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$1,000 - $35,000 Personal Loans in California

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Last updated:

Choose the best direct lender offering Bad Credit unsecured Personal Loans up to $35,000 in California and apply online to get an instant decision.

In the state of California, you may be able to get a Personal Loan ranging from $1,000 to $35,000. These loans are available even for people with bad credit and there is no limit on what you have to use them for. They can be repaid in flexible monthly installments and if you are able to pay off ahead of time, you can do so without worrying about penalties. Apply online or in-store, or check out more traditional options such as banks and credit unions.

Compare Personal Loans in California from the Best Direct Lenders Online or find a Loan Store near your location.
COMPACOM – Compare Companies Online

Cash Advance and other Money Offers in California:

Loans for ANY  NEEDS
APR from 4.99%

Compare Personal Loans from California Direct Lenders and Online Services

Find the best loan offers in California choosing among a variety of legit online and in-store lending companies.

TOP RATED COMPANIES

Rates last updated December 10th, 2019
4.3024079320113

LEND YOU

$35,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

4.99%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

LendYou.com is the easy way to find the cash you need when you need it. You’re looking for cash to pay bills, to buy a car or maybe do some work around the house. LendYou.com has the lenders you're looking for. It's easy. It doesn't matter the size of the loan you're looking for… LendYou may be able to connect you with a lender that can help.

The loans you need, when you need them.   

4.4014313597918

Check Into Cash

$3,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

Varied by state
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Check Into Cash makes it fast and easy for you to get the cash you need quickly. When you go to the website, you simply complete their online application in as little as five minutes and one of their representatives will call you to take you through their secure process. There are more than 700 Check Into Cash centers nationwide. They are a national leader in affordable short-term, small dollar credit solutions. They provide online payday loans, in-store cash advance, in-store title loans, check cashing and more.

4.4133099824869

Greenlight Cash

$3,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

Varied by state
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Need a financial support? We’ll find you the money when you need it most! Greenlight Cash offers Online loans up to $5,000. Among other benefits are:

  • Any credit is welcome. Have less-than-perfect credit but still need a loan? It’s not a problem! Submit a request, and we’ll find a lender that will be willing to work with you.
  • Simple online process. No lines and no extra paperwork! It takes a few minutes to fill out our short online form, submit it and get a quick decision from a lender.
4.2753623188406

Jora Credit

$3,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

Varied by state
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Jora Credit is a Lender that operates under the state specific rules for the states that it services. They are committed to the lending of responsible credit products to eligible applicants in need of emergency credit. Jora offers a simple, reliable way for customers to get a loan, and have the flexibility to repay it over a duration of time that makes sense for their lives and budget. Jora provides loans as soon as the next business day. Apply today and get $500 to $2,600 as soon as tomorrow. Get a Loan Fast!

Smaller tax return than you expected? Apply online for quick cash. Apply

Are Personal Loans Legal in California?

Loan Rates and Fees, Laws and Regulations in California.

We've done a thorough research of the main lending details and presented them in the table to make it more clear and convenient for you:

Law status legal
MIN Loan Amount $1,000
MAX Loan Amount $35,000
MIN. Loan Term 90 days
MAX. Loan Term 60 month
MAX APR 450%
Collateral or guarantor None, unsecured
Credit score requirements Available for Bad Credit
Apply online
Law status legal
MIN Loan Amount None
MAX Loan Amount $300
MIN. Loan Term None
MAX. Loan Term 31 days
MAX APR 459%
Additional fees 15% of the check
NSF fee $15
Collateral or guarantor None, unsecured
Number of simultaneous loans 1
Cooling off period None
Rollover Not allowed
Extension, repayment plan Voluntary repayment plan
Default penalties Not stated
Credit score requirements Available for Bad Credit
Find out more Apply online
Law status legal
MIN Loan Amount $1,000
MAX Loan Amount $5,000
MIN. Loan Term 90 days
MAX. Loan Term 36 month
MAX APR 225%
Collateral or guarantor None, unsecured
Credit score requirements Available for Bad Credit
Find out more Apply online

Quick and Easy Personal Loans Online

Compare top online companies offering fast cash advance with no faxing, no paperwork, possibly no hard credit check and no teletrack. Filling out a free application form guarantees you instant decision and high approval chances even if you have a bad credit score.

ONLINE COMPANIES

Rates last updated December 10th, 2019
4.3018867924528

Payday Loans USA .online

$35,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

4.99%
Min. APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Has life thrown you an unexpected financial curveball? Need a loan? Bad Credit?  Don’t look any further! PAYDAY LOANS USA .ONLINE is here for You. 100% online short-term Payday and unsecured Personal loans from some of the best direct lenders in the USA.

4.1025641025641

Your Faster Payday

$5,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

6,63%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

How does YourFasterPayday.com work? You’re looking for cash to pay bills, to buy a car or maybe do some work around the house. YourFasterPayday.com has the lenders you're looking for. It's easy. It doesn't matter the size of the loan you're looking for... YourFasterPayday may be able to connect you with a lender that can help. Fill out the block above to get started.

4.2462311557789

Fast Holiday Loans

$5,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

6,63%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Get cash for the holidays! Get a loan of up to $15,000 as soon as the next business day! Wrap Up the Holidays with up to $15,000 in Cash! This holiday season, get the cash you need. We’ll connect you with a lender who can provide up to $15,000 to take care of all of your holiday expenses!

Benefits:

  • Easy Online Application
  • Safe and Secure
  • Fast Decision
  • Trusted Source

Personal Loan Calculator

?
Select the amount for the loan you want in order to get the principal, which is the basis that we use to calculate the interest and the total cost of the cash advance.
?
The number of days within that you will be ready to repay the loan. It’s used to count the total cost of cash advance by multiplying the time period by the amount of interest.
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To calculate the total cost of your loan, we take the minimal average APR legal in all States, which is 36%. This figure is only a representative, providing you with general information on how much the loan may cost. To find out a more accurate total, fill in the Annual Percentage Rate required by the lender you want to apply to.
Every Payment (Installment) =

per month for year(s) at % APR

* It’s the amount of money you’ll need to pay every month (or other agreed period) according to your repayment plan.
Total Paid After Payments =
Total Interest Paid* =
* The total amount of interest over all the period of the loan.
This calculation is just a representative example and is for illustration purpose only. The rate is also just a representation of what a loan may cost and may differ from the rate you’ll be offered by the lender. Their rate will be based on their vision of your personal financial situation. All the calculations are provided as guides only. They don’t guarantee 100% the same cost you are going to be charged but they do help you understand the overpay much better. Unless you change the APR, the calculations will be based on the average or lowest rate represented by most lenders for each loan type. You’ll find the accurate interest rate as well as the real cost of your cash advance after you get approved before you sign the agreement. It will depend on many factors including the amount, the term of the loan, your credit score and the lender’s conditions. Interest rates are not fixed figures and are subject to change at any time. As soon as you fill out an application and get approved all the details concerning the rates and terms will be sent to you.

Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we've got 24 hours each. --Christopher Rice

And any of these 24 hours you can use our service to solve any financial problems you happen to get.

Contents:

California Personal Loans Online and In-Store.

Compare Personal Installment Loans in California.

Unsecured vs. Secured Personal Loans in California.

Bad Credit Personal Loans in California.

Personal Loans from Banks and Credit Unions in California.

California Personal Loans online and in-store. 

How to get a Personal Loan in California?

To get a $1,000 - $35,000 personal loan, follow these 4 easy steps:

  1. Compare lenders to find reliable ones with the lowest rates
  2. Fill out a free application form
  3. Get approved in minutes by various direct lenders
  4. Get the funds directly deposited into your bank account the same day or the next business day.

What are the main differences between online and in-store Personal Loans application process?

Applying online and in-store is practically the same with slight differences:

  • applying online is easier and faster as it doesn't require driving to the location, faxing, or doing paper work
  • in-store you can get the money the same day you apply
  • you have a wider choice of lenders online and the opportunity to compare their offers.

What are Personal Loans benefits?

Besides having a quick and easy application process, personal loans have several other advantages:

  • Opportunity to compare more than 300 direct lenders both online and in-store
  • Up to $35,000cash in your account within 24 hours
  • Easy to manage fixed payments
  • No collateral
  • No guarantor
  • Suitable for borrowers with a bad credit history
  • Can be used for any of your personal needs.

Compare Personal Installment Loans in California. 

There are several methods for getting the money you need. Each loan type comes with its own unique APR and minimum monthly payment. For example, if you take out a $10,000 for years, the total cost will differ depending on what kind of loan you take out. The following chart will show you how each loan differs with these numbers.

Loan Type

APR

Monthly payment

Total cost

Unsecured Personal Loans

 

6.99%

$336

$12,097

Secured Personal Loans

 

5%

$319,4

$11,500

Line of Credit

 

13.5%

$390,2

$14,050

Credit Cards

 

12.5%

$381,9

$13,750

Auto Loans

 

6.7%

$333,6

$12,010

Bank Loans

 

4.9%

$318,6

$11,470

Credit Unions

9.99%

$361

$12,997

*All the rates are representative and may vary by the lender.

The cheapest option is a secured personal loan. It does, however, come with risks. Since it is a secure loan, that means you have to put up collateral. Usually, collateral with be personal property like a car. On the upside, it has lower interest rates. This type of loan may be the best if you are confident in your ability to pay it off on time.

If you are not, you may want to check out getting an unsecured loan. The interest rate is not that much higher and you don’t have to put up any collateral. This type of low is good for those with a bad credit score or low or unstable income.

If you are lucky enough to have a good credit score and your credit history is almost perfect, consider borrowing from a bank or credit union

Unsecured vs Secured Personal Loans in California. 

As stated in the previous section, there are two main types of personal loans to choose from. You may choose one of them based on these factors: the amount you need, your income, and your ability to repay the loan. Let’s look at the differences between these types of loans closely.

Unsecured Personal Loans

  • Most require only your signature
  • A bit higher interest rates
  • Suitable for any personal needs
  • Affordable repayment terms and conditions

Secured Personal Loans

  • You can use almost anything as collateral
  • Competitive interest rates
  • Purchase of new and used items
  • Affordable payment terms suited to your needs

The real question when choosing which type of personal loan to take is whether or not you are willing to put up collateral or how high of an interest rate you want. Consider the decision carefully.

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

Bad Credit Personal Loans in California. 

Early, it was mentioned that in the state of California, those with bad credit can take out a personal loan. But what does it mean to the lenders if you have bad credit? To simply put it, your credit history tells lenders how risky of a borrower you are. Understandably, lenders prefer to loan out money to those who will be able to pay it back in a timely manner.

Fortunately, lenders look at more than your credit score in order to access your riskiness. Here are the other factors that they look for:

  • Employment history: A minimum of 12 months at your current job is a plus.
  • Average household income: Whether you’re employed, retired, or self-employed, verifiable income is key.
  • Financial history: it's preferable to have a responsible banking and financial track record.
  • Credit behavior: having a positive borrowing experience with NO debts.

And even if you are approved for a personal loan with bad credit, your score may influence the amount you receive and the interest rates you have to pay. The table below shows the average APR based on credit scores.

Credit Score

Average Personal Loan APRs

Excellent (720 - 850)

10.3% - 12.5%

Good (680 - 719)

13.5% - 15.5%

Average (640 - 679)

17.8% - 19.9%

Poor (300 - 639)

28.5% - 32.0%

 As you can see, the higher your credit score, the lower your rates will be. If you have an Excellent FICO score (between 720 and 850), you can expect to find raters at about 12% to 10% or even lower.

Those with a Poor FICO score may not get approved for a personal loan. In that case, you may wish to apply for an installment or payday loan instead. The APR is often higher with these options, so be careful.

And don’t worry about a credit check damaging your credit history. While in some cases it is possible, most lenders with do a soft credit check, which won’t affect your history at all. Just be cautious if you plan on taking out a $15000 unsecured loan, for some lenders will do a hard lined inquiry in that case. Overall, there’s little no impact to your credit history with a credit check from a lender.

Personal Loans from Banks and Credit Unions in California.

These places are the traditional way to get loans. However, most people rather apply online or in-store when it comes to taking out a personal loan. There are several reasons that we’ve already mentioned (quick, easy, available for those with bad credit, etc.).

Interesting facts
  • 29% residents of the USA borrow from banks
  • 23% - from credit unions
  • the remaining 48% from online and in-store lenders.

Here are the pros and cons of using a bank or credit union to take out a loan.

Banks

Pros
  • Lower rates.
  • Legal status.
  • Professional service.
Cons
  • Strict eligibility requirements.
  • Need a banking account.
  • You may be charged some additional fees for account maintenance.

Credit Unions

Pros
  • Offer a wide range of financial services, including checking and savings accounts, CDs, retirement funds, and multiple types of loans.
Cons
  • It takes a few weeks to process the application.
  • You need to be a member to get the funds.

Personal loans tend to be popular since they appear to easier to get approved for. The statistics show the least number of denials for this loan type in comparison with the others.

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

Personal Loans under certain economic conditions in California

Not everybody might know that the nickname of California is The Golden State. Its population counts up to 39 776 830 people. Not all of them are aware that their state is famous for : "Being avocado capital of the world and having the biggest number of breast-fed babies". But 10 393 686 CA residents definitely know about the popularity of easy, convenient and legal Personal Loans as they borrow them at least once a year. California produces 14.17% of the US GDP (Gross Domestic Product), which is $2 622 731 mln and puts the state on the 1th place among all the others. A median household income here constitutes $64 500, or $30 441 per capita to compare with the price parity of 86.8 out of 100. These figures prove once again how hard it may be sometimes to make both ends meet with an average weekly wages of $585. Not surprisingly, the poverty rate reaches 16.40%, or 6 253 thousand people, i.e. the 35th position all over the country. No wonder 57% state’s residents are in need of a quick and easy money, which can be applied for in-store or online in the type of Payday, Installment or Personal loan.

You are one of 39,250,000 California residents and need rather high but quick and easy loan available for bad credit and without a guarantor or collateral, think of Personal loans. They are annually applied for by 67% of the employed population. By the way, it’s about 10 256 025 people. Due to a sufficient amount of $5,000 - $35,000 and convenient repayment plan of 6 - 60 months Personal loans may help you to hire a car, pay medical bills, repair a house, etc. It’s legal for any resident of the state over 18 years of age, with a permanent job and a valid bank account. Applying is free and doesn’t affect your credit history, as you can mostly avoid hard credit check.

Thanks to our professional and reliable COMPACOM service, you can compare and choose the best online or in store lender near you ready to deposit money into your account in less than 24 hours. Save time and send immediate request to 300+ lending companies at one time using our free COMPACOM form. Smaller amount Payday loans ($100 - $1,000) and Installment loans ($1,000 - $5,000) are also available. Just choose the amount you need.

Personal Loan requirements in California

California independent lenders have their own individual requirements that must be met, but typical minimum requirements include, but may not be limited to:

  • California, (US) residence
  • Minimum regular income of $1,000 per month
  • Valid checking or savings account with direct deposit
  • Phone number and e-mail address (if applying online, you must be able to be contacted via phone if verification of application information is necessary)
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
  • If applying Online, you must provide a valid Social Security Number
  • If applying at Loan Store, you must bring a valid government issued photo ID. A Social Security Number might not be required
  • If applying in-store, you must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.

Personal Loans in California

All you need to know about Personal Loans in California.

A personal loan is $5,000 - $35,000 cash amount given for 6 - 60 months and paid back in fixed scheduled -usually monthly- repayments. One can get a personal loan in California from a bank, in-store or online. The loan will have fixed repayments and reasonable interest rates from only 2,99%, but with various time frames and different amounts according to the lender’s policy and State regulations. You can calculate the cost of your loan free using our Personal Loan Calculator. Unlike mortgage and auto loans, a personal loan is unsecured, e.g. doesn’t require a guarantor or collateral.

It’s very quick and simple to apply for a Personal Loan:

  1. just fill out a form with the state and e-mail address,
  2. if you are over 18, have a permanent job, income and a valid bank account, you have 98% chance to get instant approval from a direct lender;
  3. receive the money in your bank account less than 24 hours.

Personal loans are very attractive for the majority of borrowers because you don’t need any guarantor or collateral, and you can get it even with a bad or poor FICO score.

Try online bad credit unsecured Personal Loans and make sure that it’s really as easy as ABC: Affordable, Beneficial, Convenient!

How do Personal Loans Work in California comparing to Installment Loans and Payday Loans?

Personal loans in California are $5,000 - $35,000 credit granted for personal use, usually unsecured, backed up only by your ability to pay it back, for 6 – 60 months and repaid in equal installments.

For smaller amount of cash advance apply for a California Installment loan. It’s $1,000 - $5,000 credit borrowed for 6 – 36 months and paid back in equal repayments, usually unsecured and available for those with bad credit score.

In case you need just up to $1000 urgent cash and can repay it in a lump sum with your next paycheck consider California short-term Payday loan. It is characterized by its easiness, speed, availability, even for those with bad credit, or without a credit history.

Payday lending is strongly regulated. Some states restrict or prohibit short-term loans for high costs.

The process of getting a Personal Loan in California is quick and easy both online and in-store:

  1. Fill out a simple application form stating the amount you need, your name and e-mail address;
  2. Get instant decision and approval from one of the best direct lenders;
  3. Read the agreement and if you are satisfied with its terms and conditions sign it;
  4. Get the necessary funds in your account within 1-2 days if you apply online or same day if you go in a store.

Personal Loans vs Installment Loans vs Payday loans.

The key differences between Payday, Installment and Personal loans lie in their amount, repayment terms and rates. It can be seen more vividly in the form of the table:

 

Personal loans

Installment loans

Payday loans

Legal status

legal

legal

Legal in 27 states, with some restrictions in 9 states

Amounts

$5,000 - $35,000

$1,000 - $5,000

$100 - $1,000

Terms

6 - 60 months

6 - 60 months

14-30 days

Repayment

In fixed arranged repayments

In fixed arranged repayments

With a next paycheck

Rates and Fees

4.99% to 450% APR , 5% origination fee

6.63% to 225% APR , 5% origination fee

300%-750% APR, 10-15% fee for every 100$ borrowed

Collateral or guarantor

Not needed in most cases

Not needed

Not needed

As you can see, personal loans are different from installment loans only by the amount you can borrow, with both having the same terms and other conditions. The difference with a payday cash advance is much bigger. It concerns both sums and terms. Payday APR is higher while the repayment period is considerably shorter. It’s up to you to decide how much you need and when you can pay it off. If you are still unsure, we’ll be glad to help you compare all these types of credit and the lenders offering them.

Benefits of California Personal Loans comparing to Installment Loans and Payday cash advance:

Personal loans

  • Up to $35,000 cash in your account within 24 hours
  • Easy to manage fixed payments
  • No collateral
  • No guarantor
  • Suitable for borrowers with a bad credit history
  • Can be used for any of your personal needs.

Installment loans

  • Higher amount than a payday loan
  • Smaller interest rates
  • Easier to pay off in installments over a longer period of time

Payday loans

  • Easy, quick way to get extra cash
  • Short repayment term, possibility to pay it back with the next paycheck
  • Suitable and convenient for emergency expenses

As we can deduce, there are credit types, with their advantages and disadvantages, to suit needs and wishes of any American. The only thing you must do – get information and compare the offers. That’s exactly what our service helps you with. COMPACOM – compare all and choose the best one!

Bad credit Personal Loans in California

Bad credit loan is the type of credit given to California borrowers with a FICO score below 640. You usually need at least 600 to qualify for such a loan. To get money you may turn to credit unions, family, friends, peer-to-peer lending platforms or use online lending service. When choosing an online lender for a bad credit loan, there are important features to take into account:

  • Type of lending company
  • Credit history and general qualifications
  • Co-signer option
  • Additional eligibility criteria
  • Employment requirements
  • Interest rates and fees
  • Loan terms
  • Additional fees and penalties
  • Repayment options

Personal Loans belong to the type of loans available even for bad credit California applicants. Even if your FICO credit score is below 600 you can apply for urgent cash online and expect being approved. Other available cash advance are Payday Loans and Installment Loans. They differ by amounts, terms and rates and this variety gives you a unique chance to get the necessary funds that suit your particular situation.

Applying for a bad credit Personal Loan in California you get up to $35000 cash deposited into your account within 24 hours. Just fill out a simple application form online and get instant approval if you meet the lenders’ basic requirements which typically are:

  • Minimum FICO score of at least 600;
  • Clean credit history; no judgements, liens and bankruptcies on your credit report; and a history of making on-time payments;
  • Stable employment;
  • Proof of identification with a passport, driver’s license or voter’s ID. You’ll also need to provide proof of residence such as a utility bill.

Or consider California Payday Loans and personal loans which are also highly available for borrowers with a bad credit.

Keep in mind that your score can influence the amount you want to take and the interest rate the lender will offer you. The maximum sum for a personal loan is $35000. In any case you need no collateral, no guarantor, no paperwork. No matter whether your credit score is 400, 550, or 600, get the chance to learn more about all the opportunities you have and compare the best lending services you are offered on COMPACOM.com.

Personal Loans No Credit Check in California

Any California borrower, especially the one with bad credit, wants to avoid Credit Check. A no credit check loan is a type of loan in which a lender evaluates your creditworthiness without using a credit report, i.e. without doing an inquiry to any of the three major credit bureaus: Equifax, Experian and TransUnion. No formal review of your credit report allows to avoid affecting the credit history and score.

There do exist the lenders in California ready to provide you with a Personal Loan without doing a hard inquiry. They compensate their risk by higher APR or other fees. If you fill out our compacom form online we’ll send it to more than 300 direct lenders and help you find the one with NO credit check option.

But usually credit check is necessary and useful both for the company and for the borrower. Thus the lender can decide whether to approve you or not and you can ensure that you are able to repay the loan.

Personal Loans with Guaranteed Approval in California

Many California lenders promise you a guaranteed instant approval for a Personal Loan. But be careful, take into account all the risks concerning bad credit cash advance. You should understand that not all the borrowers can be approved. Though Personal Loans are really highly available in California, even for bad credit and with NO credit check sometimes, lenders can’t guarantee 100% approval. If you have no job, very low income, or many debts in the past, your chances to get the money are very low.

The truth is you do get an instant decision from a lender. Especially if you fill out our online application form you save plenty of time and energy and make lending procedure much faster and easier. It takes only several minutes to match you with the necessary lender and get his reply. That’s why Installment Loans are rightly considered guaranteed instant cash advance.

Unsecured Personal Loans in California

All loans sre devided into secured and unsecured depending on whether you back it up with some guarantor or collateral.

Most California Personal Loans are unsecured. The approval for a loan is based solely on your creditworthiness. Online Personal Loans are lent without any collateral, which may be required in case of a mortgage or a car loan to pledge a security for loan repayment. Direct lenders don’t ask you for a guarantor either. You don’t have to feel embarrassed asking friends or relatives to sign up for you. Still you need to be careful and read the agreement carefully before signing as some companies may have different conditions.

Having a bad credit FICO score will not prevent you from getting approved for an unsecured Personal Loan in California. The process is the same and you have high approval chances but be ready to be charged higher interest rates as lenders are likely to offset the risk they take.

Small Personal Loans in California

A small expense of around $5000 may turn out a serious problem if it’s unexpected and you don’t have cash on hand to cover the cost.

A small Personal Loan in California can be a quick, convenient option to pay an immediate expense, like a medical bill or car repair, if you don’t have emergency savings or find alternative ways such as Installment Loans or Payday Loans not suitable.

Officially, “small personal loans” are not defined anyhow but mostly the term is refered to as personal cash advance of $3,000 or less. Direct lenders usually set minimum and maximum amount limits, and what concerns Personal Loan type $3,000 or $5,000 is the minimum sum. We can help you find lenders providing these small Personal Loans, even those which amount up to $1,000.

For this you just need to follow 3 easy steps:

  1. Fill out a free application form. It’s secure and doesn’t affect your credit history.
  2. Get matched with more than 300 direct lenders and receive an instant decision from the most suitable of them.
  3. If you are approved the funds are deposited into your bank account within 1-2 business days.

If you apply online the process is simple and does not depend on your credit. The lenders make decision by verifying your income, employment history, etc.

You can qualify for California Personal loans by meeting the following criteria:

  • being at least 18 years of age
  • living and working in the United States
  • having a bank account under your personal name
  • having a stable income that ensures your ability to make monthly payments to pay off the loan

The most common situations, when a small Personal Loan is the best option, are:

  • short-term financial difficulties that cause a backlog of regular payments.
  • online Personal loans help to overcome “rough spots”.
  • the purchase of goods that are not necessary, but without which it is difficult to do something important in everyday life. For example, sometimes a person needs financial resources for a short trip or buying a car during the college semester if renting a car is difficult or not beneficial.

The advantages of small dollar Personal Loans are:

  • If you have a small Personal Loan, you will not risk losing your home, apartment or the only car. It’s unsecured.
  • You do not risk financial charges for bank overdraft and other forms of overdue payments. A small loan online will save you from bank fines and additional fees.
  • It’s available for bad credit.
  • The amount is not high while the repayment term is rather long which makes the loan really affordable.
  • You can use it for any personal needs.
  • Personal Loans have lower interest than Payday Loans or even Installment Loans.
  • You can save your money using a small Personal Loan for debt consolidation;
  • Personal Loans can even help you to improve the credit sore if you borrow wisely!

Personal Loans from Direct Lenders in California

A direct lender is any California financial institution that can offer you any type of loan directly managing all the lending process themselves without middlemen. Borrowing from a direct lender has its own advantages and disadvantages:

Pros
  • Faster loan processing and approval;
  • It’s easier to solve any issues that might come up;
  • Your personal information won’t be shared or passed to third parties.
Cons
  • If you need to compare several companies, you have to go to each site and fill out an application which takes a lot of time and may turn out not very effective;
  • Applying with a broker or matching service gives you more flexibility and freedom to choose the most suitable loan;
  • With a direct lender it’s harder to get approval for a loan if you have bad credit while a matching service will be able to find you the necessary funds even with the credit score below 600.

When you apply for a Personal Loan from a direct lender in California you:

  1. Go to the lender’s website and read all the information on the necessary loan;
  2. Check the eligibility criteria;
  3. If you suit the criteria and are satisfied with the terms and fees you fill out an application form;
  4. You wait until the lender approves you;
  5. If you are approved, you get the money deposited into your account within 24 hours.

It’s an ideal scenario of borrowing money which happens quite rarely. Usually you need to spend hours surfing the net and choosing a suitable offer. We can make this process quicker and simpler.

We provide you with a network of California direct lenders with detailed description of each of them. You just fill out our free compacom form and get immediately matched with the best lenders. It doesn’t make your loan more expensive. Just on the contrary, you can find the cheapest rates and fees offered by direct lenders. Besides, we ensure that all of our partners are licensed companies who work legally and keep your personal information and financial data secure.

The Economic Condition of California

Most people probably don’t know that California’s state motto is “Eureka!”, which is Greek for “I have found it!”, something usually associated with the story of Archimedes’ discovery of buoyancy, and not the state that is the home of Hollywood. What people do know is what the state is famous for: Hollywood, The Golden Gate Bridge, Los Angeles, Silicon Valley, and several other things. The state has a population of 39.54 million people. About 34% of the population takes out personal loans, speaking to the ease, convenience, and legality of personal loans.

California accounts for 14% of the US GDP and has an $2.6 trillion economy, putting the state at number one in rankings, followed states such as Texas and New York. In fact, California outranks several countries and is the six largest economy in the world.

California has the largest economy in the United States and, in 1997, was the first state to reach the trillion-dollar benchmark in gross state product. In 2012, California was ranked the ninth largest economy in the world.

The median household income is $63, 909 (or $31, 458 per capita) with a price parity ranking of 113.4 out of 100. The average weekly wage is around $1,206.92. Yet, the poverty rate reaches 19% (about 7.5 million people), which makes it one of the states with the highest poverty in the nation (it ties with Florida and Louisiana for the number one spot). This is mostly due to the ever-increasing rent prices along with the fact that wage earnings are not increasing with them. No wonder 34% of the population needs quick and easy money, which can be applied for online or in-store as payday, installment, or personal types of loans.

Requirements for qualifying for a personal loan:

Independent lenders have their own individual requirements that must be met, but typical minimum requirements include but may not be limited to:

  • California (US) residency
  • Minimum regular income of $1,000 per month
  • Valid checking or savings account with direct deposit
  • Phone number and e-mail address (if applying online, you must be able to be contacted via phone if verification of application information is necessary)
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps, or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
  • If applying online, you must provide a valid Social Security Number
  • If applying at a loan store, you must bring a valid government issued photo ID. A Social Security Number may not be required
  • If applying in-store, you must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.

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