Payday loans without checking account requirements are loans that borrowers take against their paychecks. They are considered “short term” loans, usually payable within three months, and are designed to offer clients quick relief during financial troubles. These loans are ideal for people who are faced with unpleasant or unexpected financial troubles.
- Check these loan companies where you can apply for a loan without a checking account or bank account: ZippyLoan, PersonalLoans.com, Loan Pioneer or CheckintoCash.
- Check out Prepaid debit card loans. With prepaid debit cards they actually issue you an account on the spot - a debit card account - and it will be the account you will be receiving the loan into. Some companies will even credit your current debit card if you have one that works!
- Find here a map of no bank account payday loan shops near you.
- Bitcoin Loans are also a possibilities for people needing a loan without a bank account. Bitcoin loans are rather new in the market and there are 5 main bitcoin loan companies.
- Consider taking a bank account so you can get a loan easier, we have a simply guide for you on how to get a free bank account without much hassle.
- Loans that are taken in-store, with or without collateral. In the case of in-store loans, since you are showing up in person, you may get approved and receive the money on the spot.
- Pawnbrokers are great for fast loans without bank accounts. At a pawnshop your risk to become indebted is generally lower than with other type of loans that don't require a bank account. Just be careful they don't overcharge you with interests and extra fees. If this is the case, better stay out of it.
How to get a loan without a bank account
Payday loan requirements
When applying for a payday loan without a bank account, you will be required to fulfill the following basic requirements.
- The legal age. To qualify for a payday loan, you must be at least 21 years in the US or 18 years old in the UK.
- Proof of income. Borrowers must provide proof of permanent income. However, in cases where you are not employed, you will be required to provide documentation to attest to your capacity to pay the loaned amount.
- A valid savings or checking account
Payday loan application process
Most lenders have online portals where borrowers can submit their application without having to visit the office. This way, your application will be received, processed and approved within 24 hours. The loan is then digitally credited to your provided bank account. The paperless nature of payday loan application makes the entire process a breeze.
Other options may be available. For instance, you can your loan availed through check if you do not wish to have the money deposited to your account. You can also have the loan credited to your bitcoin account if you are applying for bitcoin payday loans. While every lender has its own unique set of rules, most lenders employ a simple loan processing system.
Why payday loans are so enticing
Most lenders offer their services without a prior credit check. Thus, they tend to attract a bigger market as those who do not qualify for the traditional bank loan get another chance at this. Plus, the simplicity of requirements coupled with the convenience of applying online as well as the fast approval time all make payday loans very appealing.
Loan amounts
In the United States, the minimum you can borrow depends on your state of residence. In most states, the minimum loan amount is $50 while the maximum loan amount is $1000. The loan is usually payable in 2-4 weeks.
The interest rates
This is probably one of the most important factors that you need to consider when applying for this kind of loan. Unlike the conventional bank loans, payday loans attract a considerably high-interest rate. To illustrate this, some lenders may require you to pay $20 for every $100 borrowed. Keep in mind that this is a short-term loan and you are expected to repay it back with the next paycheck or within three months. Failing to repay the loan within the stipulated time frame may attract a huge penalty.
Important point to remember
A Payday loan without checking account requirements, like A mortgage or any other loan type, is a responsibility. It involves obligations and attracts serious penalties if not settled in time. Thus, it is important to keep in mind that while the loan is instant, you should stay within your reasonable bracket when applying. As with any other contractual agreement involving money, irresponsible borrowing can result in serious consequences.
Loans online without bank account
| Lender | Amount | Type | Cost | Features |
|---|---|---|---|---|
 |
$500 to $35,000 | Personal (no bank account needed in some cases) | up to 35.99% APR | Any Credit Score, easy online application |
 |
Up to $1500 | Payday, Title Loans (no bank account needed in some cases) | up to 782.14% | Approved in Minutes |
- Check these loan companies where you can apply for a loan without a checking account or bank account: CashNet, PersonalLoans.com, Netcredit, CheckintoCash
- Check out Prepaid debit card loans. With prepaid debit cards they actually issue you an account on the spot - a debit card account - and it will be the account you will be receiving the loan into. Some companies will even credit your current debit card if you have one that works!
- Find here a map of no bank account payday loan shops near you.
- Bitcoin Loans are also a possibilities for people needing a loan without a bank account. Bitcoin loans are rather new in the market and there are 5 main bitcoin loan companies.
- Consider taking a bank account so you can get a loan easier, we have a simply guide for you on how to get a free bank account without much hassle.
- Loans that are taken in-store, with or without collateral. In the case of in-store loans, since you are showing up in person, you may get approved and receive the money on the spot.
- Pawnbrokers are great for fast loans without bank accounts. At a pawnshop your risk to become indebted is generally lower than with other type of loans that don't require a bank account. Just be careful they don't overcharge you with interests and extra fees. If this is the case, better stay out of it.
