Before authorizing a personal loan, banking institutions perform a credit check to determine your ability to repay the loan. This takes time. Usually, the delay is about 2 weeks. In addition, a bad credit score can harm your chances of getting money.
As its name suggests, a no credit check loan is granted without a credit check. Your credit report therefore won’t have any impact on your chances of getting a loan.
This is also a quick loan, because there are very few documents to submit. Once you have completed your application, you will receive your money directly in your bank account within 24 hours.