What loans are available for people with no credit?

Money247.com offers income-only personal loans with no minimum credit score — bank deposit history is the only criteria. Also available: secured loans using a savings account as collateral, and credit builder loans that establish credit while you borrow. Apply free — soft check only, zero score impact.

How do I build credit while getting a loan with no credit?

A personal installment loan from Money247.com reports to all 3 credit bureaus monthly. Every on-time payment builds your credit history from zero. Most borrowers with no credit history establish a meaningful credit score within 6 to 12 months of consistent payments.

Loans for People With No Credit 2026 — Income-Only Options

Last updated: · Reviewed by Money247 Editorial Team

✅ Quick Answer — Yes, Loans Are Available With No Credit

Income-only lenders at Money247.com approve loans based entirely on bank deposit history — no credit score required, no minimum score, no credit history needed. Regular income deposits to a US bank account are the only criteria. Apply free in 2 minutes — soft check only, same-day deposit available.

Having no credit history is not the same as having bad credit. Bad credit means a history of missed payments. No credit means you simply have not borrowed before — you are a blank slate. Income-only lenders see this very differently from bad credit. Bank deposit consistency is what matters. If money hits your account regularly you qualify.

Who Has No Credit History?

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Young adults — first time borrowing

✓ Income-only available

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New immigrants to the US

✓ US bank deposits qualify

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Cash-only households — never used credit

✓ Income deposits qualify

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Credit history too old — inactive accounts

✓ Income-only available

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Anyone with regular US bank deposits

✓ Qualifies for income-only

Best Loan Options for No Credit — Ranked

Income-Only Personal Loan — Money247.com

No credit score. No minimum score. Bank deposit history is the only criteria. Any regular income deposits qualify — employment, gig work, benefits, Social Security. Same-day deposit. Soft check only. Also reports to all 3 bureaus — builds your credit score from zero with every payment.

✓ Best — no score needed, builds credit, same-day cash

Secured Personal Loan

Use a savings account as collateral. Your deposit secures the loan — lender has zero risk so credit score is irrelevant. Good rates. Requires having savings to pledge.

✓ Good — if you have savings to secure it

Credit Builder Loan

Designed specifically for no credit history borrowers. You make payments into a locked account and receive the balance at the end. No immediate cash but builds a credit score over 12 months.

OK — good for building credit, not for immediate cash needs

Key Facts

NoneMinimum credit score for income-only lenders

BankDeposits — the only criteria required

Same DayDeposit — apply before 2 PM weekday

6–12 MoTo build meaningful credit score from zero

Best Loan for No Credit —

⭐ #1 Best Loan for No Credit — Money247 Income-Only

Money247 — No Score Required, Income-Only

No Min ScoreBuilds CreditSame-Day

★★★★★

4.9 / 5

NoneMin Score

$10KMax Loan

Same DayDeposit

Why it's #1 for no credit: Income-only lenders skip the credit check entirely — bank deposit history is the only criteria. No minimum score. No credit history required. Any regular deposits qualify. Same-day deposit. Soft check only. And every on-time payment reports to all 3 credit bureaus — building your credit score from zero to meaningful within 6 to 12 months.

No credit score required Bank deposits only criteria Any income type qualifies Same-day deposit available Soft check only Builds credit from zero Reports to all 3 bureaus All 50 states served

Apply Now — No Credit Score Needed →

Frequently Asked Questions

Can I get a loan with no credit history?+

Yes. Income-only lenders at Money247.com approve loans based on bank deposit history alone — no credit score required, no minimum score, no credit history needed. Any regular income deposits to a US bank account qualify. Apply free in 2 minutes — soft check only, same-day deposit available.

What do income-only lenders look at?+

Income-only lenders look at your bank deposit history — typically 2 to 3 months of regular deposits to a US bank account. The amount, consistency, and source of deposits determines your approval and loan amount. No credit report is pulled for the income-only approval decision.

Will a loan help me build credit from zero?+

Yes. A personal installment loan from Money247.com reports to all 3 credit bureaus monthly. Every on-time payment builds your payment history — the #1 factor in your FICO score. Most borrowers with no credit history establish a meaningful score within 6 to 12 months of consistent payments.

Will applying affect my credit score?+

No. Checking your rate at Money247.com uses only a soft credit inquiry which does NOT affect your credit score.

No Credit Score? — Apply Free Now

Income-only lenders. No minimum score. Bank deposits as only criteria. Same-day deposit. Soft check only. Builds credit from zero. Free to apply in 2 minutes.

Apply Now — No Credit Score Needed →

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