See below our full ranking of the best personal loans with no credit check, we have given Fast Money Source the number 1 spot, as we found that they met all the criteria we had been looking for when looking for a personal loan.
Brand | Summary | Score |
Fast Money Source | Best Loan with no credit checks | 10/10 |
Fast Loans Group | Fast approval process | 9/10 |
Honest Loans | Great interest rates | 9/10 |
Credit Clock | Good for poor credit | 8/10 |
Low Credit Finance | Flexible repayment terms | 8/10 |
Big Buck Loans | Easy application | 8/10 |
Heart Paydays | Fast release of funds | 8/10 |
If you are looking for personal loans with no credit check then it’s because you have bad credit, you lack credit history or you’re currently facing both problems. We’re not here to judge you, but rather to help you - because in the hard times that we’re living through, it’s normal to make financial mistakes.
That’s why we’re here to recommend to you the best personal loans with no credit check that you can claim now in 2023. With minimum eligibility requirements, fast approval and quick disbursement, you can rely on them to borrow any amount from $100 up to $50,000.
Be it that you’re looking for the cheapest no credit check personal loan or the one with the fastest disbursement, now you can easily choose the best lender for your own needs and likes. But if you need more details, then make sure to check our complete reviews below.
Pros |
Cons |
Borrow any amount from $100 up to $50,000 |
Not available in all states |
Competitive interest rate for all customers |
|
Quick approval and disbursement |
|
High approval rate for unemployed and low income customers |
|
Flexible repayment terms |
|
Incredible customer support service |
Rated as the best overall choice for personal loans with no credit check, customers trust Fast Money Source because it offers all the benefits that you want to obtain as a borrower: a low interest rate, easily borrow from $100 to $50,000, low monthly income requirement, fast approval and disbursement, flexible payment schedules, generous repayment terms, and exceptional customer support service.
Pros |
Cons |
Fastest approval and disbursement |
Not available in all states |
Ideal for big loans up to $50,000 |
Interest rate can increase if the debt-to-income ratio is considerably high |
Fair interest rate and fees |
|
Quick application process |
|
High approval rate for unemployed customers |
If you need money now, be it $100-200 or a much bigger loan such as $5,000, $10,000 or even more, then Fast Loans Group will be the right choice. Popular thanks to its fast approval and disbursement process, you can rely on this company to get the loan you need without credit checks and in record time.
Pros |
Cons |
Lowest APR with no credit check |
Not available in all states |
Low monthly income requirement |
Final terms and conditions will vary depending on the direct lender |
Fast approval and disbursement |
|
Quick application process |
|
Excellent customer support service |
Be it that you want to borrow only $100 for a quick emergency or if you need to borrow as much as $50,000 for a new business venture - Honest Loans is ready to lend you the money you need with the lowest interest rate and with no credit check.
Even though the APR range is 5.99% to 35.99% like our other lenders, they usually stick to the lower side. For example, they can easily bring you a personal loan with no credit check with an APR of just 5.99% if you have a verifiable and stable source of income - making it the best choice for affordable loans.
Furthermore, they don’t charge fees like other brokers for submitting your online application, something that will reduce the total cost of your loan even more, especially if you want to borrow a significant amount of money.
Pros |
Cons |
Available 24/7 |
Not available in all states |
Competitive APR |
High monthly income requirement |
Fast approval up to $5,000 USD |
|
Same day disbursement |
|
Available loans for any purpose |
Emergencies can happen 24/7 and this is why Credit Clock is here to help you out at any time of the day. Being specialists in bringing short-term loans for up to $5,000 for any purpose with fast approval and disbursement. Thanks to their competitive interest rate, you can rely on this company for a cost-effective loan that will help you out when you need it the most.
Pros |
Cons |
Up to 60 months to pay back the loan |
Not available in all states |
Fast approval and disbursement |
Higher APR for high debt-to-income ratio |
Quick application |
|
Great customer support service |
|
Favorable early repayment terms |
If you need more months, better terms and conditions and more flexibility for repaying your personal loan with no credit check, then Low Credit Finance is the company to trust. Ready to lend you from $100 up to $5,000 with a competitive APR as low as 5.99%, it’s one of the most solid choices for no credit check loans in 2023.
Pros |
Cons |
Highest approval rate for low income and unemployed customers |
Not available in all states |
Fast approval and disbursement |
Higher APR |
Flexible repayment conditions |
|
Easily borrow up to $5,000 USD |
If you have a low income but if it’s verifiable and consistent, then Big Buck Loans will happily receive your application and potentially approve it, allowing you to borrow from $100 up to $5,000… all without a hard credit check. With the most generous standards for income and debt-to-income ratio, Big Buck Loans is the ideal choice for low income borrowers or those who are currently unemployed.
Pros |
Cons |
Incredible APR for employed borrowers |
Not available in all states |
Favorable repayment terms for employed customers |
Not a good choice for low income borrowers |
Fast approval and disbursement |
|
Quick application process |
|
Flexible payment schedules. |
If you’re currently employed, then Heart Paydays is ready to lend you up to $5,000 easily with no credit check. With such a solid income source, this broker will connect you with the best possible direct lender, so you can get your loan today with the best terms and conditions such as a low interest rate, fast disbursement and flexible payment schedules.
If you are ready to apply for a no credit check loan but you need instructions on how to do it, then here you have the steps to follow:
The entire application process will take you 5 minutes max. and if you have questions, you can always reach out to the customer support service and they will happily help you.
Since they approve the applications fast, you will receive a response in record time and they will disburse the loan amount into your bank account the same day.
It’s possible to complete the entire application process in 5 minutes or less because our selected brands have engineered it all to be as simple and fast as possible. However, there are many details behind this mechanism - here’s what you need to know:
Once you send your application, the review system will automatically analyze it to approve it, all without performing a hard credit check that would affect your credit score. Once approved, you will be notified and the lender will proceed to disburse the loan amount once you’ve accepted the final terms and conditions.
If you want easily compare all of our recommended personal loans with no credit check to find out which one will meet all of your expectations, then check the following table:
Fast Money Source |
Fast Loans Group |
Honest Loans |
Credit Clock |
Low Credit Finance |
Big Buck Loans |
Heart Paydays |
|
Rating |
5/5 |
4.5/5 |
4.5/5 |
4.5/5 |
4.5/5 |
4.5/5 |
4.5/5 |
Loan Amount |
$100-$50,000 |
$100-$50,000 |
$100-$50,000 |
$100-$5,000 |
$100-$5,000 |
$100-$5,000 |
$100-$5,000 |
APR |
5.99% to 35.99% |
5.99% to 35.99% |
5.99% to 35.99% |
5.99% to 35.99% |
5.99% to 35.99% |
5.99% to 35.99% |
5.99% to 35.99% |
Fees |
Late payment fees |
Late payment fees |
No Fees |
Late payment fees |
Late payment fees |
Late payment fees |
Late payment fees |
Loan Term |
3-24 months |
3-24 months |
3-60 months |
3-24 months |
3-60 months |
3-24 months |
3-24 months |
Min. Income Requirement |
$800 |
$800 |
$800 |
$1,000+ |
$800 |
$800 |
$800 |
Early Repayment Allowed? |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Loan Purposes |
All Accepted |
All Accepted |
All Accepted |
All Accepted |
All Accepted |
All Accepted |
All Accepted |
Now you can compare them quickly to apply for your loan now, because our recommended lenders can approve your application within minutes and disburse the loan the same day - just make sure to take action as soon as possible.
Our best advice is to apply for a loan at 2 or more of the lenders we recommend, so you can compare different offers and choose the one that better suits your needs. Simple there’s no credit check and the applications are approved within minutes, you’ll be able to compare them easily the same day.
They are similar to conventional personal loans, but instead of looking at your credit score to assess your trustworthiness, they put more emphasis on other things including your monthly income, debt load, employment status, and even your level of education. They are therefore a perfect option for a wide range of borrowers:
Since there’s no credit check, you can apply for it without consequences for your credit score. Because unlike traditional personal loan lenders that use hard credit enquiries, our recommended companies won’t hurt your credit score. You can read more on Personal Loans in This Article
If you are wondering how much this personal loan will cost and what elements will come into play when applying for it, then here you have a real life example of a no credit check personal loan:
Income Source and Debt to Income Ratio (DTI) |
Loan Amount |
Loan Term |
Assigned APR |
Monthly Payment |
Total Loan Cost |
Income stable and DTI is equal or less than 15% |
$1,000 |
12 months |
6.00% |
$86.07 |
$1,032.84 |
Income stable and DTI is 20-30% |
$1,000 |
12 months |
12.00% |
$88.85 |
$1,066.20 |
Income stable and DTI is 30% |
$1,000 |
12 months |
18.00% |
$91.68 |
$1,100.16 |
Income stable but low and DTI is 35% |
$1,000 |
12 months |
30.00% |
$97.00 |
$1,164.00 |
If we were talking about conventional personal loans that rely on the credit score to decide if they can approve your application and to calculate the APR, then the higher your credit score the lower the APR would be.
However, since there’s no credit check, they will rely on the nature, stability and level of your income source and your DTI to determine the APR. Therefore, the more stable your income is and the lower your DTI, the more affordable the APR will be, since it will indicate that you will be a responsible borrower that will be in full capacity to repay the loan on time.
Keep in mind that the interest rate will vary depending on the lender or broker you choose. For example, the interest rate at Honest Loans is likely to be lower than at Big Buck Loans - take this into account when applying for this loan.
Because your credit score now won’t be of significance when applying for this personal loan, these companies will focus on the following eligibility requirements:
The eligibility requirements are minimal and chances are you will meet them in the majority of cases. Because all of our recommended lenders offer a high approval rate for all types of borrowers.
However, as a borrower it’s important to understand the importance of your income when applying for a no credit check personal loan, because it’s the most important eligibility requirement.
Because the credit score won’t be relevant to measure your creditworthiness, the lenders we recommend will principally calculate it based on your income. It must come from a verifiable source, it must be enough to cover the expenses of the loan and it must be consistent month to month.
The perfect example of an income source that will meet the majority of the eligibility requirements is a job. If you have an employer, you receive a consistent payment every month and it’s enough to cover the loan amount you want to borrow, then your chances of getting approved will skyrocket.
The income can also be your earnings as a freelancer, business owner or self-employed individual. As long as it’s verifiable and enough to cover the cost of the loan, our lenders will accept it. Here you can also find alternative income sources such as benefits, which is especially important for borrowers who are currently unemployed.
One of the main benefits of the loans we recommend is that you can use them as you wish - no questions asked. Hence, they’re suitable for a wide myriad of uses - here you have the most popular ones.
Our suggested no credit check personal loans for debt consolidation are a great option if you want to combine all of your debt into a single loan that you can pay back over a period of months with a great interest rate and a high acceptance rate for those with terrible credit. Your ability to handle your debt in this way will make it easier for you to raise your credit score.
Emergencies can strike at any time - be it an urgent surgery, unplanned expenses during your vacation trip, pending bills that must be paid as soon as possible, funeral bills or any other situation, our recommended no credit check personal loans can bring you the relief you need right now. Since the eligibility requirements are minimal and the approval and disbursement process is fast, you can count on our lenders and brokers to help you out during an emergency.
Bad credit is one of the most common reasons why a bank or a traditional financial institution will reject your loan application. Fortunately, our ranked personal loans with no credit check won’t care about your credit score, even if you have extremely bad credit. As long as your income and debt-to-income ratio (DTI) meet their standards, you’ll get the money you need. We have a list here of the best lenders for bad credit.
Regular personal loans can take several business days to be approved and disbursed, and if you cannot afford to wait that much, then our recommended lenders can help you out. Thanks to their advanced review and disbursement systems, they can approve your application within minutes and proceed to disburse the loan amount the same day.
Because our recommended lenders such as Fast Loans Group and Fast Money Source can lend you up to $50,000 with no credit check, you can use these no credit check personal loans for major purchases. Be it a new car, investing into your business, upgrading your home or simply a luxury trip, you can rely on our ranked companies to fund that major purchase you have in mind.
If you want more information about the lenders we recommend, then check out the answers to the most frequently asked questions about personal loans with no credit check in 2023.
Payday loans, high risk loans, small loans and loans for bad credit usually do not require a credit check, because they are targeting customers that struggle to get a loan due to their credit history and/or credit score. Instead they focus on evaluating factors such as income, current debt and employment.
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It depends on the nature of the credit check. If it’s a soft one, then it won’t damage your credit score, but if it’s a hard credit inquiry, then it will decrease your current score. Fortunately, our recommended lenders of personal loans with no credit check won’t perform a hard credit check when reviewing your application.
Yes, given the low eligibility standards. Even if you have a very poor credit score, little credit history, little income, or are receiving assistance because you are unemployed right now, you can still be approved. You will be authorised for a loan as long as your income and debt to income ratio allow you to pay back the loan.
No, you won't need a minimum credit score to be eligible for this kind of loan because there won't be a credit check. You will still need to fulfil specific eligibility conditions, which can change according on the lender you select, so this does not guarantee approval.
The maximum amount you can borrow will vary depending on the lender you choose. For example, Fast Loans Group can lend you up to $50,000 with no credit check, making it the best choice for big loans. You can also use our recommended companies to borrow small amounts such as $100, $200, $250 or $300. Just