There are many situations when you need money for an emergency, such as a forgotten utility bill, home or car repairs, or other unexpected expenses. Having two weeks till the next paycheck adds worries and makes you think about borrowing money. If you don't have any family members willing to help you, consider getting a $400 loan with no credit check!
At ASAP Finance, we can help you get fast cash from a direct lender, even with a bad credit score. If you need a $400 loan now, all you need to do is complete an online loan request form on our website. Whether you're at home or on the go, you can access our mobile loans anytime, anywhere.
What Is a $400 Loan from Direct Lender?
A $400 loan is a short-term loan offered by payday lenders. People usually use it when they run out of money before their next paycheck or face unexpected expenses without an emergency fund. Approval is instant, and the money is in your account the next day. The loan of $400 must be repaid in one lump sum in 14 to 30 days, with the due date being tied to your next paycheck.
Credit scores are not a major factor in direct lenders' loan approval, unlike banks and credit unions. This means borrowers with poor or no credit history have a chance to get the cash advance they need. Additionally, this loan is usually not based on APR and comes with a flat fee you pay to a lender.
Can You Apply for $400 Loans with a Poor or Bad Credit Score?
Yes, you can apply for a $400 loan with bad credit. Having a poor credit history isn't a reason for denial. Payday lenders provide such loans without performing hard credit checks. They just verify general information about your income and checking account. This check isn't displayed in your credit report.
Who Is Eligible for $400 Payday Loans?
There are a few eligibility criteria you need to meet to qualify for $400 payday loans:
- be 18 years old;
- be a citizen or resident of the United States;
- provide an email address and cell phone number;
- have a stable source of income;
- have proof of permanent residence in the United States;
- have an ID and a social security number;
- have an active bank account.
When filling out the loan request form, be as accurate as possible by providing the needed information. Don't mislead the lenders. Then you'll be able to get a $400 loan faster.
How to Get a $400 Loan Today?
Here's how easy it is to get a $400 loan from ASAP Finance:
Complete a simple online application. Provide accurate personal and financial details. The process usually takes about 5 minutes.
Wait for approval. The system will perform a soft credit check and review your application. Within 15 minutes, you will receive a loan offer by email.
Sign the loan agreement. Make sure that the loan cost, terms, and conditions suit you. Put your electronic signature.
Receive money. Once you accept an offer, the lender will make a direct deposit. If you apply before noon, you may be lucky and get your money on the same day. But generally, loans are provided on the next business day due to cut-off times.
How Fast Can I Get a $400 Loan?
Once approved, the money arrives in your account the next day. If you fill out the application early in the morning, you can get a loan on the same day. However, the speed of crediting funds does not entirely depend on ASAP Finance. It mostly depends on how fast your payday loan verification will be completed, along with your bank's cut-off times.
How Much Does a $400 Loan Cost?
The cost of a $400 payday loan may vary by state and lender. Payday loan fee can range from $15 to $30 for every $100 borrowed. A typical two-week $400 loan with a $15 per $100 fee has an annual percentage rate (APR) of nearly 100%, resulting in an additional $60 spent on interest.
What Should I Know Before Requesting a Payday Loan?
Before applying for a $400 loan, consider some alternative options:
- Ask family and friends to lend you the money you need.
- Explore crowdfunding platforms that connect borrowers with individual lenders at lower rates.
- Check if you qualify for personal loans with fixed monthly payments over a longer term.
- Use credit cards if you can pay off the balance quickly to avoid high interest.
- Check if retailers or service companies offer payment plans allowing you to pay for items in installments.
- Consider taking on a part-time job or freelancing to earn extra income.
- Explore government assistance options if you qualify for grants or subsidies.
If a payday loan is your only option, make sure you assess all the risks.
Why Choose ASAP Finance?
ASAP Finance provides loans with clear terms and conditions and a quick application.
- Easy. You can fill out an application online; the answer comes in just a few minutes. You don't have to worry about complicated credit checks — we make the process as simple as possible.
- Affordable. We offer financial assistance to those who are rejected by banks. This can be useful for students, the unemployed, and people with a problematic credit history.
- Transparent. When you apply, you have access to all the information you need. The contract contains all the terms, so you know exactly what you agree to.
- Reliable. ASAP Finance has a good reputation. High ratings on Trustpilot and BestCompany confirm the quality of service.
- Secure. We use modern technologies and comply with high standards of information protection. Your personal data is safe.
Frequently Asked Questions
01
Can I get a $400 payday loan with no credit check?
Yes, you can get a $400 payday loan with no credit check. However, lenders typically conduct a soft credit inquiry to assess your eligibility, which does not affect your credit score. They will also review your income to ensure you can repay the loan.
02
Is it possible to get approved for a $400 loan with poor credit?
Yes, you can apply through ASAP Finance if you have a bad credit history. The decision to approve or reject a loan is made mainly based on income stability, and the credit history will be assessed by a soft check and will not significantly affect the outcome.
03
How to repay a $400 payday loan?
This is an automatic process. Lenders usually withdraw money directly from your checking account on the due date. Just make sure you have enough funds to repay a loan cost.
04
What is a payday loan alternative for bad credit?
You may consider auto title loans if you have a car to use as collateral. Some lenders provide payday loans with a 3-month repayment period, making it easier for borrowers to repay the money on time.
There are also installment loans for bad credit that don't require any pledge but may be more expensive. Alternatively, you can consider P2P financing or borrow money from family members or friends.
05
What are the benefits of a $400 payday loan?
The advantages include easy application, instant approval, and funds being credited within 24 hours. The minimum set of documents and the absence of a credit check make a $400 payday loan even more attractive.
06
I need a $400 loan now. What is the fastest way to get a $400 loan?
Apply through ASAP Finance right now. We will process your application instantly and provide a decision. You can get $400 tomorrow.
07
Where to get $400 quickly?
With ASAP Finance, you can get $400 within 24 hours. Simply apply by verifying your income. Apart from our payday loans, you can also get a cash advance through money apps that offer small advances based on your salary with minimal fees. Pawn loans are another option to get a $400 loan by offering valuables as collateral. Other alternatives include borrowing from friends or family or using a credit card cash advance to access funds quickly.
08
How to find a payday lender near me?
To locate a payday lender nearby, consider ASAP Finance. We have branches in Texas, Ohio, Florida, and several other states. Our locations offer fast and convenient access to financial products, including short-term and installment loans.
A $400 loan with no credit check can help you solve your urgent money needs.Fill out our application form and get your money by tomorrow!Apply Online NowI read and agree to Terms, Rates, Privacy Policy before submitting a loan request.