If on top of that, you dont have a bank account; its even harder to get a loan. However, all hope is not lost; it is still possible to get a loan with bad credit and no bank account. Loan From a Traditional Bank will be Hard. Trying to get a loan without a bank account and bad credit from a traditional bank is difficult. Even if you are granted a loan, it will be at an extremely high interest rate.
The terms of your loan will also be limited. The amount you can borrow will be small, and you will most likely only be granted a personal loan or a student loan, since house and car loans are considered too risky for a person with bad credit. In certain cases you could be granted a salary loan if your income is high enough to repay it. The Use of Collateral.
Just fill out our Online Form. Follow the short process and if you are approved, receive your cash loan. APR INFORMATION. Annual Percentage Rate (APR) is a measure of the cost of credit, expressed as a nominal yearly rate. It relates to the amount and timing of value received by the consumer to the amount and timing of payments made.
We cannot guarantee any APR since we are not a lender ourselves. An APR can generally run between 6 up to 35. Loan products general have a 2-month minimum repayment term and a 84-month maximum repayment term. Before accepting a loan from a lender within our network, please read the loan agreement carefully as the APR and repayment terms may differ from what is listed on this site. Repayment Terms.
So rather than worrying about the lack of income whilst youre temporarily unemployed, what can you do. The solution is simple-apply for fast loans and pay it back when you are employed again. So you are currently unemployed. This is not necessarily your fault, as there are many reasons in which it may contribute to this. It could be a dispute between you and your employer where he is in the wrong, or it just may be an economic crisis and several dozens more employees were sacked along with you.
Its just bad luck, and it happens to almost everyone, so theres definitely nothing to be ashamed of. So rather than sitting is there a grace period for personal loans home moping, why not do something productive and seek fast loans whilst youre job hunting. If youre wondering how exactly fast loans are capable of helping you while youre unemployed, youve come to the right place.
Loans on the higher end of the APR range may be for a smaller loan amount and for a shorter term. Depending on your credit needs and desire to pay your loan off quickly, your lender may only offer you loans with an APR near the high end of the range noted above. This is an expensive form of credit. A short term loan should be used for short term financial needs only, not as a long term financial solution. Customers with credit difficulties should seek credit counseling or meet with a nonprofit financial counseling service in their community.
You are encouraged to consult your states consumer information pages to learn more about the risks involved with cash advances. State laws and regulations may be applicable to your payday loan.