could someone help?

Question

ok i wanted to know how could i get a personal loan without a checking account or can a loan be sent through the mail

Answer 1

I believe most banks will require you to have a checking account as a requirement for a loan. I think it's basically there to make sure you do have some money. The bank may verify that you have the means to pay back the money.

I received an Auto Loan from a bank, they sent the check through the mail but it was written out to the car dealer.

You should call the bank up without providing any specific personal information and just ask them if you apply for a personal loan without a checking account would they be able to send it to you in check form.

My thoughts are no, it's more of a risk for the bank, but I could be wrong.

Answer 2

A checking account gives the loan officer a clue as to how financially responsible you are. Without a checking account there is no sure way of collecting. The only type of loan you get without a checking account is a payday loan (legal loan sharking) or First Bank of Mom and Dad.

Answer 3

You do not have to have a checking account with a bank in order to be approved for a loan. You have to have good credit and the income to back it up. The bank will use your paystubs and/or
W-2's in order to verify your income. Your credit report will show your willingness to repay the loan as well as where the majority of your income goes.

Answer 4

Most banks want you to open a checking account or savings account. I would suggest you go into a lending institution and see what they require. You could always have someone co-sign for you.

Answer 5

Go to one of those stand alone CitiFinancial or Beneficial storefronts. They both can give out higher amounts (I think up to $5k) than a regular paycheck advancing place.