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No Credit Check Loans

Fast 3 to 36 month online loans.

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April 27, 2022
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No Credit Check Loans

No matter how savvy you think you are in managing your finances, there will always be hiccups at some point. Thankfully, there are plenty of lenders out there who will be more than happy to lend you some extra funds if you suddenly find yourself a little bit short on cash. There’s no telling when an unexpected bill could crop up. Still, it isn’t always easy to get approved for a loan. It can be particularly problematic if you have a blemished credit record. If you’re worried that your low credit score may cause issues with you getting approved for a loan, you will probably be looking for providers that offer no credit check loans

When you’re in desperate need of funds for some urgent expense you have not really saved for, you’d do anything just to get approved for financing. If you have been rejected a few times in the past because of your credit score, it is understandable that you will want assurance that you’ll get approved. While this move does make sense for bad credit borrowers, it is never recommended. If anything, lenders that offer no credit check loans should be considered red flags.

At MagicLoan, we assist borrowers who need access to financing regardless of their credit score. Our partner lenders are known for assisting a wide range of borrowers. Since they are legitimate and trustworthy lenders, they will carry out credit enquiries when assessing loan applications. However, they will not base their decision on your credit score alone. Rather, they will look into your financial capacity to repay them instead.

Getting your credit back on track

At MagicLoan, we have helped thousands of Australians who have problematic credit records get access to emergency cash loans from lenders who are more accepting and understanding of their circumstances. While they do not offer no credit check loans, what they do offer is a wide variety of loan products that aim to accommodate the different needs of borrowers who happen to have a less than ideal financial history. Our loan experts will get you paired with the right lenders that can offer you the type of loan that will best meet your specific needs. 

No Credit Check Loans 

Why choose MagicLoan?

We’ll find the right lenders for you

We know how overwhelming it can be to have to choose the right lenders offering no credit check loans. This is why we have our loan experts always on the ready to help you with your loan application. All you need to do is send us an application and we will take care of the rest. 

Convenient and fast

There’s no need for you to leave the house just to send us a loan application. The whole process is 100% online, after all. We work fast and will try our best to ensure that we can get you an outcome for your small loan in no more than 60 minutes.

No need to apply for no credit check loans

No legit lender will offer loans without any proper credit check. Our lender partners will see to it that credit enquiries are carried out to ensure that they have met the necessary guidelines for responsible lending. However, they are not going to judge your application solely on your credit score. They will be more interested in your capacity to pay them back instead. So, your bad credit score does not matter at all. 

Why no credit check loans with guaranteed approval is a bad idea

The reason that lenders are required to carry out proper credit checks is to ensure that they are not letting their customers borrow too much. This can lead to borrowers taking out an amount that is way more than their means to pay off. Providers that offer no credit check loans and guarantee approval no matter what do not really have your best interest in mind. They care more about the money they can get out of the loan and not whether it might put you at risk of being caught in a debt trap. Our lender partners are known for running a credit check for all the loan applications they receive. But the gal here is so they can better assess your financial capacity to afford the repayments. 

Allowed borrowing amounts

While the lenders we have partnered with do not offer no credit check loans, they can offer you an unsecured loan that will suit your financing needs best. You can borrow between $300 and $5000. If you have bad credit then this is a good time for you to fix your credit history by making sure that you get your repayments paid on time. You can take out a small loan and stick to the loan repayment schedule to eventually fix your credit ratings. 

Qualifying for a loan

You must be at least 18 years old to qualify for any no credit check loans.  You also need to be a permanent Australian resident or an Australian citizen to be considered for a loan. While being employed is not a requisite to qualify for a loan, you do need to establish that you are receiving some form of regular income in order to qualify. Whether you have bad credit or part of your income is from Centrelink benefits, you will still be considered for financing as long as you can prove to the lenders that you can afford the loan repayments. Do remember that requirements tend to vary from one lender to the next. Some lenders may need you to send them supporting documents such as 3 months’ worth of payslips and bank statements, copies of your utility bills to verify your residence as well as government-accepted IDs.

Waiting for the funds

As a lender finder, we do not provide any financing. Rather, our lender partners do so. Once you send your loan application to us, our lending experts will assess your details to get you paired with a potential lender. The lender then gets in touch with you if they can offer a loan. They will discuss with you the terms and conditions of the financing. Once you agree to the conditions, the lender will then process the fund transfer. If your bank is NPP-enabled, you can get the funds right away. Otherwise, you may have to wait up to 24 hours to get access to your money. 

Repaying no credit check loans

Our lender partners offer flexible loan terms to our borrowers. If you are taking out a short term loan from $300-$2000, you have the option to get it paid off as soon as 16 days or you can spread out your repayments for an entire year. For loans bigger than $2001, you still have the option to pay it off in 16 days but you can also extend the repayment term for up to 2 years. To ensure that you can manage the loan effectively, you can have a direct debit set up. This takes out the repayment directly from your account on its set date without you lifting a finger. With this, you won’ ever have to worry about missing any due dates.

MagicLoan.com.au (Credit Representative Number - 535991) which is an Introducer Appointed Representative of Marketplace Finance Pty Ltd (Credit Representative Number: 487316).  

MagicLoan is not a lender and does not make credit decisions. MagicLoan matches customer applications with lenders in our network based on the information provided, in exchange for a commission paid by the lender for advertising services provided. There is no guarantee that you will be accepted by a lender or that you will be offered terms suitable for your financial needs. Not all lenders will be able to provide amounts up to $5000. The time required to process and transfer the loan varies by the lender. This website does not directly endorse any particular product or service. Any information on this site should serve as opinion only. As a condition of extending credit, some lenders you may be matched with may run a credit check from a credit reference agency. Late or missed payments may be subject to increased fees and/or interest rates.

1. Subject to application being approved by the lender. Not all lenders are able to provide up to $5000

2. Subject to lenders requirements and approval. The time that it takes for the cash to be received in your account will depend on your bank’s policies and procedures. 

Consumer Advisory: MagicLoan is a loan matching service. This site will submit the information you provide to a direct lender. Upon loan approval, a direct lender may require further information from you which will be collected after we transfer you to their website or they may contact you via phone or email.

All applications will be subject to credit checks and affordability assessments in line with responsible lending. Loan terms, conditions and policies vary by lender and applicant qualifications. Late or missed loan payments may be subject to increased fees and interest rates. Not all lending partners offer up to $5,000 loans, and not all applicants will be approved for their requested loan amounts. Loan repayment periods vary by lender also. Lenders may use collection services for non-payment of loans.

Not all borrowers will qualify for a loan, the operator of this website does not engage in any direct consumer lending, we simply provide a FREE loan matching service to the public. To operate this service we receive a commission from the lender we refer you to.

Auto Decisioning allows lenders to make a decision on your loan application without the need for human interaction, for more information please contact your lender or see their privacy policy.