Payday Loans Online with No Credit Check and Instant Approval, Do They Exist?

Do you need money right now to help you through a financial emergency? Whether you need money for car repair, to pay utility bills, or to cover some other expense, a loan with no hard credit check and an instant decision on loan approval might be a solution.

Do instant approval payday loans with no hard credit check for those with bad credit even exist?

The short answer is ‘no’. While there are loans that are designed for people with bad credit and require no hard credit check, there is no such thing as an instant approval loan because no lender can guarantee an approval for everyone. When lenders say instant approval loans, they are most likely referring to instant decision loans.

For those with bad credit looking for instant approval payday loans, there are instant decision loans with no hard credit check. These loans do not run a hard credit check with traditional credit bureaus and many of them will provide you with an instant decision (typically within a few minutes after applying) on whether you are approved or not.

What are no hard credit check loans?

Most lenders pull a detailed credit report from a company called a “Credit Bureau” every time you apply for a loan.

The lender pulls this report because they use the data to decide whether to approve you for the loan and what terms they can approve you for.

Credit reports contain information on how you’ve paid back loans, how many loans you’ve applied for, whether any debt has been sent to a collector, and so on.

Typically, the riskier your report looks, the more likely it is that you are either declined or see higher interest rates.

Every time a lender looks at your credit report from a traditional Credit Bureau to evaluate a loan application, they generate something called a “hard credit inquiry” because the Credit Bureau makes a note that you applied for a loan.

Once this note is stored in your credit report, other lenders in the future will see that you’ve applied for that loan in the past.

These credit checks count as hard inquiries on your credit report, regardless of whether you’re approved. This means that even if you aren't approved, your credit score might go down just for applying.

A no hard credit check loan uses something called a “soft inquiry” that doesn't count against your credit score. This isn't a full credit check but instead verifies your basic information and is used to see what products you might qualify for.

Another way that loans might involve no hard credit check is if they use data from something called an “alternate credit bureau”.

Alternate credit bureaus are typically newer or regional credit bureaus that focus on a specific portion of the lending market.

Often times, these credit bureaus can give more relevant information for people with bad credit histories than a traditional bureau can - meaning potentially higher approval odds.

Additionally, because data from these alternate bureaus usually don’t get factored into traditional credit scores, there is typically no “hard check” that could impact your credit score.

Who can benefit from no hard credit check loans?

No hard credit check loans can be a good option for you when you don’t want your application to impact your credit score or if you have a credit history that’s less than ideal. It is possible to be approved for a loan - even if you have bad credit.

No hard credit check loans can also be useful if you need a loan right now. If your rent is due in two days, you may not have time to wait for a bank or credit union to make a decision in 7 to 10 days.

You may have heard that no hard credit check loans are never a good idea. It is true that many no hard credit check loans on the market are predatory and designed to trap you in a cycle of debt.

However, there are non-predatory options available as well. Some even offer a path to help you build your credit over time.

Instant approval vs. Instant decision

While some predatory lenders may advertise “instant approval” loans, it’s very unlikely that they actually approve everybody who applies - this is typically a nasty trick to get people to apply with them and not other lenders.

A different promise that you may see with a no hard credit check loan is “instant decision loan”.

This is a real claim and means that once you submit your application, you'll find out whether you're approved on the same day - typically within a few seconds. It’s important to understand that “instant decision” does not mean “instant approval”.

Obviously, no lender can seriously guarantee instant approval on all loans. So when lenders say instant approval, they are being misleading and likely really mean instant decision.

There's a good chance you can be approved even with bad credit, but the only guarantee is that you will receive a fast decision, not what the decision will be.

No hard credit check payday loans from LendUp

LendUp provides a convenient way to receive a no hard credit check, instant decision loan. You can apply online 24/7 from your phone, tablet, or computer. If approved, you can receive your money in as little as one business day.

LendUp offers a variety of loan options - all with no hidden fees, no debt traps, and free credit education.

In states where the LendUp Ladder is available, you could also have the ability to qualify for higher dollar amounts or lower interest rates over time. To see your options, start your application now.

Get Started Here

Apply for a LendUp Loan here:

What is LendUp?

LendUp is a socially responsible direct lender dedicated to helping our customers meet their short term needs.

Learn more about LendUp »

Apply in as few as 5 Minutes

Instant Decision

Good Credit not Required

Direct Lender

What people are saying


Hear from our customers

Testimonials reflect the individual's opinion and may not be representative of all individual experiences with LendUp. Customers received compensation in the form of points on the LendUp Ladder.

Learn more about our customers »