Loanpalace, an online lending institution, is allowing text loans with no credit check as direct lenders can provide. These loans are sanctioned on the easy terms and conditions like there is no credit check take place and with the help of online platform time and efforts of the borrower saved. The interest rates are also reasonable in comparing the benefits and value by cost (interest rates). The lender is allowing the automatic deductions so that there will be no more negative remarks on the credit profiles of the borrowers in case they forget to repay. Repay all your debts within a year as these are loans for 12 months.