RadiantCash review: Small installment loans for emergencies

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In a Nutshell

RadiantCash offers small installment loans, considering people with bad or no credit. But while you can get cash quickly if approved, expect to pay a high interest rate on par with what you’d expect to pay for a payday loan — and higher in some cases.
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RadiantCash isn’t taking new personal loan applications at this time. If you want to explore other options, check out more bad credit loans on Credit Karma.

Pros Cons
Approved loans may be funded by the next business day Only small loans available
No minimum FICO score required APR range is high
  Not a direct lender

What you need to know about a RadiantCash personal loan

RadiantCash is an online platform that connects people with high-interest installment lenders targeted toward people with bad credit. You can apply ffrom RadiantCash online and, if approved by a lender, may have the funds deposited right into your bank account by the next business day.

Tribal lender

RadiantCash is a tribal lender regulated by the Lac Du Flambeau band of Lake Superior Chippewa Indians.

High interest rates

Although loans offered through RadiantCash’s platform may have low credit requirements, you can expect an extremely high interest rate. The annual percentage rate for loans from RadiantCash’s network can range into the triple digits. The RadiantCash website states that these loans aren’t intended for long-term use, so keep that in mind when deciding if one of these very-high-cost loans is right for you.

Fast decision and funding

After completing an online application, if you’re approved for a loan, you may be able to access your loan funds the next business day. But keep in mind the exact timing depends on your bank.

A closer look at RadiantCash personal loans

  • Borrow up to $2,500 — When applying through RadiantCash.com, you can borrow up to $2,500.
  • Late fees — If you miss a due date, you may pay a late fee depending on the lender.

Who a RadiantCash installment loan is good for

RadiantCash installment loans could be an option for people with bad credit and a short-term need for $2,500 or less. While installment loans from RadiantCash are not considered payday loans, the interest rates charged are similar to the very high borrowing costs you’d see from the payday loan industry.

If you have a spotty credit history and are in a financial jam that could be solved by quick cash, RadiantCash loans might be an option for you. But avoid getting a loan for more than you need.

If you do get a loan through RadiantCash, you should pay it off as quickly as possible. Though the interest rates are so high on this type of loan that so you’re better off avoiding it altogether if you can.

How to apply with Radiant Cash

Applying for a loan with RadiantCash is simple. Start by going to the RadiantCash website and filling out a short form. You’ll need to provide some personal info including your driver’s license information, Social Security number, and bank account and employment information.

If you’re matched with a lender and accept your offer, you may be able to receive your funds in as soon as one business day.

Not sure if RadiantCash is right for you? Consider these alternatives.

  • Avant: If you want a larger loan amount, longer payback period and lower interest rate, Avant could be a better choice for your needs.
  • Marcus by Goldman Sachs: If you have better credit, you might be able to qualify for a loan with no fees and a lower interest rate.

About the author: Eric Rosenberg is a finance, travel and technology writer in Ventura, California. He has an MBA in finance from the University of Denver. When he’s away from the keyboard, Eric enjoys exploring the world, flying small… Read more.