Online Loans Direct Lenders

You can submit your online loan details using your smartphone, tablet, or laptop as long as you’re connected to the internet. Online loans from direct lenders are helpful since you can get your loan approved even with bad credit. Therefore, you stand a better chance of sorting out some of the pressing issues you might be dealing with.

Want to borrow more than $5,000? Click here!

What Are Online Direct Lenders?

Online direct lenders provide borrowers with online loans and guarantee quick funding. Unlike traditional financial institutions like banks, direct lenders online offer reasonable lending terms and process funding much faster.

Moreover, their eligibility requirements allow borrowers to access loans even with bad credit. Their fast approval process has made them a preferable choice when looking for emergency loans. Some online lenders can process your money within the same day. Depending on the borrowed amount, you won’t wait long before money is credited into your account.

Why Do People Choose Online Loans from Direct Lenders?

You might wonder why direct lenders are worth turning to when looking for online loans. Well, with the many financial emergencies that you might be faced with, there are times when you need instant funding. Maybe you want to move or pay for renovations or repair your car. Direct lenders can be helpful in such tough times because they offer quick financial assistance.

Besides, some lenders have a simple loaning process. After submitting your details online, you can expect to be funded within the same day. Therefore, the simple process of securing a loan makes direct lenders a good choice for online loans.

Common Online Direct Lender Loans

The followings are common types of online loans direct lenders can offer:

Payday Loan from Direct Lender

Direct lenders offer payday loans. These are short-term loans that offer quick financial remedies before your next payday. You can take this loan to help you cover urgent issues before you get your salary. While lenders provide fast funding, the main problem with these types of loans is that they have a higher interest rate.

Installment Loan from Direct Lender

You can also take installment loans from direct lenders. Installment loans let you repay the money borrowed within a specific timeframe. These loans differ from payday loans because they have longer repayment terms. Payments are made monthly until you finish your loan. You should consider taking installment loans if you don’t want to stretch your monthly budget.

Cash Advance from Direct Lender

Cash advances are also short-term borrowing to give you financial relief in times of need. Online direct lenders can offer you credit card cash advance, merchant cash advance, and payday loans. Your credit card issuer can give you credit, which can then be used to access loans. Online lenders can give you up to 30% of your credit limit.

Merchant cash advances (MCA) refer to the funding you get in exchange for a fraction of the business’s future credit receivables. The loan provider can give you a loan depending on the amount of money you expect to receive from your sales. The good thing about MCAs is that you don’t need any collateral to access loans.

How Can CocoLoan Find Me Online Loans?

To save you from the hassle of trying one online lender after another, CocoLoan can connect you with trustworthy lenders. Here’s what you need to do to get started with us:

Submit Your Details

Submit your information through our secure online platform. Ensure you submit your correct details to help online lenders determine the right amount they can give you.

Review Process

Lenders will then review your details to determine your eligibility. This process doesn’t take time, and you should get your feedback within a few minutes.

Get Your Money

If your loan request is approved, money will be credited to your bank account within a few hours or in the next business day. Our partner lenders understand your financial urgencies and often strive to offer quick funding.

Fast and Easy Loans You'll Need

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What Are the Benefits of Online Loan Through CocoLoan?

Evidently, it’s much easier to get a loan through our platform because we work with online lenders with a proven track record. Some of the benefits you gain by working with us include:

Compare Options Easily

One of the main challenges of finding online lenders on your own is that you may waste time moving from one online lender to the other. However, with CocoLoan, you can access a large pool of online lenders. Consequently, this makes comparing easy. You can choose your preferred lender based on rates and the loaning terms you get.

Your Personal Details Are Secure

You never know what might happen to your personal information as you submit your loan details to different lending platforms. Some online lenders might fail to secure your details, exposing you to cyber threats. CocoLoan only shares your personal information with the online lender you will be working with. So, your information is safe with us.

Solutions Tailored to Your Needs

CocoLoan will connect you to many online lenders, it’s easy to find lending solutions that are tailored to your financial needs.

How Does CocoLoan Compare

default imgWhy Trust CocoLoan?
How much can you get?$50 to $35,000Zero upfront charges
What are the loan terms?1 - 36 monthsEasy repayment
Are credit checks needed?YesMostly soft pulls
Are bad credit accepted?YesAll credit considered
How to apply?Totally onlineSimple and straightforward
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What to Look For Before Taking Online Loans?

Before you rush to take any online loans, the following are key considerations to mull over.

Credit Score

If you haven’t checked your credit score, you need to do so before taking any online loan. Knowing your scores will give you an overall idea of how much you can apply. It also helps to know if you might attract a higher interest rate. For instance, low credit scores attract higher interest rates from online lenders who offer bad credit loans.


At the end of the day, your income will determine whether you can comfortably repay the loan. Therefore, do the math and know how much disposable income you have to help you in repaying the money you want to borrow. In other words, your debt-to-income (DTI) ratio should be low.


You also need to think about the fees. Verify that the online lender doesn’t charge extra costs to secure your loan. Other fees you need to consider include late repayment fees and origination fees. These additional costs can stretch your budget beyond what you had initially planned for.

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Searching for Online Loans? Your Search Ends Here!

Quit stressing yourself about taking online loans. CocoLoan can help you. We can quickly connect you to reliable lenders who can process your loan within the same day.

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