Paydayloanskentucky.org – A 1 hour pay day loans no credit check seems like a trap. It’s too fast and too kind for whatever reason. However, an instant loan like this is actually possible.
You can use it during difficult times. To repair your laptop, for example, or paying your electricity bill. You’ll be fine as long as you return it before the due date.
In this article, we’ll help you to choose the fastest instant payday loan. Read the full article to get the best idea before you take any loan online.
Very Fast 1 Hour Payday Loans No Credit Check
An instant loan can be described as a loan that will be granted faster, usually in a matter of hours. An instant loan is different compared to a bank loan with all the stricter rules. The other name of this loan is a payday loan.
A payday loan can be issued faster because:
- It doesn’t use middleman. The borrowers get loans directly from the lenders (the companies).
- It doesn’t require complex verification.
- It doesn’t do a hard credit check.
- It’s done online. Borrowers don’t need to go to companies.
However, this benefit is compensated by a higher interest rate. A payday loan company can set an APR as high as 800%.
1 Hour Payday Loans No Credit Check Best Apps
There are several apps that will lend you money faster. But not all of them will process it in one hour.
- Earnin: Can be very fast with a certain amount of money. Otherwise, it will take several business days. APR is 312.3%.
- Brigit: Not the fastest. It can lend you the money within a day, but normally it needs 3 days. APR is 500%.
- Chime: Very fast with no fees but expect you to tip. APR is 104.3%.
- Dave: Normally, it will take 3 days to give you the money. But if you are willing to pay the express fee, you’ll get the cash within an hour. APR is 468.8%.
- Empower: Very fast, especially if you pay the instant delivery fee. APR is 468.7%.
- MoneyLion: Very fast if you pay an instant delivery fee. APR is 468.8%.
| Apps | Speed | Apps | Speed |
|---|---|---|---|
| Earnin | Fast with limited money | Dave | Fast with special fee |
| Brigit | Fast with limited money | Empower | Fast with special fee |
| Chime | Instant | MoneyLion | Fast with special fee |
Tips Choosing 1 Hour Payday Loans No Credit Check
We have several tips that might be helpful for you to select the best payday loan app:
- Calculate the total amount of money you should pay, including the interest rate and the fees. Choose the cheapest one.
- Be careful with the penalty charge. Some apps charge a lot of money if you can’t pay the money back on time.
- Choose the approved app, be it by BBB or other institutions
- Don’t take multiple loans from multiple apps. A fast loan usually comes with a high APR. If you take multiple loans, you will end up unable to pay all of them at all.
- Trust your friends and family. If you know someone who used a payday loan app before, seek advice from them as the internet reviews could be fake.
1 Hour Payday Loans No Credit Check Guaranteed Approval
A 100% guaranteed approval is impossible. A payday loan company will still check your background and do a credit check even if it just a soft credit search.
According to FICO, the lowest credit score is 300. Those with this score will have a harder time getting a loan. Borrowing money from a payday loan app is still possible, but some apps might charge them with higher interest rates and lower credit.
Tips for A No Refusal Payday Loan
- Don’t be picky. If you want cash as fast as possible, you can’t be that too picky with apps’ requirements.
- Don’t expect a large amount of money. Borrowing a large sum of money means a longer time to get an approval response.
- Ask the loan on business days in the morning (before 12 p.m).
- Prepare all the needed documentation. It will fasten the application process.
Overnight Loans No Credit Check
Another alternative if you want to get an instant loan is to choose the apps that will give the money “overnight.” It might be slower than the 1 hour payday loans no credit check, but it’s still convenient compared to bank loans.
However, as stated, you need to apply for it on business days in the morning. Thus, your application will be processed earlier.
Small Payday Loan No Credit Check
Most instant loan companies will only lend a small amount of money for a 1-hour direct deposit. Usually, it will be $500 or less depending on the apps.
This regulation is actually beneficial for both lenders and borrowers. An instant 1 hour payday loans no credit check is very high-risk. This kind of borrowing is perfect for those that need fast cash but are able to pay it back on time.
Example of $50 Loan Instant No Credit Check
Mrs. Anne needed some cash as soon as possible. She had just heard that her son was winning a prestigious competition. She wanted to attend the award ceremony. However, her money was not enough. She then took a loan from a payday loan app that granted her $50 in just 1 hour.
Mrs. Anne read all the requirements. And she was able to pay it on time as she only borrowed $50. She is a smart borrower and understands the risk of instant loans.
After all, 1 hour payday loans no credit check is indeed possible. There are several apps that will lend you money within an hour. However, you need to carefully read all the requirements before taking it to avoid problems in the future.
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