There is a particular set of people who for one reason or another are in a position where they find themselves typing into the google, or some other search engine; need a loan no bank account.  If they are one of these people then it is likely either that they do not wish their bank to know about any particular loan arrangements they are thinking of making, possibly because they may have existing financial commitments at that bank which themselves may be falling behind and there would be a concern that the bank would simply take any money to apply against their own financial instruments, or, perhaps a much simpler explanation is that they do not have a bank account.

Whichever the true situation is they will also quite quickly become aware that if they do need a loan and have no bank account then there is a good chance that they will struggle obtaining such finance from traditional or conventional sources.  Instead it is not unlikely that they will have to resort to investigating the grey side of the financial services market, ones where conventional notions about interest rates and loan repayments are set aside to be replaced by significant charges, and very short repayment deadlines, by very high collateral requirements and dubious practices if repayment is not made on time.

The fact of the matter is that for those who need a loan no bank account then the options are limited and they are likely desperate.  Not a pleasant position to find oneself in.