Cash loans no credit check

When you need cash fast but lack the sterling credit history that many traditional lenders demand before approving a short-term loan, what are your options?

You may be tempted to think you are simply "out of options" or have no other recourse but a payday loan. But this is almost certainly not the case. At Bonsai Finance, nearly every applicant can get approved for a cash loan no credit check needed by going through a simple, upfront process that can be completed in a matter of minutes.

Personal Cash Loan no credit check

We understand how easy it is for your credit to be damaged during a "financial rough spot" in your life. In fact, around a third of all U.S. credit scores are "poor" or "bad" for this very reason. And many others lack any significant credit history at all, which also often becomes a barrier to loan approval at a local bank or more "traditional" lending institution.

But payday loans are not always a viable solution, for they may too greatly restrict loan amount, not give you enough time to repay, and charge you higher rates and fees than an online personal loan.

Personal loans, also called "installment loans," open up greater possibilities to those with bad or no credit. At Bonsai Finance, our personal loans give you greater flexibility and convenience than those of our competitors. Here are some of the benefits we advice on:

  • Bad credit not a problem, and no credit check necessary.
  • Loan amounts can range from $100 to $5,000.
  • Loan terms can range from 6 months to 18 months.
  • Our fees are simple, transparent, and highly competitive in the market.
  • We work with you to ensure you to create an affordable repayment schedule and automate repayment to make it easy.
  • Our application forms are short, simple, and straightforward.
  • Cash is credited to your account in a week or less upon loan approval.

How Are Cash Loans no credit check Possible?

Many times, those in need of a fast-cash loan assume that a credit check will be run and would quickly disqualify them — so they don't even apply. That is a big mistake. There are many lenders, in fact, that will accept bad or no credit applicants. And there are very good reasons for that, including these:

  1. Around 30% of all applicants with a significant credit history have poor to bad credit. This is a huge market that lenders simply can't ignore. There is real competition for these loan customers, just as there is in the prime credit market.
  2. It is common knowledge that many had their credit damaged years ago and for reasons beyond their control. Many people with bad credit are 100% willing to repay their obligations and are now in a position where they will be able to do so.
  3. Like any business, no credit check lenders realize there is money to be made by accepting bad credit borrowers. At Bonsai, we help you find lower rates and fees than most in the industry and treat our clients in a fair, upfront manner. But obviously, the industry exists because it is profitable.

When Should You Take Out an Online Personal Loan?

There are a number of situations in which people commonly opt for an online personal loan that has no credit score or credit check requirement.

Here are a few example scenarios of when a cash loan no credit check needed would make sense:

  • You are in a short-term financial difficulty where your checking account could get overdrawn or you could be temporarily unable to make on-time payments on your car, house, or utilities. You have steady income, so you just need a quick boost to get you over this "financial bump" so you can avoid punishing late fees or repossessions.
  • You need more financing for expenses while at college than you can get via your student loan. You plan to graduate in a semester or two. You just need a little extra cash to get you across the finish line.
  • Your car needs major repairs or you need to quickly buy a new car but lack the cash on hand to do so. You can ride with a friend for a short while but need a functioning vehicle fast in order to avoid losing your job. 
  • Your roof is leaking after a severe storm and you need to make an emergency repair but can't get a bank loan. You don't posses DIY roof repair skills, and even if you do, you need to buy the materials without delay.

Every situation is unique, but this should give you an idea of when a fast-cash loan might be necessary. But, in reality, you can get approved regardless of the purpose of the loan, so long as you meet the basic requirements (which are quite minimal).

Requirements for Cash Loans Without a Credit Check

At Bonsai Finance, there are very few requirements for getting your personal loan approved. There is certainly no requirement regarding a credit score or any credit check being run. But here are some of the few requirements we do have:

  1. You must be an adult (at least 18 years old).
  2. You must have a regular source of income that we can verify.
  3. You need to have an active U.S.-based bank account.
  4. We require you give us a cell phone number in case we need to call or text you.
  5. We automatically enroll all borrowers in automatic withdrawal for repayments.

If you already have an outstanding loan with us or failed to repay a personal loan to us or a similar lender in the past, that could disqualify you. But poor credit rates are not an issue.

Cash Loans No Credit Check Approval and Repayment

We keep the approval process fast and easy. That is one of the advantages of online loans and of Bonsai Finance loans.

Our online application form will require a few basic pieces of personal information, a verifiable source of income, bank account information, a credit or debit card number, and an estimate of your monthly income, expenses, and the size of installment payment you can handle.

It will only take minutes to complete the basic information we ask for, and approval is nearly instantaneous. We do not waste time with a needless credit check. We understand that timing is important when you are taking out a fast-cash loan.

We will have to run a preauthorization check on your debit/credit card and direct debit $5 from your bank account. These actions are just to ensure all accounts are valid, and the small amounts used to verify this will be returned promptly. 

Your cash will arrive in, at most, 7 days, but it could come much sooner in many cases.

At Bonsai Finance, unlike many other short-term lenders, we work with you on repayments and show leniency. We give you a five-day grace period on monthly payment due dates and may be able to extend deadlines where necessary to avoid any late fee. And even if a late fee is incurred, we charge a modest 1% on the outstanding principle and no more.

7 Benefits of Cash Loans no credit check

We have touched upon some of the important benefits of getting a cash loan with no credit check above, but we can summarize them here for your convenience.

  1. Your chances of approval are much higher with no credit check loans than with traditional bank loans or online loans that do require a credit check.
  2. Avoiding a credit check saves time and helps you get your borrowed cash into your account as soon as possible.
  3. Running a credit check can negatively impact your already damaged credit score, something you obviously want to avoid.
  4. Taking out a short-term personal loan and repaying it with on-time monthly installments can help improve your credit rating.
  5. Short-term online loans get your through a financial trouble spot that could cost you more in bank or late fees on existing items than you will pay in interest on the loan.
  6. Not taking out a loan to get your over a financial hurdle could mean damaging your credit further besides all of the "practical" ramifications.
  7. Bonsai Finance loans get you your cash fast to help you around emergency situations. In many cases, there are few if any other viable options. But short-term cash loans no credit check can solve your immediate problem and set you up with manageable monthly payments till the loan is fully repaid.


In sum, we can say that cash loans no credit check "make sense" for lender and borrower alike. There is a real need for these kinds of loans and a real market demand that lenders are wise to meet. 

The benefits of taking out cash loans no credit check needed are many, both as to solving an immediate problem and as to helping to improve your credit score down the road.

Cash loans no credit check may seem like they are "too good to be true," but in fact, Bonsai Finance helps you find cash loans no credit check needed to the vast majority of applicants on a regular basis.