What is the best place to get a personal loan with no credit?

The best way to borrow $5,000 with no credit check is to apply for a personal loan from 60Monthloans, which does not use applicants' credit history as a condition for approval. Approval is still not guaranteed, though, as 60Monthloans will look at things like your income and employment status to determine your ability to pay.... read full answer

Unfortunately, few reputable lenders will offer loans of $5,000 with no credit check, so there isn't much of a selection. Although some alternatives are available, 60Monthloans is a better option because it's a lot less expensive.

Other Places to Get a $5,000 Loan With No Credit Check

Friends and family: There's no limit on the amount you can borrow from friends and family, as long as they're willing to lend it. Just be sure to have a solid repayment plan so you don't ruin your relationship.

Pawnshops: Pawnshops typically offer 25% - 60% of an item's value, and they hold onto that item while you repay the money with interest. The interest is expensive, though, and if you don't pay on time the pawnshop will sell the item rather than return it to you.

Auto title lenders: You can get a loan of around 25% to 50% of the value of your car, to be repaid in 15 to 30 days. But if you can’t pay it back – with interest as high as 25% of what you borrow – you could lose your car.

You can borrow $35,000 with no credit check from a friend or family member, a pawnshop or an auto title lender. There aren’t any traditional lenders that will offer loans of $35,000 with no credit check, unfortunately. Lenders with no credit check only offer small loans because there’s much more risk of nonpayment.... read full answer

Places to Get a $35,000 Loan With No Credit Check

Friends and family: There’s no limit on the amount you can borrow from friends and family, as long as they’re willing to lend it. Just be sure to have a solid repayment plan so you don’t ruin your relationship.

Pawnshops: Pawnshops typically offer 25% - 60% of an item’s value and give you time to repay that money with interest to reclaim the item. The interest is expensive, though.

Auto title lenders: You can get a loan for 15 to 30 days of around 25% to 50% of the value of your car. But if you can’t pay it back – with interest as high as 25% of what you borrow – you could lose your car.

There are also quite a few lenders that offer secured personal loans, which are relatively easy to qualify for because the borrower provides collateral that the lender can keep if they default. But there’s typically a credit check during the approval process for secured personal loans.

Most major loan companies do not offer same-day loans to people with no credit, but you can get a personal loan from Oportun as soon as the same day you apply. These loans offer $300 - $12,000 in funding and APRs of up to 36% maximum. There are a few other options for near-same-day loans for people who have no credit, as well.... read full answer

Loans That Offer Near-Same-Day Funding for People with No Credit

• Oportun: Funding as soon as the same day you apply
• Upstart: Funding as soon as 1 business day after approval
• OppLoans: Funding 1 - 3 business days after approval
• NetCredit: Funding 1 - 3 business days after approval
• Integra Credit: Funding 1 - 2 business days after approval

You may also be able to get a same-day loan with no credit from a payday lender, an auto-title lender, or friends and family. Payday and auto-title lenders are far too expensive, though, and borrowing from loved ones can present complications of its own.

If you’re not in a hurry to get a loan, WalletHub’s free pre-qualification tool will make the search for a loan much more efficient. This tool helps you get an idea of your rates ahead of time and it doesn’t hurt your credit score.

Upstart disclosure: If you accept your loan by 5pm EST (not including weekends or holidays), you will receive your funds the next business day. Loans used to fund education related expenses are subject to a 3 business day wait period between loan acceptance and funding in accordance with federal law.