Online Loans: Fast, Easy, up to $5,000 For Bad Credit (No Credit Check)

What is an online loan?

Online loans help hardworking Americans borrow money—fast. Going to the bank for a loan often means wasting hours (or even days!) waiting to be approved and receive funds.

With an online loan, you can apply online and quickly receive an approval decision, often within minutes. You’ll also receive the money quickly.

An online loan could be a good option for anyone who needs fast cash and can repay the loan with regular payments. Online loans can also help if you’re working on (re)building your credit.

What can you use an online loan for?

Whatever you need! In most cases, people take out online loans when they’re struggling to cover unexpected expenses — like car repairs or hospital bills — or if they need extra money for a specific event, like a down payment on a car. Other people use online loans to pay off credit card balances or consolidate debt.

How do online loans compare to loans from a traditional brick-and-mortar lender?

Both online lenders and traditional brick-and-mortar banks offer personal installment loans. After you apply and are approved, an installment loan allows you to borrow a fixed amount of money which is delivered in a lump sum. Then, you make regularly scheduled payments to repay the lump sum plus interest.

Although both options offer loans with similar structures, your experience as a borrower is quite different with an online lender than with a traditional lender. Here’s how it works at a typical local bank:

  • You have to visit the lender in person and hand over paper copies of pay stubs and a long list of other personal information.
  • The bank analyst then begins a credit review, which can take up to several days.
  • Next, the bank gets back to you with an offer, letting you know how much they’re willing to lend you and at what interest rate.
  • After you’ve been fully approved, you receive the funds by wire transfer or check, which could take multiple days.

Things are much quicker and easier when you borrow from online loan companies. To get a loan online, here’s how it usually works:

  • You enter basic personal information into an online application—typically less information than what’s required by a brick-and-mortar lender.
  • Thanks to technology, your online loan application can be reviewed in real-time, so approval takes just minutes.
  • You’re more likely to receive a competitive interest rate since there are many online lenders and it’s easy to shop around.

After you’ve been fully approved, you can receive funds in your checking account as soon as tomorrow.*

How are CONSOLIDATIONNOW online loans different?

For many people, online loans from CONSOLIDATIONNOW are a great way to get fast cash and start building a better tomorrow.

Here’s what makes CONSOLIDATIONNOW different:

  • Choose your terms: Once approved for a certain amount, tell us how much you want to borrow. Our loan amounts range from $500 to $5,000 depending on your state of residence. Use our Design Your Loan feature to choose payment dates that are convenient for you.
  • Receive funds quickly: Applications processed and approved before 6 pm ET are typically funded electronically the next business day.
  • Build credit: We’ll give you instant access to your credit score plus free credit alerts and financial education tools to help you build better money habits and improve your financial future.
  • Progress to better rates: We believe a brighter financial future starts with access to affordable credit. That’s why we’ve committed to lowering our rates. So far we’ve dropped the rates of more than 150,000 customers! On-time payments deserve to be rewarded.


How do you apply for an online loan from CONSOLIDATIONNOW?

Applying for an online loan from CONSOLIDATIONNOW is quick and easy. Just a few things are required to apply:

  • Be at least 18 years old (19 in AL)
  • Live in a state we service
  • Have a job or regular source of income
  • An active and valid checking account (savings and prepaid accounts not accepted)
  • Have an email address to receive account information

After you submit your online loan application, the results will be available in a matter of seconds. In some cases, we may need to ask for additional information or proof of income before your application can be approved. Once approved, you choose how much you want to borrow (based on your approval amount and state of residence). In the event we are unable to approve your application, we’ll provide you with a reason for denial.

How can you shop for an online loan?

When shopping for the best online loan, it’s a good idea to compare the interest rate, fees, and annual percentage rates (APR). Some things to look out for are prepayment penalties and automatic rollovers. It’s also a good idea to check a loan’s term and payment schedule beforehand.

What should you know before you borrow?  

If you’re considering an online loan, be sure to do your research.

CONSOLIDATIONNOW is in your corner with online loans that can be paid back over time. Our website application is fast and we can get you funds as soon as tomorrow.* Plus, you can choose your repayment schedule. See how CONSOLIDATIONNOW can deliver the cash you need today and help you build a better financial tomorrow.