Firstly, a bit of advice. You may be looking for fast loans with no bank account required because you think that you have no other options left for you to pursue. However, before you lauch yourself onto a time consuming and difficult path to raise money trying to raise fast cash with no bank account, do me a favor; give yourself 15 minutes and really challenge the assumptions of whether you do indeed need to take out a loan with no bank account. I ask you to do this because simply put the whole process will be far more straightforward if you are indeed able to open a bank account. There are many more options available to you if you were to pursue this course of action.
Enough said on that subject. If you really do have no choice, then there is still hope to be had. The fact of the matter is that banks make money from lending money and there is real competition in the lending markets with the result that there are a number of banks around who will lend to someone who has no bank account.
Finding Lenders
So, how do you find such lenders. Well when looking for fast loans with no bank account required then you should look first locally; enquire of the banks in your area, then use the internet to make targeted searches in order to try lenders with a greater reach. The reason looking locally is probably the best place to start is twofold. Local lenders may feel more comfortable in lending money to individuals when they can validate a local address. Many loans with no bank account required will require the borrower, you, to maintain a coupon book. You will take this coupon book to the local branch each month, or week and make payments in person. Clearly if you live a long way off then this process becomes inherently less safe for the bank. The second reason is that the local government may be running incentive arrangements with the local banks to encourage lending to individuals operating in the local economy.
Interest Rates
Clearly the interest rates that you will be charged will in large part be dependant upon your credit score. You will already know this but the higher your credit score the more likely you will be able to borrow money with no bank account required. Poor credit scores will be less interesting to lenders as they will have to accomodate the additional risk, and this will mean that the interest rate that you will suffer is likely higher, and higher interest rates means higher repayments.
In summary, the very first step is to challenge the assumptions that have led you to conclude that you need a fast loan with no bank account required. You may be mistaken in this and would do well to discuss the matter with a personal financial advisor to determine if it is indeed the case. Look locally first for a lender. This will make the whole loan relationship easier. And finally remember, the lower your credit score, the harder you will find it to raise fast cash with no bank account and the higher the interest rate you will end up paying.