Loan of 3000 – 5 Best 3000 Loan for Bad Credit Options in 2021

Are you short on cash and need a loan of 3000? Take advantage of the present pricing war between lenders that will compete for your business. However, take reasonable caution—even a loan of 3000 might get you into trouble if you fail to budget and plan accordingly.

In this post, I’ll walk you through the best loans of 3000, their common uses, requirements to qualify, features, advantages and disadvantages, plus a step by step procedure of how to get the loan of 3000. So, promptly let’s dive right in.

#1 Loan of 3000 in 2021 – Viva Payday Loans


Loan of 3000 Bad Credit – Quick-Pick:

  1. Viva Payday Loans – Overall Best $300 Loan Provider
  2. Net Credit – Best for Fast 3000 Dollar Approvals
  3. Cash Net USA – Best for Same Day $3000 Dollar Loan Payouts
  4. Ameri Cash – Best for No Credit Check 3000 Loan.
  5. Cash Central – Best for Low $3000 Loan Instant.

What Are Loan of 3000?

3,000-dollar loans are small-dollar loans with a short repayment period. They may be found at high-street stores and on the internet. Loans of 3,000 dollars are pretty easy to get by, but the interest rates are costly. Consider alternative choices before going to a payday lender to handle your short-term money troubles.

If you need a 3,000 loan, check around and compare interest rates and fees before taking out a loan. Make sure you understand what will happen if you are unable to repay the loan.

Common Uses Of Loan of 3000

Some of the ways people use a loan of 3,000 are listed below.

1. Home Renovations

A recent study carried out by Experian found that 17% of consumers use their loans to renovate their homes. With a loan of 3000, you can pay for your home renovations in instalments whether you are doing complete renovations or just upgrading appliances.

For most Americans, it is more economical to spend a few dollars per month on a new kitchen instead of spending $3,000 once. However, in the long run, you will pay more for your renovations owing to the interest that your loan will accrue. If you are not in a hurry to renovate, a more economical option would be to save instead.

If you want to buy small appliances such as a new washer, a 0% APR credit card such as Chase Freedom Unlimited® is ideal. With Freedom Unlimited, you can finance your home renovation projects for a long time with no interest on brand new purchases for 15 months (then 14.99% to 23.74% variable APR). 

2. Education

Federal student loans are the best option to finance your education in college, owing to their flexibility and low-interest rates. However, if you are interested in taking an online course or developing a new skill, a personal loan is ideal. A personal loan will help you afford the education you need to brush up on a skill or land your dream job.

Find out from your employer if they sponsor employee professional development courses before taking out a loan. 

If you want to make a career change, find out what you’ll earn once you complete your education. It is essential to find out if you will sustain monthly loan payments with your new salary. Doing research will help you determine if taking out a loan is worth it. 

3. An Emergency

With the current economic climate, many Americans are finding it challenging to save for emergencies. A personal loan may help you cover the cost of emergencies such as medical bills, car repair or day to day expenses if you lose your job suddenly. Before taking out a loan, make sure you have exhausted all other options at your disposal. Try to negotiate with your mechanic or healthcare provider to see if you can develop a payment plan. If you have lost your job, ascertain the jobless benefits you qualify for to reduce the amount of money you need to borrow. 

4. Vacations

Travel companies and airlines are increasingly giving point-of-sale loans to those who want to get away. You can also take out a loan to finance your vacation though this is not advisable. 

There are better travel options that won’t strain your finances. If you have disposable income, you can create a savings account and deposit the funds on rainy days. Ally Online Savings Accounts is a good option if you are looking to open a new savings account. 

You can create up to “10 buckets” or funds in the same account with the Ally Savings Account. Keeping track of your saving goals is easy as your funds are well organised in the Ally savings account.  Having a savings account will also help you not borrow money unnecessarily.

You can also reduce the cost of your vacations by getting a travel reward credit card with a substantial welcome bonus. Another great way to cut down on vacation costs is to redeem your miles. One of the best rewards credit cards is the Capital One Venture Rewards Credit Card which offers a welcome bonus of 60,000 miles provided you spend $3,000 on purchases for three months from the time you open your account. 

How To Qualify For Loan of 3000 (Eligibility Criteria)

To qualify for a Loan of 3,000, you need to meet the following:

  • You must be 18 years or older.
  • You must be a resident in the state you choose during application.
  • You should not be bankrupt or intend to file for bankruptcy.
  • For employee scheme loans, the minimum salary required is 15,000 USD.
  • For non – scheme employees, the minimum gross salary requirement is 40,000 USD. 
  • A valid copy of your payslip.
  • A letter of introduction from your employer with the company letterhead.
  • For new accounts, your bank statement for the last six months is required.
  • Copy of ID/passport.
  • Passport/ID copy.
  • Employer details.

Best Loan of 3000 – Top 5 Options

1. Viva Payday Loans – Overall Best Loan of 3000 Provider

Viva Payday Loans is our number one credit portal. On this platform, borrowers can access loans ranging between $200 and $5,000—payable between two and 24 months. The application process is fast, and approval just takes a couple of minutes. 

Once you’re approved, Viva Payday Loans will redirect you to a reputable lender who’ll issue you with the requested loan amount. Please note that these lenders might request additional information so that they may be able to verify your credentials further. And once you have read and accepted the terms and conditions in the loan agreement, you’ll receive the loan amount in your bank account. 

The interest rates will always vary from one lender to another, but the range falls between 5.99 percent and 35.99 percent. Viva Payday Loans accepts even individuals with bad credit, so don’t hesitate to give it a try.


  • You get the same-day payout
  • Loans range between $200 and $5,000
  • Quick application and approval process


  • Not available in some states

2. Net Credit – Best For Loan of 3000


Net Credit is a branch of Enova International Inc based in Chicago. It deals with small personal loans for borrowers who have been rejected by other lenders like banks or conventional lenders. Net Credit considers other factors besides your credit scores; they assess your larger financial picture.

You can borrow funds ranging from $1,000 to $ 10,000 if your application is successful. Your loan funds are wired directly into your bank account in a couple of business days after approval.


  • Lacks prepayment penalties
  • Prequalification tool
  • Potentially quick funding


  • The interest rates are high
  • Services not available in every state
  • Origination fee may be charged depending on your residence

3. Cash Net USA – Best for Guaranteed $3000 Loan


CashNetUSA, an online lender, provides many loans depending on your residence. These loans are; instalment loans, payday loans and lines of credit. The range of loans in Cash Net depends on the state, with Cash Net Loans ranging from $ 100 to $600, while lines of credit and instalment loans range from $100 to $3,500.

Our services are only available in 29 states. Your residence determines the type of loan you can qualify for. For more information, you can visit the CashNetUSA website.


  • Non-discriminative; borrowers can qualify with or without credit issues.
  • Application and approval process is quick.


  • Interest rates are high
  • Limited to few states
  • Rates and fees differ based on residence

4. Ameri Cash – Best for 3000 Loan Bad Credit


Ameri Cash was launched in 1997 as a cash advance loan platform.  The company has changed its course ten years down the line and currently offers instalment loans varying between $50 to $4,000, depending on the state. Clients in 12 states can get approval and funding within one day after applying for a loan in-person or online. Before applying, make sure you check loan information as loan terms and amounts vary from state to state.

Even if Ameri Cash is no longer a payday lender or cash advance, the short-term instalment loans offered may be risky as the lender may set triple digits interest rates. These rates are higher than those of conventional loans from credit unions or a bank.

AmeriCash doesn’t provide interest rates details beforehand, even though it lists the highest rates provided by specific states. In some instances, the borrowers get shocked when they find out the cost of repayment.

It’s vital to know the specific loan details long before applying for the loan. You should see the cost of borrowing and if you can afford to repay it. You should consider all these things before deciding if AmeriCash is the perfect lender for you.


  • The application process is quick and straightforward.
  • Approval and the disbursement of funds take not more than 24 business hours
    functions within federal and state laws within the U.S.
  • Borrowers with bad credit are considered.


  • Costly form of borrowing
  • No transparency; interest rates and APR information is only disclosed after completion of an application
  • Not a preferable option in comparison with other lenders
  • Not advisable  for huge financial purchase

5. Cash Central – Best for Low $3000 Loan Instant


Cash Central is a lender that provides its services online, and it offers instalment loans ranging from $ 1,000 to $5,000. The lender also provides lines of credit and small Payday loans, but their services are only available in certain states. 

Cash Central determines your affordability levels before deciding how much funds to lend you; this is responsible lending. Following this, you can be considered for a loan offer even if you don’t have excellent credit, but you have a high income that’s adequate for Cash Central’s requirements. 


  • All sizes of credit scores are considered
  • The range of instalment loans is from $1,000 to $5,000
  • The loan payment period is between 6-24 months
  • You can make payments monthly, weekly or bi-weekly
  • Pre-approval decision is instant
  • Looks at affordability levels rather than credit scores
  • Payment can be made early at any time


  • Eligible in only specific states
  • Extreme variation in APR rates

Features Of Loan of 3000

1. No Fees

Loan of 3,000, application and prepayment costs are uncommon, but an origination charge is possible. According to Jovan Johnson, an Atlanta-area certified financial planner, this charge — usually 1% to 10% of the loan amount — often is deducted from the loan before you obtain it. Still, you can make a payment that the lender can include in the monthly instalments. You don’t get anything in exchange for the fee; it’s simply money the lender charges to complete the loan.

According to Johnson, an origination charge does not inevitably make a loan the most costly. Evaluate annual percentage rates, including the interest rate and additional expenses, to determine which loan is the most affordable.

Other internet lenders deal with clients with solid or exceptional credit (690 or above FICO) and impose no fees, including late and non-sufficient money fees.

2. Rate Discounts

Discount rates are often tiny bonuses that build up over time. Most lenders may cut your loan by a small amount when you establish automatic payments—usually 0.25%  to 0.5 % points.

Some lenders can lower your interest rate on a consolidation loan by a percentage point or two if you let them pay down your bills directly rather than providing you with the funds.

Banks frequently provide discounts to current clients, particularly those with a significant amount of money in their investment or savings account. Pre-qualification allows you to examine rates without affecting your credit score, although it’s more prevalent with internet lenders than banks.

3. Fast Funding

Personal loans, usually granted in less than a week, and perhaps even faster, may help you pay unexpected needs like a roof repair.

Applications filed by 2:30 p.m. ET on a weekday with all required evidence may be accepted and financed the same day, according to online lender LightStream.

4. Payment Flexibility

The payback duration of your loan influences the amount of your monthly payment. According to Johnson, borrowing for a more extended period results in cheaper monthly payments but higher accrued interest.

He also recommended that you choose a schedule that allows you to make manageable monthly payments while holding interest charges low. Some lenders will enable you to pay back your loan in three or five years, while others provide terms ranging from two to seven years.

Advantages Of 3000 Loan Bad Credit

1. Fast Processing

Conventional loans need a lengthy processing and verification process, unlike online payday loans. The most notable benefit of payday loans is that the borrowed funds are available in your bank account in much less than a day. 

Keep in mind that they are intended for emergencies and therefore have a sense of urgency. The time it takes to complete a payday loan varies by firm and should be considered when choosing a payday loan lender—it might be quick, within a few hours, or a day.

2. Easy To Qualify

Online payday loans in Ontario feature flexible qualification standards instead of traditional loans, which have stress-strain conditions. A driver’s license as evidence of residency, a monthly income assurance, and a bank account is usually required by loan merchants. Some lenders may inquire about your work and debts.

3. You Set Your Limits

Your loan limitations are determined by online payday lenders based on your monthly earnings. You can lend more if you have a high monthly payment, but this can appear to be a drawback if you have a low monthly income. Nevertheless, matching your loan with your monthly payment assures that you will not have difficulty repaying the loan debt.

4. You Can Use The Loan On Anything

Many conventional loans have restrictions on how you may utilise the money you acquire. Fortunately, internet payday loans allow you to spend your money any way you see fit. A classic bridge loan, for example, can only be used to buy or sell a home. When it comes to payday loans, your lender has no say over how you use the cash.

Disadvantages – Loan of 3000

1. Borrowing From Short-Term Lenders Is Too Easy

Payday loans, credit card accounts and unlike bank loans, do not need extensive paperwork. You can get your loan by just visiting a store, completing the paperwork, and signing a check. And, contrary to other loans, after signing the papers and accepting the amount, you won’t be able to change your decision because the loans typically do not provide for a right of rescission.

2. Access Your Bank Account

Some payday lenders claim that by giving them the right to access your account, you’ll be saving yourself the trouble of writing the standard post-dated check. However, if the loan is due and the funds aren’t in your account, the payday lender can make multiple withdrawal attempts, often leading to various overdraft charges of $35 or more.

Payday lenders have a reputation for being ruthless debt collectors. Therefore, if you cannot repay the loan, expect a barrage of tactics, including late-night phone calls from debt collectors.

How To Get a Loan of 3000 Online

Below is a step-by-step process of getting your loan of 3000 at Viva Payday Loans:

Step 1: Visit Viva Payday Loans

Start by visiting This platform’s layout is straightforward to follow. To begin the application process, press the “Apply Now” icon on the top right side of the screen. 

Step 2: Complete The Application Form

The application process requires you to complete an online form. The form will need you to fill out your name, monthly earnings, and expected monthly expenses.

Step 3: Get Your Decision

Once you’ve filled out the form, it’s time to wait for an approval alert—this typically takes about two minutes. If your application is denied, you’ll still receive a warning.  

Step 4: Receive Your Loan

If the application goes through, we will provide you with the loan agreement form to sign. It’s imperative to understand all the terms and conditions before signing for the loan. Once you sign and submit the agreement form, you will start the process of disbursing the funds into your bank account immediately—the money usually is paid out within 24 hours. 


A loan of $3,000 will be an excellent solution in cash-strapped situations, mainly if your next paycheck is still weeks to come. Viva payday loans allow users to obtain a loan of 3000 in a matter of just minutes, making it one of the leading and top-rated payday loan platforms. Go to their official website and complete your online application form to get started on the right foot.  

Request Your 3000 Loan Bad Credit at our Top Rated Provider – Viva Payday Loans


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About Denzil Otieno PRO INVESTOR

A procurement graduate. Young business owner. A smart business investor.