Cash 1 Blog

Financial Tips & Guides
Here are the easiest loans to get

5 Easiest Loans To Get

Updated on February 2, 2023


Emergencies can pop up anytime, from your car breaking down to an unexpected medical bill. While you can prepare for some of them, others are just out of the blue. And they can be very detrimental to your financial situation if you don't have a plan.

So, how can you best prepare yourself? One thing that might help is getting a loan that doesn't require too much paperwork and promises fast cash. If this sounds like something you want to do, read on for the five easiest loans to get!

Payday Loans

A payday loan is a short-term financing option usually capped at $500 and is due on the next payday. These loans are perfect for covering minor financial hiccups like broken-down cars, surprise medical bills, or emergencies.

So, what makes payday loans easy to get? First, most payday lenders don't check credit history and credit score. And that's something credit-challenged borrowers will like most.

But here's the catch: payday loans usually come with steep interest rates and fees. For example, a $500 payday loan can cost up to $30 in interest and fees if you take out a 14-day loan, which can add up fast. In addition, it can be rolled over or renewed if you choose to extend it. Hence, adding more fees to pay.

When taking out a payday loan, the key is only to borrow what you know you can afford to repay within two weeks of receiving your paycheck. Don't sign up for a longer-term unless you're strapped for cash and need help getting by until your next paycheck.

Also, look for safe online lending options to find payday loans with reasonable terms. For example, online payday loans have competitive rates and convenient installment plans.

Credit Card Cash Advance

Credit card cash advances are withdrawals of funds from your credit card account. So, how does it work? You go to an ATM or bank and use your credit card to withdraw money. No credit check is needed because the credit card company initiates the transaction!

But it's not like a debit card withdrawal wherein you're accessing your own money. Instead, with cash advances, your credit card company lends you money and charges your account. The costs include an interest rate and a transaction fee. Also, there's a limit on how much money you can take out. So, ensure not to go over that limit! Or else, you'll be charged penalties such as late fees and high-interest rates.

Online Personal Loans

Online personal loans are another easy financing solution perfect for those who need a quick infusion of cash. The application process is simple and can be completed in less than 10 minutes. Approval decisions can be made within a few hours, and the money will usually arrive within two days. So if you require extra cash, online personal loans might be the answer.

But note that the interest rate will depend on your credit score. So the higher your credit score, the lower your interest rate. That said, try your best to keep your credit score as high as possible to reduce your monthly payments. And ensure to find the right lender for yourself.

No Credit Check Loans

As the name implies, this type of loan does not require a credit check and is, therefore, more accessible. It's ideal for credit-challenged borrowers because no credit check means no red flags. But that also means you must pay close attention to the interest rates, which can be high on these loans.

But there are ways to avoid paying back an excessive amount of money. For one, you should find a no-credit-check lender that examines your ability to pay. Some online lenders do this to ensure they have a stellar reputation.

Pawn Shop Loans

A pawn shop loan is probably the most accessible type of loan you can get. All you need is an item of value to guarantee or secure your loan, some form of ID, and a bank account for direct deposit. The interest rates are also usually lower than other types of loans.

But the catch is if you don't pay back your loan on time or with enough money in addition to what was borrowed, the pawnshop will sell your collateral (the thing you gave them). So, please keep track of when you have to pay off your loan because it's easy to forget how much you've taken out.


If you're in a financial jam, a few loan options offer fast funding and can be used for various purposes. And they can be beneficial in covering unexpected expenses or buying something you couldn't otherwise afford. So take the time to explore your options and find the best one for your situation.

David Owens

David Owens

David Owens is a seasoned content writer specializing in finance - debt management, entrepreneurship, and business finance.

When not writing, he travels with his cat, Mellie.