Get a $400 Loan Fast

Updated: February 14, 2025 by LendUp

With LendUp you can get a quick $400 loan with bad credit and instant loan decision from reputable direct lenders. No matter why you need 400 dollars today, with just one form you can reach hundreds of online lenders and get approved for a loan today.

$400 Dollar Loan Options

You have two main options if you need to get $400 fast: payday loan and installment loans. Both types of credit require no collateral and are available even if you have a bad credit score.

$400 Payday Loans

Payday loans are meant to be repaid by your next payday, usually within 14 to 30 days. The application process is simple, most people get the funds the same or the next business day. The fast disbursement of funds makes payday loans a good option for those in need of cash ASAP.

Also, payday lenders often do no hard checks as they focus on your income and your ability to repay the loan.

Payday loans are illegal in 18 US states, including: NY, NJ, CT.

$400 Installment Loans

Installment loans allow you to borrow more and repay over a longer period in fixed monthly payments. The interest rates for a $400 installment loan can range from 5.99% to 35.99% which is lower than payday loans.

Repayment period for these loans varies from 3 to 24 months for smaller loans like $400. The flexibility of installment loans makes it a good option if you need to get more cash or take more time to pay it out.

Who Can Get a $400 Loan?

In the U.S., a $400 loan is generally available to most adults who meet basic lending criteria:

Typical Requirements

1. Age: Must be at least 18 (or 19 in some states like Alabama).

2. Income: Proof of regular income (employment, benefits, gig work, etc.).

3. Bank Account: Active checking account (for deposits and repayments).

4. ID/Residency: Valid government-issued ID and proof of U.S. address.

What’s Often Not Required (But Varies)

• Good Credit: Many payday/title lenders don’t check traditional credit scores.

• Collateral: Only required for secured loans (e.g., car title loans).

What’s Sometimes Required (Depends on Lender/State)

• Social Security Number (SSN) or ITIN (Individual Taxpayer Identification Number).

• Minimum Income Threshold (e.g., $1,000/month in some states).

• Credit Check: Some lenders use "soft" checks or alternative data (e.g., rent payments).

• Employment History (e.g., 3+ months at a job).

Can I Get a $400 Loan with Bad Credit?

If you’re worried that your credit score will not qualify you for a $400 loan then you’ll be happy to know that many have been approved for a $400 payday loan with poor or bad credit when requesting a loan through LendUp. This is because payday lenders focus on your income and ability to pay back the loan rather than your credit score.

But remember that while a poor or bad credit score may not prevent you from getting a loan it may affect the loan terms including interest rates and fees. So it’s always recommended to work on improving your credit score to have better credit options in the future.

Can I Get a Guaranteed Loan With No Credit Check?

Truly "guaranteed" loans with no credit check are rare. Most lenders check your credit history to decide if you’re eligible, even for small loans. However, some lenders offer loans labeled as "no credit check," often aimed at borrowers with poor or limited credit. These loans typically come with higher risks, like steep fees, high interest rates, or short repayment windows. For example, payday loans or title loans might skip a credit check but require collateral or proof of income.

Stay away from ads promising "guaranteed approval" with no credit checks - these can sometimes be scams. Always check the lender’s reputation through reviews or official registries.

What is the Cost of Borrowing $400?

When getting a $400 loan, you need to understand the costs. These are interest rates, annual percentage rate (APR) and additional charges. The APR for a $400 payday loan is around 400%, much higher than traditional loans. Interest rates for these loans are also higher, depends on lender and state regulations.

Apart from the interest and APR, you also need to be aware of the additional charges such as late payment penalties or origination fees that will add to your total loan cost.

Late fees can vary, usually between $25 to $50 or 3% to 5% of the monthly payment depending on the lender’s terms.

Origination fee is also common, $15 for every $100 borrowed.

Why Choose LendUp for $400 Loans

LendUp makes getting a $400 loan fast and simple, even if you have bad credit or no credit history. With a quick online application, instant approval decisions, and same-day or next-day funding, LendUp helps borrowers find the best loan options available.

Benefits of LendUp for a $400 Loan

• Quick & Easy Application – Apply online in minutes, anytime.
• Instant Approval Decision – Get a fast response with no long waiting periods.
• No Hard Credit Check – Many lenders focus on income and ability to repay rather than credit scores.
• Fast Access to Funds – Get money within 24 hours, and in some cases, on the same day.
• Flexible Repayment Terms – Choose a payday loan for a single payment or an installment loan with multiple payments.
• Available in Many States – LendUp works with a network of lenders to provide loans where payday loans are legal.

LendUp offers a fast, reliable, and transparent way to borrow $400, making it a great option for those needing emergency cash without the hassle of traditional banks.