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 April 2024 Best Personal Loans With No Credit Check for April 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 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?"Best Personal Loans With No Credit Check for April 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 April 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
Best Personal Loans With a Co-Signer or Co-Borrower for April 2024 Best Personal Loans With No Origination Fees for April 2024 Best Personal Loans for Fair Credit for April 2024 Blaze Credit Union Personal Loan Review 2024 Best Small Personal Loans for April 2024 10 Best Personal Loans for April 2024