Signature Loans: 3 No Bank Account Options Listed

Do signature loans with no bank account needed exist?

Signature loans can help you secure extra funds for bill consolidation, holiday expenses, or unexpected costs. While most lenders require a bank account in order to apply for a loan, there are a few places where you can get a signature loan without a bank account, including Mariner Finance and OneMain Financial. We have details on these lenders and more, plus information on how to qualify and what the terms for repayment include.

Where to Get Signature Loans, No Bank Account Required

A signature loan — also known as an unsecured loan, unsecured personal loan, or installment loan — a type of loan that requires only your signature (meaning no collateral is needed). Signature loans are available through banks, credit unions, and online lenders. Most borrowing decisions for signature loans are based on your credit score and credit history, although some lenders will approve this type of loan for people with poor credit.

Signature loans are not the same as payday loans. In general, payday loans come with very high interest rates and very short repayment terms, while signature or installment loans can be paid back over longer periods of time. The interest rates for signature loans are typically lower than payday loans, but higher than traditional bank or credit union loans.

Most lenders don’t offer signature loans without a valid checking account. In order to get a loan from a bank or credit union, you typically need to be an account holder. Many online lenders and bad credit lenders also require checking accounts for two main reasons:

  • Having an active checking account that’s been open for a minimum amount of time (usually six months) helps provide proof that borrowers with poor credit will be able to repay the loan.
  • Online lenders with no physical locations need a way to get the loan funds to you and to accept payments on the loan. Direct deposits to your bank account are the easiest and most common method for transferring loan funds.

We’ve listed the places that will consider providing a signature loan to someone without a bank account. Keep in mind, you’ll need to be able to get to a physical location to complete the loan paperwork and, if you’re approved, you’ll receive a check for the funds. Remember to bring a valid government-issued photo ID and proof of income and residence.

Mariner Finance

Mariner Finance has locations in Alabama, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Mississippi, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Wisconsin.

OneMain Financial

OneMain Financial and more than 16,00 locations in 44 states.

Regional Finance

Regional Finance has locations in Alabama, Georgia, Missouri, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, and Virginia.

In Summary

Signature loans, no bank account options exist. Getting a signature loan without a bank account can be difficult, but there are a few options. Mariner Finance, OneMain Financial, and Regional Finance offer signature loans to applicants without checking account and will pay your loan funds by check if you’re approved. For more on signature loans, see our article listing the places where you can get a signature loan without a credit check — or for people with bad credit.

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