What is a quick loan?
A quick loan is a borrowing option that can provide fast access to funds, often within a business day of being approved.
Unlike many traditional loans, which may take several days to process, quick loans typically have a streamlined application process that allows for faster approval and funding. They are often used for urgent expenses, like medical bills, car repairs, or unexpected household costs.
A recent Bankrate study found that only around 4 in 10 Americans would cover an unexpected expense of $1,000. That means most Americans would choose to borrow money if they found they needed access to money quickly.
Can you get a quick loan with bad credit?
It is possible to get a quick cash loan if you have a poor credit score. Many lenders consider a range of factors other than your credit score when assessing your loan application, including things like:
- Income
- Debt-to-income ratio
- Employment status
- Banking and payment history
Lenders can use this information to determine whether you can afford a quick loan, even if your credit score would disqualify you from most traditional lenders.
Quick loan eligibility
The minimum qualifications to apply for an online quick loan through Integra Credit include:
- Being at least the minimum legal age to contract in your state of residence
- Having a valid bank account
- Providing a valid email address
- Residing in a state in which Integra Credit offers loans
In order to determine how much you can borrow, your interest rate and repayment terms, most lenders will look at:
- Your credit reports
- Your income
- Your bank account transactions
- Any late or missed payments
- Your financial obligations
- Bankruptcies or foreclosures
- Your recent credit inquiries
- The loan amount and length
Even if your credit score is not perfect, many lenders look at these other factors to work out if you qualify for a loan.
Quick loans for bad credit FAQs
Can I get a quick loan with no credit check?
Some lenders offer quick loans without performing a check on your credit report or looking at your FICO score to assess your application.
Instead, they will look at things like your income and employment in order to decide whether they are willing to lend to you.
However, no-credit-check quick loans typically have higher interest rates because they represent a higher risk for the lender.
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 is my personal information protected?
At Integra Credit, protecting your privacy is of our highest concern. Please see our privacy policy for more information.
How long will it take to receive my money?
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 for an Integra Credit loan 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.
For more information on which states we service, please see our Rates and Terms page.
How much can I borrow?
Integra Credit quick loans have a maximum amount of $3,000, depending on the laws within a state. For more information on the maximum loan amount by state, please refer to our Rates and Terms page.
