A 400 dollar loan with monthly payments is an instant credit, which is granted for you, without strict requirements and agreeable terms of repayments. 400$ is a reasonable sum that can be loaned in most of the United States. Lenders realize that situations for a quick loan may be challenging; therefore, a customer may not provide a credit report for the loan. Moreover, people with bad credit history may place an application for the loan as well; it will be processed like the rest of the inquiries. The only requirement is the provision of the loan repayment guarantee – an upcoming paycheck or any other means of income (social security, for example). The interest rate for the loan is flexible and depends on the monetary policy of the state, where the loan was taken. The credit period varies too, but the average length is 31 days.