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Best Unsecured Personal Loans from LoanNow – Easier, Better & Faster!

There are two basic type of credit: secured and unsecured. Credit cards and most personal loans represent unsecured credit. Mortgages and car notes are secured credit. In most cases, obtaining unsecured credit requires borrowers to demonstrate that they are creditworthy by passing some form of credit check.

While most people prefer unsecured credit, it’s not always the best choice. Unsecured credit cards targeted for customers with bad credit typically carry stiff fees, high interest rates and low credit limits. The same is true for payday loans, which are also frequently geared for customers who would otherwise be turned down for unsecured loans.  Fortunately, LoanNow represents and alternative to payday loans for many customers who cannot qualify for unsecured loans from banks or credit unions.

Unsecured Credit:

Unsecured Loans

With unsecured loans and credit cards, lenders and merchants essentially trust you to repay your financial obligations. If lenders happen to be close friends or family members, that trust is largely based on years of association and no small measure of affection.  Unsecured credit from your local community bank or credit union may also be granted based on a long-standing relationship with the financial institution. But in general, banks and credit card companies approve unsecured loans and credit cards based on your credit profile, and especially your FICO score.

Secured Credit:

Secured credit is based not on trust or evidence of creditworthiness, but on a guarantee of repayment in the form of collateral. For instance, mortgages and car notes are guaranteed by the house or the car the loans are used to purchase. Pawn shops require borrowers to provide tangible property that is held until their loans are paid in full. Secured credit cards are guaranteed by deposits in specified bank accounts that cardholders are not permitted to access.

Payday Loans:

Unsecured Loans

For applicants with damaged credit, secured cards may be the only way to obtain access to credit cards.  This is not the case where loans are concerned. Payday lenders regularly offer unsecured loans to borrowers with limited income and credit, but not for altruistic reasons. Payday lenders particularly target customers who find it difficult to qualify for unsecured loans from banks and credit unions but who hold steady jobs or have access to other forms of regular income.  They provide loans with repayment periods that are pegged to borrowers pay dates – which often means that the entire loan is due in full within one or two weeks.

LoanNow: LoanNow also provides unsecured loans and we also frequently approve applicants that banks turn down. But the similarity to payday loans ends there. Our superior risk-based underwriting system evaluates applicants’ entire financial history while still producing lower default rates than payday loans. Our repayment periods are manageable, with monthly payments like those for bank loans. And we say no to rollovers and added fees. Experience the LoanNow difference for yourself today!

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Why LoanNow

  • 5-Minute Application

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  • Fast & Easy Approval

    Get your quick loan approval online. Money in minutes. †

  • Deposit to Your Account

    Funds are deposited fast into your bank account! ‡

How It Works

  • Apply Now

    Complete our easy online application. It takes 5 minutes and there is no paperwork and no faxing required.

  • Get Approved

    You will get a quick loan approval decision. We are a direct lender so there is no long wait for an answer.

  • Get Your Money

    We deposit your money right into your bank account. Your installment loan payments come from the same account - automatic, no hassles.

What We're About

  • "We believe we can change the world by helping people with less than great credit get back on track."

    Miron, The Team

  • "Our loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties."

    Harry, The Team

  • "Our mission is to build the fastest & easiest way to get a loan."

    Jesse, The Team

Grow Your Score

Our personal loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties. Together, we grow your LoanNow score to unlock better rates.

LoanNow Score

* Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. Subject to underwriting approval.

** Subject to online availability and underwriting may request additional items prior to final approval.

† Loan approvals are subject to underwriting criteria and the approval process may take longer if required items are not able to be verified online or additional items are requested.

‡ Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. One’s bank will determine when funds are actually available.