Online Loans With No Credit Check

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Contributor, Benzinga
December 29, 2021

When you’re looking for tools that will help you manage your money more effectively, you might consider getting a personal loan. Because you don’t want to wait forever to get approved, you should look for online loans that don’t require a credit check. While they sound as if they are too good to be true, these loans are real and easy to manage.

Can You Get Online Loans With No Credit Check?


There are several types of loans on the market you can obtain with no credit check. However, you should keep in mind that the majority of them are relatively small. Yes, there are lenders out there that offer large personal loans (for example, to pay for a timeshare closing) with no credit check. 

Keep in mind, however, that traditional loans often charge massive interest rates (that’s how the bank makes money) while the online loans mentioned below frequently do not include interest or origination fees.

Types of Online Loans That Require No Credit Check

An online loan with no credit check is not the same as your traditional home or auto loan. Massive loans such as those require quite a lot of paperwork and risk assessment — and rightly so because your home and car are expensive. 

But online loans that require no credit check are small and easy to manage, meaning you can get the cash you need without filling out a long application going through an even longer underwriting process.

Cash advance: A cash advance could range from $50 to $500, and while these financial tools were once exclusive to credit cards, a massive array of digital financial platforms offers instant advances with no money down.

Source: MoneyLion

Get paid early: Getting paid early allows your preferred bank or financial platform to pay you the exact amount of your paycheck a few days before that paycheck arrives. When you get your paycheck, the bank uses those funds to reconcile the loan.

Buy now, pay later: Buy-now, pay-later loans generally pay off purchases and allow you to make (typically four) bi-weekly payments.

Credit-builder loans: Credit-builder loans come to you with no credit check, allow you to access cash and ensure that a loan is reported to the credit bureau as remaining in good standing.

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  • Prizes & Features
securely through MoneyLion's website

About MoneyLion

MoneyLion (NYSE: ML) is a digital financial platform that gives you all the tools you need to manage your money effectively. With help from MoneyLion, you can avail yourself of several options, including:

  • Mobile banking
  • Get paid early
  • Buy-now, pay-later options
  • Credit-builder loans
  • Financial calculators
  • Investment and crypto accounts
  • No hidden fees
  • Cash advances
Source: MoneyLion

Use Online Loans With No Credit Check To Improve Your Financial Situation

You can use online loans with no credit check to improve your financial situation. Now that you know you can seek out these loans, you can get a quick cash infusion in moments. Plus, you can return to Benzinga any time for more financial information, tips, insights and reviews.

Frequently Asked Questions


What type of loan requires no credit check?


Generally, financial instruments like cash advances, buy-now, pay-later loans, credit-building loans and certain types of personal loans do not require credit checks.


What is the easiest loan to get online?


The easiest loan to get online is one that does not require a credit check and is small enough to virtually ensure approval.