Currently, several online lenders in the market offer loans at favorable interest rates with relaxed requirements. However, most loans require monthly installments and an annual APR. Here are some of the online lending options to consider.
- CreditLoan
You can get loans from as low as $250 to as high as $5,000. You will need to have an active savings or checking account. Also, you are allowed to have an active loan, and after repaying it, you can apply for another. Even if you have a bad credit history, that should not worry you, and your money will be directly deposited into your account within a day.
- CashUSA.com
With CashUSA.com, loans vary from $500 to $10,000, and all credit types are accepted. Sometimes CashUSA.com offers a revolving credit line similar to a credit card, and after repaying it, you might reuse the repaid credit. You must be a US citizen above 18 years old or a permanent resident to qualify for the credit. The other requirement you need to meet is to have proof of around $1,000 monthly income after tax.
- Bad Credit Loans
Requirements to qualify for a loan with BadCreditLoans.com include being above 18 and being a US citizen with a working phone number and valid email address. You can access $500 to $10,000; funding takes less than 24 hours. The provider has flexible credit requirements, and the online application process takes 5 minutes to be approved.
- MoneyMutual
MoneyMutual offers short-term loans of up to $5,000. It is popular as the next-day online installment loan provider, but its lenders offer in-person cash loan alternatives. It is important to note that the APR on a cash loan is much higher relative to a direct deposit loan because of the associated risk.
- CashAdvance.com
This payday loan provider offers short-term loans of between $100 and $1000 with flexible acceptance requirements. You should be employed with 90 days on the job and have a monthly income of $1,000.
