Online personal loans are the easiest and fastest way to get your money. There’s no need to go through a bank or credit union, and you don’t have to wait for approval. So you can apply for no income loans online, get your funds right away, and use them however you like.
According to Lantern by SoFi advisors, “If you’re in need of cash and you don’t have verifiable income, then options may be limited, and a personal loan with no income verification may be the best way to get the necessary funds.”
Myth: Online personal loans are sketchy
The idea that online personal loans are sketchy is just a myth. Online personal loans have been around for many years and are a great way to get quick cash in your pocket when you need it most.
Myth: You’ll pay high-interest rates for a loan without income.
Personal loans can seem like a pipe dream if you have bad credit or no income. But some lenders will work with you and help you get the money for the taking. There are plenty of myths about personal loans out there, but we’re here to bust them all!
Some people think they’ll be charged very high-interest rates on their loans if they don’t have good credit or a steady income. This isn’t true at all! In fact, with many lenders offering instant approvals and flexible repayment plans, getting a personal loan is easier than ever before—with lower rates than most traditional banks offer.
Myth: It takes too long to get an online loan.
There are a lot of myths about online personal loans, and many people think it takes too long to get approved for one. The truth is that the process is fast and easy. All you need to do is fill out an application online and then wait for a call from one of our representatives. Once you speak with us, we’ll be able to explain what type of loan makes sense for your situation, based on things like how much money you need and how long until your next paycheck comes in.
Once you’ve determined which loan works best for you, all that remains is finishing up some paperwork so we can approve it right away!
Myth: Only take out a personal loan for emergencies or big things!
There are plenty of reasons to get an online personal loan that aren’t emergencies. For example, you may want to pay off credit card debt, eliminate interest fees, buy a car, finance college tuition, or even start your own business. If you have an urgent need for cash and want to find the best options available, it can be helpful to know your options before applying.
Word of mouth can be misleading and make people think that online personal loans are sketchy. The truth is, these loans offer benefits such as fast approval times and reasonable interest rates that make them worth considering. So you don’t have to go through a lengthy application process either – fill out an online form and submit it!