Cash advance loans for bad credit are one of the easiest ways to access the money you need during an emergency. Even people with poor credit can borrow small amounts through these loans. You can get them from lenders online or via their storefront.
Generally, there are no credit checks, collateral requirements, or co-signers needed for these types of loans. They come with same-day or in some cases next-day funding, which is perfect when you need cash quickly or can’t qualify for a traditional loan.
Along with these upsides, there are a few downsides too—higher interest rates, expensive fees, and short repayment terms make cash advances highly risky. If you’re not careful, you may end up falling into debt and ruining your financial health.
There are still wayouts around this, and you can get better terms if you research lenders. Don’t worry, we’ll teach you some loan terminology, tell you good lenders to borrow from, and explain the whole application process. It will help you to make an informed decision.
Who Can Get Cash Advance Loans for Bad Credit?
Everyone who wishes to skip lengthy documentation processes and receive their loan quickly can choose to get a cash advance loan. For bad credit loans, lenders don’t check your credit score at all. Approvals usually take just a couple of minutes, and almost everyone can qualify as long as they have these basic documents:
- Government-issued ID proof (driving license, passport)
- Income proof (bank statements, pay stubs)
- Residence proof (utility bills, rental agreement)
- Active checking account
- Social Security Number (SSN)
Additionally, you must be above 18 years of age, otherwise you won’t be approved.
No Credit Check Loans: What Are They?
Anyone who has poor or no credit history might know how hard it is to get loans from banks or credit unions. You’ll either need to take a secured loan and risk your assets, or you may have to involve a co-signer to qualify for a loan.
No credit check loans are specially for individuals who, for whatever reason, don’t have a great credit history. They allow you to access funds quickly without the usual credit score check. Instead of just this one factor, lenders rely on your income and ability to repay the loan.
How to Apply for Cash Advance Loans with Bad Credit?
Now, to get quick cash loans, you’ll need to look up lenders online and visit their website. Some popular lenders are SoFi, Upstart, Upgrade, MoneyMutual, ZippyLoan, First Tech Federal Credit Union, Brigit, Avant, Best Egg, OneMain Financial, and King of Kash.
All of them have different credit score requirements, interest rates (APR), and fees. So, you may peek through each of these lenders to find the best option. Each website has its own application form, documentation process, and even after that, you may or may not get approved.
Where to Find No-Credit-Check Cash Advances?
Want to skip the hassle of applying to different lenders one by one? Simply submit a short application with Best Rate Check. The website uses advanced AI to filter out lenders who are charging high interest rates. It will get you pre-approved with many trusted lenders at once, so you can just compare your options from the comfort of your home.
Interest Rate, Fees, & Repayment
When you take a cash advance loan, the lender charges you an interest rate, which is a fixed percentage of your loan’s principal. You have to pay back what you owe, plus this amount. Let’s say you’re borrowing $1,000 at an interest rate of 20 percent. Not only will you need to repay the $1,000 but also $200 more. That’s $1,200. You could say the loan cost you $200.
Moreover, there are also fees like origination fees or financing charges which you need to pay. They can range from 0 to 12 percent depending on the lender and your state. The interest rate and fees for your loan are combined into an annual percentage called APR.
If you look closely, it is safer to consider the APR (Annual Percentage Rate) when comparing different loans. That’s because all of the costs are included in this number. Some lenders charge lower interest rates, but if the fees are high, you’ll anyway end up paying back more!
Top Lenders to Get Cash Advance Loans
| Lender | Loan Amount Range | APR Range | More Features |
| MoneyMutual | $200 – $5,000 | Up to 35.99% | – |
| ZippyLoan | $100 – $15,000 | 12% – 35.99% | – |
| Upstart | $1,000 – $50,000 | 4.6% – 35.99% | AI-based evaluation; same-day funding if accepted before 5 p.m. ET; origination fees up to 10% |
| Upgrade | $1,000 – $50,000 | 7.99% – 35.99% | Minimum score 600; late fees are 5% of payment or $30 |
| First Tech Federal Credit Union | $500 – $50,000 | 7.7% – 18% | – |
| Brigit | Up to $250 | 0% | – |
| SoFi | $5,000 – $100,000 | 5.74% – 29.49% | Autopay discounts; no origination, late, or early payoff fees; 82% receive same-day funding if signed by 7 p.m. ET |
| LightStream | $5,000 – $100,000 | 6.94% – 25.29% | Same-day funding; no origination/late/early payoff fees; serves various purposes (debt consolidation, etc.) |
| PenFed | Starting at $600 | 8.99% – 29.99% | Funds disbursed electronically or by check; next-day availability with expedited shipping option |
| Avant | $2000 – $35,000 | 8.99% – 35.99% | Considers scores as low as 580; funding as soon as next business day; origination fees: $25–$500 or 1–10% |
| OneMain Financial | $1,500 – $20,000 | 7.99% – 35.99% | Offers secured/unsecured loans; same-day funding via debit card; late fees up to $30 or 15% (state-dependent) |
| LendingPoint | $1,000 – $36,500 | 7.99% – 35.99% | For borrowers with a minimum score of 640; origination fees up to 10%; late fees: 5% or $30 |
| Rocket Loans | $2,000 – $45,000 | 6.99% – 35.99% | Quick approval; same-day funding; no origination, late, or early payoff fees |
| SoLo Funds | Up to $575 | – | Cash advance loans; funding within minutes once a lender accepts; no fees; ideal for small, immediate needs |
In Summary
Cash advance loans for bad credit are an alternative way to borrow money quickly. Banks usually take time to process the loan and approve access to funds. But, you can turn to lenders who give out loans online. Sure, the interest rates and fees are higher than traditional loan options, but by researching and comparing the terms you can find an option that suits you.
Best Rate Check is a great way to shortlist lenders. Only low-interest rate loans are picked, and bad lenders are filtered out so you can borrow from only trusted sources. In just one single application, you’ll be able to get pre-approved with many lenders. After which, you can compare and choose.
Explore other options: Personal loans online
Frequently Asked Questions
Cash advance loans and payday loans are very similar but they have a few key differences. Both of these loans don’t have credit score checks and you have to repay them quickly. But, cash advance loans can be borrowed from credit card providers or cash advance apps. Whereas, you can get a payday loan through lenders online and in store. Payday loans have much higher interest rates and fees compared to cash advances.
Lenders who offer cash advance loans typically need these things:
- You must be 18+
- Government-issued ID
- An active bank account
- Income proof
- Residence proof
- Social Security Number (SSN)
The average interest rate for a cash advance loan falls in the range of 22.99 to 29.99 percent. The fees charged are usually 3-5% of the loan amount.
When you apply online, there is always a risk because you’re sharing your financial data with the lender. To avoid leaking your information with multiple lenders, try Best Rate Check. You’ll get approved with many lenders with just 2 simple details—your email, and the loan amount you need. You may compare and then share documents and data only with the one lender you choose.
Cash advance loans, or payday loans, come with very short repayment terms. You’re usually supposed to pay back within weeks, on your next payday. But, some lenders allow for repayment periods that range from 3-72 months.
If you ever struggle to pay back your loan, simply contact the lender. Most of the lenders understand your situation. They might reduce your monthly payments or extend the timeframe for repayment. This eases off some of your burden and you can pay back comfortably. Additionally, if the situation is truly bad, the lender may waive off the interest rate and charges on your loan. Then you just need to pay back the principal.
