not featured

Can You Get a Personal Loan With No Credit?

a woman applies for a personal loan online

We all know that life is unpredictable, and as much as we may not like it, so many things can happen that are totally out of our control. Whether the refrigerator goes out and needs to be replaced, the car needs a new transmission, or an unexpected medical bill pops up. On top of the stress of dealing with the unpredictable, there’s also the financial stress that comes along. Maybe you’ve considered a loan for help, but what if you have no credit?

In a perfect world, everyone would have an emergency fund to help cover unexpected expenses. Of course, in the real world, sometimes that’s not an option. But an Academy Bank Express loan could be the right choice for you -- even if you have little to no credit.

Keep reading to learn more about our Express Loans and how they can help you get the funds you need, when you need them.

How to Get a Loan With Little or No Credit

The Academy Bank Express Loan* is a type of loan in which you borrow a certain amount of money, and then pay it back in installments along with interest. You don’t have to borrow against any collateral, such as your home or car.

While many loans are based on creditworthiness, that’s not the case with our Academy Bank Express Loan. No matter whether you have less-than-perfect credit history, or even no credit at all, the Academy Bank could be an option for you.

You can borrow anywhere from $250 up to $15,000 with a short and simple loan application. We’ll put you in the driver’s seat to pick the offer that works best for you and your situation. Our Express Loan is a fixed-term, fixed-payment loan that you can use for any purpose.

After you’ve established an account relationship with us, we invite you to apply for the Express Loan. That way, we can consider your account relationship in lieu of your credit history. Even if you have a less-than-perfect credit score, or no credit.

What Are the Benefits of Academy Bank Express Loans?

An Academy Bank Express Loan is a personal loan that gives you access to the cash you need without breaking your budget. No more resorting to high-interest lenders like payday lending offices helps ensure that your funds go to your most important needs.

These funds can be used to take care of unexpected car or medical expenses, pay for your education, or anything else you need. There are no stipulations of what you can or can’t use the loan for.

Here are some of the features of the Academy Bank Express Loan:

  • Low credit scores considered with a satisfactory account relationship
  • Credit options for borrowers with little or no credit history
  • Fixed terms and monthly payments to simplify your budget
  • Automated payments are available, so you'll never miss one
  • Origination fee applies

How an Express Loan Can Be a Stepping Stone to a Better Financial Future

If you have no credit or little credit, an Academy Bank Express Loan can do more than just help you get the funds you need, when you need them. It can even help you establish a positive credit history. Making on-time payments can help you be successful on your credit building journey.

Looking for more ways to improve your credit and credit score? Consider an Academy Bank Credit Builder Credit Card.**

Academy Bank: Your Financial Partner

If you’re looking for a partner in your personal finance family, Academy Bank is here. Whether it’s providing you the funds you need, when you need them, or helping you establish a better credit score and credit history, we’ll be alongside you every step of the way. We offer a variety of products and services to help our clients build strong financial futures.

And we’d love nothing more than to be your go-to bank for your personal credit needs.

Member FDIC

*Direct deposit is required. Origination fee, 10% of the loan amount or $100 whichever is less. Subject to credit approval. Restrictions Apply. Annual Percentage Rate (APR) is based on credit score. Only one personal loan allowed to any borrower at any time. Loan terms are based on the loan amount.

**Subject to credit approval. Improved credit score is not guaranteed. Credit score is determined by credit reporting agencies based on multiple factors, but satisfactory performance on a credit card product can improve your credit score. Default on a credit card, including missed or late payments can damage your credit score. Once added, funds cannot be withdrawn from the savings account without closing the savings account and the credit card.