When unexpected expenses arise—a car repair, medical bill, or urgent home fix—a $700 loan can be the lifeline you need. Whether you’re dealing with an emergency or simply bridging a temporary gap until payday, finding the right loan quickly matters.

We’re a loan matching service that connects borrowers with a network of trusted lenders. We don’t lend money directly, but we make it easier to find lenders who may approve your application, even if your credit isn’t perfect.

How to Get a $700 Loan: Step-by-Step Process

Getting matched with a lender for your $700 loan is straightforward when you use our service. Here’s exactly how it works:

Why Choose Our Loan Matching Service?

Finding the right lender shouldn’t be complicated. Here’s what sets our service apart:

Eligibility Criteria for a $700 Loan

While each lender has specific requirements, most lenders in our network look for these basic qualifications:

• Age: Must be at least 18 years old (19 or 21 in some states)
• Citizenship: U.S. citizen or permanent resident
• Income: Verifiable source of regular income (employment, benefits, or self-employment)
• Bank Account: Active checking account in your name
• Contact Information: Valid phone number and email address
• Identification: Valid government-issued ID

Some lenders may have additional requirements, such as minimum income thresholds or employment duration. Requirements vary by lender, so even if you don’t meet every criterion, you may still find a willing lender in our network.

How Fast Can You Get a $700 Loan?

Speed is often critical when you need emergency cash. Here’s what to realistically expect:

Important note: Weekends and holidays can delay funding. If you apply Friday afternoon, you’ll likely receive funds on Monday or Tuesday.

Best Loan Types for $700

Several loan types can work for a $700 loan amount. Understanding your options helps you choose the right fit:

Payday Loans

How they work: Short-term loans typically due on your next payday, usually within 2-4 weeks.

Pros: Quick approval, minimal requirements, accessible to bad credit borrowers.

Cons: Very high APRs (often 300-400%), short repayment period can be difficult to meet, risk of debt cycle.

Installment Loans

How they work: Loans repaid over several months in fixed, scheduled payments.

Pros: More manageable repayment schedule, lower APRs than payday loans, builds payment history.

Cons: May have origination fees, longer approval process than payday loans.

Personal Loans

How they work: Unsecured loans with fixed rates and terms, typically from banks, credit unions, or online lenders.

Pros: Competitive rates for qualified borrowers, flexible terms, can be used for any purpose.

Cons: May require good credit for best rates, longer application process.

Title Loans

How they work: Secured loans using your vehicle title as collateral.

Pros: Can get approved with bad credit, quick funding.

Cons: Risk losing your vehicle if you default, very high interest rates, requires clear vehicle title.

Emergency Loans

How they work: Fast-approval loans designed for urgent financial needs.

Pros: Quick processing, flexible eligibility, available 24/7 online.

Cons: May have higher rates due to convenience and speed.

Getting a $700 Loan with Bad Credit

A low credit score doesn’t automatically disqualify you. Many lenders in our network specialize in working with borrowers who have:

• Credit scores below 600
• Past bankruptcies or foreclosures
• Recent late payments
• Limited credit history
• High debt-to-income ratios

What lenders look for beyond credit scores:

Tips to improve approval chances with bad credit:

• Apply for only what you need—smaller amounts are easier to approve
• Provide accurate, complete information on your application
• Have recent pay stubs or bank statements ready
• Consider a co-signer if available
• Be honest about your financial situation

Is a No Credit Check $700 Loan Possible?

Let’s be honest: true “no credit check” loans are rare and often not in your best interest. Here’s what you need to know:

Alternatives to consider:

• Soft Credit Check Lenders: These lenders review your credit without impacting your score during the initial inquiry
• Alternative Data Lenders: Use banking data, employment history, and other factors instead of traditional credit scores
• Credit Union Loans: Often more flexible with credit requirements for members
• Secured Loans: Using collateral may reduce the emphasis on credit checks

Beware of lenders advertising “guaranteed approval” or “no credit check whatsoever”—these may be predatory lenders with extremely high fees and unfavorable terms.

Other Loan Amounts Available

Need a different amount? We can help you find lenders for various loan amounts:

• $50 Loan
• $100 Loan
• $200 Loan
• $300 Loan
• $400 Loan
• $500 Loan
• $600 Loan
• $800 Loan
• $900 Loan
• $1000 Loan
• $1500 Loan
• $2000 Loan
• $3000 Loan
• $4000 Loan
• $5000 Loan
• $6000 Loan
• $7000 Loan
• $8000 Loan
• $9000 Loan
• $10000 Loan
• $15000 Loan
• $20000 Loan
• $25000 Loan
• $30000 Loan
• $35000 Loan

Understanding Rates, Terms, and Costs

Before accepting any $700 loan, understand exactly what you’ll pay. Here’s a breakdown of common costs:

Annual Percentage Rate (APR)

APR represents the yearly cost of the loan, including interest and fees. For a $700 loan:

• Payday loans: 300-400% APR (or higher)
• Installment loans: 36-200% APR depending on credit and lender
• Personal loans: 6-36% APR for qualified borrowers
• Title loans: 100-300% APR

Common Fees

• Origination Fees: 1-8% of loan amount, deducted from your proceeds
• Finance Charges: Fixed fees for short-term loans (e.g., $15-$30 per $100 borrowed)
• Late Payment Fees: $15-$50 if you miss a payment
• NSF Fees: $20-$40 if a payment bounces
• Prepayment Penalties: Some lenders charge for early payoff (always ask)

Repayment Terms

Terms vary significantly by loan type:

• Payday loans: 14-30 days (single payment)
• Installment loans: 3-24 months (multiple payments)
• Personal loans: 12-60 months (monthly payments)

Responsible Borrowing Practices

A $700 loan can solve an immediate problem, but it’s important to borrow responsibly:

• Borrow only what you need and can realistically repay
• Understand the total cost including all fees and interest
• Have a repayment plan before accepting the loan
• Avoid rollovers or extensions which add significant costs
• Consider alternatives like payment plans with creditors, borrowing from family, or side income
• Read all documents carefully and keep copies for your records
• Contact your lender immediately if you anticipate difficulty making a payment