I Need A Small Cash Loan But I Have No Bank Account. Where Should I Turn To?

6 Answers

Yo Kass Profile
Yo Kass answered
Without a bank account getting a loan of any kind is going to be an extremely hard thing to do but you can get one with a little patience and perseverance.

An online search will produce a number of lenders who might be able to provide you with a 'No Bank Account Payday Loan' that will give you the money you need to help you over until your next pay day, hence the name. 

Applying for a small cash loan when you don't have a bank account:
We all get caught short from time to time and may need a little extra help to see us through till our next wage packet comes in. 

These are short term loans so they cannot be used to get a large loan to purchase a house or car with. They are purely to see you through a short emergency and then repaid when you get paid next.

Here's the steps to applying for a short term loan that you'll need to follow:

  • 1.  To apply for this kind of loan you need to be able to prove that you have a regular income in order for the lender to see that you can pay back the loan.
  • 2.  You must be over 18 years of age.
  • 3. Go on the internet and do an online search of lenders.
  • 4.  Select a suitable lender online that suits your needs.
  • 5.  Fill in the lenders online application form fully with details about you such as your name, address, date of birth, your job and finances etc. This should only take a few minutes and they are usually very straight forward and easy to complete.
  • 6. When you have completed the online application form fully submit it to the lender.
  • 7.  An answer regarding whether your application has been accepted or not will be received fairly quickly usually within an hour or so in most cases.
  • 8.  These loans can be pretty expensive due to the high interest rates that are attached to them and it may take a few days for the cheque to get to you.
  • 9.  When you receive your cheque you can then cash it at a bank.
Anonymous Profile
Anonymous answered
Don't worry dear, you can still get help even if you don't have a bank account.

You can go for:

  • PayDay Loan Companies
  • Credit Unions
  • Doorstep Lenders
How To Get A Small Cash Loan
Many companies will offer easy credit with very little in the way of background checks. In fact, these companies are so notorious that there was a recent BBC Panorama documentary about them!

If you're planning to go down the route of fast cash loans, there are several things you need to bear in mind:

  • High interest rates are very likely.
  • These companies often pursue debts very aggressively.
  • If you miss a payment, you could be hit with extra charges - and end up in a worse financial situation!
Before you apply for a loan, I would seriously recommend you speak to an advisory body that can help you tackle your debt. In the UK, the Citizens Advice Bureau is a good starting point.

In the US, the Department of Justice has a list of approved credit counselling services, a list of which you can find here: Justice.gov/ust/eo/bapcpa/ccde/cc_approved.

If you're intent on going ahead with a unsecured loan, then a quick internet search reveals a number of companies that offer loans with no bank account requirements.

Here are a few examples:

thanked the writer.
Anonymous
Anonymous commented
Have you used the website, that confirmation would be some help if you've done it before
Ummi Taylor
Ummi Taylor commented
My name is Dennis Weaver a citizen of Australia. i have been scammed by 20 different Internet international lender, they all promise to give me a loan after making me pay several fees which yield nothing and amounted to no positive result. i lost my hard earn money and it was a total of 28930USD. One day as i was browsing through the internet with tears on my eye i came across a testimony of man who was also scammed and eventually got linked to a legit loan company called John Harrison Loan Company where he finally got his loan, so i decided to contact the same loan company and then told them my story on how i have been scammed by 20 different lenders who did nothing but to course me more pain. I explain to the company by mail and all they told me was to cry no more because i will get my loan in their company and also i have made the right choice of contacting them. i filled the loan application form and proceeded with all that was requested of me and I was given a loan amount of $300,000AUD by this great Company (JOHN HARRISON LOAN COMPANY} managed by Mr. John Harrison and here i am today happy because JOHN HARRISON LOAN COMPANY HAS GIVEN ME A LOAN so i made a vow to my self that i will keep testifying on the internet on how i got my loan. Do you need a loan urgently kindly and quickly contact John Harrison loan company now for your loan via email: ( [email protected] )
Anonymous Profile
Anonymous answered
There's an account called Card One Banking - it's available at www.cardonebanking.com.
Shezan Shaikh Profile
Shezan Shaikh answered
A sure shot way of ensuring that you get a loan from a bank is having something to secure the loan with.

This will not only reduce the banker's risk but will also ensure that you get the best possible interest rate.

Most people find their residence is a good source of equity to secure their bank loan against even if it is a business loan.

Some banks will look at your life insurance for added security. The best possible security is having cash already in investments so you can use a personal guarantee to get your loan.

Ensure that you get a loan from a noted company or bank. There are lots of lenders out there who are more than willing to help you out of debt.

Payday loans as well as cash advance loans are normally considered high risk loans.
jackie Profile
jackie answered
You can if you have good credit limit. Other wise it is very hard to get one without.
drew Profile
drew answered
Get a bank account. They have starter bank accounts if you are having problems getting a reg/free one.

Good luck.
thanked the writer.
Anonymous
Anonymous commented
I still dont get what i can do now.what have i to do now so i can get one plz
Ummi Taylor
Ummi Taylor commented
My name is Dennis Weaver a citizen of Australia. i have been scammed by 20 different Internet international lender, they all promise to give me a loan after making me pay several fees which yield nothing and amounted to no positive result. i lost my hard earn money and it was a total of 28930USD. One day as i was browsing through the internet with tears on my eye i came across a testimony of man who was also scammed and eventually got linked to a legit loan company called John Harrison Loan Company where he finally got his loan, so i decided to contact the same loan company and then told them my story on how i have been scammed by 20 different lenders who did nothing but to course me more pain. I explain to the company by mail and all they told me was to cry no more because i will get my loan in their company and also i have made the right choice of contacting them. i filled the loan application form and proceeded with all that was requested of me and I was given a loan amount of $300,000AUD by this great Company (JOHN HARRISON LOAN COMPANY} managed by Mr. John Harrison and here i am today happy because JOHN HARRISON LOAN COMPANY HAS GIVEN ME A LOAN so i made a vow to my self that i will keep testifying on the internet on how i got my loan. Do you need a loan urgently kindly and quickly contact John Harrison loan company now for your loan via email: ( [email protected] )

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