Top 5 Websites To Secure Online Loans With A High Chance Of Approval

Every one of us will end up facing financial obstacles at some point in our lives. And more often than not, when you find yourself in such situations, you may end up having to borrow money to help cover your expenses. But what can you do if you have a poor credit score that hampers your chances of securing the funding you urgently need from a bank or credit union?

The answer to this question is simple. Online loans. Many lending companies have now made their services accessible online, which means that you can apply for funding from the comfort of your own home. For instance, you can take out online loans from CocoLoan, and you won’t need to deal with long wait times or lengthy paperwork.

Also, since most online lenders look beyond just a borrower’s credit score, even borrowers with bad credit can secure the funding they need. However, it can often be challenging to find a reliable lender, so this article outlines the top 5 sites that you should consider today.

1. CocoLoan – Boasts highest approval rates for online loans

2. WeLoans – Has one of the largest online lender networks

3. HonestLoans – Most favorable loan rates and terms for small loans

4. UnityLoan – Fastest online loan processing times

5. iPaydayLoans – Widest range of loan options to choose from

1. CocoLoan

When it comes to securing online loans, CocoLoan is the best overall choice because it boasts an almost 97% approval rate. This means that by visiting this website, you have a very high chance of securing a loan, and it is mainly due to the fact that CocoLoan’s partner lenders assess a wide variety of factors when evaluating your loan request, eg., income level, employment status, etc.

In terms of loan amounts, you can typically access up to $35,000, with all approved loans deposited as soon as the next business day. The site also comes with an easy-to-use interface that makes it easy for inexperienced online borrowers to navigate their way to a successful loan application.

The site also utilizes bank-level encryption software that is designed to ensure that your personal and financial information remains protected from unauthorized access. And since the site is also mobile-optimized, you can feel free to apply for funding using your phone or tablet.

And in the event that you have any questions regarding the service, they also have a highly-responsive customer service team that can help you with any inquiries 24/7.

Advantages of using CocoLoan

  • Reliable customer support team
  • 97% loan approval rate
  • User-friendly lending platform

Disadvantages of using CocoLoan

  • High interest rates

2. WeLoans

WeLoans has one of the widest online loan networks in the market, as it spans over 100 lenders, many of whom are open to reviewing applications from bad credit borrowers. Borrowers can request loans of up to $35,000, and all you need to qualify is to be at least 18 years old, have a steady income stream, and be a US citizen.

The online loan service is also free to use, so you don’t have to worry about dealing with any hidden fees or costs along the way. Plus, borrowers can also instantly compare multiple loan offers, which makes it easier for them to secure the best deal possible.

The site allows consumers to apply for funding after business hours, and since all their partner lenders have been vetted, this reduces the risk of having to deal with predatory loan rates and terms.

In addition, they also have a “no questions asked” policy when it comes to their loans. As such, you can feel free to use the funds you receive to pay for anything of your choosing, e.g., debt consolidation, medical fees, etc.

Advantages of using WeLoans

  • Simple eligibility requirements
  • Wide loan network

Disadvantages of using WeLoans

  • Loan approval is not guaranteed

3. HonestLoans

When it comes to securing favorable loan rates and terms, HonestLoans stands at the top. The credit service has a loan network of over 80 lenders, all of whom have been vetted and cleared as reliable and licensed loan providers. In other words, any lender with a bad reputation or history of offering predatory rates and fees is automatically ineligible.

The service also only allows first-time borrowers to borrow loans that go as high as $5,000, but the good news is that borrowers that manage to build a positive history of repayment can increase this limit over time.

You also don’t need any collateral to secure funding since most of their partner lenders offer unsecured loans. Plus, their lenders typically carry out soft credit checks when reviewing your loan request, so you don’t have to worry about your credit score being negatively impacted.

Advantages of using HonestLoans

  • Vetted and verified lenders
  • Favorable loan rates and terms
  • Soft credit checks only

Disadvantages of using HonestLoans

  • Low loan limits

4. UnityLoan

UnityLoan is a free online credit service that is ideally suited to borrowers that need fast cash loans to deal with unexpected emergencies. Borrowers can apply for funding of up to $5,000, and since all loan requests are reviewed using an automated system, you can receive a decision in just a matter of minutes.

On top of that, their partner lenders will typically process any loan offers that you accept in as little as 24 hours. And since they also accept loan requests from applicants of all credit backgrounds, you can feel free to apply for funding, even if you have a questionable credit history.

That said, if you have a bad credit history, bear in mind that there is no guarantee that you will be able to secure a loan. And even if you are approved for one, you may not be able to qualify for the full amount that you initially applied for, as they will use your income level to determine how much you can afford to borrow.

Advantages of using UnityLoan

  • Free-to-use lending service
  • Instant loan processing

Disadvantages of using UnityLoan

  • Loan approval is not guaranteed

5. iPaydayLoans

iPaydayLoans is an online credit broker that has been in the industry for quite some time and has managed to build a good reputation for being reliable and trustworthy.

It is especially well-suited for any borrowers out there who are looking to explore a wide variety of online loan options. From payday loans to installment loans to quick loans to bad credit loans, iPaydayLoans allows borrowers to find a loan product that best suits their needs and requirements.

And since their lenders offer high loan amounts up to a maximum of $35,000, this means that you have enough room to fund expenses such as debt consolidation, home renovations, or anything else that you may need. Plus, with no minimum credit score requirements, this enables any potential borrower with a less-than-stellar credit rating to freely explore their options.

In addition, the iPaydayLoans site is also mobile-optimized and easy to navigate. It also uses high-end data encryption software, you can confidently submit your private information without fear of it being accessed by any unsavoury third parties.

Advantages of using iPaydayLoans

  • Multiple loan options
  • High approval rates

Disadvantages of using iPaydayLoans

  • Some lenders carry out hard credit checks.