MZ logo

Get a Loan Fast!

How much do you need?


For how many months?


I read and agree to Privacy Policy, Terms, Rates, Lending Practices and Marketing Practices before submitting a loan request.

  • Quick, easy and secure!
  • Bad credit is considered
  • Loans with no credit check*
  • No upfront or hidden fees

How to Get Online Loans in 2023 with MoneyZap?

Frank Glemstone
Frank Glemstone

Frank Glemstone is MoneyZap's authority on personal loans. He has been a writer and editor at the MoneyZap content team since 2021. Graduated from Texas A&M University with the Master's program in Economics Sciences. Throughout his career, Frank has achieved the Springeropen award nominee for Financial Innovation and won a SABEW award for outstanding knowledge in finance. Frank now lives with his beloved wife and son in Jackson, Mississippi.

MoneyZap online loans, put simply, allows you to complete the entire borrowing process by submitting an application from any device. Rather than visiting a traditional bank, online lending provides an alternative means of acquiring the loan you need. People often call many online lenders because they offer an alternative to traditional banks. In the past, the term "credit" has been used to refer to credit unions, government loans, and other forms of credit that are similar to bank loans but don't come from banks. 

moneyzap 100 dollar loan

These types of online and easy loans are now part of what is called the legit loan market. They have the same terms, are approved by the same standards, and are regulated in the same way.

What Are the Advantages of MoneyZap?

Because of the service it offers, MoneyZap has been a great help to our customers. All of our online personal loans have equal monthly repayment terms, so you can fit them into your budget and don't have to worry about getting stuck in a cycle of debt or late payments. This helps when you have problems and want to talk to someone in person. 

We're proud as a legit loan company to offer our customers the best customer service team in the area. We pay close attention to what you need so that you don't have to worry about getting credit. You can count on MoneyZap's customer service to be the same as it was when we first met. We're experts at taking care of all your money needs.

What Are Pros and Cons of Online Loans?

Weighing the advantages and disadvantages of each choice is essential when deciding between an online lender or a bank/credit union. Different online lenders may offer different features, but here's what online loans offer:


  • Fast funding. Many online lenders can give you a small personal loan the same day or the next day after you are approved.
  • Lump sum. When you get approved for a personal loan, you get the money all at once. You don't have to remember a credit limit or draw period.
  • Fixed payments. With a personal loan, your monthly payment stays the same because the interest rate is fixed.
  • No collateral. Most online personal loans are unsecured, which means you don't need collateral (like a house or car) to get one. If you don't pay back the loan, the lender can't take any of your things, but it will hurt your credit score.


  • Approval is based on income and credit score. Approval is based on how good your credit history is and how much money you have. Borrowers with short credit histories, low scores, or low incomes usually get higher rates, and some may not qualify at all.
  • High costs. When compared to other ways to borrow money, personal loan rates can be high, especially for people with low incomes and credit scores. Still, these online loans have lower rates than payday loans.
  • Possible fees at the beginning. Some online lenders charge an origination fee of 1% to 10% of the loan amount. This fee is taken out of the loan amount before the money is sent to you. If a lender charges this fee, make sure the final loan amount is enough to cover the cost.

Are Online Loans with Money Zap Safe?

Getting a personal loan online is just as safe as getting one from a traditional bank, as long as the lender has a secure website and a good reputation. Before giving out personal information online, people who want to borrow money online can check that the lender has an up-to-date SSL certificate and that all data is encrypted to keep it safe. 

Applicants can also read reviews and see what complaints agencies like the Consumer Financial Protection Bureau have received about lenders.

How to Get an Online Personal Loan?

Although the application processes for online personal loans are unique to specific lenders, they generally follow a similar path in terms of information required and underwriting procedures. Follow these basic steps to apply for a personal loan online:

  • Fill Out an Application Online. Go to the lender's website and start an online application by giving them details about your job and income, your Social Security number, the reason you want the loan, and how much you want to borrow. Depending on the lender, you may need to pre-qualify to find out what rate you might get. This doesn't usually require a hard credit check.
  • Review the Loan Offer and Decide If You Want to Take It. Some online lenders give you more than one loan offer based on the information you gave them during pre-qualification. After pre-qualifying, choose a loan offer that fits your needs to move forward with your application and verification.
  • Wait for the Check and Approval. Once you pick a loan offer, the lender will look at your application in more detail and start the verification process. Most of the time, a lender will do a hard credit inquiry at this point. A negative impact to your credit report and score may result from this. You might have to show more proof of your income and job to get the loan.
  • Receive Money. Once your loan application has been approved, the lender will send the money to the account you listed on your application or directly to your creditors. Depending on the lender, the money could be in your account as soon as the same business day. With other lenders, it could take the next business day before the money is in your account. From there, most lenders let customers manage their accounts through an online portal or a mobile app.

What Is the Easiest Loan to Get Approved for Online?

Payday loans, personal loans, and personal loans with no credit check are the easiest online loans to get. People with bad credit can get these kinds of online loans because they offer quick money and have few requirements. Most of the time, they're also very expensive. Know more about them:

  • No Credit Check Loans. A loan that doesn't check your credit is the easiest to get, but it might not be the best choice for everyone. Most of the time, online loans with no credit check cost a lot more than loans from lenders who check your credit.
  • Secured Personal Loan. Secured personal loans are easy to get because you have to put up something as collateral that the lender can take if you don't pay back the loan. This makes it less risky for the lender, so the approval criteria aren't too hard to meet.
  • Payday Loans. A payday loan is a small dollar loan that you pay back with your next paycheck. But payday loans are very expensive compared to regular personal loans, so you shouldn't get one unless you have no other choice.

How to Compare Online Loans?

Here are the most important things to look for in a small loan.

  1. APR: The best way to compare loan charges is by an annual percentage rate. Low-cost loans have the lowest APR.
  2. Payments: Examine your budget to see if you can repay a loan. A personal loan calculator can help you determine the interest rate and loan length needed to make monthly payments manageable.
  3. Choose a term: Online loans might be repaid in weeks or months, or over a year. Choosing a date lowers your payments but pays off your debt promptly to save on interest.
  4. Requirements: Some lenders favor clients with excellent credit and a consistent income, while others work with those with lower ratings. See if you meet a lender's borrowing requirements.
  5. Duration: Depending on the lender and how fast the application works, a loan can be granted and the money was given to the borrower in a few days to a week. Choose a fast-lending lender if you need money fast.

How to Qualify for an Online Loan with Bad Credit with Money Zap?

If your credit score is 629 or lower, you may still be able to get bad credit loans from a credit union or a reputable online lender, but your rate could be on the high end of the lender's range.

Here are some things you can do to improve your chances:

  1. Add a co-signer who has excellent credit or more money than you do. A co-signer won't have access to the loan money or know how much you're paying back, but they will be responsible if you don't pay it back.
  2. Get credit check online loans with someone who has excellent credit scores or a higher income than you do. Co-borrowers both have to pay back the loan and have equal access to the money and information about payments.
  3. Choose a lender that gives personal loans with collateral. Most lenders will let you use your car or bank account as collateral.

Comparing Online Personal Loan Lenders

When comparing most online lenders for online loans, it is important to consider the following factors: APR range, loan amounts, loan terms, ease of application, funding speed, lender reputation, and customer service. APRs range from 2% to 35% or higher, with the best rates going to people who have excellent credit scores. Loan amounts can range from $300 to $100,000, and loan terms can last between 12 and 60 months. Loan terms can be longer or more flexible than others, so choose a lender with terms that fit your budget. 

Funding speed can vary depending on the lender, so compare loan options based on how long it usually takes to get the money to you. Lender reputation can tell you a lot about how long it takes to get approved, how good the lender's customer service is, and whether average borrowers can actually get competitive rates.

What Are the Requirements to Apply for an Online Personal Loan?

Filling out our loan application is the first thing you need to do if you want to apply online for a loan with MoneyZap online loan company. To qualify for a loan product offered through MoneyZap, prospective borrowers need to meet the following requirements:

  • You must be at least 18 years old.
  • Make sure you have a bank account (checking account or saving account)
  • You must be a resident of one of the states in the United States.
  • Having a reliable source of income (regular income can come from working or from benefits such as Social Security, Disability, or any number of other programs.) Note the following: It is up to you whether or not you include income from alimony, child support, or separate maintenance.
  • Deposits of your salary are made directly into your account.

Why Should You Apply for an Online Loan?

When you need to purchase something that you can’t afford, applying for a loan can be a great option. Online loans services can help you achieve your financial needs by allowing you to purchase items that you couldn’t otherwise afford. Borrowing money can help you manage cash flow, expand your business, and make large purchases. It can also help you manage any unexpected expenses that may arise. 

Applying for a loan can be a great way to get the money you need quickly. With some lenders, you can receive an approval decision within minutes, and the funds are usually deposited into your bank account shortly thereafter. 

You can also benefit from competitive interest rates and flexible repayment terms, which can make it easier to pay off your loan. Additionally, many lenders offer additional features, such as loan protection plans and online payments, that can make it even easier to manage your loan.

What Are the Benefits of Getting an Online Loan?

In the same way that a conventional loan can offer fast cash when it's needed the most, an online personal loan can do the same thing. But, obtaining a loan through an online lender has several advantages versus borrowing from a lender with a physical location. The following is a list of the primary advantages of obtaining a loan online are the best best loan places:

  • Ability to pre-qualify for a rate easily and swiftly without requiring a thorough investigation of credit history
  • User-friendly application process that can be completed online
  • Less rigorous qualification criteria
  • Costs and charges that are competitive
  • Quicker turnaround times for both approval and funding

Can I Get a Personal Loan Online Instantly?

When you apply for online loans on the internet, many lenders will give you an answer right away if you qualify. But being approved for a loan right away doesn't mean that you can get the money right away.

Once you meet the requirements for a loan, the lender may ask you to take some extra steps. For example, you might have to send proof of who you are and how much money you make. Some lenders offer next-day or even same-day loan disbursement, but the time it takes to get your loan depends on many things, like how quickly the lender can verify your information and how long it takes your own bank to process the loan.