Need a quick cash advance? Have urgent monetary commitments to take care of? Need to take up a loan but don’t have any bank account in your name? Getting payday loans without a credit check can be an apt solution to access funds to need the most even without having a bank account.
Getting a payday loan is a quick and smooth process-
- Go online and apply for a payday loan in a quick and secure way
- No paperwork and no documentation required
- Having bad credit is no problem
- 100% secure online loan application with fast approval
- Fast cash delivery
- No obligation on usage of loan amount
Getting funds with no checking account is no more impossible
Earlier it was tough to get a loan if you don’t have a valid bank account in your name as it was considered the best and secured way for the lenders to deposit and withdraw funds. But with the growing financial market, lenders today has agreed to offer funds only if you have a savings account with proof of income.
No worries if you don’t have a good credit score
Payday loans can be applied by people with a bad credit score, with absolutely no obligations. The loan will be approved without bothering about your past defaults. If you are currently working and have a saving account then there is no problem at all.
Obtain the needy cash for a short tenure
Upon approval you can obtain funds up to $1,000, based on your needs and net income. You need to pay back the loan along with interest charged in 15 to 30 days.
Use funds freely for any unexpected needs or emergencies
Amount borrowed with a payday loan can be freely used to cover all unexpected needs such as pay for an unexpected medical bill, handling small home or car repair charges, pay for pending house rent etc.
Rates and fees
Ahead of signing any loan agreement, it is important to understand about the rates and any hidden fees attached to a personal loan. Generally, having a payday loan could be really expensive as it is charged with a high rate of interest. So, it is important that you should always compare loans from different lenders and use loan calculator to estimate the total cost of your loan. A good loan comparison may help you get a competitive loan offer.
Questions to Answer
Can you get a cash advance without a checking account?
Earlier it was tough to get a cash advance without a bank account. But now there are some lenders and other financial institutions like credit card companies that do provide financial assistance to you in the need of the hour despite the fact that you don’t hold a valid checking account. But you need to get it straight that if you can afford the high interest rate attached with such loan then only you should consider taking it up.
Payday loan with sky-high interest rate
There is no denying that payday loans are much easier to get and help you with immediate funding, but you need to pay a high cost for it as they are charged with a quite higher interest rate. Such loans also have a high APR. You may be approved for these loans with no bank account in your name, but you need to fulfill the other requirements to qualify for this loan such as having steady income proof, being at least 18 years of age and having permanent US citizenship.
Apply online and compare loans to fetch a competitive loan offer
Go online and apply for loans in less than five minutes by filling up a simple online application form. Do provide your correct details in the form to avoid loan rejection. Online payday lenders will verify your details and take a quick loan decision.
Once approved, money will be directly deposited to your savings account and you can use your debit card to withdraw the amount to meet your needs. Just don’t forget that lenders are competing with each other and thus you get a good chance to get a competitive loan deal by simply doing careful comparisons.
Where can I get a payday loan without a checking account?
If you don’t hold a checking account in your name, you still have a chance to get a good payday loan deal. You can either collect cash from the bank brand directly or can have it deposited on a prepaid debit card.
As long as you are doing a regular job, have a minimum age of 18 years and have US residency proof, you can fetch a payday loan even without having a checking account.
Upon approval, you can able to access funds up to $2,000, depending on your net income and needs. You will have to pay it back in two to four weeks. Since the repayment duration of the loan is quite short and no collateral is involved, lenders will avoid the risk by charging a high rate of interest.
As short term loans are quite expensive, it is important to go through all other alternatives and do a thorough research before taking out any short term loan.
There are some lenders that allow borrowers with no bank account to have their funds loaded onto a prepaid debit card. It works the same like a payday loan where funds will get electronically transferred to your bank account but here you will receive your funds on a prepaid debit card.
Check out alternatives to payday loans-
If possible, everyone needs to work really hard to avoid taking payday loans. It may not be that easy as it may sound as in the long run when you can’t able to pay back the loan on time, you may end up putting yourself in a debt trap. In most cases, all sorts of short term loans are really expensive and come with high APR. So, here are some alternatives to payday loans to consider-
Credit card cash advance: Use your existing credit card to get a cash advance for any unexpected needs or emergencies and then try it pay it back on time to avoid incurring more interest on your card.
Title loan: You can put the title of your car as collateral to get this loan. The rate of interest on this loan is fixed but your vehicle is at risk if you don’t pay off the loan on time.
Take help from friends and family: Don’t hesitate and ask for help from a family member or friend to handle your difficult time with ease. Taking financial help from your loved ones would save you from paying high interest charges on payday loans. Just remember to pay back the money as soon as you can.
Personal loan: It is better to go for a personal loan then taking a cash advance or a payday loan. Personal loan comes with a fixed rate of interest and can generally be paid over in small monthly installments, over a specific time period without the need of pledging any collateral.
Can I get an online payday loan with a prepaid debit card?
If you have a prepaid debit card account, you can definitely get an online payday loan in a quick, easy and hassle-free way. In most cases, borrowers find such an option a much more comfortable and effective way to paying off their shopping bills, pay for medical expenses and any other unexpected expenses directly by using their debit card whenever and wherever they want.
Similar to payday loans that you can apply online, you can easily get a loan using online medium with a prepaid debit card in your name. Just fill up a simple form using your personal details, financial and employment information and submit it. Lenders will verify your details and get in touch with you in no time with their decision. Based on your net income and needs, lenders will decide on your loan amount and repayment term. As interest charges on such loans is relatively on a higher side, just try to pay it back on the right time to avoid any late fee charges or penalties.Apply now