Can I Get Same Day Loans With Bad Credit?
Yes! You can get same-day loans for bad credit as quickly as possible, sometimes only within a few hours. With that said, it’s important to note that the processing, approval, and deposit times for the loan differ from applicant to applicant.
Several factors decide the time it takes to receive a loan in your bank account. How much you need to borrow, how long you want the repayment period, and your repayment capability are only a few of the factors the lenders take into account before loan acceptance.
Lenders offering same-day loans approve loans as soon as they can, but it’s not unusual if it takes a bit more time for the lender to evaluate your application before acceptance.
Before giving up on applying for a loan due to your bad credit history, it’s worth a try. Moreover, with many lenders in the market nowadays offering same-day loans for bad credit, you’re bound to find someone who will not only approve your request but send the money sooner than you’d think.
How Much Can I Get with Same-Day Loans for Bad Credit?
With iPaydayLoans, you can apply for a same-day loan for bad credit for amounts between $50 and $5000. There are two factors that weigh in terms of the loan amount you can get.
For starters, you need to calculate how much you really need. Don’t cut short the loan amount only to find yourself out of cash once more later on. But avoid getting a loan that significantly exceeds the current necessary expenses, or you’re likely to put yourself into a debt cycle.
Secondly, you need to check the amount range the lender you’re applying to allows. Go for a lender that offers the amount that you need. Or, apply through an online broker like us and instantly connect with lenders that will give you that amount.
 | 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 |
Why Should I Get an Online Same-Day Loan for Bad Credit?
Thinking of applying for a same-day loan for bad credit? You’re likely to be bombarded with many pathways that you can take. If you’re one of the people struggling with deciding between online and traditional loans, consider the following benefits of same-day loans:
Convenience
In today’s digital world, who even wants to drive over to a brick-and-mortar store and fill in paperwork for a loan application anymore? Applying online provides the convenience of being able to apply from anywhere, anytime, with a 2-minute application form.
Compare Lenders
With online loan applications, you can ask for the terms and conditions, interest rates, and fees before signing the deal. And with multiple lenders offering loans online, you’ll be able to compare their offers and find the best one for you, especially if you apply through a broker like iPaydayLoans.
Easy Repayments
Online loans make the repayment process as easy as ever. With the flexibility they provide in terms of deciding a repayment period with your lender and setting up auto-repayments as an option, it’s hard to beat the range of benefits that come with online loans. Some types of loans also let borrowers pay monthly installments instead of a lump sum.
High Approval Rates
You can not only obtain online payday loans for bad credit but also receive higher approval rates than traditional lenders. If you have been rejected by a traditional lender or just can’t take a chance at rejection due to urgent expenses, online lenders approve almost all loan applications provided that you meet the eligibility mark.
Quick Process
Don’t exhaust yourself by waiting for a response to a loan application that you put through with a traditional lender when an online loan can take care of the problem. Online loans, from the application evaluation right down to the loan deposit, are faster than anything. You can get the money within a day, too, if you apply for a same-day loan!
How Do I Apply for Same Day Loans With Bad Credit?
Looking for a simple and quick way to apply for same day loans for bad credit? Not a problem! Just follow these 3 steps to get your next loan.
Step 1: Submit an Application
Visit iPaydayLoans and fill in the 2-minute application form that asks for personal and banking details. Click on the submit button and we’ll forward your application to our partnered lenders.
Step 2: Compare Offers
Get offers from multiple lenders and compare the interest rates, fees and charges, repayment period, and terms and conditions, all in one place! Select the offer that suits your requirements the best.
Step 3: Receive the Deposit
Make it official with the lender and sign the official documents. The lender will send the loan amount directly to your bank account as quickly as possible, usually within 24 hours.
How much would you like?
Common Uses of Same Day Bad Credit Loans
You can get a same day bad credit loan for any and every financial emergency. Some of the cases where a loan can be a ray of light in financial darkness include the following:
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- Medical Expenses: Whether your insurance doesn’t cover the unexpected medical expenses or the healthcare center asks for prepayment, a loan can tend to these needs.
- Automobile Repairs: Your automobile will likely break down over the years or due to an accident. Whatever the circumstances, a loan can help you get it repaired immediately.
- Mortgage or Rent: Repeatedly delaying mortgage and rent payments is bad news. Overtime penalties, delayed repayment charges, and even the potential to get kicked out. Let a loan help you in this scenario.
- Utility Bills: Pay your utility bills on time if you want to keep your electricity, gas, water, etc. running. A small same day loan can get you out of trouble if you need to make ends meet for the time being.
- Gadget Repair or Replacement: Many of us depend on our mobile phones and laptops nowadays. For some, it’s the source or a necessity for what gets the money coming in, too! You can get a loan on an urgent basis to repair or replace a gadget.
Eligibility Requirements for Online Same-Day Loans
The following checklist includes the minimum criteria each lender requires for loan applicants.
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- You must reside in a state that legalizes payday and cash advance loans. Check the information online or ask the lender.
- You must be over 18 years of age. Documentation such as an ID card, passport, and driver’s license, is required as proof.
- You must be a permanent citizen of the US. Documentation such as property ownership or a passport is required as proof.
- You must have an active checking account.
- You must have a stable income resource. Documentation such as a payslip or bank statement is required as proof.
Other factors that some lenders set as eligibility criteria may include being currently employed for the past few months and a minimum monthly income.