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How Do I Get A Loan With Out A Bank Account?

13 Answers

Shane Richardson Profile
If you do not have a bank account then the ways in which you can get a loan are somewhat limited to you but there are ways to getting one.

Lenders will usually require evidence of a bank account so that they can check that you have a regular income going into it and also to see if you have a regular income so they know that you are capable of making the repayments.

1.  You must be at least 18 years old or above to apply for a loan.

2.  Ideally you should also have a regular income through a job and can prove this to the lender.

3.  Look for and visit websites that offer a Payday Loan without Direct Debit Deposit. This means that the money that the lender will hopefully loan you does not have to be deposited into a bank account. A cheque will be sent out to you in the post for you to cash at a bank.

4.  When you have found a suitable lender and loan fill in the online application form. It will ask for details about you, your name and address, date of birth as well as your employment details so they at least know that you have a job and can meet the repayments as you have a monthly wage coming in.

5.  It is important that you keep a record of the repayment date so that you know when it is due.

6.  Make sure that you understand that this loan is a short term loan that has to be paid back when you get your next pay cheque. It is not a long-term loan.

7.  It is important that you make certain that you have sufficient funds to cover the repayment on the date it is due.

8.  These loans can be obtained very quickly which is good if you need the money in a hurry. The online forms are very straightforward and easy to complete and only take a few minutes to fill in.

9.  If there is no bank account available in which the lender can deposit the money a cheque will be sent out to you through the post. Therefore the money is not accessible immediately.
Anonymous Profile
Anonymous answered
How do I get a loan with no bank account and no credit card? I need the money now or send it through western union. Can anybody tell me how?
Anonymous Profile
Anonymous answered
I Need to get a loan so that me an my family can get are own place. Also so that I can pay on some bills an still have a GREAT Christmas an New Years. So Please if there is anyone out there to help me an my family I would appreciate it. Thank You Gilbert Vasquez
thanked the writer.
Anonymous
Anonymous commented
An international loan firm which is May-Bank Finances and loans in malaysia give out loans at 3 percent interest rate and you can contact mbfloans AT sify.com thank you.
Anonymous Profile
Anonymous answered
I'm about to get kicked out of my apartment and they have picked up my car already I'm at a lost place. I do work but no bank account please help me.
Anonymous Profile
Anonymous answered
I want to get a loan to pay all my bills but I don't have a job ( got laid off ) and don't have a bank account. Can I please get help
Aisha Profile
Aisha answered
There are many alternative methods and sources of credit, if you don't have a bank account. Such as Credit Unions, Social funds, Doorstep lenders, Association of British Credit Unions, Trading standards etc. You can contact them for a loan for a house. But I doubt if anyone on this website will be able to help you in extending personal credit services. Here is an article that will guide you about alternative sources of credit.
news.bbc.co.uk
Anonymous Profile
Anonymous answered
Pawn shops specialize in this.
Anonymous Profile
Anonymous answered
I need a loan but I have no bank account I don't have a job I'm on benefits and would like to make my home better for my kids
Anonymous Profile
Anonymous answered
I need a loan for 600 to get me a car to go back and forward to work
Michael Vincent Profile
Michael Vincent answered

For everyone who's still searching for this question, right now, the Malaysian credit card landscape have changed. Yeah. More banks, revised interest rates. Thankfully though, I like you guys to know that there are now financial comparison sites in Malaysia. Similar to Money Supermarket. There's now iMoney. And there's also Compare Hero, where you can compare a broad range of financial products for free.

Ritika Jain Profile
Ritika Jain , Finance Expert from Credit Nation, answered

Hi, I don't think you can get a bank loan without a bank account. It is mandatory to have a bank account because with an bank account, the bank has your personal details gets verified over a period of time. And the basic purpose is to make people create bank accounts and so the government can monitor the flow of money.

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