4 Best Signature Loans No Credit Check in 2021

Credit check is there to ensure that lenders expose themselves to as little risk as possible. This is why lenders who don’t perform credit inquiries (like payday lenders) tend to compensate for this risk with incredibly high interest rates. For some lenders, this figure can go as high as 300-400% APR. The best alternative to this is to look for signature installment loans with a soft-pull pre-approval application. With that in mind, here are some of the best signature loans with no credit check in 2020.

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Top 4 Signature Loans No Credit Check 2021

1. BadCreditLoans.com

BadCreditLoans.com is a lending platform that specializes in debt consolidation and emergency expenses. Due to the incredible terms on offer, it can be said that it facilitates some of the best loans with no credit check. It has low rates and only performs a soft credit pull for the majority of its borrowers. Full Review

  • APR: 5.99-35.99%
  • Loan Amount: $500-$10,000
  • Loan Term Length: 3 months to 5 years

BadCreditLoans.com is a lending platform that specializes in debt consolidation and emergency expenses. Due to the incredible terms on offer, it can be said that it facilitates some of the best loans with no credit check. It has low rates and only performs a soft credit pull for the majority of its borrowers. Full Review

2. Avant

Avant’s unsecured personal loans are definitely some of the best no credit check loans out there. Avant’s credibility in the lending industry is undisputed. Also, the fact it’s been working with loans for decades without a blemish on its reputation underscores the company’s reliability. Full Review

  • APR: 9.95-35.99%
  • Loan Amount: $2,000-$35,000
  • Loan Term Length: 2-5 years

Avant’s unsecured personal loans are definitely some of the best no credit check loans out there. Avant’s credibility in the lending industry is undisputed. Also, the fact it’s been working with loans for decades without a blemish on its reputation underscores the company’s reliability. Full Review

3. OneMain Financial

The main advantages of this lender are the simple application process and the absence of a minimum credit score requirement. As it offers same-day funding, it’s one of the best instant loans with no credit check in the industry. Full Review

  • APR: 18%-35.99%
  • Loan Amount: $1,500-$20,000
  • Loan Term Length: 2 to 5 years

The main advantages of this lender are the simple application process and the absence of a minimum credit score requirement. As it offers same-day funding, it’s one of the best instant loans with no credit check in the industry. Full Review

4. Upstart

When looking for the best online personal loans with no credit check options, P2P platforms are always worth checking out. Here, a platform like Upstart towers head and shoulders above its closest competitors when it comes to APR and overall efficiency. Full Review

  • APR: 8.41%-35.99%
  • Loan Amount: $1,000-$50,000
  • Loan Term Length: 3 to 5 years

When looking for the best online personal loans with no credit check options, P2P platforms are always worth checking out. Here, a platform like Upstart towers head and shoulders above its closest competitors when it comes to APR and overall efficiency. Full Review

Best Signature Loans With No Credit Check

 

Avant: Best for debt consolidation
OneMain Financial: Best for emergency expenses
Upstart: Best for short credit history borrowers
BadCreditLoans.com: Best for short-term loans

Detailed Reviews

Avant
Avant

BEST FOR

debt consolidation

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  • APR: 9.95-35.99%
  • Loan Amount: $2,000-$35,000
  • Minimum Credit Score: 580
  • Loan Term Length: 2-5 years
  • Origination Fee: Up to 4.75%
  • Funding Time: Next business day

Even when talking about the best installment loans with no credit check, not all platforms and direct lenders are the same. It’s very hard to find someone who can match Avant’s longevity and trustworthiness in the industry. Especially when we take into account that it deals in both secured and unsecured loans is also a huge factor.

One of Avant’s strongest points is its solid online presence. It’s on every list of the online signature loans for bad credit because it has so much information available online. It has a pre-qualification form, a repayment calculator, and an extensive FAQ section on its website.

Loan Requirements

The first requirement to look out for is the minimum credit score of 580. This is what makes Avant’s loans some of the best bad credit no credit check loans.

During the application, the potential borrower needs to submit some personal information like their name, social security number, and contact info. Other than this, Avant needs their monthly net income, as well as their monthly housing payments, if any. This helps them establish the income-to-debt ratio. Loan reasons are the last piece of information required.

Loan Terms

APR: The APR on signature loans is always higher than the one on secured loans. For Avant’s no credit check loan, the APR ranges from 9.95% all the way to 35.99%.

Loan Amount: One of the traits of the best installment loans with no credit check is a low minimal lendable amount. The low $2,000 that Avant offers is quite convenient. The maximum loan size of $35,000 isn’t great for people who need a more substantial loan, but it’s enough for most purposes.

Loan Term Length: The usual loan term length for Avant’s installment loans is 24-60 months. This gives borrowers plenty of time to plan their monthly payments.

Origination Fee: The origination fee goes up to 4.75%. This may seem high, but it’s the average that doesn’t deviate much from the best online installment loans with no credit check.

Funding Time: Funding time is a strong selling point, as well. As soon as the borrower’s profile is fully assessed, and the application is approved, the money can be deposited in one or two business days.

Credit Check: This is a pretty standard check of a prospective client’s creditworthiness. All companies offering the best personal loans with no credit check perform a soft credit pull in the first stage. Once the application process proceeds to the next stage, Avant will perform a hard credit inquiry.

Repayment: The payments can be made through the Automated Clearing House or via credit or debit cards. It’s also possible to reschedule payments or even make multiple payments in one billing cycle. There’s no early repayment fee, so it’s possible to repay a loan quickly if you have funds available.

What We Liked and Didn’t Like About Avant

For those with fair credit but no collateral, Avant offers the best online loans with no credit check out there. It has competitive rates for fair-credit borrowers and good repayment term length.

While we’re focusing on signature loans, Avant does offer secured loans as well. That’s a huge plus for prospective borrowers with something to put up as collateral.

Most importantly, the loan is fully customizable and flexible regarding the repayment options.

The lack of a co-signer option is one of the biggest downsides that prevents Avant’s loans from being the best no credit check loans.

While Avant accepts applicants with poor credit scores, they will most likely end up with high APR. This is why a lot of reviews prefer to see it as a fair rather than a bad credit lender.

OneMain Financial
OneMain Financial

BEST FOR

emergency expenses

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  • APR: 18%-35.99%
  • Loan Amount: $1,500-$20,000
  • Minimum Credit Score: Not disclosed
  • Loan Term Length: 2 to 5 years
  • Origination Fee: $25-$400 or 1-10%
  • Funding Time: Same day

When looking for the best short term loans with no credit check, there’s no need to look further than OneMain Financial. The approval process doesn’t insist on a minimum credit score. This means that people who would be rejected elsewhere have a good chance of being eligible for OneMain loans. The APR is somewhat higher, but this isn’t that big of a problem in the short term.

The thing that separates OneMain Financial as a lender is that it offers some of the best fast loans with no credit check in the industry. Everything about this process is speed-oriented, from the application and approval of a loan all the way to the time it takes for the funds to become available.

Loan Requirements

Although the lender doesn’t insist on the minimum credit score, having a score between 600 and 650 can significantly impact the loan terms.

All applicants need to be older than 18 and US citizens or residents. They need to submit a valid, government-issued ID, proof of residence, and proof of income. The simplicity of the process makes OneMain’s loans into one of the best income-based loans with no credit check out there.

Loan Terms

APR: The APR for this loan is between 18% and 35.99%. This means that while this is considered one of the best bad credit signature loans, it is still a good idea to apply for it with a fair credit score or higher.

Loan Amount: While the loan amount ranges from $1,500 to $20,000, this isn’t true for all the states. For instance, in Virginia, the minimum loan amount is $2,600, while in California, it’s $3,000.

In addition, new customers are limited to lower maximum unsecured loan amounts in some states. This maximum ranges from $7,000 in Maine to $14,000 in West Virginia.

Loan Term Length: The loan term length is a standard 24 to 60 months. As far as best online no credit check loans go, this is fairly standard. Those who intend to go for a lower lendable amount might want to look into alternative forms of lending.

Origination Fee: OneMain Financial charges an origination fee that can vary quite a bit. The fee is either flat $25-$400 or 1-10% of the loan’s value; both options vary by state.

Funding Time: The funding time is what cements OneMain Financial as providing some of the best signature loans with no credit check. Namely, a borrower can have the money available as soon as the same day, which is simply unparalleled.

Credit Check: OneMain Financial uses a soft credit pull in order to assess the credit score of their borrowers. This allows them to perform efficient pre-qualification. This saves the borrower the effort of having to undergo a hard credit check straight away.

Repayment: Like with other best no credit check personal loans, with OneMain Financial, there’s no early repayment fee. It’s also possible to change the payment due date up to once a year and up to twice total, per loan.

What We Liked and Didn’t Like About OneMain Financial

It would be outright irresponsible, even negligible, not to start this list with the incredible speed at which the funding on this platform works. Having the money available on the day of submission is something few lenders can boast.

While you may find better terms with some other entries on the list of the best installment loans with no credit check, the truth is that many of them don’t allow co-signers or joint loans. This is where OneMain, again, stands above the others.

A pre-qualification tool on OneMain’s website allows for free credit score access. This means that the applicant can skip the unpleasantness of having to resort to a hard credit pull straight away, a major advantage in its own right.

The origination fee can be incredibly high (1-10%). In fact, for below-average-credit borrowers, the origination fee will be substantially higher than with the rest of the best no credit check installment loans.

Some of its closest competitors have a much lower APR and generally better terms for bad credit borrowers. Therefore, it would be hard to argue against shopping around a bit before committing to a loan.

Upstart
Upstart

BEST FOR

short credit history borrowers

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  • APR: 8.41%-35.99%
  • Loan Amount: $1,000-$50,000
  • Minimum Credit Score: 580
  • Loan Term Length: 3 to 5 years
  • Origination Fee: 0-8%
  • Funding Time: Next business day

While Upstart signature loans for poor credit are a thing, the truth is that this lending platform has the most to offer to the middle of the road borrowers. They are definitely its primary focus, and they can get borrowers’ profiles that attract the best lenders. This means a minimal (or no) origination fee and APR that is amongst the lowest in the industry.

Regardless of its low credit score requirement, these are not guaranteed approval signature loans. This is why only 27% of applicants actually get approved for a loan. By having a credit score that is anywhere between 620 and 660, the applicant can drastically impact their odds of getting approved. More importantly, they can get much better rates.

Loan Requirements

The minimum credit score for Upstart personal signature loans is 580, but this might not be enough for guaranteed approval.

In order to create an accurate and reliable borrower’s profile, the platform briefly checks their credit history. It focuses on recent delinquencies, the number of inquiries, and potential bankruptcy in the last six months. As a relief to many, inquiries related to student loans, mortgages and car loans are not included in the inquiry. This means Upstart can facilitate an excellent no credit check unsecured loan for people who are already paying off one of those loans.

Loan Terms

APR: The APR for Upstart loans depends on the lender. It’s possible to get a rate of 8.41%, which is one of the lowest rates in the industry. The upper end of the range stops at 35.99%, which is similar to the rest of the lenders.

Loan Amount: The loan amount also has a decent spread, going from $1,000 to $50,000. This means Upstart customers who want to consolidate their debts can get one of the best installments loans with no credit check.

Loan Term Length: The minimum loan repayment term of 36 months is somewhat higher than the 24 months offered by some other lending platforms. The maximum length of 60 months, however, is an industry-standard.

Origination Fee: Depending on the lender’s terms and the borrower’s creditworthiness, the origination fee can be anything between 0% and 8%.

Funding Time: Like the majority of the best no credit check online loans, the verification can range between 24 and 48 hours. As soon as this is done, the funds can be available within one business day.

Credit Check: In order not to unnecessarily bring down one’s credit score, Upstart starts with a simple soft credit inquiry. Later on, once the application process really starts, the platform will resort to a hard credit pull.

Repayment: Upstart’s signature loans with no credit check don’t require an early repayment fee. With the right repayment plan, this matter becomes a lot simpler both for the lender and the borrower.

What We Liked and Didn’t Like About Upstart

Upstart’s treatment of recent credit inquiries for car and mortgage loans is quite lax, which is a massive boost to potential applicants. The same goes for the fact that they accept borrowers who are new to credit.

While they may not be instant signature loans, Upstart loans can be available rather quickly. As soon as the borrower’s profile is completed and the lender is found, the money can be deposited in one or two business days.

With any signature loan with no credit check, the APR depends on the lender. With the right credit score, Upstart can offer some of the best terms in the industry.

A potential origination fee can go up to 8%, which is fairly high compared to the industry standard of around 5%. On the other hand, with the right lender and a solid borrower’s profile, one can avoid paying the origination fee altogether.

The fact that Upstart is a P2P platform means that the majority of the terms are determined by the lender. So, the terms may range from ideal to quite unfavorable, depending on the situation. This lack of consistency makes planning quite difficult.

BadCreditLoans.com
BadCreditLoans.com

BEST FOR

short-term loans

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  • APR: 5.99-35.99%
  • Loan Amount: $500-$10,000
  • Minimum Credit Score: Not disclosed
  • Loan Term Length: 3 months to 5 years
  • Origination Fee: Varies by lender
  • Funding Time: Varies by lender

BadCreditLoans.com’s lender partners offer great terms for no credit check signature loans. The lender doesn’t insist on a minimum credit score and offers quite low minimum lendable amounts. This means that you can potentially use this loan in order to fix your car or your fridge. Seeing as how the platform has no early repayment fee, you can use it as an alternative for a payday loan.

Other than this, the low APR makes this loan into quite a decent consolidation loan. You can apply for a loan of about $2,000 and, with an APR of about 20% (which is still relatively high), pay back the total of about $2,200 over the course of 12 months. In other words, you can use this no credit check signature loan to cover all your late bills and minor debts. This would set you on the path towards recovering your credit score.

Loan Requirements

There is no minimum credit score required; however, with an average-to-fair credit, a borrower can get far superior terms. The APR range is pretty large, and those looking for larger lendable amounts might want to pay close attention to this.

Other requirements are fairly standard as far as signature loans online with no credit check go. The borrower needs to be at least 18 years old. They are also legally required to be a US citizen or resident.

Loan Terms

APR: The APR range is 5.99%-35.99%, which is in line with most competitors in this category. While the upper end of the scale can be prohibitive, it can still be managed with the right lender and loan terms.

Loan Amount: It’s possible to get a no credit check loan ranging from $500 to $10,000. This is sufficient for emergency expenses, minor repairs, and relatively small debt consolidation.

Loan Term Length: Standard loan term length for this loan is anywhere from 90 days to 5 years. The three-month minimum loan term duration can make this installment loan into a decent alternative to a payday loan that the borrower originally intended to get.

Origination Fee: The origination fees are set by lenders and can reach 8% of the loan amount.

Funding Time: You can expect that these no credit check loans will be funded relatively quickly, but the exact time is determined by the lender.

Credit Check: Like other loans in this category, the process starts with a soft credit pull. Later on, a lender can insist on a hard credit pull.

Repayment: Those interested in the best no credit check installment loans with monthly payments need to read the terms offered by the lender carefully. Signature loans for bad credit customers are considered risky and can have unfavorable repayment terms.

What We Liked and Didn’t Like About CashUSA.com

With a decent credit score, it’s possible to get really favorable terms with good APR and/or even non-existent origination fees.

The BadCreditLoans.com platform has a large lender network. As far as no credit check personal loans go, this is one of the biggest names in the industry, allowing borrowers an incredible breadth of choice.

The application process is very quick. The applicant submits several details regarding their personal info and financial history. As soon as the borrower’s profile is done, the offers will start arriving.

One more thing that might concern some of those interested in getting a signature personal loan from BadCreditLender is the lack of transparency. Prospective borrowers who want to learn actual information about loan terms will have to go through the application process.

The biggest downside of this particular platform is the fact that the upper margin for the potential APRis pretty high. Sure, 35.99% is an industry-standard, but it still means paying huge potential interest.

How to Find the Best Signature Loan with No Credit Check in 2021

If you follow our guide, you should have no trouble choosing the right signature loan with no credit check that will match your needs. Here’s a basic overview of what you should do:

Manage your expectations

Finding the right signature loan with no credit check is not a difficult task, the offers are available anywhere you look. Getting one might be trickier; there’s no such thing as really guaranteed signature loan. They have high credit score requirements, high APRs, other fees, or a combination of those factors. You have to know what you’re looking for and how likely you’re to get it.

Consider your financial situation

There are some loans that have unusually high credit score requirements, while others offer a guaranteed loan approval with no credit check. Naturally, those with higher requirements offer much better terms, but getting rejected because you’re unable to meet those requirements will waste your time. Consider if a secured loan might be a better option if you have something to put up as collateral.

Figure out how much money you can afford to pay off every month, and maybe get a joint loan to get better terms. Do the math and weigh your options.

Do your homework

So, choose wisely, do your homework and try shopping around. Getting the best signature loans with no credit check is going to take some work.

Research interest rates, additional fees, prepayment penalties, credit score requirements, everything you can think of. You can’t have too much information. Direct lenders, lending platforms, and even P2P sites may be a great place for you to start this research.

Then, after you’ve factored in all of the above, you should have narrowed your choices sufficiently to make the decision much easier. Generally, you always want to go for as low lending amount as you can get away with, minimize the APR, and eliminate any other fees.

Wrap Up

Like we said, finding the best place to get personal loans online with no credit check is not going to be effortless. You need to weigh loan requirements and terms against your own needs in order to find a perfect balance that goes in your favor. Signature loans don’t require collateral, so their repayment terms may be unfavorable. However, since there’s no hard pull involved initially, shopping around is a lot simpler, and the risk of applying to several lenders is a lot lower.

FAQ

How to get a signature loan with bad credit?

Getting a signature loan with bad credit isn’t as hard as it may seem, provided that you can find a suitable lender. What you’re looking for is a lender that provides guaranteed signature loans for bad credit borrowers. With lenders that accept 580 credit scores or don’t insist on a credit score at all, this really shouldn’t be a problem.

What is the easiest loan to get approved for?

The easiest loan to get approved for is definitely a payday loan. Unfortunately, they have incredible high interest rates, making them a bad proposition. On the other hand, while secured loans are somewhat more difficult to get, they’re much more affordable in the long run. Next are unsecured loans, that compensate for the increased risk with higher interest rates. When it comes to specific platforms and lenders on our list, BadCreditLoans.com and OneMain Financial loans have low qualification thresholds and offer reasonable terms.

What credit score is needed for a signature loan?

Even though some lenders have a minimum score of 580+, the truth is that for a favorable APR, the applicant should have at least 660+ credit score. The majority of direct lenders and lending platforms have a wide APR range, which is why the borrower’s credit score makes a world of difference.

Are signature loans hard to get?

Signature loans are unsecured, which is why expectations of lenders tend to be a bit higher. With no collateral to provide assurance, the best signature loans with no credit check are your safest bet. Still, without a decent credit score, your options will be limited and loan terms far inferior.