What is an online loan?
An online loan is a type of borrowing available entirely online, from application to receiving the funds.
Unlike traditional loans that may require in-person visits or paperwork, online loans offer a convenient and fast way to access funds, often with same-day or next-day deposits.
Benefits of online loans
Online loans offer a fast, convenient, and accessible way to borrow money without the need to visit a bank or credit union. Here are some key advantages:
- Fast and simple application: Most online lenders offer a quick and streamlined application process that can be completed in minutes.
- Quick approval decisions: Many online loan providers offer instant or same-day decisions, reducing the waiting time compared to traditional lenders.
- Convenient access to funds: If approved, funds can arrive directly into your bank account as soon as the next business day.
- Flexible loan options: Online loans are available in various types, including personal loans, installment loans, and lines of credit, so you can choose the option that best suits your needs.
- Available for a range of credit scores: Some online lenders consider factors beyond just credit score, making loans more accessible if you have bad credit.
With flexible options and a quick and straightforward application process, online loans are a convenient alternative to traditional loans.
Can you get an online loan with bad credit?
You can qualify for an online loan if you have fair or poor credit. Many lenders look beyond your credit score when assessing your application, although your options may be more limited. Some of the factors they consider include:
- Income and employment details
- Existing debts
- Payment history
- Banking information
By looking at your entire financial situation, lenders can determine whether you can afford to repay an online loan without looking at your credit record.
Alternatives to online loans
Online loans can be an ideal solution if you need quick and convenient access to money. However, there are other options available that are worth considering:
- Secured loans: Unlike most online loans, secured loans require collateral, such as a car or property, which can result in lower interest rates. However, failing to repay could put your assets at risk.
- Credit cards: A credit card can be a flexible alternative for covering expenses, especially if you can pay off the balance quickly to avoid high interest charges.
- Credit union loans: Credit unions often offer lower-interest loans with more flexible approval criteria, but you will need to be a credit union member to be eligible.
- Friends and family: A loan from a trusted friend or family member can provide low-cost borrowing, but it’s important to set clear repayment terms to avoid misunderstandings.
How to get an online loan with Integra Credit
Applying for an Integra Credit online loan is quick, simple, and completely secure.
To start your application, you’ll need to enter some basic information, including:
- Your name, address, and Social Security Number
- Your income details
- Your checking account information
Once you have submitted your application, you can receive a virtually instant decision.
If approved, we’ll send you a breakdown of the loan terms, including interest rates and repayment details, so that you can make an informed decision.
Checking your loan options will not impact your credit score, and once you’ve signed your agreement, you can get the cash directly into your bank account as early as the next day.
Why choose Integra Credit to apply for an online loan
Your credit score doesn’t have to hold you back from finding the right loan online. Integra Credit looks beyond your credit score to help you find an online loan that works for you.
Online personal loans through Integra Credit have a fully digital application process that only takes minutes to complete. The loan terms are clear and transparent, with no hidden fees.
Application decisions are virtually instant, and if you’re approved, funds can arrive in your account as early as the next business day.*
Online loan FAQs
How much can I borrow with an online loans?
Online loans with Integra Credit are available for a maximum amount of $3,000, depending on your state’s laws. For more information on the maximum loan amount by state, please refer to our Rates and Terms page.
Can I get an online loan with no credit check?
Getting a loan online without a credit check is possible, but many lenders will assess your credit score as part of their approval process.
At Integra Credit, we use a flexible underwriting process that assesses your eligibility beyond your credit score. If approved, funds can be deposited as soon as the next business day*, helping you access the money you need.
Are online loans secured or unsecured?
Integra Credit online loans are unsecured, which means they don’t need to be backed by a valuable asset like your home. This means you won’t need a valuation as part of the application, making the process much faster.
Secured loans can come with lower interest rates because the risk to the lender is reduced, but the application process can take several days or weeks.
What is Annual Percentage Rate (APR)?
Annual Percentage Rate, or APR, is a standardized measure used to express the cost of a loan for a whole year. This rate takes into consideration interest owed and any fees a customer will pay as a result of taking out the loan.
How long will it take to receive my online loan?
Funds for Integra Credit loan agreements fully executed by 8pm CT on weekdays and Saturdays and 3:30pm CT on Sundays are typically sent the next business day. Check with your financial institution’s funds availability policy to learn when it will provide you with access to the funds.
What are the minimum qualifications to apply?
The minimum qualifications to apply are that you must be at least the minimum legal age to contract in your state of residence, have a valid bank account, have a valid email address, and be a resident of a state in which we offer loans. Please see our Rates and Terms page for more information on which states we service.
