$400 Payday Loan

While $400 can seem quite a modest amount, it is sufficient for covering some urgent needs. Moreover, sometimes it is crucial for those who faced unexpected troubles – health problems, car breakdown, etc. Frequently, for these people, a 400-dollar loan is the only acceptable solution. But, as we know, banks rarely provide less than $500; in most cases, a minimum loan size is $1000. Moreover, application processing can take several days. So, if you need money “yesterday”, you may take advantage of a 400 payday loan.

 I Need $400: Where Can I Get It Fast?

Payday loans, unlike conventional bank loans, are provided by non-banking financial organizations. They are independent entities also known as micro-finance organizations. The high speed of application processing is their distinctive feature. When applying for a bank loan, you can wait for approval for about a week. When you deal with a micro-financing loan agency, the whole procedure takes as little as one business day. This is possible, thanks to the lack of a detailed credit check of the applicants. That is why we can say with confidence: if you are applying for a 400-dollar payday loan, you will get n approval in 15-60 minutes. The time of application processing by non-banking organizations rarely exceeds 1 hour.

If you wonder where you can find companies providing 400 credit score loans, it’s not a problem, as there are plenty of them available both online and offline. However, it is important to find a reliable company that offers transparent terms and conditions and tends to keep its words. Getting a 400 cash loan is easier than it can seem if you are dealing with a trustworthy lender.

Will I Get a $400 Payday Loan?

Getting a usual bank loan can be quite a trouble, as banking institutions check the borrower’s credit score and credit history. As for independent lenders, they, basically, don’t care about your credit score. So, when you apply for a 400-dollar loan, no credit check is required. Meanwhile, to ensure you are eligible for payday loans you must consider several variables.

If you want your application to be approved as soon as possible, make sure you’ve prepared all your papers. Keep in mind that you’ll need an ID-card (or a passport), a driver’s license (optionally), and an SSN. Also, you’ll need to comply with some basic requirements that will be reviewed in the following sections.

If you meet, at least, the main requirements to borrowers, chances are your application will be approved. In general, the approval rate in this sector is very high. Over 90% of applicants get 400$ cash loans without any hassle. Most of them get their money on the same business day or on the next business day.

What Requirements Should I Meet if I Want to Get a 400-Dollar Loan?

Payday loans are easy to obtain if you meet basic requirements for borrowers. They can slightly vary from one lending company to another. However, essential criteria are similar for the majority of micro-financing entities. To get a fast 400 loan one needs to comply with the following conditions:

• be a resident of the United States and a citizen of the state he/she is submitting an application;
• be 18 years or older;
• have a valid passport of a US citizen or an ID card;
• have a regular source of income; ideally – a full-time (or part-time) job;
• have a monthly income of at least $1000 (the more the better);
• have a job tenure of 3 months (90 days) or more.

Additionally, every borrower who applies for a $400 loan online must provide a valid crediting account, e-mail, and a phone number. This information is necessary for a lender to contact a client and transfer the funds to him/her. If you meet the above-mentioned criteria and can provide the required personal and financial data, chances are your application will be approved without any problems.

What Particularly Should I Do to Get a $400 Payday Loan?

A popular question of first-time borrowers sounds like “I need $400 now: should I go to a bank?”. The answer is no, you shouldn’t. Fast (a.k.a. instant or payday) loans are provided by non-banking entities. If you have an office of such an entity in your city, you may visit it and get your $400 loan on the same day. However, more and more people opt for online payday loans, due to their numerous advantages:

1. No need to go anywhere. Online payday loans are applied for in a couple of clicks.
2. Ease of submitting an application. All you need to do is to fill in a simple form.
3. High approval rate. Most online applications are approved.
4. A possibility to choose. You have time to compare the terms and conditions offered by various lenders and choose the best one. There are special sites that offer convenient tools and rankings that make the process even simpler.

The procedure for making an application is pretty simple. Most websites of lending companies have an intuitive design with a large “Apply Now” button. By clicking the button, you open a standard online form, which is to be filled. Enter the required information in the offered form and click “Submit online”. After a while, you will get an answer (don’t forget to specify your real e-mail and valid phone number). At this stage, you will need to read and accept the terms and conditions of the loan agreement. The funds will be transferred to the bank account specified within 24-48 hours.

I Need $400 Now: Does My Credit Score Matter?

We’d like to reassure you: when you are applying for payday loans for $400, your credit score as well as your credit history, doesn’t matter. This is, probably, the main difference between usual bank loans and $400 cash loans provided by non-banking institutions. The latter once can give loans to every adult person who has a stable source of income. That is why getting a $400 loan bad credit is not a problem.

At the same time, taking into consideration all the risks associated with a soft credit check, all non-banking entities providing fast 400$ loans have pretty high interest rates. All in all, these loans seem to be pretty expensive if compared to traditional credits provided by major banks.

The Bottom Line

Unfortunately, we face unexpected financial problems more frequently than we’d like to. Fortunately, we have some modern and convenient tools that help overcome these problems. One of these solutions is payday loans that are provided online and with no credit check. You even don’t need to go anywhere – just fill a simple form and get the money. Keep in mind, however, that the interest rates are pretty high here, so rake payday loans only when you don’t other ways to resolve the problems.