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Compare easy-approval loans for people with bad credit or low income

Need a loan? Find lenders who offer easy-approval.

If you’re in need of extra money but don’t think you’ll be eligible for a standard personal loan, you still have options. Lenders who offer easy-approval your credit and instead focus on your ability to repay.

This guide will help you determine if an easy-approval loan is right for you.

LendUp Payday Loans

LendUp Payday Loans

Apply for a payday loan conveniently online and borrow between $100 and $250.

  • Minimum loan amount: $100
  • Maximum loan amount: $250
  • Turnaround time: generally receive the money the next business day
  • Loan term: 7–30 days
  • Good credit not required
  • Confidential and secure
  • Accepting new applications in the following states only: CA, LA, MS, MO, OH, TN, TX, WI

    How do easy-approval loans work?

    Easy-approval loans work like other payday loans. They have short repayment periods, usually less than one month, and high fees because they help riskier applicants who have bad credit. Depending on your state and whether you apply in-store or online, you can receive your loan in as little as one business day after approval.

    Steps to making sure you’ll be approved

    Getting your loan application approved shouldn’t be a hassle or a nightmare, especially if you do the following:

    • Compare. Compare a range of lenders to find one who is affordable and meets your needs. If you’re not sure where to start, a loan broker might be an option.
    • Prep. Get all your supporting documents in order. Lenders usually want to make sure you have a functioning bank account and a steady source of income, but you’ll also need to include basic contact information in order to confirm your identity.
    • Apply. Complete your application, being as thorough as possible and providing as much information as requested. The more information you give, the more your lender has to work with when determining whether or not you’ll be approved.

    Remember, no matter how easy it is to apply to a loan, there is no guarantee that you’ll be approved. These steps should help you, but there’s always a chance you could be rejected.

    Comparison of loans with easy-approval applications

    Rates last updated February 18th, 2018
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time Requirements
    LendUp Payday Loans
    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.
    $250
    7–30 days
    generally receive the money the next business day
    Be 18+ years of age and have a checking account that can accept electronic transfers.
    CashNetUSA Loan
    Apply for a short-term loan with an easy online application and dedicated customer service.
    Varies by state
    Varies by state
    1 business day
    You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
    Check into Cash Payday Loan
    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
    $1,000
    Varies by state
    1–2 business days
    You must be at least 21 and an American citizen and have a bank account, email address and phone number.
    ACE Cash Express Payday Loans
    Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.
    Varies by state
    Varies by state
    Generally receive the money the next business day
    Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.

    Compare up to 4 providers

    What you need to know when comparing easy-approval loans

    The term “easy-approval loan” covers a wide range of lenders and loan types, but it’s important to realize the differences between them and know what factors matter when comparing your options. Below, we’ve listed some factors that you should consider when deciding where to apply.

    • What is the actual approval period? With an easy-approval loan, you can apply online and know if you’ve been approved within minutes. Storefront lenders will generally take a bit longer to process your application, but you’ll have the option of receiving your loan as cash or a check before you leave.
    • Is the loan secured or unsecured? If you’re able to provide collateral, an auto title loan offers lower interest rates than an unsecured loan. There’s no need for collateral when you apply for an unsecured loan, but they generally require you to have a better credit score.
    • What are the costs of the loan? Easy-approval loans usually have higher interest rates than standard loans due to the higher risk involved, which makes it even more important to shop around for one with a competitive rate in order to reduce the cost of borrowing.
    • Are there any payment penalties? Most easy-approval loans have late payment penalties that add on to the total cost of the loan. If you don’t think you’ll be able to repay the loan on time, it’s better to avoid borrowing in the first place.

    What are the benefits and drawbacks of these loans?

    • Loan amount. You can borrow as little or as much as you want once you’re approved.
    • Flexible eligibility criteria. An easy-approval loan doesn’t require the same type of credit as a traditional loan. Usually, you’ll only have to provide your income and personal information.
    • High costs. The main downside with an easy-approval loan is the higher fees and interest rates you’ll have to pay.
    • Not all lenders are reputable. Some lenders work to take advantage of people who need money. Do you research before you apply.

    Things to avoid with easy-approval loans

    • Avoid missing a payment. Not only can late payments cause you to owe more in interest and fees, a lender may choose to report you to one of the big three credit agencies. You’ll end up paying extra for the loan and damaging your credit at the same time.
    • Avoid skimming your loan offer. All loans are required to come with terms that outline how much you’ll be paying. Not reading the fine print on an easy-approval loan could expose you to unexpected costs.
    • Avoid taking on more debt than you can handle and exercise caution throughout the loan process. There are plenty of risks associated with easy-approval loans, and you should always confirm a lender is reputable before working with them.
    • Avoid high interest rates by comparing multiple lenders. Remember to consider all costs, including financing fees if applicable. Otherwise, you could be stuck paying double what you borrow.

    How to apply for an easy-approval loan

    Here are the basic eligibility requirements most lenders will want to know when considering your application.

    • Be at least 18 years old (varies by state)
    • Be a US citizen or permanent resident
    • Have an established credit history
    • Have a regular source of income
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    2 Responses

    1. Default Gravatar
      TimApril 30, 2017

      ive tried to get a loan everywhere and have been turned down,what can i do?

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