A ”Buy Now, Pay Later” loan refers to a payment method offered by some retailers that allow you to complete your payments in monthly installments.
However, most of these retailers consider your credit score before letting you choose this payment method.
Advanced loans from no-credit-check loan companies are a much better alternative. You’ll be able to pay off the retailer instantly while completing your monthly installments with the loan company instead.
This way, you have a much better chance of getting a loan since these loan companies don’t check your credit score. Plus, the more you pay your monthly payments on time, the more positive its impact on your credit score will be.
The best part about these loans is that you don’t need a good credit score to get quick approvals, and there’s also no need for collateral! That means you won’t lose any assets in case of payment failure, but we recommend making your monthly payments on time.
MoneyMutual is the best example of such a loan company since it offers quick approval for your loans and a generous lending limit.
Keep reading to find our complete list of the top 10 “Buy Now, Pay Later” no credit check loans.
We’ve also included how to improve your credit by completing your timely payments with these loan companies.
Best “Buy Now, Pay Later” Loans:
- MoneyMutual - Best instant no credit check loans overall
- CashUSA - Doesn’t check your credit history
- BadCreditLoans - Great for a poor credit score F
- Lending Point - Fastest Loans With No Credit Check
- PersonalLoans.com - No credit check personal loans
- Upgrade - Low interest charges
- Funds Joy - Great for all types of loan requests F
- Prosper - Low minimum interest rate
- Citrus-loans - Get your funds fast
- Avant - No eligibility requirements
1. MoneyMutual - Best Overall Loans With Instant Approval
- Free to use application
- Quick connection to the lender
- User-friendly interface
- Offers quick loans
- Simple application with minimum requirements
- Not available in New York or Connecticut
In simple words, MoneyMutual is an all-rounder, which is why it stays at the top of our list. It’s the best place to go when you need a no-check credit loan on short notice. To claim MoneyMutual’s low-interest rates - be sure to try them out!
MoneyMutual Eligibility Requirements: 4/5
MoneyMutual has simple eligibility criteria, requiring you to be 18 years old and a U.S. citizen or permanent resident. In addition, you must verify an $800 or more monthly income, whether that’s from employment or entitlements. Then, all you need is a checking account in your name.
MoneyMutual Lending Amount: 4.4/5
You can lend anywhere from $500 to $10,000, an easy amount to pay back in installments.
MoneyMutual Interest Rate and Fees: 4.5/5
MoneyMutual’s interest rates and fees vary from lender to lender, but they’re never too high. Since there’s a variety of lenders available, you can pick the one with the most reasonable APR.
MoneyMutual Repayment: 4.5/5
The repayment time also depends on the lender’s requirements, allowing you much repayment flexibility in the marketplace.
2. CashUSA - Quick Loans With No Credit Check
- Fast loan offers and disbursement
- Quick and hassle-free online application
- Safe to use
- Variety of lenders to choose from
- Somewhat high-interest rates
CashUSA is a better option for those that need less demanding eligibility requirements. However, if you need a small, no check credit loan quickly, this loan company has your back.
Eligibility Requirements: 4.5/5
CashUSA also has simple eligibility criteria, requiring you to be 18 years old and a U.S. citizen or permanent resident. Then, all you need is a checking account in your name and some contact information to offer. Plus, you only need to be employed 90 days before the application.
Lending Amount: 4/5
The lending amount at CashUSA varies based on the lender, but you can borrow up to $10,000 at this marketplace.
Interest Rate and Fees: 4.7/5
CashUSA’s interest rates are somewhat high, ranging from 5.99% to 35.99% APR.
You can repay your no credit check loans at CashUSA between 3 months to 6 years, depending on the lender.
3. BadCreditLoans - Easiest Loans With No Credit Check
- Offers loans for 500 credit scores or less
- No application fees
- Quick funding after approval
- Fast and helpful customer service
- $1,000 lending limit for credit scores lower than 500
- Demanding eligibility requirements
BadCreditLoans is ideal in terms of ease of use and user-friendliness. The forms are easy to fill out but require more personal information than other loan companies.
BadCreditLoans Eligibility Requirements: 4/5
To get loans with no credit check on BadCreditLoans, you must be 18 years of age and a U.S. citizen. Other documents include proof of regular income, a checking account in your name, and contact information.
BadCreditLoans Lending Amount: 4.2/5
BadCreditLoans lends up to $10,000 per loan.
BadCreditLoans Interest Rate and Fees: 4.7/5
BadCreditLoans’ interest rates range from 5.99% to 35.99% APR.
BadCreditLoans Repayment: 4.5/5
Depending on the lending amount, you can pay back your loan between 3 months to 6 years.
4. LendingPoint - Fastest Loans With No Credit Check
- Quick funding
- No prepayment penalties
- Buy now, pay later loans for people with low credit
- Reasonable interest fees
- No joint loans
- Origination fees
LendingPoint is ideal for U.S. residents looking for quick no credit check loans since it operates in 48 states. The best part is that you can receive these loans within one business day.
LendingPoint Eligibility Requirements: 4/5
To be eligible for LendingPoint’s loans with no credit check, you must be 18 years of age and provide:
- A U.S. government-issued photo I.D.
- Social security number
- Proof of annual income of $20,000.
Lastly, you must have a checking account in your name and live in one of the 48 states LendingPoint operates in.
LendingPoint Lending Amount: 4.9/5
You can borrow anywhere between $2,000 to $36,5000 from LendingPoint.
LendingPoint Interest Rate and Fees: 4.5/5
LendingPoint’s interest rates are relatively low, ranging from 9.99% to 35.99%. But, you will also have to pay a 0% to 6% origination fee.
LendingPoint Repayment: 4.7/5
LendingPoint offers repayment flexibility to its users, allowing you to pay within a 24 to 60-month period.
5. PersonalLoans.com - Convenient Loans With No Credit Check
- No collateral required
- Fast funding within one business day
- Large lender network
- Generous loan amounts
- Not a direct lender
- Origination fees
PersonalLoans.com is the perfect lender network for those in need of emergency “Buy Now, Pay Later” no credit check loans, as it approves the loan within one business day.
PersonalLoans.com Eligibility Requirements: 4.5/5
PersonalLoans.com has the standard eligibility criteria, requiring you to be 18 or older and a legal U.S. citizen or permanent resident. You also have to provide your Social Security number, proof of employment or regular disability benefits, and a valid checking account.
PersonalLoans.com Lending Amount: 4.2/5
PersonalLoans.com offers a pretty generous lending amount compared to other lending companies, allowing you to borrow an amount between $1,000 and $35,000.
PersonalLoans.com Interest Rate and Fees: 4.6/5
PersonalLoans.com’s interest rates are also pretty standard, ranging from a minimum of 5.99% APR and a maximum of 35.99% APR. Thankfully, you don’t have to pay any origination fees.
PersonalLoans.com Repayment: 5/5
When it comes to repayment flexibility, PersonalLoans.com takes the cake. You can pay back your loans within a 3 to 72 months period.
6. Upgrade - Great for Minimum Requirements
- Allows secured and joint loans
- Flexibility in repayment terms
- Generous lending amount
- Minimum eligibility requirements
- Origination fees
- Late fees
Upgrade is most commonly known for its user-friendly interface and various discounts. In addition, its eligibility requirements are the simplest out of all the options on our list.
Upgrade Eligibility Requirements: 4.7/5
As we mentioned, Upgrade’s eligibility requirements are quite simple. You must be a legal U.S. citizen or permanent resident at least 18 years old. In addition, you must have a verifiable bank account and email address.
Upgrade Lending Amount: 4.5/5
Upgrade’s lending amount is also generous, ranging from $1,000 to $50,000.
Upgrade Interest Rate and Fees: 3.5/5
Upgrade has a standard interest rate which ranges from 5.94% to 35.97% APR depending on the lending amount. However, you will have to pay an origination fee, ranging from 2.9% to 8%.
Upgrade Repayment: 4.5/5
Upgrade has one of the best repayment flexibility on the market, as you can pay back your loan anywhere between 24 to 84 months.
7. Funds Joy - Variety of Loans Available
Funds Joy Pros
- Simple eligibility requirements
- Quick funding
- Large lender network
Funds Joy Cons
- Origination fees
If you need quick funding for a no-check credit loan, Funds Joy will not disappoint you. Not only is its online application quick and simple, but it also provides a lot of repayment flexibility.
Funds Joy Eligibility Requirements: 4.3/5
Funds Joy’s eligibility criteria are flexible since it varies from lender to lender. In addition, the marketplace offers a wide range of lenders, so you can easily pick the lender with the most reasonable eligibility requirements.
Funds Joy Lending Amount: 4/5
Funds Joy’s lending limit is just enough to cover small financial mishaps on a short basis. However, with their $200 - $5,000 range, you can make big purchases and pay them off in monthly installments.
Funds Joy Interest Rate and Fees: 3.5/5
Funds Joy’s interest rates can get pretty high, with a minimum of 4.99% APR and a maximum of 450% APR. In addition, you’ll have to pay origination fees ranging from 1% to 5%.
Funds Joy Repayment: 4.2/5
Thankfully, the platform makes up for the high-interest rates with its repayment flexibility. The repayment terms depend on the lender, so you can choose the one that suits you best.
8. Prosper - Low Interest Rate Loans
- Low minimum interest rate
- Allows joint applications
- Quick funding available
- Generous lending amount
- Origination and late fees
Prosper has a very diverse lender network, which allows you to choose the APR, repayment term, and eligibility criteria that suit you best. Plus, you can even adjust your monthly due date.
Prosper Eligibility Requirements: 3.5/5
In comparison to other lenders, Prosper’s eligibility requirements are pretty demanding. First, you must ensure that the debt-to-income ratio is no more than 50%. You must also have no bankruptcies filed within the last 12 months and less than five credit bureau inquiries within the last six months.
Lastly, you should have at least three open trades reported on your credit report.
Prosper Lending Amount: 4.7/5
Luckily, Prosper makes up for the demanding eligibility requirements with its generous lending amount. You can borrow anywhere from $2,000 to $40,000 per loan.
Prosper Interest Rate and Fees: 4.4/5
Prosper’s interest rates and fees vary based on the lending amount.
Prosper Repayment: 4.5/5
You can pay back your no credit check loans within 3 to 5 years.
9. Citrus Loans - Great for Instant Loans
Citrus Loans Pros
- Available in all 50 states
- Quick funding
- Wide range of lenders
- Generous lending amount
Citrus Loans Cons
- Metabank customers cannot apply
- The interface isn’t user-friendly
Citrus Loans is especially known for its availability throughout the U.S. and ability to approve funds quicker than any other lender on this list.
Citrus Loans Eligibility Requirements: 4/5
Citrus Loans has fairly simple eligibility requirements, requiring you to provide a U.S. social security number, state I.D., proof of a $1,000 monthly income, and a valid bank account. However, Metabank customers cannot apply for a loan at Citrus Loans.
Citrus Loans Lending Amount: 4.5/5
Citrus Loans offer a generous lending amount, ranging from $100 to $25,000.
Citrus Loans Interest Rate and Fees: 4.7/5
The interest rates on Citrus Loans vary based on the lender. But, since the marketplace offers a diverse lender network, you can choose a lender that offers an APR that suits you best.
Citrus Loans Repayment: 4.5/5
Citrus Loans’ repayment flexibility is commendable, allowing you to pay anywhere between one to five years.
10. Avant - Easiest Loan Request Process
- No eligibility requirements
- Choice between secured and unsecured loan
- Flexible repayment terms
- Charges administration fee
- No option for cosigners
Avant is the ideal lender for middle-income borrowers since it has little to no eligibility. Plus, it offers flexible payment terms and a generous lending limit.
Avant Eligibility Requirements: 4.5/5
Avant has minimum eligibility requirements. Besides being at least 18 years of age, you will need to verify your bank account, employment, and income.
Avant Lending Amount: 4.5/5
You can borrow anywhere between $2,000 and $35,000 from Avant, allowing you to fix bigger financial mishaps.
Avant Interest Rate and Fees:4/5
Avant offers standard interest rates, ranging from 9.95% to 35.99%.
Avant Repayment: 4/5
You can repay your Avant loans anywhere between 24 and 60 months.
How We Picked the Best No Credit Check Loans:
A few elements make a loan company credible and ideal for people looking for no credit check loans.
Since you have a low credit score, you must ensure that the lender has minimum eligibility requirements. With Buy Now Pay Later loans, you want to pay off your purchases instantly, leaving you no time to improve your credit score.
Avant is a great lender since it only requires basic information, such as your age, income, and banking details. This means you can get loans for bad credit without demanding eligibility criteria.
When you’re borrowing a Buy Now Pay Later no credit check loan, the lending amount will probably be low. The lenders can’t check your credit score, meaning they only have your monthly account to depend on.
However, a higher lending amount speaks of the lender’s credibility. Upgrade is a good example of such a loan company as it offers Buy Now Pay Later loans in larger amounts. Their lending amount ranges from $1,000 to $50,000, meaning you can pay off your most expensive purchases in one go.
Interest Rate and Fees
Making sure the interest rates and fees are little to none is critical while taking loans, as you don’t want the final payment to be hundreds of dollars higher than the original lending amount. Most interest rates and fees vary based on lenders in lender networks.
However, the ideal range of APR to settle for is 5.99% to 35.99%, offered by BadCreditLoans.
It’s not easy to pack a loan, and failing to meet repayment terms can impact your credit score negatively. That’s why it’s important to calculate the monthly installments you can afford before agreeing to any repayment terms.
Upgrade offers the most repayment flexibility on our list, extending the longest term to 7 years.
Finding the Best “Buy Now, Pay Later” Loan for You
Which type of loan does not require a credit check?
Personal loans with no credit check, credit-builder loans, payday loans, and most federal student loans are a few examples of loan types that don’t require you to detail your credit score information.
These loans are best for low-credit borrowers looking for fast cash to cover financial mishaps. It’s worth noting that paying off these loans on time will positively impact your credit score.
What are the easiest loans to get approved for?
Personal installment loans, payday loans, pawn shop loans, and car title loans are easy to get approved for. These loans typically don’t require a credit check and offer a quick solution for bad credit borrowers in need.
They depend on your monthly income to approve your loan request. You can expect guaranteed approval as quickly as one business day.
What is a non-credit loan?
Before lending you the required amount, a non-credit loan does not ask for a hard inquiry into your credit report. Instead, these loans depend on your lending history and a monthly income as factors for approval.
These loans are quick solutions for bad-credit borrowers in need since they offer request approvals within the next business day. Credit-builder loans, payday loans, and most federal student loans are examples of non-credit loans.
Do Payday loans require a credit check?
Payday loans typically do not require a credit check and have minimum eligibility requirements. For example, most of them require you to be 18 years of age and a legal U.S. citizen. In addition, you’ll need to provide contact information, an active bank account, and proof of income.
When you accept a payday loan, you must send an installment whenever you receive your monthly paycheck.
How to Get Started With No Credit Check Instant Loans
Here is a complete, step-by-step guide on how anyone can apply for a “Buy Now, Pay Later” loan for bad credit.
Step #1: Submit Your Application
First, pick the loan company that suits you best, head over to their lender network, and fill out the given form. In this application, you’ll need to enter some personal information, such as your full name, contact, address, social security number, and bank account information.
Step #2: Review the Terms and Conditions
Once you find a lender willing to lend your required amount, it’s time to review their terms and conditions in great detail. Only agree to the transaction if their required APR, installments, and repayment time seems reasonable to you.
Step #3: Confirm Your Details
Lastly, you can confirm your details and confirm the transaction. You must keep in mind that your credit score will be impacted negatively if you fail to meet the repayment terms, so accept the loan at your discretion.
Step #4: Receive the Loan
Finally, all there’s left to do is receive the loan. Most loan services on our list offer quick, no-credit-check loans’ guaranteed approval. You’ll receive your loan as quickly as the next business day.
Buy Now Pay Later Guaranteed Approval Loans - Conclusion
In case of a financial mishap or emergency, a bad credit score can be a big bummer, preventing you from getting the loans you need.
But thankfully, that’s not the reality anymore. Certain loan companies are willing to lend you the required amount without even checking your credit score.
You can utilize these loans as a “Buy Now, Pay Later” payment method. Of course, you’ll be paying for your purchase instantly to the retailer. But thanks to the monthly installment loan, you’ll have time to improve your finances before paying for your expensive goods out of pocket.
Before you pick a loan company, follow our guide and take the lending amount, interest rates, and repayment flexibility into consideration and be sure to read more about the most reputable loans out there.