If you are looking for a quick cash loan, but don’t want a credit check, there are still options out there for you. While most of the major lenders are focused on credit scores, there are companies that are willing to lend you money without looking at your credit history. This is also advantageous if you are needing cash fast, as these loans can be processed in a shorter window of time.
When you see a lender offering a “no credit check” loan, they are meaning exactly that. They will not reach out to a credit bureau and request that your credit history be sent over. The thing that they will be checking is your bank history and income. The lender will want to see that you are employed and earning an income and will be capable of affording the loan you are requesting. Click here to find out how to get a loan without a credit check.
In order to qualify for a quick personal loan in Australia you will generally need to meet the following requirements:
- 18 years of age or older
- Australian citizen/permanent resident
- Possess a valid phone number and email address
- Received regular income into your bank account for at least three months
These are standard rules of thumb when applying for quick loans at any lending agency. In addition to these requirements, there are typically other pieces of information that you should have available when you get ready to apply, such as:
- Valid proof of ID
- Name and address of your employer
- Your banking information and credentials
- Your myGov credentials if you receive a Centrelink income
- A description of the reason you are wanting to take out a loan
There are a lot of lenders available that offer short term loans without requiring a credit check. This type of lending has increased in popularity in recent years to help address the need for quick access to cash even with poor credit history. Make sure to do some research on lenders before diving in, as there are a number of them out there that have poor reputations and could end up being more of a burden than a help to your situation.
One option to help connect with legitimate issues would be to go through a third party company that specializes in getting people loans through trustworthy companies. These companies will ask that you provide the basic information that lenders will need, and then inquire on your behalf. Then they will send you a list of lenders that are willing to finance your loan and you will be able to pick the one that you feel the most comfortable with,
Quick cash loans are a great option for people with lower credit scores or in times that funds are needed right away. It is important to do proper research before, and ensure that you will be capable of making payments on time in order to avoid the higher fees typically associated with these types of loans. As long as you do your homework, a fast cash loan can be the perfect fit without the requirement of a credit check.