Get a No Collateral Loan

no collateral loan

A loan without collateral is a great way to deal with emergency financial situations. When you need money urgently and you either do not have or do not want to put some assets against the loan, you should really consider no collateral loans.

Personal loans with no collateral are also called unsecured loans. Less risk, fast money.

3 Steps to Get Money Online


Fill out the Application

  • short and easy application
  • safe & secure

Obtain Fast Approval

  • up to 60 seconds
  • big choice of lenders

Check Your Account

  • as soon as the next day
  • money into bank account

Qualify for the Personal Loans with no Collateral

There are no special requirements for these small loans from $1000 and up to $5000. The requirements are basically the same for emergency loans and for personal loans when no collateral is required. To get the loan you need to be the citizen of the US, Canada or the United Kingdom (make sure to use the country choice if you are not from the US). Your age has to be 18+. You need to have a steady source of income. Our application requires you putting your employer’s contacts. You also need to have a valid bank account.

As you can see, there is not much you need to qualify for this personal loan. And one more thing: borrowers worry a lot about their credit score. At Personal Money Service customers apply with bad, fair and good credit scores. The better the score, the better the rate you will get. Even though we can’t guarantee that people with bad credit score will be approved for the loan 100%, we encourage everyone to submit the application. We extend the database of the online lenders we work with every month which let us offer more loan options for people with different credit history and credit ratings.

No Collateral = No Problem

No one is ever ready to risk their personal or business assets in case we were to speak of unsecured business loans as well. Personal loans without collateral let you sleep tight at night. However, we want to let you know that everything comes with a price. Since the lender risks his own money, he needs to have something in return. In this case – higher interest rate. Yes, an unsecured personal loan that is not backed with any collateral usually comes with higher interest rate than the secured personal loans.

So there is always a choice. Both options are very convenient depending on the current situation of the borrower. Personal Money Service encourages the borrowers to be responsible when it comes to borrowing money for a short or for a long term. But the truth is – with no collateral loans you do not have to risk anything.