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Compare installment loans with no credit check

These providers don’t run a hard credit check when you apply — but watch out for the high cost.

Editor's choice: OppLoans Installment Loans

  • Easy online application
  • Quick approval
  • Long repayment terms
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Installment loans are a type of bad credit loan that you pay over time, plus interest and fees. Most online installment loan providers don’t run a hard credit check, which shows up on your credit report. But only a few online lenders don’t run a credit check at all — and you might end up paying higher rates and fees for it.

5 top no credit check installment loans

These lenders don’t run a traditional, hard credit check that will show up on your report and lower your credit score. Some don’t run any credit check at all.

Possible Finance Mobile Installment Loans

Up to $500
Loan amount
As fast as 1 business day
Turnaround time
No membership fee
Membership fees
Possible Finance is an app that can get you small installment loans up to $500 without running any credit check at all. If you have a Visa debit card, you can get the money as soon as the day you're approved. And unlike many installment lenders, it reports on-time payments to credit bureaus to boost your score. But it's only available in seven states and the maximum loan term is two months.
  • Same-day funding with Visa debit card
  • No credit check at all
  • Can improve credit
  • No loans over $500
  • App has had technical problems
  • No terms over two months
Product Name Possible Finance Mobile Installment Loans
Max. Amount $500
Loan Term Up to 2 months
Loan Security Unsecured
Turnaround Time As fast as 1 business day
Costs Rates vary by state, though you’ll likely be charged around $15 or $20 per $100 borrowed.
Requirements Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+

OppLoans Installment Loans

$500 - $5,000
Loan amount
1 business day
Turnaround time
Yes
Online application
OppLoans is a customer favorite when it comes to installment loans. It doesn't run a hard credit check when you apply and reports your on-time repayments when you apply for a loan. It also offers lower rates than many installment loan providers, usually from around 99% to 160% APR — though it's still much higher than a personal loan. And its monthly income requirements can be high compared to other installment loans providers, depending on where you live.
  • No hard credit check
  • Can improve credit
  • Relatively low rates
  • Long terms that increase loan cost
  • Monthly income requirement can be high
Product Name OppLoans Installment Loans
Min. Amount $500
Max. Amount $5,000
Loan Term 9 to 24 months
Loan Security Secured
Turnaround Time 1 business day
Costs 59% to 160% APR, varies by state
Requirements Direct deposit, meet minimum income requirements, live in eligible state

LendUp Payday Loans

$100 - $250
Loan amount
As soon as the next business day
Turnaround time
Yes
Online application
LendUp doesn't run a hard credit check when you apply for a loan. While it specializes in payday loans, it also offers installment loans in some states — with loan amounts, rates and terms that vary depending on that state's laws. It also reports on-time payments to credit bureaus to improve your credit score. But since larger loan amounts are usually reserved for repeat borrowers in good standing, you might not qualify for an installment loan the first time around.
  • No hard credit check
  • Can improve credit
  • Online educational resources
  • APRs over 1,000% on shorter loan terms
  • Installment loans not available to all borrowers.
Product Name LendUp Payday Loans
Min. Amount $100
Max. Amount $250
Loan Term 7-30 days
Loan Security Unsecured
Turnaround Time As soon as the next business day
Costs Depends on your state, loan product, loan amount and the term of the loan.
Requirements Checking account with ACH, proof of income, Social Security number, ages 18+

CashNetUSA Loan

$100 - $1,800
Loan amount
As fast as same business day
Turnaround time
Yes
Online application
CashNetUSA is a more traditional payday lender that doesn't require a traditional credit check when you apply. It can get you money the same day you apply if you visit a location. But installment loans aren't available in every state — and can come with rates close to 580% APR in some cases.
  • No traditional credit check
  • Same-day funding if you apply in person
  • Limited state availability
  • High rates for an installment loan
Product Name CashNetUSA Loan
Min. Amount $100
Max. Amount $1,800
Loan Term Varies by state
Loan Security Unsecured
Turnaround Time As fast as same business day
Costs Varies by state
Requirements Regular source of income, bank account, US citizen or permanent resident, age of majority in your state

King of Kash Signature Loan

$100 - $3,000
Loan amount
As soon as same day
Turnaround time
Yes
Online application
King of Kash is one of the few online lenders that doesn't run a credit check at all when you apply. But that's the main benefit of getting a loan from this lender. It only offers loans up to $800 for first-time borrowers and isn't transparent about rates. It's also not open on Sundays.
  • No credit check
  • Apply in-person in Missouri
  • Loans as low as $100
  • Doesn't disclose rates
  • No first-time loans over $800
  • Closed Sundays
Product Name King of Kash Signature Loan
Min. Amount $100
Max. Amount $3,000
Loan Term 11 to 14 months
Turnaround Time As soon as same day
Requirements Proof of employment or income, checking or savings account active for 30+ days, debit or credit card in your name, verifiable phone number, Social Security number, valid photo ID, US citizen, 18+ years old

What’s a no credit check installment loan?

A no credit check installment loan is a bad credit loan from a provider that doesn’t run a hard credit check with the three main credit bureaus. Some lenders might run a soft credit check, which allows them to look at your credit score and report without affecting your credit score.

Unlike a no credit check payday loan, you often have between two and 36 months to repay the loan. But interest rates and fees often top 100% APR and can be deceptively expensive if you take a long time to pay it back.

Here’s an example of how a long-term installment loan can make your loan more expensive — even compared to a loan with a higher interest rate.

Loan amountAPRTermMonthly paymentTotal interest
$2,500160%12 months$428.83$2,645.98
$2,500140%18 months$338.05$3,584.89
$2,500120%24 months$278.25$4,177.99

As this example shows, even adding six months to your term can make a loan more expensive — even at a lower interest rate. You’ll also have to budget for hundreds of dollars in monthly payments for a longer period of time.

How to get a loan with bad credit or no credit

You can get an installment loan from a personal loan provider, community development financial institution (CDFI), credit union or payday lender when you have bad credit or no credit. Even if that provider runs a credit check — some no credit lenders rely on other factors like spending and savings habits.

Borrowing money without a credit check is a lot like applying for any other loan. You can often check your rate online or in person by filling out a quick prequalification form. If you qualify, review your rates and terms before submitting a copy of your state-issue ID, a recent pay stub or other proof of income.

You can often get a no credit check loan even if you reply on government benefits or a pension as income. But while it’s possible to get a no credit check loan without a bank account, it can be difficult to find a lender.

Are no credit check installment loans safe?

No credit check installment loans can be safe, though it depends on the lender. Generally, a safe lender will be upfront about the cost, clearly display the privacy policy it uses online and take steps to protect information you submit online, like using SSL encryption.

Look out for red flags like upfront fees and guaranteed approval — these can be signs of a scam. Also avoid lenders that aren’t transparent about the interest rate and fees because they aren’t legally required to. This makes it difficult to predict whether you can afford the monthly payment, which puts you at risk of defaulting.

Pros and cons of no credit check installment loans

These are the main benefits and drawbacks of getting a no credit check installment loan from a payday lender.

  • Lender might not see judgments or current bankruptcies
  • Bad or no credit accepted
  • Turnaround as fast as the day you apply
  • APRs over 1,000% in some cases
  • More expensive than lender that checks your credit
  • Long loan terms that can be difficult to sustain

No credit check loan alternatives

A no credit check loan isn’t your only option if you have bad credit or no credit. Consider these alternatives before you get an installment loan from a high-cost payday lender.

Compare our top personal and installment loans for bad credit or no credit.

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2 Responses

    Default Gravatar
    MoniqueAugust 9, 2018

    What is the best and lowest rate loan to go with especially when you have bad credit? And one you can pay off within a year or two?

      Avatarfinder Customer Care
      JhezAugust 10, 2018Staff

      Hello Monique,

      Thank you for your comment.

      There are lenders that are more concerned with your ability to repay a loan. You may want to check lenders available in your state which may qualify you regardless of credit history. Compare the rates and discuss with the lender your repayment terms. Before you submit an application, please make sure that you’re eligible for the loan and that you have met the requirements set by the lender.

      Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision and consider whether the product is right for you.

      Should you wish to have real-time answers to your questions, try our chatbox on the lower right corner of our page.

      Regards,
      Jhezelyn

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