Get a $700 Loan as Fast as Today – Bad or No Credit Options

If your car breaks down or there’s another emergency, you may need to get your hands on some fast cash. Fortunately, you have a variety of options, including payday loans, cash advances and installment loans. Check out these lenders that offer $700 loans.

$700 loans for all credit types

Even if your credit score isn’t the best, these lenders offer $700 loans with fast funding and easy requirements to qualify.

How much does a $700 loan cost?

The cost of a $700 loan depends on the type of loan you get. For example, cash advance apps typically don’t charge interest, but you may have to pay a monthly subscription fee to access advances. Plus, if you need the money fast, you’ll pay a fee for an expedited transfer. However, some cash advance apps are mostly free and don’t require a subscription.

Other short-term loans, like payday and installment loans, are usually more expensive, with APRs in the triple digits. Payday loans may charge between $10 to $30 per $100 borrowed, which can equate to an APR of up to 400% or more. Short-term installment loans typically range from 36% to 300%, with the higher rates going to borrowers with poor credit.

Calculate your monthly loan payment

Use our loan calculator to compare monthly payments on a $700 loan at different interest rates and loan terms.

How long does it take to get this loan amount funded?

Depending on the lender, you could get your funds as soon as the same day you apply. Some installment loans may take a little longer, but you could receive the loan proceeds within a couple of days. Cash advances generally take one to three days for free transfers, but you can usually get the cash within minutes for a fee.

How to pay off $700 in debt

If you get a payday loan or cash advance, you’ll typically have to repay the full loan amount on your next payday, although some lenders may allow you to pay in two or more installments.

Short-term installment loans usually require bi-weekly or monthly payments over months or years. However, if you can make more than the minimum payments or repay the loan early, you can save significantly on interest charges. If you use the entire repayment period, you could end up paying two or three times the original loan amount.

Eligibility requirements for a $700 loan

While the exact requirements may vary based on the lender and loan type, the basic criteria is similar.

• Proof of income. Whether you’re employed or receive another form of income, you’ll typically need to prove how much you make through your banking history, paystubs or W-2s.
• Be at least 18. To get a loan, you’ll need to be at least 18 years old, although some states may require you to be 19 or even 21.
• Have an active bank account. In most cases, you’ll need a valid checking account, although some providers may allow you to have just a savings account or debit card.
• Get paid by direct deposit. Many lenders require you to get paid by direct deposit, although some loans and cash advance apps may accept alternatives to direct deposit.
• Credit check. Most lenders require a hard credit check, but some might only do a soft credit check or none at all.

How to increase your chances of approval

Most of the loans on our list don’t require good credit, but building your credit can help you qualify for less expensive loans in the future. To increase your chances of loan approval right now, you can do the following:

• Keep a positive bank balance
• Maintain a consistent work history
• Compare multiple lenders to find the best deal
• Make sure you meet the lender’s minimum requirements to qualify

What to watch out for

Two of the most important things to watch for with short-term loans are high interest rates and fees, so be sure to shop around to find the best deal. Here are a few other considerations to keep in mind.

• Not up front about APRs. Some lenders may gloss over the rates — especially when they’re super high. Don’t sign anything until you know exactly how much the loan will cost.
• Lender reputation. As you research lenders, check out reviews on trusted sites like the Better Business Bureau (BBB) and Trustpilot to see what actual customers have to say.
• Guaranteed approval. Be wary of any lender that promises loan approval — even high-interest loans have some requirements you need to meet.
• Pressure to borrow more. Lenders that encourage you to borrow more than you asked for aren’t doing you any favors. Don’t take out a loan for more than you need.

Alternatives to short-term loans

It’s always a good idea to consider some alternatives to these types of short-term loans.

• Payday alternative loan (PAL). Some federal credit unions offer PALs at better rates and terms than payday and installment loans, but you usually need to be a member for at least a month to qualify.
• Personal loans. If your credit score is 600 or more, some personal loan providers offer larger loans with rates capped at 36%.
• Borrow from friends or family. Maybe someone you know could lend you the cash. You can make it official by writing up an agreement about how you’ll pay it back.

Frequently asked questions

Can you get a $700 loan with bad credit?

Yes. Quite a few lenders offer $700 loans to borrowers with poor credit. However, you’ll probably pay higher rates and fees than you would with a higher credit score.

Can you get a $700 loan with no credit check?

Probably. Most lenders check your credit score, but some don’t require a credit check to qualify. Plus, most cash advance apps don’t require a credit check, although loan amounts aren’t usually as high as $700.

How can I get $700 today?

If you need a $700 loan right away — and you can’t borrow from a friend or family member — your fastest option is probably a payday loan.

Other loan amounts

To make sure you get accurate and helpful information, this guide has been edited by Megan B. Shepherd as part of our fact-checking process.

Written by

Lacey Stark

Writer

Lacey Stark is a freelance personal finance writer for Finder, specializing in banking, loans, investing, estate planning, and more. She has 20 years of experience writing and editing for magazines, newspapers, and online publications. A word nerd from childhood, Lacey officially got her start reporting on live sporting events and moved on to cover topics such as construction, technology, and travel before finding her niche in personal finance. Originally from New England, she received her bachelor’s degree from the University of Denver and completed a postgraduate journalism program at Metropolitan State University also in Denver. She currently lives in Chicagoland with her dog Chunk and likes to read and play golf. See full bio