Loans Like Viva Finance

loans like viva finance

Viva Finance is a low-credit finance option for consumers, but is this the right lender for you? Learn how Viva Finance works and about alternative direct lenders below. 

Many people use their savings to take care of an unexpected emergency, but unfortunately, not everyone has money to fall back on. About 66 million Americans have $0 in savings for emergencies.1 If you need quick financial assistance, then you may have already started looking for online loans. And CreditNinja has all the info you need on many online lenders. 

Finding the Right Personal Loan

A personal loan may help you get the money you need despite bad credit and no collateral, but every lender provides different terms. When looking for help paying student loan payments or medical debt on time, you should always inquire with more than one lender.  

The best direct lenders will provide online debt calculators. A debt calculator is an education finance support tool that helps consumers get a complete financial overview. For example, you can use the calculator to determine whether you can afford to pay the monthly loan payments and how much interest you will end up paying to borrow money. 

Direct vs. Indirect Lenders:

Direct LendersIndirect Lenders
DefinitionDirect lenders are financial institutions that provide loans directly to borrowers without the use of intermediaries.Indirect lenders are financial institutions that provide loans to borrowers through intermediaries like brokers or dealers.
ExamplesBanks, Credit Unions, Online LendersAuto Dealerships, Mortgage Brokers
Interest RatesGenerally lower, as there are no middlemen involved.May be higher due to broker fees and commissions.
Loan Approval TimeMay be quicker as the process is more streamlined.Might take longer due to the involvement of a third party.
Customer ServiceDirect interaction with the lender, which can lead to better service.Service may vary, as you’re dealing with a middleman, not the actual lender.
Loan OptionsLimited to the products offered by the lender.Access to a variety of loan products from different lenders.
*Please note that the specifics can vary depending on the individual lender and the type of loan. Always do your research and consider your personal circumstances before choosing a lender.

Personal Loan Alternatives 

If you are still debating whether to get a personal loan, you should know the advantages and disadvantages of common fast cash alternative options. 

  • No Credit Check Loans — No credit check loans are loans that do not require hard credit checks. Hard credit checks can decrease credit scores, which is why many bad credit borrowers prefer no credit check loans. However, lenders take on more risk when offering no credit check loans, so these loans tend to have higher rates and fees.  
  • Payday Loans — Payday loans are short-term loans that usually provide small-dollar loans. Most payday lenders request full repayment two weeks from the date of funding. Payday loans can be challenging to repay on time, so many borrowers end up in a vicious cycle of debt that’s hard to escape.  
  • Credit Card Cash Advances — Credit card advances allow credit card users to withdraw cash from their available balance at most ATMs. However, most credit card companies limit the withdrawal amount to a small percentage of the total credit limit. Cash advances can be expensive due to the cash advance rate (which is higher) and result in excess credit card debt.   
  • Employer Advances — Employer advances are loans against a worker’s future earnings. If your workplace allows advances, you can ask your boss for a loan. However, your next paycheck will be smaller, and you risk making your relationship with your boss awkward. 

Loans Like Viva Finance: What You Need To Know

Since 2019, Viva Finance has helped eligible consumers obtain unsecured personal installment loans up to $10,000. Although Viva Finance helps workers from various industries get fast cash, they focus on educators, healthcare workers, and government workers. Their mission is to build an inclusive financial system that expands access to affordable credit. 

VIVA Finance loans are originated by Thread Bank, Member FDIC. All loans made by Thread Bank are subject to loan approval, terms, and conditions. Although the official headquarters is located in Atlanta, Georgia, Viva Finance is available to consumers in these 16 states:

  • Alabama
  • Arizona
  • California
  • Florida
  • Georgia
  • Illinois
  • Kentucky
  • Louisiana
  • Maryland
  • Michigan
  • Missouri
  • New Mexico
  • Oklahoma 
  • South Carolina
  • Tennessee 
  • Texas

If you are thinking of applying with Viva Finance, it’s in your best interest to learn more about them before submitting a loan application. 

How Can I Apply Online? 

Viva Finance is not a direct lender, but it can help connect eligible applicants to legitimate lenders. Essentially, Viva Finance is a loan broker that helps borrowers find online loan offers that best match their financial needs, such as managing student debt or getting car repairs. 

In order to apply with Viva Finance online, follow these 3 steps:

  1. Sign Up — If you want to work with Viva Finance, you must create an online account using your work email address. If you do not see your employer listed on the Viva Finance website, you can submit a New Employer Request on the website to potentially get a loan offer. 
  2. Pre-Approval — You will need to complete the pre-approval process. If you are eligible, you can receive an instant rate and loan offer from a participating lender. 
  3. Loan Offer — You can accept the loan offer and set up payroll payments. Borrowers could get their money by the next business day. 

Who Are They For?

Viva Finance caters to employees that need financial assistance for various expenses. Approval is based almost entirely on the borrower’s employment history, so a low credit score may not disqualify you. Although, the loan amount and interest rate depend on creditworthiness and recurring income

Applicants may still get a loan offer despite an invisible or low FICO score. About 11% of adult consumers in the United States are credit invisible, which means they don’t have a credit history with TransUnion, Equifax, or Experian.2    

Viva Finance loans are versatile, as they can be used for almost any emergency expense. Borrowers could use their loan money to consolidate credit card debt, cover insurance deductibles, catch up on bills, and more. 

What Can I Expect if I Get One?

Since Viva Finance is not a direct lender, it’s impossible to get clear answers on loan details. For example, the total cost of the Viva Finance loan depends on the offer you secure and the unique repayment terms. 

  • Loan Term — The minimum loan term is 5 months, and the maximum repayment period is 24 months. 
  • Loan Amount — There is no information on the minimum loan amount, although the maximum loan amount a borrower could get is $10,000. 
  • Interest Rate — The minimum annual percentage rate (APR) on a VIVA Finance loan is 11.99%, with a maximum APR of 35.99%. 
  • Fees — The late payment fee, origination fee, prepayment fee, and origination fee vary by lender, so ensure you verify these costs before accepting any loan offer through Viva Finance. 

Viva Finance currently has 4.5 stars on Trustpilot from 1,041 customer reviews. On the Better Business Bureau website, they have 1.8 stars from 5 customer reviews and a B+ rating. In the last 12 months, there have been 8 closed complaints. 

CreditNinja: How Does It Compare?

CreditNinja is a direct lender that provides online personal loans with same-day approval decisions.* We have been in business since 2018 and have helped over 275,000 people across the country gain access to fast funding. If you need help dealing with unexpected expenses, consider working with us. 

How Does Creditninja Stand Out? 

Most people in need of instant cash debate whether to get personal or payday loans online. But payday loans are the complete opposite of the types of loans we offer at CreditNinja. 

Payday loans, also known as “no credit check loans” or “bad credit loans,” are single-payment loans. Applicants do not always have to complete a credit check to get payday loans online since bad credit is not usually important for qualification. 

Viva payday loans are a popular option for payday lending. However, Viva payday loans and other similar cash advance loans typically have higher interest rates and shorter repayment periods. In contrast, CreditNinja offers the following:

  • Competitive interest rates
  • Same-day approval decisions
  • An easy online approval process
  • Flexible repayment schedules
  • Perfect credit histories are not required

Who Should Pick CreditNinja? 

If you value convenience and need money quickly, consider working with CreditNinja! Our online process is easy and typically requires no documentation. If you are eligible, it’s possible to get your money deposited on the same day!*

We work with all types of financial backgrounds, so don’t worry if you have bad credit. We consider more than just your creditworthiness for qualification. Don’t feel like you have to settle for high-cost no credit check loans to regain financial wellness.

We offer a highly-rated customer service experience that values your business. We aim to offer quality support that is quick and efficient. Feel free to contact us if you have questions or concerns. 

How Will the Loan Process Work?

If you’re interested in working with us, you may want to know more about our process. You should know that our approval process only requires 3 steps, and it is streamlined for your convenience. 

  • Step 1 — Visit the official CreditNinja website to complete the online application form. You will be asked to provide basic information, such as your name, mobile number, and email address. 
  • Step 2 — Your information will be used to determine your eligibility status. Eligible applicants will receive a personalized offer with the loan amount, rate, and repayment terms.
  • Step 3 — If you want to accept the loan offer, you will need to complete a bank verification process. This process proves you have a valid bank account and that the money is sent to you and not someone else. After signing an electronic agreement, you can expect to get your money in your checking account! 

Frequently Asked Questions About Viva Finance Loans

Where do I send my application, and who decides if I am eligible for a loan like Viva Finance?

Interested borrowers can submit an online application through their online Viva Finance account. Viva Finance will attempt to match you with a lender.

What are the benefits of applying for a loan with Viva Finance?

Viva Finance offers a range of loan products designed to cater to individuals with low credit finance needs. They provide a straightforward online application process, and once approved, the funds are directly deposited into your bank account, offering a convenient solution for urgent financial needs.

What are the repayment options for Viva Finance loans?

The repayment options for Viva Finance loans can vary depending on the specific loan product and your personal financial situation. It’s crucial to fully understand the terms and conditions of your loan agreement before committing.

Can Viva Finance loans help with addressing student debt?

Viva Finance loans can be used for various purposes, including addressing student debt. However, it’s important to consider the interest rates and fees associated with these loans, as they may differ from other student loan refinancing options.

What are the fees associated with Viva Finance loans?

The fees associated with Viva Finance loans can vary depending on the loan amount and terms. It’s important to understand all the fees, including potential late payment fees, prepayment fees, and origination fees, before applying for a loan.

Are there any alternatives to Viva Finance for those with bad credit?

Yes, there are several alternatives to Viva Finance for individuals with bad credit. These may include other credit check loans from different lenders, credit unions, or personal loans from friends or family. It’s important to research all your bad credit loan options to find the best solution for your financial situation.

A Summary of Viva Finance From CreditNinja

Choosing a loan and a specific lender to work with can be overwhelming. However, at CreditNinja, we believe that thorough research can help you choose the right loan for your current situation. Consider browsing our blog if you are searching for big buck loans. We offer free financial education resources that explain the ins and outs of payday loans, no credit check loans, personal loans, and other financial products. 


  1. Can you guess how many Americans have absolutely no savings at all?│PBS
  2. Feeling invisible?│University of Wisconsin-Madison

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