Securing a small installment loan is a lot easier now online. There are several online lending networks that can help you get a $300 loan. They include iPaydayLoans, WeLoans, US Installment Loans, CashUSA, and CashAdvance. Regardless of your credit score, these brands can provide you with a long list of lenders to choose from.
Places to Borrow $300 With No Credit Check
Working with a trusted online broker saves you tons of hassles when searching for installment loans online. Here have a look at our top picks:
- iPaydayLoans: Loans of $50 - $5,000 available
- WeLoans: Loans of $50 - $5,000 available
- US Installment Loans: Loans of $100 - $35,000 available
- CashUSA: Loans of $100 - $1,500 available
- CashAdvance: Loans of $100 - $1,000 available
It's easy to fill in a request form from the lending sites listed herein and wait for the offers to start pouring in. In just a couple of hours, the entire process is done. This is especially great for those with bad credit since online lenders are more lenient with their credit checks and don't require collateral.
By the next business day, you'll usually have access to the amount you borrowed. Loans of this size generally take less time to finish processing, compared to larger loans where lenders take their time scrutinizing the borrower's financial capability.
$300 Loan Alternatives Other Than Online Broker Platforms
Besides online broker platforms, there are still other places you can secure a $300 loan even with bad credit. These include:
- Home Equity Loan
You can use this loan if the mortgage you owe is less than the total value of your home. A lot of lenders will approve loans of this type, even when the borrower has a poor credit history because the borrower's property ends up becoming collateral for the loan.
- Pawnshop Loan
This loan type requires you to offer the pawnbroker a valuable item in your possession to serve as security for the loan. It's important to choose your item wisely, the higher the value the better. This is because pawnbrokers usually only allow a loan equal to or less than 25% of the item's total value.
Keep in mind that if you fail to repay the loan on time, the items you pawned off will no longer be returned to you.
- Vehicle Title Loan
This is yet another risky type of loan to engage in because, this time, your vehicle title ends up becoming collateral. The lender has the right to claim ownership of your vehicle if you fail to pay back the loan within the agreed time.