No Credit Loans for August 2022

best personal loansThe best no credit loan offers are through

$1,000 – $50,000

with repayment periods of

36 , 60 months

. Personal loans through Upstart also have low APRs, of 

5.35% – 35.99%

, typically. However, there is a

0% – 8%

origination fee.

In general, the best no credit loans have relatively low rates and fees, and they offer reasonable repayment periods. Your exact APR will depend on factors like income and existing debt, though. For your convenience, we’ve compared some of the top options below.
 

No Credit Loans Comparison

Company
APRs
Loan Amounts
Origination Fee
Upstart

5.35% – 35.99%

, typically

$1,000 – $50,000

0% – 8%

Oportun

36% maximum

$300 – $10,000

Depends on the customer

NetCredit

36% – 155% (varies by state)

$500 – $10,500

1% – 5% (varies by state)

OppLoans

59% – 160%

$500 – $4,000

$0

RISE

60% – 299%

$500 – $5,000

None

Integra Credit

99% – 300%

$500 – $3,000

$0

Tips for Getting a Loan with No Credit

  1. Compare your choices carefully. No credit loans can be very expensive compared to other personal loans, so it’s best to minimize your APR and fees. You’ll also need to find a company that offers enough funding to cover your expense. No credit loans typically offer a few hundred to a few thousand dollars.  
  2. Pay off your loan as quickly as possible. No credit loans often have short repayment periods because the loan amounts are small. If you’re financially able to, you should consider paying back your loan even faster than you’re required to. This will minimize the amount of interest charges you’ll have to pay on the loan.
  3. Consider alternatives. No credit loans aren’t the only option for people with no credit. A credit-builder loan may be a better option if you don’t need to borrow and just want to improve your credit. Asking a family member or a friend to lend you money is another alternative, but this may put stress on your relationship.
  4. Build your credit. If you’re having a hard time getting approved for a decent loan with no credit, you may want to work on building your credit first. Credit-builder loans and credit cards are two great ways to build your credit from scratch.

The full range of available rates varies by state. The average 5-year loan offered across all lenders using the Upstart platform will have an APR of 24.83% and 60 monthly payments of $26.36 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $15,817 including a $594 origination fee. APR is calculated based on 5-year rates offered in the last 1 month. There is no down payment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.

Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000), NM ($5,100), OH ($6,000).

The best no credit loan offers are through Upstart , a lending platform that partners with banks to offer loans ofwith repayment periods of. Personal loans through Upstart also have low APRs, of, typically. However, there is aorigination fee.In general, the best no credit loans have relatively low rates and fees, and they offer reasonable repayment periods. Your exact APR will depend on factors like income and existing debt, though. For your convenience, we’ve compared some of the top options below.The full range of available rates varies by state. The average 5-year loan offered across all lenders using the Upstart platform will have an APR of 24.83% and 60 monthly payments of $26.36 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $15,817 including a $594 origination fee. APR is calculated based on 5-year rates offered in the last 1 month. There is no down payment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000), NM ($5,100), OH ($6,000).