Scroll Top
19th Ave New York, NY 95822, USA

Can I Get An Instant Loan Without Proof Of Income?


If you are running low on cash this month and have incurred an unexpected cost, such as a medical or car repair bill, you may be looking for a payday loan. In some cases, the financial emergency you face could lead you needing to borrow money now, rather than later and in such cases, you may find yourself looking for instant loans and fast ways to get the money you need to get out of financial trouble as fast as you can.

Lenders of any loan in the US are likely to ask you for some details before they are able to offer you the instant decision that so many lenders can. They may ask you to provide proof of income as well as things like proof of address and where you work. This is necessary to reduce their risk wherever possible that you will fail to repay your loan, whether you borrow $600, $1000 or any other loan amount.

What Do I Need To Be Eligible For An Instant Loan?

There is little you have to do to be eligible for an instant loan. Firstly, you need to be a US citizen over 18 years of age. You also need to have a functioning and live checking account that the funds can be paid into. 

Additionally, you must have a form of steady income of at least $800 per month, or $9,600 per year. This is to ensure that you’ll be able to afford the repayments. Don’t worry if you have bad credit; plenty of online lenders are still willing to consider you for a loan. 

Do I Need Proof Of Income For an Instant Loan?

Yes, your loan request form requires you to provide information about your income. Once you have sent your loan request, a lender may contact you to ask that you provide some follow-up information. Often, this will include proof of income and valid identification. Some lenders may advertize loans with ‘guaranteed approval.’ However, they will still need to perform checks before you receive any loan and so, in truth, very few if any loans are truly able to be guaranteed.

Why Do I Need Proof Of Income?

A lender may require proof of income to ensure that you can afford to meet the monthly repayments agreed on in your loan. You must tell the truth on your form, such as your employment status and how quickly you believe you will be able to pay back your loan. A payday lender will check your financial history and personal details. If you have lied on your application, it will severely delay your loan process.

What Information About My Income Do I Need To Provide?

When applying for an instant loan, you will be asked to provide information about your income. This includes your income source, job title, how long you have been employed, and monthly net income. You will also be asked how often you get paid and when your next pay date is. Lastly, you will need to provide your employer’s name and workplace phone number. It is important that you provide the information requested about your income, as lenders require this information to approve you for a loan.

To read about what other information a lender will need in your loan application, check out our guide: What Information Do I Need To Provide For A Payday Loan?

Can I Get An Instant Loan If I Am Unemployed?

Yes, you can still get an instant loan if you are unemployed. You do not need a salary to be eligible for a loan, so long as you have a steady income of at least $800 per month. This could be through benefits, pension, social security, disability income, or another regular source. 

Will A Payday Lender Contact My Employer?

Although the specific regulations and requirements on payday loans vary from state to state, and will differ for example from payday loans in Texas to, Nevada or Florida payday loans, a payday lender may contact your employer, but they will never mention where they are calling from. Some lenders will contact your employer to confirm that you are employed where you say you are. This is an added check to make sure that you will be able to meet your loan repayment plan. It will depend on the lender, as not every lender does this, but it is not unusual.

It may be worrying to think that you might get called at work to discuss your loan. However, we can assure you that a lender will always be discreet and never speak to your boss. A lender would simply ask whether you work there and nothing further. They will not mention the purpose of the call or your financial circumstances to anyone at your job. Their only aim is to confirm your employment to make sure you can afford your loan.