Get Out of a Bind with an $800 Loan
Many times, all a person needs is an $800 loan to overcome a simple but unforeseen expense. Not only can we at Financer help connect you with a loan for $800 right now, but we can answer every single question you might have about $800 loans, allow us to explain.
Payday loans are loans that allow you to borrow funds ahead of your next payday and pay the loan back after you receive your paycheck. The loans are very short term, which makes them a useful financial tool because it means you aren’t going into long-term debt. Instead, you’re able to resolve a temporary financial issue quickly, reducing your stress level and helping you move past the situation.
Your other options are installment loans. Installment loans are loans that are broken up between several more smaller but manageable monthly payments. With an installment loan for $800, most lenders will finance you over 3 months for a loan like this.
Where Can I Get an $800 Right Now?
Financer.com has taken a ton of the heavy lifting out of the way. Use our loan comparison tool right at the top of the page right now to find a loan that is best suited for you and your current situation.
Getting an $800 Payday Loan Is Easy
It is really simple to get an $800 payday loan quickly. Begin the process by comparing loan companies and their product offerings here on Financer.com and be confident you’re getting the best deal.
The following is the typical process for getting a loan for $800 from a payday loan company:
- Search for a company that offers $800 payday loans.
- Fill out the preliminary online application.
- If approved, the lender will ask for additional personal and financial information.
- Provide the information and documentation requested.
- Provide your bank account information, including your routing and account numbers.
- Money is deposited into your account within 24 hours.
- Pay back the loan on the designated date via automatic debit from your bank account, including interest and any fees.
But Can I Get an $800 Installment Loan Online?
Of course! The beauty of installment loans vs payday loans is while payday loans typically require you to pay the amount owed back in full within traditionally 2 weeks, installment loans are loans you can break up between several months equal payments.
We have a variety of lenders above that can help you with this very goal! Check our comparison tool above to find rates and terms that fit the best for your unique situation.
How Fast Can I Get Approved?
Whether you get an installment loan or whether you get a payday loan online, you can actually expect fast turn around time in both of these situations.
Generally speaking, as long as you have a good credit history some lenders may approve of you instantly and you can then see your funds in your bank account within 24 hours. This is a very viable solution for most people because banks typically will have a process that can take more time than you’d expect. Furthermore, with our list of online lenders, you can get approved over the weekends or any hours when banks aren’t traditionally open.
By the way, as we’ve mentioned most traditional financial institutes like banks or credit unions typically have a loan minimum amount; meaning that you may have to take a loan for $2,000, even if all you need is $800. This can be frustrating to people who don’t want to pay additional interest on loans, are for whatever reason don’t want to have a $2,000 loan revolving on their credit report.
If you feel like you need $800 now, your best options very well could be a payday loan or an installment loan.
$800 Loans No Credit Check
For the most part, any time you take an installment loan, a lender will pull your credit report to see if you are eligible. With the amount being so low, its actually a bit more of a formality than it is a serious investigation into your creditworthiness.
However, if you feel like credit is going to be a major issue in determining whether or not you will get approved, the payday loan option may be the best option for you. The reason for this is because payday loans generally do a soft pull on your credit report or a pull that doesn’t get reported to your credit bureaus.
Furthermore, a lot of payday loan websites also are generous with their approval rates, even if you are utilizing a lot of your current credit. Be wary in general however, as late fees for failing to pay back the amount you owe on your payday loan can rack up too quickly for most people to handle!
Details to Keep in Mind
You should know that an $800 payday loan is going to come with a very high-interest rate and some fees for completing the transaction. This interest rate isn’t your typical loan rate, it’s much higher because of the short term of the loan. This total amount, including interest and fees, is deducted from your bank account on your next payday.
To avoid paying too much for your payday loan, we recommend that you always compare loan rates here on Financer.com before filling out any applications.
You should also know that your bank account has to be in good standing when you sign up. Your bank account may also have to be a certain age to participate. Overall, the loans are easy to get when you meet the few requirements that payday loan companies have.