How Can I Get A $800 Loan?

If you don’t have the cash to cover an unexpected $800 expense, a personal loan might be a solution to get you through your short-term need. But since most personal loans start at around $2,000, finding a lender willing to issue an $800 might be a challenge.

We’ve done the research for you and have identified 10 lenders that offer $800 loans. Some of the lenders work with borrowers with low or no credit scores, and some offer same-day approvals and funding.

10 Best Ways To Get an $800 Loan

These 10 lenders offer $800 loans that can help you cover expenses like an unexpected bill or a house or vehicle repair.

Navy Federal Credit Union

• Loan type: Interest-based personal loans

• Amount range: $250 to $50,000

• Credit check: NFCU bases approval on factors like your credit history and income, but doesn’t specify a minimum credit score or how credit checks are performed.

Only NFCU members are eligible to apply for a personal loan. Membership is limited to active duty military, veterans, Department of Defense employees and their immediate family members.

Premier America Credit Union

• Loan type: Easy Cash interest-based personal loans

• Amount range: Up to $2,000

• Credit check: There’s no credit check, and your credit score doesn’t affect your approval

You’ll need to repay this smaller loan in 12 months of fixed payments. Only Premier America Credit Union members can apply, and you’ll need to have online banking access. The loan application process is fast, involving five clicks and taking about two minutes to complete.

Emprise Bank

• Loan type: Short-term CashPlease loans

• Amount range: Up to $875

• Credit check: There’s no credit check required to apply, and Emprise Bank evaluates borrowers based on their ability to repay the loan, not their credit score.

These small loans are processed quickly and borrowers normally receive their direct deposit within 24 hours of being approved. To apply, you must have had an Emprise Bank account for at least 140 days.

MoneyLion Credit Builder Plus

• Loan type: Credit builder loans through Credit Builder Plus membership

• Amount range: Up to $1,000

• Credit check: A soft credit check is performed but won’t affect your score. Since the program is designed to help build credit, you don’t need good credit to qualify.

The Credit Builder Plus membership costs $19.99 per month, and you must be a member to get access to credit building tools including the loan. You also need a checking or spending account that’s at least 60 days old. Unlike other loans, this loan is secured, meaning you could get only a portion of the funds upfront if approved and the rest or all of the funds will be kept in a reserve account earning you interest. The funds will be released once you make your final payment.

Opportun

• Loan type: Interest-based personal loans

• Amount range: $300 to $10,000, or $2,525 to $18,500 for loans secured with a car title

• Credit check: At prequalification, Opportun performs a soft credit inquiry. A hard inquiry is performed only when you submit a formal application.

Opportun has options for borrowers with poor credit history and offers numerous payment plans. The lender allows cosigners, might approve borrowers who have faced bankruptcy, and allows you to use a vehicle to secure your loan.

Uprova

• Loan type: Interest-based personal loans

• Amount range: $300 to $5,000

• Credit check: According to Uprova, applying for a loan won’t affect your FICO credit score. Loan payments that you make are reported to credit bureaus, so your payment performance can impact your credit score.

Uprova works with borrowers with poor or excellent credit. When you apply online, you can receive approval quickly, and borrowers typically receive funds within 30 minutes of being approved. There are no application fees, and you can choose to pay your loan early with no penalty.

Quick2Lend

• Loan type: Interest-based personal loans

• Amount range: $250 to $3,000

• Credit check: Quick2Lend doesn’t specify its credit check process, but indicates that it welcomes borrowers with all credit scores.

Quick2Lend is a fast lending solution, approving applications within three minutes and often issuing direct deposit within 15 minutes after an application is approved. Loan terms range from 3 to 36 months.

Wise Loan

• Loan type: Interest-based installment loans

• Amount range: First-time borrowers can apply for $200 to $1,500. Loan minimums for first-time borrowers are $601 and $500 in South Carolina and Mississippi, respectively. Returning borrowers may apply for up to $3,500.

• Credit check: Wise Loan doesn’t specify credit check policies, but states that borrowers may qualify, regardless of their credit score.

If you apply for a loan and quickly discover you don’t need the money, you can return the funds within three days and avoid paying any fees. Funds are issued quickly, and if you apply by 11:00 am CST, you may receive your loan on the same day. You’ll need a checking account, a steady source of income, and a working phone number and email address to apply.

Spotloan

• Loan type: Interest-based installment loans

• Amount range: $300 to $800

• Credit check: Spotloan performs a credit check, so applying for a loan can impact your credit score. According to Spotloan, applicants who have bad or no credit may still be approved for a loan.

Loan repayment terms are up to 10 months, which is shorter than terms offered by some other lenders. If you accept your terms before 1:30 pm CT on Monday through Friday, you can receive your funds by direct deposit by the end of the day. Once you’ve borrowed 10 or more loans, you can apply for a loan of up to $1,500.

Afterpay

• Loan type: No-interest loan (when used for purchases from partner brands)

• Amount range: Not specified, but can be increased to up to $2,500 per transaction once you establish a repayment history

• Credit check: A soft credit check performed when you initially sign up won’t impact your credit score

With Afterpay, you can split retail purchases into four payments, so it works as a short-term loan. As long as you make the purchase from a partner brand, you won’t pay interest if you make all your payments on time. If you make a purchase from a retailer that isn’t an Afterpay partner, you’ll make an initial payment and will pay interest on the remaining three payments.

How To Get $800 Fast

Lenders like Quick2Lend and Uprova offer some of the fastest funding options, since they can process applications and transfer your funds the same day. Signing up for direct deposit will make the process as fast as possible.

When the pressure is on to get money as fast as possible, you might feel like you need to rush into a funding solution, but that can be an expensive mistake. Take the time to read and understand the terms of any loan you’re considering before you accept the funds.

What To Consider Before You Get an $800 Loan

An $800 loan can help you quickly get the money you need, but it’s not necessarily always the best solution. Before taking out a loan, consider how much you’ll end up repaying. Interest rates on loans can be high, especially if you have a poor credit score or no credit history, so that $800 might end up costing you well over $1,000 by the time it’s repaid.

Carefully review the loan terms for fees. If you miss payments, you could pay extra late fees, and some lenders charge loan origination fees, too. Paying the loan back early can help you save on your interest, but verify if there’s an early repayment fee which might negate those savings.

Make sure that the loan repayment terms work for your financial situation. Some lenders give you just a few months to repay smaller loans, while others offer longer terms. You should be able to comfortably meet the repayment schedule, since missed payments can negatively impact your credit score and can result in extra fees.

Alternatives To a Small Loan

Small loans aren’t your only option if you need $800 for an expense. Some other alternatives can help you quickly get cash so you’re able to get through without some of the downsides of a loan:

0% APR Credit Cards

A 0% APR credit card may be an option if you have good or excellent credit. These cards feature 0% APR introductory periods, so if you pay off your balance in full during that period, you won’t pay interest on your charges. Carefully review the card terms to make sure there aren’t any annual charges and you know exactly when the introductory period ends, since interest rates can be high after that period.

Bill Negotiation

If you need $800 to cover an unexpected bill, try contacting the billing company to see if you can negotiate your bill. Some companies will work with you if you can pay part of your bill but need more time to pay the remaining balance. You may be able to pay the rest off in a month, which would give you more time to come up with the money and avoid taking out a loan.

Earned Wage Access (EWA)

EWA is a financial tool that can help you get an advance on the money you’ve already earned. Your employer may offer EWA, or you can use an app to receive a portion of your next paycheck now, so you can use it to cover your $800 expense. You won’t pay interest on the advance, and it will be repaid out of your next paycheck, so it’s a low-cost way to access the funds you need now.

Borrow From Family or a Friend

You may be able to borrow $800 from family members or friends, but do so with caution. Borrowing money can quickly strain relationships if you’re not able to promptly pay it back. Asking for money can also put family and friends in a tough spot, so think carefully about whether this is the right route for you.

If possible, it’s best to avoid having to go into any sort of debt to cover an unexpected expense. Once you’ve paid back your loan, work on building up an emergency fund. Ideally, the fund should have three to six months of your living expenses in it, so if you ever lose a job or face a major bill, you can cover it without debt.