One Hour Payday Loans – No Credit Check Options for Bad Credit
Get Quick Cash with One Hour Payday Loans
Are you in a pickle and need money fast? You don’t have to struggle alone. There is a smart solution that will work even for bad credit borrowers. One hour payday loans are aimed at helping people with any credit get instant cash without going through the hassle of traditional credit checks. At 15M Finance, we offer multiple cash loan options from trusted direct lenders.
What Are 1-Hour Loans?
1-hour loans are a form of financial assistance that provides fast access to loan amounts of up to $1,000. They are commonly short-term online loans with a due date by your next paycheck. One of the best things about 1 hour payday loans is that they can be obtained with any credit score. To make this possible, payday loan lenders skip a hard credit check through major credit bureaus.
How Much Does a One Hour Payday Loan Cost?
An average 1 hour payday loan will cost you $10 to $30 per $100 owed. Suppose that you’re going to borrow $400 for 14 days with a lender fee of $20 for each $100 obtained. Your total loan cost will be $480. Here’s how you can calculate an annual percentage rate:
- $80 (interest amount) / $400 (loan principal) = 0.2.
- 0.2 x 365 (the number of days in a year) = 73.
- 73 / 14 (length of repayment period) = 5.214.
- 5.214 x 100 = 521.4%.
As you can see, one hour payday loans are expensive in the long run. Thus, you shouldn’t consider them as a long-term financial solution. However, these loans are almost ideal for financial emergencies of any kind. Just make sure you will be able to repay a payday loan without prolongation.
Can I Get a 1 Hour Payday Loan Without a Strong Credit History?
Payday lenders have no strong focus on your credit score. Whether you have a negative credit background or haven’t built credit yet, it won’t play a role as long as you can prove your solvency. At 15M Finance, your poor credit is never the reason for turning you down.
Are 1-Hour Payday Loans Legit?
Payday loans are subject to state law regulation. Quick payday loans are allowed in 31 states, banned in 16 states and the District of Columbia, and allowed with restrictions in 3 states. Thus, you need to check out your state law and make sure this form of lending is legal there.
Is It Possible to Get a Loan in 1 Hour?
Cash loans wired in 1 hour usually refer to a form of borrowing with loan approval decisions within 60 minutes. It usually takes you a bit longer to get direct access to your loan amount. The exact term depends on the time of day when you apply, the specific lender’s policies and procedures, and the number of loan applications queued for processing. Commonly, borrowers receive the money within one business day.
Who Is Eligible for One Hour Loans?
One hour payday loans come with a few simple eligibility criteria. Check out whether you meet them before applying for payday loans online:
A permanent US resident of at least 18 years old; Have an active bank account; Prove you have a steady income of at least $1,000 per month.
How to Apply for a 1-Hour Payday Loan Online?
Follow these steps to get emergency cash:
Fill out an online loan request form
Provide your accurate personal and bank account details. When applying through 15M Finance, it takes you just a few minutes to complete.
Wait for a response
A direct lender will make a soft credit check and send you a loan decision within 60 minutes. Check out your email to stay updated.
Sign a loan agreement
If you get approved, read your loan contract and accept the offer if the conditions suit you.
Get the loan funds
Wait for the money to reach your account as soon as the next business day.
Get Started with 15M Finance
If you’re in need of fast cash, 15M Finance is always at your service. With our 24/7 application, you can find the best possible one hour payday loan at any moment you need it. Our online platform makes it easy to apply for a loan in just minutes. There’s no credit check required to help you avoid the hassle of traditional bank loan application. Our network of trusted direct lenders is always here to provide you with the money you need.