There are several online lenders who are willing to lend to people without performing intensive checks on their credit history. These lenders partner with specific lending networks to make it easier for clients to find them.
Some online lending networks in Louisiana that you can rely on for help connecting to lenders are iPaydayLoans, WeLoans, US Bad Credit Loans, CashAdvance, and PersonalLoans. You can also use their 'Find Installment Loans Near Me' function to look for reliable lenders in Louisiana quickly.
| Loan Amount | Interest Rate | Loan Term | |
| iPaydayLoans | Up to $5,000 | Varies | Varies |
| WeLoans | Up to $5,000 | Varies | Varies |
| US Bad Credit Loans | Up to $5,000 | Varies | Varies |
| CashAdvance | Up to $1,000 | 2% - 22.9% | Varies |
| PersonalLoans | Up to $35,000 | 5.99% - 35.99% | 90 days – 72 months |
What Are the Requirements for Credit Score?
Loans with no credit checks are generally for those with bad credit history. However, it doesn't actually mean there is no credit check involved at all. Lenders are required to pull a credit check which could either be a hard credit or a soft credit check.
Since lenders performing soft credit checks do not look deep into your credit history, then there is no minimum requirement for a credit score. Instead, they use other factors to determine your eligibility for loan approval.
This includes your income and employment history. They also check whether you currently have any monthly debts, as well as your years of residency. What these lenders are concerned with is stability and capability to ensure that you can pay off your loan.
How Long Does It Take To Get Loans With No Credit Check?
Securing an installment loan without a hard credit check in Louisiana generally does not take long. After submitting the online form which takes five minutes to complete, a list of offers will be sent to your email box within the next few minutes.
Then, it's all just a matter of sorting the paperwork and agreement with the lender that you chose. This usually takes a couple of hours. By the next business day, you'll be able to access the amount you loaned.
Of course, the approval process takes a lot longer if you loaned a bigger amount. This is because lenders take their time to scrutinize your financial capability to ensure that you can pay off such a huge amount.