Frequently Asked Questions

Some frequently asked questions about obtaining a loan without a credit check:

I have been working for my employer for less than a year. I have a good job, but want to know if it looks like I will qualify before I actually enter my information.

You shouldn’t need to worry about qualifying for loans in your circumstance. While it is true that all loans require some form of indication that the borrower is able to repay that loan, your income and your time at your job will likely qualify you. If you have been working for your employer for several weeks only and have had credit troubles, then you may still have options, but there may be fewer of them when you complete the application process.

How long does it take to get qualified? I had car trouble and need to get it fixed as soon as possible.

Not long at all. With the wonders of computer validation, you could be qualified and receiving the money that you requested within the same day, which is truly one of the most exciting things for us to see, because it means that you will be able to meet whatever financial commitment that you needed to meet.

What is the application process like?

It is quite straight forward really. You choose how much money that you will be borrowing and then provide some details about yourself by filling in an application. The type of information that you will need is: your work details, your bank account information and some personal information. After submitting your application, you will see if you qualify quickly. If you are accepted by certain lenders the money you require could be in your bank account in less than an hour

Is it really possible to complete the entire process online without having to come into a store?

Yes. Nice, isn’t it. Many lenders will want you to come in or contact them via the telephone so that they can verify your details. With Cobra Loans, there is no such obligation. We use the latest technology online to create a process that is so streamlined that it is easy for anyone to use to get a loan if they qualify.

How do I make payments after I have received my loan?

If you have a loan request accepted with any of our lenders they will make it very clear how to repay the loan. Once you have been accepted you be be re-directed to the lender’s own page where full details of the next steps will be clear.