Get $800 Loan at LendUp: Easy Application & Same-Day Approval

Updated: September 16, 2024 by LendUp

With LendUp you can get easily approved for $800 dollar loan from a direct lender online no matter if you have bad credit or no credit history. Apply for $800 dollar loan online without strict credit checks and get same-day approval and fast deposit.

$800 Dollar Loans: What You Need to Know

When you need a quick cash injection, getting a $800 loan through LendUp can be the answer. These small personal loans are just enough to cover unexpected expenses or bridge a short financial gap until your next paycheck arrives.

And the best part is that you not need to have a great credit history to get approved for $800, so even if you have a bad credit score, $800 loans can be a viable option.

Types of $800 Loans

When you need to get $800 loan fast, these are your main options:

1. Payday Loans: these are the most common short-term loans which are known for having low requirements for the borrower, but come with high interest rates and short lending periods. Also payday loans are limited or banned in different states.

2. Installment Loans: Personal installment loans is a more preferable option when it comes for loans smaller than $1000 since you have more time to repay the loan and it is easier to do so in smaller monthly payments, than in a lump sum like payday loans.

So before taking our any of these loans, check whether you have both options available in your area and go with those that offer better terms in your particular case.

How to Apply for an $800 Loan Online

Applying for an $800 loan is easy. It starts with a short online loan request form where you have to provide some basic personal, banking and employment details.

To increase your chances of approval make sure all the information you provide is accurate and be prepared to answer any follow up questions via phone or email.

The beauty of online applications form is the fast response time by the lender. You can get a response in as little as 10 seconds up to five minutes after you apply. This means you could have the funds you need in your bank account as soon as the same or at most the next business day!

Required Documents and Information

When applying for an $800 loan you will need to provide some required documents and information. This will include a valid government issued photo ID, like a drivers license or passport.

You'll also need to provide proof of income, like your latest W-2 or one or two recent pay stubs, or your bank account statement.

You will also need to provide your employer’s information, including their phone number, so the lender can verify your employment. And you will need to provide your contact information, including your phone number and email. This information is required so we can contact you about your loan inquiry.

Approval Timeline and Fund Transfer

After you submit the online application form the approval process takes just several minutes. Some loan lenders can approve your application instantly and transfer the funds during the same business day, others may take a little longer. So you could have the money in your bank sooner than you think!

The fund transfer time after approval depends on the lender and their process as well as your bank account and whether it can receive incoming money transfers instantly.

Eligibility Requirements for an $800 Loan

To be eligible for an $800 loan, you need to fulfill the following criteria:

• Be at least 18 y.o. with a valid personal ID

• Steady income (at least $1,200 per month is preferred)

• Valid SSN, tax ID, or driver’s license

• Active checking account that accepts direct deposits

• Phone number and email address

If you have bad credit don’t worry as many lenders we work with accept all credit types and will help you get the $800 loan you need. And yes there are lenders out there who understand your financial situation and will accept your loan application with no hard credit checks.

Borrowing $800 with Bad Credit: Is It Possible?

Bad credit doesn’t mean you can’t borrow $800 dollars for your needs. Many lenders recognize that those with different credit histories including bad ones can still be responsible borrowers. They look at your ability to repay the loan not just your credit history.

So even if you have bad credit don’t let that stop you from applying for an $800 cash loan. Remember there are lenders out there who will work with you and help you get back on your feet and LendUp is here to connect you with such direct lenders.

What if I Need $800 Today?

Yes you can get an $800 loan the same day through LendUp. To increase your chances of approval and funding the same day, do the following. First, submit your application early in the morning on a business day. This gives the lenders more time to process your application and fund your loan the same day.

1. Before you start, make sure you have all your documents ready. This includes a government-issued ID, recent pay stubs or proof of income, bank account info and your SN.
2. Double check your application for errors. Any mistakes or missing info will slow things down so take an extra minute to review before submitting.
3. When you are about to receive your funds, go with the fastest funding option if available. This is usually an instant bank transfer or debit card deposit.

There’s no guarantee of same day funding but following these steps will definitely increase your chances of getting your $800 bad credit loan fast.

Choosing the Right Lender for Your $800 Loan

Choosing the right loan lender is a big step towards financial freedom. When choosing a lender consider:

• Interest rates

• Repayment terms

• Type of lender

• Reputation

• Customer service

You should also compare interest rates among lenders to get the best rates.

Another important factor to consider is the repayment term flexibility offered by lenders. This allows you to adjust your monthly payments to your income making the loan more manageable and affordable. A lender with good customer service can also make the whole borrowing experience less stressful.

How Expensive is a $800 Dollar Loan?

Interest rates on an $800 loan can vary greatly. We see rates from 5% to 400% or more for short term payday loans when taken our by people with very bad credit scores.

Payday loans have the highest rates because of their short terms and ease of access. Personal installment loans have lower rates but stricter eligibility and are harder to get if your credit history is suffering.

When comparing loan offers, look at the annual percentage rate (APR) not just the interest rate, it gives you a better picture of the final loan cost.

APR on $800 Loans

The Annual Percentage Rate (APR) is a standardized way to measure the cost of borrowing. It includes the interest rate and any fees associated with the loan. For an $800 loan the APR can make a big difference in the total amount you'll pay.

For example a 30 day $800 loan with a 15% fee is an APR of about 390%. You'll owe $920 at the end of the month - the original $800 plus $120 in fees.

We always advise borrowers to carefully review the APR before accepting a loan offer. Lower APRs generally indicate more favorable loan terms and lower overall costs.

Pros and Cons of $800 Personal Loans

As with any financial decision, getting an $800 loan from a direct online lener has its ups and downs.

The good: an $800 loan can get you cash fast with no strict credit check, help you with unexpected expenses and potentially lower interest rates if you have good credit.

The bad: there are downsides to consider. These can be high or hidden fees (depends on your lender), crazy interest rates and the possibility of getting into a cycle of borrowing and repaying that’s hard to get out of. And getting an $800 payday loan can affect your credit score and defaulting on this loan can have long term consequences like damaging your credit history and financial hardship.

$800 Loans Alternatives

If you’re not sure an $800 cash advance loan is for you, here are other options to consider:

• Start a side hustle

• Get a part-time job

• Sell unwanted items

• Find ways to cut bills and expenses

Side hustles like creating and selling Canva templates or starting a YouTube channel can get you an extra $800.

Another option is a part-time job. With the right job you could make $800-$1000 a month or more! It all depends on your hourly wage and the number of hours you put in.

Why Use LendUp for $800 Loans

When looking for a lender, you can approach different lenders one by one or use LendUp to do the hard work for you, free of charge! Here’s why LendUp is a good choice for an $800 loan:

• Cash in as fast as next business day or same day from one of our vetted lenders

• Just one easy application get you in front of hundreds of direct lenders

• You do not pay a cent for using LendUp, the lenders do it for you

This is why LendUp is the best in connecting borrowers with different needs and capabilities with reputable lenders for $800 loans.