Don’t you have an eye-catching credit score or a steady flow of income? Don’t worry; you can still be sanctioned for some loans, which are hassle-free to obtain.

Such loans are payday loans, quick loans, bad credit loans, or no-credit-check loans. These loans can be obtained easily and let you borrow the funds you need to pay off an emergency expense. But you need to understand that not every loan that is easy to get doesn’t mean it’s great for you. 

Some loans come with skyrocketing interest rates and charges, which can leave you baffled or take a toll on your savings. So, if you’re pondering the most accessible loans to get, the top 5 loans are shown below. 

Payday Loans

Payday loans are exclusive short-term loans mapped out to be reimbursed within 2 weeks or your next pay period after withdrawing the loan. These are the easiest to get through an online loan platform because most payday lenders don’t usually verify your credit. 

The downside is that such types of loans come with massive downsides in the form of charges and high-interest rates. For example, taking out a $300 payday loan for 14-day will impose an interest rate of over 650% in a few states. 

You might incur rollover charges if you can’t reimburse the loan by the stipulated time. Therefore, when you need cash, consider payday loans carefully before withdrawing. 

Pawn Shop Loans

Such types of loans are secured ones, but they can be collateralized. Hence, it implies that upon borrowing cash through pawn shop loans, any valuable item will be kept as collateral for the lender. Any precious item could be electronics, jewelry, musical equipment, etc. 

The online lender will give you money based on the item’s worth. You can get your valuable item back once you pay off the cash taken with interest. On the contrary, they can sell your item if you’re unable to repay the debt. 

No-Credit-Check or Bad Credit Loans

These loans are one type of personal loan if you don’t have a stellar credit score. The minimum requirements for credit scores differ from one lender to another. And you will usually need approximately a 580 credit score to be eligible for bad credit loans. 

When you don’t fulfill the minimum credit score requirement of the lenders, the best substitute would be to obtain a no-credit-check-loan. But this no-credit-check loan’s biggest con is its higher fees and APR. 

The most significant risk associated with having such loans is that if you’ve got a poor credit score, you jeopardize being charged with high-interest fees and rates. It’s because some online personal loan lenders have high-interest charges, such as 35.99%.

Car Title Loans

These loans are secured, implying that you will require collateral to obtain one. The collateral would be the vehicle’s title. Hence, if you are unable to reimburse the loan by the given date, the online lender will legitimately confiscate your car and sell it. Car title loans are one of the riskiest loans if your car is vital to your daily life. 

Emergency Loans

Do you want to cover unforeseen expenses? If yes, an emergency loan is one of the best types of personal loans to avail easily, for example, car repair bills and medical bills. The online lenders usually allow you to borrow $1000. And they even transfer the funds into your bank account on the same day after you sign off on the loan covenant. 

The rate of interest on an emergency loan depends on numerous factors. For example, your income, credit score, and debt-to-income ratio. But emergency loans are expected to pay interest between 5.99% and 35.99%. So, the interest rate will be higher when your credit score is lower. 

Sometimes, the online lenders might charge origination fees, and you usually pay between 1-8% of the loan amount. Some potential threats of emergency loans are when you don’t possess a top-notch credit score of 670 or more; your loan might come with higher charges and interest rates.


In a nutshell, these are the top 5 loans that are obtainable easily. So, think precisely and execute quality research prior to selecting any of the aforementioned loans. Moreover, you must ensure that you can pay it off on time to avoid any adverse effects on your credit rating. 

As every lender is different and provides unique services, you can obtain loan funds on the same day or the next day. All of the aforementioned options are designed to guide borrowers who need instant cash for pressing needs.