No credit check loans from Bonsai Finance

If you have bad credit and have been turned down by banks or other lenders, Bonsai Finance No Credit Check Loans can be the solution to your immediate cash needs.

While other lenders only look at your credit score to decide if you are eligible for a loan, Bonsai Finance takes into account your full application and finds you the money you need.

Read below for the five easy steps to apply for a personal loan no credit check through Bonsai Finance.

Online loans no credit check

 

  • Bonsai Finance

    Our take: Online marketplace to find you a personal loan offer that matches your needs Show more
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    All can apply$100 - $15,0001 - 605.99% - 35.99%Varies by lender
    Credit ScoreAll can apply
    Loan Size/Amount$100 - $15,000
    Loan Term1 - 60
    APR5.99% - 35.99%
    Origination FeeVaries by lender
    Our take: Online marketplace to find you a personal loan offer that matches your needsShow more

Step 1: Review the loan application requirements

While approval for no credit check personal loans is much more likely than a more traditional loan from a bank, there are certain requirements you must meet. These include:

  • Must be 18 or older.
  • Must have an active US bank account.
  • Proof of regular, monthly income.
  • Size of payments is limited by your ability to repay.
  • Cannot have outstanding loans with the lender.

As most applicants can meet these requirements, getting approved for a no credit check loan is highly likely.

Step 2: Complete the no credit check loan application online

While many lenders require you to come to meet a loan officer, Bonsai Finance provides the convenience of applying for a loan online. This can be done from the comfort of home, on the go, or wherever you have an internet connection.

The applications is short, so don’t expect to be filling out loads of paperwork like at a bank. We will ask you for some basic information such as:

  • Amount of loan needed
  • Personal information
  • How to contact you
  • Source of income
  • Bank information

The bank information includes the routing and account number where your loan should be deposited. If you don’t have a check book handy, you can log into your mobile banking, or look at a recent statement to get this. Just make sure you have it handy when you go to apply for a loan.

Step 3: Review your online loan offer

After you apply for a loan through Bonsai Finance, your application will be immediately reviewed. This is done 24 hours per day, 7 days a week. So, you won’t have to wait until the next business day to find out if you got approved or not.

The review of your application only takes a few minutes, so you will find out almost instantly what kind of loan we can offer.

Most importantly, we do not conduct a hard credit check, so applying for a cash loan no credit check through Bonsai Finance won’t show up on your credit report, and won’t hurt your credit score!

Step 4: Finalize your loan and receive the money in your account

When you receive your loan offer, you will be redirected to the lender’s website. As this is done automatically, you’ll be able to immediately review the contract, terms and conditions, and full cost of the loan.

If you agree with the loan terms offered, then you can sign electronically (again, no visit to a loan officer is required), and the money will be deposited into your account.

The money can be in your account the same day, or sometimes it could take to the next business day. You will certainly receive your loan faster than if you went to a bank.

Step 5: Repay your loan and improve your credit score

Depending on what type of loan you are applying for, the repayment could be as soon as your next payday, if it is a payday loan online, or it could be over the course of a few months if it is an installment loan.

Regardless of how long you will be paying back, most repayments are done automatically, through ACH payments. This will depend on the specific loan terms, so you’ll need to make sure you read them thoroughly.

Finally, you should monitor your credit score, and work to improve it. There are multiple ways you can improve your credit score, including paying back any loans or cards where you’ve missed a payment.

  • Bonsai Finance

    Our take: Online marketplace to find you a personal loan offer that matches your needs Show more
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    All can apply$100 - $15,0001 - 605.99% - 35.99%Varies by lender
    Credit ScoreAll can apply
    Loan Size/Amount$100 - $15,000
    Loan Term1 - 60
    APR5.99% - 35.99%
    Origination FeeVaries by lender
    Our take: Online marketplace to find you a personal loan offer that matches your needsShow more

7 Benefits of no credit check loans

There are many benefits to a no credit check loan, but here are the 7 most important:

1. Easy Accessibility:

You can request online loans from the comfort of your own home, so you don’t have to take the time to head to a bank.

2. Likely Approval:

Having to request multiple loans and getting disapproved on several of them can further hurt your credit score, but bad credit personal loans guaranteed approval have a very high likelihood of approval.

3. Simple forms:

The request forms are kept simple and straightforward, only asking for essential information.

4. Quick processing:

It takes only minutes to request an online loan, and approval is typically very fast. The cash is usually deposited into your bank account on the same or next business day.

5. Greater flexibility:

You can borrow more and get more time to repay with personal loans than is possible with most payday lenders. You can borrow anywhere from a $100 to $15,000 and repay over the course of months instead of weeks.

6. Better rates:

Online personal loans for bad credit tend to have lower rates/fees than payday loans online, title loans, and even many credit cards.

7. Help your credit score:

By taking out an online personal loan and making your installment payments consistently on time, you can rebuild a damaged credit score.

After you’ve taken out a no credit check loan, and are working to build up your credit score, you can then check your credit score for free from Annual Credit Report. Federal law requires you to be able to access your credit score once per year from each agency (Equifax, Experian, TransUnion), so you should check with one of them each four months or so.

Frequently Asked Questions

How can I get a loan without a credit check?

While banks are required to focus on your credit score to determine eligibility, there are many types of lenders who look at other factors to qualify you for a loan. Some of these factors are income, bank balances, and even education.

Which loan company is best for bad credit?

By applying through Bonsai Finance, we can help you find the best lender for your personal situation. Some of the best loan companies are Avant, Opploans, and CashNetUSA.

Does Bonsai Finance check credit?

No, Bonsai Finance does not conduct a hard credit check, so it will not show up on your credit report. Our proprietary system enables you to be approved based on multiple factors besides your credit score.

Can I get a personal loan with a 500 credit score?

Yes, when you apply for a loan through Bonsai Finance, we are able to approve you for a loan even with the worst credit scores. Our online loan application prevents you from having to visit multiple lenders to find the right one – we do the work for you!

Additional loan products from Bonsai Finance

Read below to see more online loan options from Bonsai Finance

Payday Loans No Credit Check
Quick Loans No Credit Check
Bad Credit Loans
Personal Loans No Credit Check