No Credit Check Installment Loans

Reduce the risk of your credit score getting even poorer; chase only loans with no hard credit checks. iPaydayLoans can help you secure a no hard credit check installment loan by connecting you with lenders that facilitate such. Fill out our short form to get started now.

Want to borrow more than $5,000? Click here!

Have you ever pulled out your credit report and noticed something called a hard credit check or hard inquiry in there? Here’s what it means - that you have applied for credit in the past two years. While this may look harmless on the surface, hard credit checks aren’t exactly something you would like to see on your report each time.

Hard credit inquiries can negatively affect your credit score. In contrast, soft credit checks do not and are only commonplace with online loans.

But, not all online lenders run soft credit checks. The good news is that iPaydayLoans can connect you with lenders who run only soft credit checks, and in addition, give high loan amounts (up to $5k) and charge fair interest rates.

default imgWhy Us
How much can I borrow?$50-$35,000No hidden fees or charges
I have bad credit. Can I apply?YesBad credit is considered
Over how long can I spread the repayments?1-36 monthsFast decisions
Are credit checks involved?YesSoft credit checks only
Chances of getting approvalsGood256-bit encryption protocol
How to apply?Apply onlineEasy application
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Is It Possible to Obtain Installment Loans With No Credit Check?

A no credit check installment loan can be mistaken for a loan that’s processed without carrying out any credit checks. However, this is not what’s implied most times. Credit checks are a must-run by every licensed lender in the US. However, pulling out credit reports (hard credit inquiries) can hurt the borrower’s credit reports.

To avoid this, some lenders run soft credit checks. These checks are done for formality’s sake mostly, are not reported to the major credit bureaus and so, do not affect the borrower’s credit ratings. Since soft credit checks are as good as not carrying out any credit checks, installment loans obtained after running soft credit checks are known as installment loans with no credit check.

Installment loans with no credit checks are a reliable source of funding in emergencies because they are easy to apply for, and quickly disbursed.

Are People With Bad Credit Eligible to Take Out Installment Loans?

People with a poor or limited credit history can still get all the cash they need, and their chances of getting this can be high too depending on the lender they turn to. Online lenders most times play down the borrower’s history with credit payments if they have a monthly income that can conveniently cover their regular financial commitments.

Installment loan lenders want to be sure that the borrower can take on more credit without stretching too thin financially. But rather than looking at their credit history to take a cue from this, they look at their monthly income, employment history, how long they’ve worked at their current job place or how long they’ve earned their declared monthly income, spending history and debt-to-income ratio.

What this means is that the borrower can still be eligible to take out an installment loan even if their FICO score is in the poor credit category.

How to Get an Installment Loan Without a Hard Credit Check?

One of the many reasons why a no credit check installment loan is highly sought after is how incredibly easy it is to apply for one. Anyone familiar with the bank’s loan application process can tell how difficult it used to be to apply for a loan.

iPaydayLoans and similar loan brokers have brought ease into the loan request process by hosting the entire process online. Here’s how to apply for a loan on iPaydayLoans.

  • Fill out its simple, short form. This form indicates your interest in obtaining a loan. On this form, you will be asked for basic personal and financial information and this should take you about five to seven minutes. Submit the form and you will be connected with a few lenders amongst the 100+ lenders in our extensive network of accredited and certified lenders.
  • The lender reviews your submission, runs soft credit checks on your profile and assesses your ability to take on more credit based on your monthly income and spending history, among a few other things.
  • If the funding decision goes in your favor, you will be sent a free, no-obligation quote. You are allowed to review the several offers you get before making a decision.
  • Sign the offer that best works for you and you should be expecting the approved loan amount soon afterward.

Depending on the lender and your bank’s deposit processing speed, you can get credited as soon as the next hour, within the same day, or the next business day. Our partner lenders can provide you with up to $5k in loans.

How much would you like?


Pros of Installment Loans With No Hard Credit Check?

Simple, straightforward application process

Unlike traditional bank loans that involve extensive paperwork and sometimes queuing at the banking hall, installment loans are done online and involve zero paperwork. All you have to do really is share a few personal and financial information.

Funds are processed quickly

Since not so many checks are carried out on the borrower, nor is there a long list of eligibility requirements to meet, installment loans are usually processed and disbursed quickly. Oftentimes, lenders can facilitate a deposit in the provided bank account as quickly as the next hour, the same day, or the following business day.

Bad credit is considered too

Don't let anyone tell you that good credit is what gets you a loan. Sure, good credit scores give you a higher chance of getting approved for a loan and with higher interest rates. But you can still get an installment loan if you have bad credit. With iPaydayLoans’ partner lenders, your chances of getting approved for an installment loan are in fact, very high; about 97%.

Who Qualifies for Installment Loans Without Hard Credit Check?

To qualify for an installment loan, good credit or not, one must meet some eligibility requirements. While these requirements may be a little different from lender to lender, there are basic ones that apply to all lenders, including:

  • Must be 18 years old or older.
  • Must not be bankrupt or any close to filing for bankruptcy.
  • Have a steady source of income that provides them with enough money to cover their monthly installments conveniently.
  • Should be a resident of the state where they are applying for the loan.
  • Must have valid contact information.
  • Must have a checking account to receive the deposit.
  • Needs to provide a government-issued ID like a passport or their driver’s license.

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In What Amount of Time Do Installment Loans Have to Be Paid Back?

The loan term for installment loans is generally longer than your typical short-term loan. Its loan term is determined by the loan amount, the interest rate and the offer presented by the lender. However, it can be as long as two to three years. Many borrowers have had their loans plus interest rates spread evenly over as much as 36 months.

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Secure a No Hard Credit Check Installment Loan Now!

Avoid triggering another hard inquiry on your credit report. Fill out our application form and we will in a few minutes connect you with a lender who is willing to finance your needs, runs only soft credit checks, and does not risk your credit score dropping while at it.

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iPaydayLoans is a company committed to connecting borrowers to hundreds of reputable online lenders to apply and get small-dollar payday loans quickly, easily, and securely, helping cope with life emergencies like paying medical bills, home, or car repairs, and so on.

Customer Note: A payday loan is traditionally used to help people borrow a small sum of money until the next upcoming payday. It's a short-term solution to cover unexpected expenses when people have no savings or deep pockets. Those who find themselves in a bind with their budget and want to refill it with credits should seek the advice of a professional financial assistant. A borrower also has to peruse local regulations related to a payday loan.

Availability: The service of this platform may not be accessible to people based in restricted states. Please check the local regulations to find out its availability in the area. Rules of this website are subject to change without notifications.

NOT A LENDER Disclosure: iPaydayLoans is not a lender but a broker and does not charge you any fees for our broker services. The lenders or other broker services we introduce to our customers through this website may pay us commissions if customers enter into a credit agreement with them.

Disclaimer: iPaydayLoans is not a lender, does not take applications or make loans or credit decisions. We are not an agent, representative or broker of any lender. We provide a service to connect you to a lender from our network. We do not control and are not responsible for any lender's actions or decisions.