.59% - 13.76% p.a. |
Alliance Bank | 1 day under "Same Day Cash"* | 4.99% - 16.68% p.a. |
$20,000 loans may be available to people with no credit or bad credit, these options likely will come with higher interest rates, fees, or even the need to provide collateral to get approved. If you don't have a strong credit history, lenders might consider you a risk and structure your loan terms with that in mind.
Can I get a loan if I have a 0 credit score? ›Getting a personal loan with no credit history might be tough, but it's still possible. If you're ready to apply, follow these four steps: Research lenders: Be sure to compare multiple lenders to find the right loan for you. Start by looking for lenders that don't require a minimum credit score or that allow cosigners.
How big of a loan can I get with poor credit? ›While several personal loan lenders offer loan amounts as high as $100,000, bad credit lenders tend to limit you to $50,000 or less. Repayment terms. Bad credit loan terms usually range between one and five years. Choose a longer term for the lowest possible payment.
How much credit can I get with no credit? ›Credit-builder loan: While you're not borrowing money, but rather depositing cash into an account for later, the credit limit for a credit-builder loan may range from $300 to $1,000. Store credit card: Store credit cards typically come with lower credit limits than traditional credit cards.