If you’ve decided that you want to apply for a personal loan, you may be wondering what the easiest way to do it is. It can be hard to find a smooth route to obtaining finance, but it doesn’t have to be impossible. While there aren’t many guaranteed loans available, there are plenty of ways to make the process easier for yourself.
This guide has been created to help people better understand ways they can obtain easy personal loans. It’s perfect for those who want to take the hassle out of the finance process. You don’t have to wait weeks to find out if you’ve been approved for a loan.
Personal loans have grown increasingly popular in recent years. Their low interest rates and accessibility have made them a popular alternative to credit cards. Americans know that term loans are much easier to pay off. But credit cards have always been popular because the application process is extremely easy – but personal loans can be just as straightforward if you approach the process with the right knowledge. Make sure to read the rest of this article if you want to know the best way to obtain easy personal loans.
Where Can I Get Easy Personal Loans?
If you’re trying to get easy personal loans, you’ll need to focus on the lender you choose. Choosing the right lender to apply through is the number one way to ensure that you get an easy personal loan. There are plenty of lenders that make it difficult to get financing, you need to learn to avoid these lenders if you want the process to run smoothly. Below we will outline some of the places you will be able to find easy personal loans.
Online Personal Loan Lenders
The first place that we suggest you check is online lenders. These lenders are typically some of the easiest finance sources. If you want to get money quickly, they’re also typically your best option. You can head to a website and fill in a ten-minute application, you will then typically be given a decision in just minutes. You can upload any information or documents you need directly to the online portal. This is perfect for anyone who doesn’t have the time to head to a branch and fill out a lengthy application.
Peer-to-Peer Personal Loan Lenders
Another form of personal loan that you can receive easily if you’re in a hurry is a peer-to-peer personal loan. This form of personal loan is provided by private investors. You will receive a loan from a non-traditional lender that will provide you with the capital you need. These investors then make their money off the interest that you have to pay them.
Most peer-to-peer personal loans are unsecured, which means there is a huge amount of risk to the lender. For this reason, these loans typically come at a fairly high interest rate. If you’re looking for extremely affordable finance, this probably isn’t your best option. These loans are provided through online networks that facilitate the loan and take a small commission.
The main advantage of the peer-to-peer route is the fact that you don’t need to have a credit check. It is the easiest way to obtain financing if you don’t want your credit report to be pulled. But because of how easy it is, you will also only be able to borrow in moderate amounts. Don’t expect to get a massive loan from a peer-to-peer lending network without a credit check.
Some Traditional Personal Loan Lenders
Some traditional personal loan lenders will also have easy applications, although this is less prevalent. If you work with a traditional lender, applications tend to be longer. But many traditional lenders have now opened up online platforms that you can apply through, which makes the process much easier.
Look for a Quick Application
At the end of the day, the best way to ensure that you get an easy personal loan, is to make sure that you work with a lender that has an easy application process. You don’t want to have to waste valuable time on an application that you end up being rejected for. Always look for a lender that has an online application – these take considerably less time than in branch applications.
You should also make sure that the lender will provide you with an instant decision. Having a decision process that drags on can really impact how easy the loan is to obtain. Lastly, you want to have a lender that will be able to provide you with funds in a very short amount of time. Waiting weeks to receive your cash after you’ve been approved is not needed – many lenders will be able to electronically transfer your funds to you in less than 24 hours.
Make sure that you verify these characteristics before you apply for a loan with a lender. If you end up having to wait for a decision, it can cost you a serious amount of time. You won’t want to apply for a new loan until you’ve been approved or rejected for your current application, so you’ll be stuck in limbo until they provide you with an answer.
What Should I Avoid?
If you want to get an easy personal loan, there are a few things that you should make sure to avoid. Some of these things involve predatory lenders that will end up costing you money, while others include certain traits that you should steer clear of if you want to have an easy path to obtaining finance. We will outline some items to avoid in more detail below.
The reality is that there are many predators in the lending game – this is especially true if you’re trying to get easy or quick loans. You need to make sure that you aren’t working with a company that is providing you with false promises. If you’re rushing to get finance, you might end up working with a company that isn’t acting ethically.
Always make sure to contact them about any features of the loan that seem too good to be true. You should never take advertisement for granted. You should also make sure to check consumer watchdog groups to see if there are any complaints about the company you’re working with.
Technically, payday loans are the easiest loans to get. This is because these loans are tied to the value of your next paycheck, not your credit score. If you have a bad credit rating, you’ll still be instantly approved for a payday loan if you can prove you’re being paid in the near future. Regardless, we highly recommend that our readers steer clear of this form of loan.
Payday lenders charge extortionate interest rates on their loans – sometimes 1000%! If you are unable to pay the loan back in full on the first payment date, you will begin accruing large amounts of interest. Payday lenders aren’t scared to use debt collectors to come and hound you for their money – many people have had their lives ruined by these predatory lenders.
Advantages of Easy Personal Loans
So, what are the true advantages of easy personal loans? Sometimes it can be hard to assess what the advantages of a particular form of finance are. You can read as much information as you want, but it’s often easier to view the data in a more concise manner. That’s why we’ve created this section – it provides you with all the information you need in one easy-to-access source. Check out the advantages we’ve highlighted below.
- Quick – Easy personal loans tend to be much quicker than other forms of finance. If you need to get money quickly, getting an easy personal loan is typically one of your best options. As mentioned previously, many lenders can get you money in less than 24 hours. And some applications only take about ten minutes!
- Accessible – If you find a good lender to provide you with an easy personal loan, you’ll find that this type of finance is more accessible than other forms. You won’t have to worry about having a lower credit score, many personal loan providers will lend to people that don’t have the best credit ratings.
- Variety – There are a variety of different lenders that provide easy personal loans. You can choose from a wide array of different types of finance companies!
Disadvantages of Easy Personal Loans
While there are many apparent advantages to easy personal loans, there are also some drawbacks. It’s important to consider the negative traits of a form of finance before you decide to apply for it. Check out what we’ve provided below.
- Higher Interest – Typically loans that are easy to get will also come with higher interest. If you want an easy personal loan with low interest, you’ll have to search really hard.
- Scams – Because you’re desperate to get easy cash, you’ll be prone to getting involved in a scam. This is why it’s important to make sure that you always double check you’re working with a reputable lender.
If you want the application process to go as smoothly as possible, it’s important to remember a few key things. We’ve created an application check list that you should go through before you apply for your loan:
- Check Your Credit Score – Make sure you know what you’re credit score is, you don’t want to apply for a loan you’re not eligible for.
- Check Requirements – Check loan requirements and see if you’re eligible – check what information you will need to provide.
- Prepare Your Information – Have all your information ready prior to starting your application, you’ll need proof of income, addresses, personal details, and your SSN
- Check Your Lender – As always, do some research on your lender to make sure that they’re the right lender for you. Only work with lenders with good reputations.
Don’t Sacrifice Safety for Ease
The number one thing to keep in mind when trying to find easy personal loans is to make sure that you don’t leave yourself exposed. You don’t want to rush into a decision and later find out that you have been defrauded or that you’re working with a company that is a complete nightmare. Always do as much due diligence as possible to ensure that you are working with a legitimate lender. Many scam artists set up fake lending sites to try and get people to enter in their personal information. Other sites do a poor job of securing their data. Either way, you need to make sure that you’re working with a company that values your security – getting your identity stolen is no joke.
The internet is a wonderful resource for those who are trying to ensure they are not being scammed. Head online to consumer watchdog groups and do some quick background research on any prospective lender you are thinking of working with – it won’t take long!
Easy personal loans are not impossible to find, you just need to know the right places to look. If you take in all the information provided in this guide, you’re sure to find yourself a great lender for an easy personal loan. Remember, doing a bit of background research is the key to your success.
We also like to help our readers get a bit of a head start. That’s why we provide them with a full list of lenders that we recommend working with. We have done countless hours of research to determine the best lenders to work with. We want to make sure that our readers know exactly who the best operators in the industry are. But don’t take our word for it – you can cross reference our recommendations with many online testimonials.
Remember, borrowing money can do wonders for your finances, but you need to make sure you’re doing so responsibly. If you have any other questions about personal loans, make sure to check out the rest of our site – we have tons of great content on a range of different topics!
Easy Personal Loan Basics
Are you looking for a personal loan that offers fast approval? This section is the best place to start as you can gather information you need to find the right lender and what you need for the application.
How to get an easy personal loan?
If you are need of funds for emergency needs and other purposes, personal loans provide the best solution you need. You can get the funding you need by choosing personal lenders with fast approval. If you have good credit and payment history, you won’t have trouble finding the cash you need.
Where to get easy loans with bad credit?
If you have bad credit, a financial emergency is doubly devastating. But don’t despair – it is possible to find loan providers for those with bad credit. You do not even have to settle for payday loans. However, personal loans for people with bad credit will come with higher interest rates than the usual interest that these lenders charge their borrowers (for those with good credit).
How easy is it to get a bank loan?
Unfortunately, it is not easy to get a bank loan. Banks are notorious for imposing strict loan criteria such that you need to have stellar credit rating if you want fast approval. If you have poor credit, you might want to try elsewhere.
Are personal loans easy to get?
The approval for a personal loan depends on a number of factors, such as your credit score, income, and where you are borrowing from. Unless you have a stellar credit score, there is no way to guarantee fast and easy approval. You can expect, though, that private lenders and credit unions will be more forgiving than banks when your credit score is not so favorable.
Is it easy to get a secured loan?
Secured loans are generally easier to get as there is less risk involved for the lender. Aside from being approved easily, you can also get a lower interest rate.
Is easy loan site legit?
Yes. EasyLoanSite is a legitimate website that offers personal loans for individuals who need immediate cash. Make sure to use comparison websites online to see how their interest rates compare with other online lenders.
Has anyone used easy loans company?
Yes. There are plenty of borrowers who have tried used this company to obtain loan from. Some would say that the application process is straightforward.
Personal Loan Process and Application
Are you ready to apply for easy personal loans? Speed up your approval process by educating yourself about the loan process and application. This section will provide the information you need to know.
How to get a loan fast and easy?
Applying for a personal loan is easier and faster than ever before, thanks to the advent of online lenders. You may be able to send in your application and requirements online. There are lenders that can provide fast approval and release the money in less than 24 hours, once approved. Make sure to look for these lenders but make sure you research beforehand to ensure that the lender is legitimate.
How to get easy loans online?
One of the quickest ways to get a loan is when you go online. There are many online lenders that offer fast approval for qualified applicants. If you have a good credit score and stable income, you can easily qualify for online loans.
How to get a quick easy loan?
If you have good credit, getting easy loan should not be a problem. There are plenty of local lenders, credit unions, and banks that would offer loans to those with good credit standing. Use comparison sites and an online loan calculator to find the loan provider that offers the best interest rates and terms. If you are qualified with your credit score and income, you can expect easy approval!
Where can I get a loan fast and easy?
The best place to go if you want loan that is fast and easy is online. Online lenders and banks have expanded their services online to make it easier for interested borrowers to apply. You can fill out a loan application form online and submit your requirements online, too. You can get a response on the status of your loan within hours or less than a day.
How easy is it to get a credit union loan?
Credit unions are the best option for those seeking fast cash without a stellar credit rating. It is easier to get approved for a loan at a credit union than with banks. However, you must also expect higher interest rates if you have poor credit. But if you have good credit, you can take advantage of lower fees and interest rates.
Is it easy to get a personal loan?
It depends on where you apply personal loan from. Banks are more stringent with their loan criteria, such that you need to have good credit score and stable income before getting approved. But if you prefer unsecured loans, you can look at credit unions and online lenders instead.
Where can I get an easy short term loan?
If you want to apply for an easy short term loan, you should look for an online lender. Online lenders can provide loans even for individuals for poor credit for short term repayment.
What loans purposes are easy to get?
Personal loans can be used for any personal needs such as debt consolidation, paying off credit card debts, financing home improvement, medical bills, etc. Lenders usually do not use the purpose of the loan to evaluate the approval of certain applications (except for specific types of loans, such as mortgage loans or business loans). In general, short term loans get easy approval as they typically involve small amounts of money paid over a short term period.
How can I get easy personal loan?
An easy personal loan is within your reach when you have good credit. If not, you might need to provide collateral to secure your loan, especially if you apply from banks and credit unions. Online lenders offer the most favorable approval rating for people with bad credit, though.
Where can I get a fast easy loan?
You can go to a local credit union if you need quick cash. Many borrowers also turn to online lenders for fast approval as there are many that can provide cash in 24 hours.
How easy is it to get a small cash loan?
There are several variables that are considered when evaluating your small cash loan application. The best place to start your search is with online lenders and local credit unions. They do not impose strict credit score requirements on loans and can give loan approval within a few hours.
Is it easy to get a loan today?
Yes. The fact that many lenders enable borrowers to send in their application online makes it easier to apply for and get approved for a loan.
Qualifying for Personal Loan
If you want to boost your chances of getting approved for a personal loan, this section has all the questions and answers you need to know. By knowing the qualification requirements, you can expect faster approval decision on your loan application.
How easy is it to get a personal loan?
It depends on your current financial situation. Your credit score and income are two factors that are evaluated by lenders during your application. If both are in good standing, it should be easy to find a personal loan.
How to get easy loan with bad credit?
Qualifying for a loan with bad credit is challenging, let alone an easy personal loan. Credit unions are the best place to go if you have bad credit. It is also a smart idea to get a co-signer. The co-signer must be someone who trusts you enough to pay your loan because their own credit standing is on the line. But with their good standing, they also lessen the risk for lenders when it comes to working with people with bad credit.
What personal loans are easy to get approved for?
Secured personal loans, or those tied with collateral (such as your home or car), is easier to get approved for. The collateral provides additional incentive to your lender so that in the event that you default on the loan, they can repossess your home or car.
How easy is it to get a secured loan?
Most secured loans take an average of 7 days (or less) to get approved. You need to fill out the application form, requirements, and provide your proof of collateral. If you can comply with these, you should be able to get your secured loan.
How easy is it to get a pool loan?
A bank pool loan is easier to qualify for, given that this type of loan is insured. Hence, there is less risk involved for banks on the loan. In fact, banks make more annual interest on bank pool loan over traditional forms of loans.
Is it easy to get a loan with a cosigner?
It depends on where you are borrowing from. In most cases, it will help to improve your chances of getting a personal loan approved, but it cannot guarantee approval.
How easy is it to get a $20,000 loan?
To get a loan worth $20,000, you must have excellent credit. It also depends on where you apply for the loan. Some online lenders would only allow a certain amount based on your credit score. For a loan this amount, you must apply for secured loan (ones with collateral), get a co-signer, or do both.
How easy is it to get an unsecured personal loan?
If you want fast approval on unsecured personal loans, excellent credit is a must (or you have to meet the minimum credit score requirements set by the lender). In most cases, lenders will allow unsecured personal loans for people with bad credit if they can provide proof of stable income.
Is it easy to get a loan with no credit?
Getting a loan with no credit is extremely challenging. While it is difficult for people with bad credit, it is more difficult for those with no credit. Lenders will have no credit history or information that they can use to assess your capacity to pay or your payments history.
Personal Loan Specifics
Are you looking for specific lenders and types of personal loans to meet your unique financial needs? In this section, you will find more information that will help you choose where to get personal loans that would fit into your credit standing and needs.
Is it easy to get a credit union loan?
Credit union loans are among the most competitive types of financing available. They are known for having low interest rates and fees. This is therefore a good option for people with less-than-stellar credit since the overall cost of borrowing is relatively low.
How easy is it to get a Discover personal loan?
You need to have good credit score to apply for a Discover personal loan. The current minimum credit score requirement is 660, while the average credit score among their borrowers is at 750.
Which bank offers personal loan with easy approval?
Each bank differs in terms of their loan criteria. Plus, the credit score and income of each applicant is taken into account. Thus, there is no guarantee of easy approval, regardless of which bank you apply for.
Is it easy to get a loan from Wells Fargo?
Wells Fargo does not provide information about the credit score requirements for their loans. But with an average credit score for approved loans at 660 to 749, it seems that you need good credit score to ensure fast and easy approval.
Navy Federal is a type of credit union. You can apply for a loan but the rate of approval will vary depending on your income and credit history. If you do get approved, the interest rate will also vary according to credit-worthiness. To become a member of this credit union, you must have an immediate family member who has joined the credit union.
Is it easy to get a loan from Springleaf Financial?
Springleaf Financial offers mostly unsecured loans. It is a good option for people who are rejected by banks because you do not have good credit scores. However, you should expect higher interest rates ad an origination fee, which is added to the total amount of loan you owe.
How easy is it to get a Sofi loan?
Sofi Loan is not easy to get approved for. In fact, the primary criterion is that you must have good credit (around 700 credit score or a minimum of 680).
Is it easy to get a loan from TD bank?
Yes. TD Bank accepts applications for secured and unsecured personal loans. To compensate for the easy approval process, their interest rate is higher than other banks that require excellent credit to qualify.
How long does Easy Financial money take loan?
Easy Financial offers an easy application process that takes only minutes to complete. The approval process and decision will become available in 30 minutes.
When does Easy Advance loan expire?
An Easy Advance loan that is available in cash typically expires within 24 hours. But if you chose direct deposit to your account, it could take additional time for processing.
Which bank may give an easy 15000 personal loan?
There are lots of banks that can provide up to $15,000 in personal loan amount. However, you need to have excellent credit and stable income in order to qualify for that said amount.
How easy is it to get loan through lending club?
The approval process at Lending Club is quite stiff. In fact, most applicants complain about getting approved for a loan due to strict credit score requirements (minimum of 600 in credit score) and preference for those with a steady flow of income.
Can you use another easy money loan branch?
Getting more than one easy money loan will depend on the loan provider. If you can meet the requirements for multiple loans, then you can pursue application for those. But most do not allow multiple loans at the same time.
Are Quicken loans easy to get approved for?
Quicken Loans are easy to get approved for, especially in comparison to banks and other online lenders. They will mostly accept applications from individuals with a credit score of as low as 580. For the most part though, the minimum credit score is at 600.
Is it easy to get a Barclays loan?
It is not easy to get a Barclays loan as there are certain restrictions. You must be a Barclays customer to qualify, too. If interested, you can ask for a personalized quote so you will know your provisional loan limit.
Is it easy to get a Provident loan?
Provident loans are easy to get approved for in comparison to other online lenders as they offer loans for poor credit. However, it will depend on your individual circumstances. If you can prove that you can manage your monthly payments, you will most likely be approved.
How easy to get loan from LoanNow?
LoanNow is an online lender that offers quick installment loans. It is one of the fastest and easiest ways to get approved online. However, you can expect higher than usual interest rates, especially if you have low credit score.
How easy is Lightstream loan?
Lightstream is backed by SunTrust Bank, which speaks to the formidability of this financial institution. Getting a loan from Lightstream is not easy. You need to have good to excellent credit score as their loans have a minimum requirement of 680 or up in credit score. If you have low or no credit, you will find it difficult to get approved for a loan.
How easy is it to get a loan at PNC?
It is relatively easy to apply for and get approved for a loan by PNC. They are not very strict about credit score and income. Instead, they evaluate the borrower’s full financial profile to determine if they qualify or not.
Is it easy to get a loan from Lendmark?
Yes, it is easy to get a loan from Lendmark with its convenient application process that can be done online. They can offer loans from $500 to $15,000. They do not discriminate in terms of the credit score and income; however, the approved loan amount and the interest rate will vary according to your individual circumstances.
How easy to get loan at Bayport credit union?
Like most credit unions, it is relatively easy to get approved for a loan at Bayport Credit Union. Make sure you comply with the requirements set by the credit union to qualify for a loan. But they can work with people with less than perfect credit score, as long as you have proof of income or any form of capacity to pay.
How easy is it to get a $5,000 dollar loan?
There are several options that you can look into if you need $5,000 worth of cash. Credit unions and online lenders are great choices if you need the cash for immediate use. Most of these institutions can release the funds in 24-48 hours once the approval is confirmed. However, you might need to have favorable credit score if you want to get good rates on your loan, or if you want to guarantee faster approval. Otherwise, you might have to shop around more.
Robert is our in-house expert on personal loans and finance. He got an MBA, specializing in Finance, before joining the workforce. After working for multiple Fortune 500 companies in the past decade, he brings a wealth of knowledge and experience to the table.