Instant Loans No Credit Check | CitrusNorth
Traditional instant loans lenders will conduct some credit check. If you’re facing a temporary cash shortage and your bills keep piling up, an instant payday loan or a cash advance online may be an option.
Even if you don’t have a good credit history, a payday loan is not the best choice. However, you may need cash urgently and the penalties for missed payments or other consequences can make it difficult to get approved.
These tips will help you find an online payday loan provider that is reliable and offers fast approval.
What does “No Credit Check Loan” mean?
Traditional payday loan lenders will conduct some credit checks. Some of them may use popular credit score bureaus like TransUnion, Equifax and Experian. Your credit score can be affected by making hard inquiries with these agencies. Any direct lender offering unsecured instant loans, such as payday loans, must conduct a background check.
Our lenders only rely on soft credit checks, which will not affect your credit score. Therefore, you can refer to payday loans offered by these lenders as “no credit check“.
Is “Instant Approval” the same as “Instant Determination”?
Instant approval loans mean that you will receive a decision within minutes of submitting your application. This is possible if you have all required documents and can apply in person at the lender’s store.
It is impossible to apply online for a payday loan and immediately get approval in the traditional sense. Instant approval online loans are instant approvals. This means that you will get a decision in a matter of minutes whether or not you have been pre-qualified.
However, this does not mean you will automatically be approved. After you have passed the initial qualification phase, your application must then be reviewed by the lender. Only then can you get approval. CitrusNorth typically allows you to get pre-qualification approval immediately and final approval within the same day.
How to get a loan with instant approval and no credit check?
Not all lenders can provide instant approval for payday loans. Even though these lenders offer instant approvals, they cannot guarantee that you will receive a payday loan. These guidelines will help you increase your chances of getting approved immediately for a loan with no credit check.
Are You Eligible?
Before you apply for a loan, ensure that you meet all eligibility requirements. These criteria can vary depending upon your state and the lender.
- At least 18 years old or older
- If you are employed or unemployed, you have a steady income source
- A valid photo ID and email address are required.
- An active checking account is available.
Send Your Loan Application
Online and in-store submissions are both possible for your payday loan application. Online submissions can take longer and may limit the number of lenders you have access to. Online applications are quicker, more convenient, safer, and more accessible during the COVID-19 pandemic.
Your chances of getting an instant approval payday loan are higher if you reach out to more lenders. CitrusNorth provides a fast and free loan-matching service for all US residents.