Payday Loans Without Direct Deposit Required – Get up to $5000!
You can never tell when a perfectly planned life can turn upside down, leaving you scouring for ways to get a quick loan to cover the financial urgencies. If you do not have a bank account with a direct deposit facility, then your chances of getting loans for any reason become extremely narrow.
You cannot use a check without a checking account, nor can you visit an ATM. Even if you apply for a payday loan, many direct loan lenders may not approve your application because one of the essential prerequisites is to have a valid bank account.
So, where does that leave you when you are in dire need of instant money? To save you from such situations, some payday loan providers offer cash instead of making a direct deposit of the loan amount. Read on to find out more about the alternate options available.
How to Get Payday Loans Without Direct Deposit From Employer
When you are an employee and in need of a quick loan, you may check out the payroll advance policy of your company. Some employers have such an official program in place to help their employees when they need a quick cash loan to cover some emergency expenses.
If a payroll advance from your employer is available, then this is one of the most affordable and accessible types of loans you can get. The employer will most probably not look for earning any profit from this program, so the interest rates are kept low.
However, if a quick deposit from your employer does not work for you and other alternatives are also not available, then payday loans may be the only fastest option available. The most significant advantage of taking payday loans is that you get the money within 24 hours.
The payday loan lenders do not perform any credit score check, nor do they require any extensive paperwork like a traditional bank; hence you can expect to get the loan amount considerably faster. However, there is a catch here as most of the loan lenders will require borrowers to have a valid checking bank account.
In the absence of a checking bank account, a savings account may also work with some of the loan lenders. But, what if the borrower has no option for a quick deposit in the bank account? Are there any other alternatives available? Let’s find out.
What Are Payday Loans That Don’t Require Direct Deposit
If you require a quick short term payday loan but do not have a savings or checking bank account to get a direct deposit, you still stand a chance to get the money. Some many loan lenders will even accept your loan application and offer cash loans through other mediums such as follows.
It is a kind of credit card transaction, where you can use the card not only for making purchases at the merchant outlets but also for receiving money. You can withdraw money using your card, and the amount will reflect in the next bill to be paid.
When you have these cards with you, it becomes easier for the payday loan lender to send you money. So, if the lender sends you a 500 dollars deposit on the card, then it means you get a limit of 500 dollars to spend as per your discretion.
Many borrowers may also prefer to repay the loans along with fees from their card account. Furthermore, if a person has a credit card, this means he is considered reliable by the finance company. Although getting payday loans in this type of card means paying high-interest fees on your loans, tough situations often require you to make tough decisions.
Prepaid Debit Card
It is a type of banking card that allows the user to spend only the amount of cash that you have added onto the card. Just like any other debit card, you can use the prepaid card at any merchant outlet that accepts Visa or Mastercard.
When you don’t have the option for direct deposit available, many loan lenders may accept to send money to your prepaid debit card account. It is also convenient because you can pay your utility bills and rent directly from this card. You may also use this to repay the loan amount.
If you also do not have a prepaid card, some lenders may help you open one on the same day and credit your account with the much-needed cash.
Cash at Hand
When you don’t have the time to wait until you get a bank account with a deposit facility and also do not have a card, you can request cash at hand. There are several payday loan lenders who will give you loans instead of collateral, which can be your car or something worthwhile.
Getting the money at hand turns out to be a lifesaver in various circumstances when you are in urgent need of cash. However, this is a service you can find only in particular payday lender companies that operate in your location.
How to Get Payday Loans With No Direct Deposit Required
When you need a payday loan but do not have a direct deposit facility, this can be an obstacle, but you can overcome it. You will still find many payday lenders who will be willing to send you money on your credit card, prepaid card, or cash at hand.
However, finding a direct lender who offers this type of loan is not going to be easy. You will need to do some good searching to come up with valid options. If you are clueless about what to do in such a situation, then here’s a step by step road map for you:
- Go to the browser and type payday loan with no direct deposit along with your location. You may use your smartphone with an internet connection for searching.
- When you get the list of lenders offering loans, narrow down your choices by shortlisting the companies based on company info, contact details, interest rates, fees, and so on.
- Fill out the necessary details (name, age, address, email id) in the online application form on the lender’s website, such as Massat Loan.
- Don’t forget to place the request to get the money in your prepaid card or credit card instead of checking or savings account.
- The lender receives the application and verifies your employment. No credit check and no paperwork is needed. You will get money in the next 24 hours.
Frequently Asked Questions
Can I Get a Payday Loan Without Having Direct Deposit?
Yes, if you do not have any bank accounts with a direct deposit facility, you can still get the loan sent to your card. Some of the loans payday providers may also give you an instant case at hand. So, those without a direct deposit facility may apply for a loan payday.
Where Can I Get a Loan Without Direct Deposit?
If you want a personal loan on the same or next business day, with no direct deposit, look for the payday loans lenders who offer to send money to your prepaid card or cash advance. You can submit an online loan application even with a bad credit score, similar to applying for any pay loans.
Can You Get a Payday Loan Without a Bank Account?
While most lenders require you to have a checking or savings account to get money in the bank account, you can still get loans without a bank account in the options mentioned above. However, please bear in mind that the fees may be higher.
Are There Any Guaranteed Payday Loans?
Most payday loan providers say that they provide guaranteed cash regardless of your credit score or background. However, the loan providers have all rights reserved to reject a request or pay only a part of the amount requested based on their discretion.
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