What Can I Use an $800 Loan For?
An 800 dollars loan can be used for a variety of purposes, including unexpected car repairs, medical bills, home improvement projects, and more. No one will ever know when such an urgent need for cash might arise, so it’s always good to have a plan B like getting a loan.
The $800 loan will act as a short-term loan that will help you during an emergency money need. With an $800 loan, you can easily cover most small-to-medium financial needs without having to rely on family or friends.
However, this 800-dollar loan is not advised to be considered a long-term financial solution. These are just temporary solutions to your urgent money requirements and are to be paid back in a very short time.
Different Loan Options for Borrowing $800
When an unexpected financial need suddenly comes up, your first instinct might be to take out a short-term loan. However, the real difficulty lies in choosing the right type of loan that best suits your borrowing needs while also keeping the terms and conditions manageable. Here are some popular loan options available for borrowing $800:
Payday Loans
These are the types of loans that are to be repaid on your next payday. The biggest advantage of these loans is that they come with very minimal eligibility requirements. In most cases, all you need is a bank account and a regular source of income to qualify for a payday loan.
Most lenders offer payday loans without a strict credit check. However, it is important to note that payday loans come with a short repayment period and relatively high-interest rates.
Personal Installment Loans
These loans are repaid in fixed installments, typically over a period of time. They have a longer repayment period, giving you more time to repay the loan. This type of loan often offers more cash than other loans, so getting $800 is quite easy with personal installment loans.
Title Loans
When you take out a title loan, you use your car title as collateral for the loan. You pledge the title of your car to the lender in exchange for the loan amount. Once you repay the loan, you get your title back. The biggest advantage of a title loan is that it offers quick approval and fast funding. However, it is important to note that if you default on your payments, you could lose your car.
 | Why Us | |
|---|---|---|
| How much can I borrow? | $50-$35,000 | No hidden fees or charges |
| I have bad credit. Can I apply? | Yes | Bad credit is considered |
| Over how long can I spread the repayments? | 1-36 months | Fast decisions |
| Are credit checks involved? | Yes | Soft credit checks only |
| Chances of getting approvals | Good | 256-bit encryption protocol |
| How to apply? | Apply online | Easy application |
What Information Should I Provide to Apply for an 800 Loan?
At iPaydayLoans, we strive to help you connect with the right loan companies to get an $800 loan. We have a wide pool of trusted online loan services who may be ready to lend you the amount you need with minimum credit checks.
The process of applying for a loan with us is quite simple. All you need to do is fill out our online form with some basic personal and financial information. Once we have this information, we will match you with a suitable online loan service from our network.
The information that you will need to provide while applying for an 800-dollar loan includes:
- State identification proof or driver's license
- The amount you need as a loan
- Your income and employment details
- The period for which you need the loan
- Your contact details
Once you have provided this information, a loan company will assess your application and get back to you with an offer. If you accept the offer, the funds will be transferred to your account within 24 hours in most cases.
How to Apply for an $800 Loan?
Step 1: Fill out the online application - To start with, you need to apply for the loans using the online application form on our website. Fill out the necessary information and submit it.
Step 2: Accept the right offer - Once you submit, our system will share your application with various online loan services, who will then contact you with various loan offers. You can then choose the perfect offer that suits your needs.
Step 3: Wait for approval - After you choose an offer and agree to the terms and conditions, all you have to do is wait for approval. It usually doesn't take more than a few hours for the loan company to approve your loan.
Step 4: Get the money - After your loan has been approved, the money will be transferred directly into your bank account within 24 hours in most cases.
How much would you like?
Things to Consider When Applying for an $800 Loan
There are a few things that you should consider before applying for an $800 loan, including:
- Make sure that you need the loan and that you will be able to afford the repayments. Remember that failure to repay a loan can damage your credit score, making it harder to borrow in the future.
- Shop around and compare various offers before choosing the right loan for you. Consider factors such as the interest rate, repayment terms, and fees before making a decision.
- Check your credit score and make sure that you are eligible for the loan. While most lenders offer 800-dollar loans for low credit scores, good credit history can get you competitive interest rates.
- Consider alternative loan types, like borrowing money from friends or family, as well before accepting a loan offer.
- Be sure to read the fine print and understand all the terms and conditions of the loan before signing any agreement.
Can I Obtain an $800 Payday Loan With Bad Credit?
Gone are the days when having bad credit meant being automatically disqualified for a loan. Nowadays, you can find many lenders that are willing to work with people with bad credit. In fact, there are even some lenders that specialize in bad credit loans.
Lenders understand the fact that a bad credit score doesn't necessarily mean that you're not capable of repaying a loan. There are many reasons why someone might have a bad credit score, such as being young and inexperienced with credit, going through a tough financial situation, or simply making a few mistakes in the past.
If you're looking for an $800 payday loan and have bad credit, you'll be glad to know that there are many options available to you. Just make sure you have a stable income or financial assistance to afford the repayment of the loans, and then you are good to get an $800 loan without any hassle.
Get Cash When You Need It Most
Get StartedHow Do I Pay Back My $800 Loan?
When you apply for an $800 loan, you will be agreeing on a fixed periodic repayment date, which will mostly be on the same day each month. You will mostly be expected to make the repayments through automatic deductions from your account or through post-dated cheques until the full amount is paid.
In some cases, you may also be asked to provide a guarantor who will make the repayments on your behalf in case you are unavailable. In most cases, the monthly payments will be equal. However, you can choose to repay the loan earlier than the agreed date, which can help you save on interest.