Anyone can find themselves in a financial catastrophe at some point in life; it’s not an uncommon phenomenon. If you’ve already exhausted your bank and cash depository, you’d be looking at a secure, easy way to get funding for the next few weeks. While the recent online loan process is a blessing in disguise, there are also many scammers lurking around trying to manipulate you into high-interest rates or an impossible repayment period that puts you in a worse financial position than before.
Loans are one of the options you can go for to maintain your financial security until you’re well-off to manage on your own, but a ‘too good to be true’ lender is a risk you shouldn’t be taking.
Finding the right loan-acquiring platform may seem impossible, but it’s not if you carefully decide between your options. Today, we’ll review one of them – WeLoans, a broker that is famous for payday loans with no credit check.
What is WeLoans and How Does it Work?
WeLoans is a reliable broker that connects you with lots of partnering lenders on its platform. Through its website, you can check out various loan types and select one according to your needs.
This broker has lenders that only need minimum eligibility criteria to apply for loans. As long as you’re above 18 years of age, a US citizen with a valid bank account and stable income, you can apply for a loan on their website.
After filling in the application form, lenders will send you offers that you can review and select. You can get funded as quickly as within a day without any hard credit checks added to your profile. Let’s not forget the hassle-free application method and numerous other features that this top online loan website offers. Check out its website for further details about WeLoans or to get a loan.
What Loan Services Can You Get with WeLoans?
WeLoans has a large variety of loans to meet the needs of each borrower. Maybe you need the cash within a day or want to opt for a long-term loan plan. You can apply for almost any type of loan on its website. Here are a few of them:
Payday loans with no credit check are one of the loans you can apply for with WeLoans. You can apply for a short-term loan amount of up to $5,000 without the lender conducting a hard credit check to evaluate your application.
Same Day Loans
Need cash as soon as possible? You can apply for a same day loan on the WeLoans website. Lenders will review your application and send an offer within minutes. Once you’re past the formalities, you may be able to get your loan as quickly as within 24 hours!
Cash Advance Loans
A cash advance loan is another loan type that you can apply for to manage urgent expenses until your payday. Online lenders offer short-term loans where you can get the money in your bank account, especially if your bad credit doesn’t allow you to apply for a cash advance through your credit card issuer.
For those looking for long-term loan plans, installment loans are one of the best options out there. With this loan type, you can get up to $10,000 with a monthly repayment plan that enables you to return the full amount within a few months or years.
If you’re looking for huge loan sums and can’t risk a rejection on your loan application, a title loan lets you borrow money with a vehicle registered under your name as collateral. Until you repay the full loan, the lender attains the legal ownership of the vehicle.
Also Read: Top Money Saving Ideas for Students in 2022
Pros and Cons of WeLoans
A detailed insight into any platform, specifically when it comes to money, is necessary to make a wise decision. Walking in and going for the first online lending site you see won’t do you any good, which is why we’ve reviewed WeLoans to help you decide whether it’s what you’re looking for.
Approvals within Minutes: No long hours waiting for a decision by online lenders only to get another rejection due to your bad credit history. The lenders on WeLoans’ platforms pre-evaluate applications and send their offers within minutes. You can expect offers as soon as you submit your loan application.
Wide Range of Lenders: With so many lenders out there and varying loan asks, WeLoans understands that one lender never fits the requirements of each borrower. With that context, they have thousands of reputable lenders from across the US at your service.
Flexible Loan Amounts: Where most payday loans don’t allow you to borrow more than a certain amount, WeLoans lets you choose yours on their website. You can easily borrow up to $5,000 without hard credit checks or impossible eligibility criteria through their lenders.
Competitive Rates: Opting for an online payday loan doesn’t mean you have to rip off your bank account. It’s common for online lenders to charge incredibly high interest rates, especially when you’re desperate and have a bad credit history. However, at WeLoans, you’ll always get the best competitive rates in the market regarding interest and processing fees.
Not a Direct Lender: WeLoans isn’t a direct lender itself but connects borrowers with lenders across its network. You’ll have to spend time evaluating offers that lenders send your way after looking through your application. Plus, each lender has different interest rates and repayment periods according to which you’ll need to make the decision.
How to Get a Payday Loan on WeLoans?
If you’re under the assumption that applying for a payday loan will take hours of sitting in front of a laptop, WeLoans takes those hassles away. Going through the application process for a payday loan couldn’t be easier than this. These are the steps that you need to follow:
Fill Out the Application
You can find the application form on the WeLoans website easily. Once you’re there, enter the required details, including personal details, eligibility requirements, and checking account details. It only takes 3 minutes, and you’re good to go!
Review Offers from Lenders
After conducting a pre-evaluation, WeLoans’ trusted lenders will send you offers. Go over the details with a lender you’re considering. At this stage, the lender may require additional information to confirm your repayment ability. Read through the official documents and finalize the deal.
Receive the Loan
Done and dusted with the formal procedure? All that’s left is waiting for the money to be deposited in your bank account, which can happen as quickly as within a day! Don’t forget to set up a repayment plan that allows you to repay the lender on time.
By now, you would know that one of your best bets for getting a payday loan as seamlessly as possible is with WeLoans. Let go of the stress of questionable lenders, interest rates that make no sense, and finding hidden fee structures after you’ve finalized a deal when applying through WeLoans.