No credit check loans with cheap rates are a great solution for unexpected emergencies. You can use these unsecured loans to solve your temporary short-term financial needs. Maybe your car broke down and you need extra money to fix it, or maybe your child got sick and needed medical attention. When you just need a little extra cash, a no credit check loan can help.

Many people are afraid to try to get quick cash loans because they feel that their credit is not good enough to qualify for these loans. That is not the case. Most of the quick money loan companies on the market today offer many types of options for you, no matter what your credit score is.

Short Term vs. long term loan

Cash advance loans are very short term and generally must be paid in full within 30 days. There is a small finance charge for the processing portion of the loan and the repayment date is based on your next payday.

In some cases, you can extend the loan by paying finance charges. This will allow you to borrow the same amount again for an additional 30 days. However, if possible, don’t continually extend it or borrow against your next paycheck because that’s how your payday lender makes a lot of money.

Since this loan may cost you the fee plus all interest as well, make sure you pay the loan off in full as soon as possible. Never rely on payday advances for everyday expenses or use them as a regular source of long-term loans.

Quick cash loan application requirements

With the convenience of online personal loan services, you can get a payday loan online without a credit check. This means that bad credit or no credit will not disqualify you from getting a payday cash loan. In fact, you deserve instant approval for no fax no credit check loans without going through a lot of paperwork.

While online loan lenders may not require you to fax documents such as your pay stub and a utility bill, offline companies may require you to fax the documents to approve your loan. But usually all it takes is an active checking account, a steady job, and a steady source of income.

If you are self-employed, prove your income by providing a copy of your W9. This will show them your income so they can calculate how much you can borrow. The amount you can borrow is up to $2000 or even more, depending on your lender and the size of your regular paycheck.

Get approved for a loan without a credit check

If you need extra cash until payday and a short-term cash loan is the best option for you, consider applying for a payday or check loan online. Applying for and getting approved for a cash advance loan online is quick and easy. Sometimes you can be approved and have the cash deposited directly into your checking account the same day you apply.

Interest rates on no credit check loans vary from company to company. Rates can range from as little as $10 to as much as $30 per hundred borrowed. Compare the rates charged for payday advance services when looking for the lender that offers the cheapest quick cash loan rate and rates.