The Quickest Personal Loans You Can Find Online in 2021

Bank or credit card loans may not be available to you for a number of reasons. You may have bad credit or the loan amount they offer is simply not enough.

Luckily, you can use fast personal loans as an alternative. In this article, we’ll talk about such loans, their benefits, and the most important things you should know about them.

First, let’s see how we selected these fast personal loan providers.

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1. Upstart

If your credit score isn’t good but your earning potential is, Upstart will make you an offer, and it’s up to you to decide if you want to accept it. With APR between 6.99% and 35.99%, and loan amounts of $1,000-$50,000, you can use it for debt consolidation, medical expenses, etc. Full Review

  • High loan amount
  • Can be used for various purposes
  • Flexible payment terms
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If your credit score isn’t good but your earning potential is, Upstart will make you an offer, and it’s up to you to decide if you want to accept it. With APR between 6.99% and 35.99%, and loan amounts of $1,000-$50,000, you can use it for debt consolidation, medical expenses, etc. Full Review

Features

4.9/5

Fees

4.5/5

Ease of Signup

4.5/5

Ease of Funding

4.8/5

2. Avant

You can put your vehicle as collateral to receive lower rates for an Avant loan, and there’s only a soft credit check to start with. You’ll only need a credit score of 550 to be eligible for up to $35,000, and an APR as low as 9.95%. Full Review

  • Next-day funding
  • Option to change the payment date
  • Secured loan option
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You can put your vehicle as collateral to receive lower rates for an Avant loan, and there’s only a soft credit check to start with. You’ll only need a credit score of 550 to be eligible for up to $35,000, and an APR as low as 9.95%. Full Review

Features

4.5/5

Fees

4/5

Ease of Signup

4.5/5

Ease of Funding

4.8/5

3. OneMain Financial

OneMain Financial has several ways to make acquiring a loan easier: an in-house algorithm that evaluates your eligibility and joint cash loans being some of those. With a credit score of 580, you can request a loan of up to $20,000. Full Review

  • Fast funding
  • Joint loans available
  • Useful mobile app
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OneMain Financial has several ways to make acquiring a loan easier: an in-house algorithm that evaluates your eligibility and joint cash loans being some of those. With a credit score of 580, you can request a loan of up to $20,000. Full Review

Features

4.7/5

Fees

4/5

Ease of Signup

4/5

Ease of Funding

4.9/5

4. LendingPoint

Neither bankruptcy nor a score of 580 will stop you from potentially qualifying for LendingPoint’s loan. You can apply for as much as $36,500, and expect flexible repayment terms. There are multiple ways to pay, for your convenience. Full Review

  • Bankruptcy records are not deal breakers
  • Multiple ways to pay
  • No prepayment penalty
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Neither bankruptcy nor a score of 580 will stop you from potentially qualifying for LendingPoint’s loan. You can apply for as much as $36,500, and expect flexible repayment terms. There are multiple ways to pay, for your convenience. Full Review

Features

4.7/5

Fees

4/5

Ease of Signup

4.6/5

Ease of Funding

4.8/5

5. Oportun

From not checking your credit score to allowing a co-borrower on installment loans, Oportun offers a chance to those not usually eligible. You can also use your vehicle to secure the loan and get a lower rate. Oportun is often praised for the flexibility of its loans. Full Review

  • Secured loan and co-borrower features
  • Simple qualification process
  • Doesn’t require a credit score
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From not checking your credit score to allowing a co-borrower on installment loans, Oportun offers a chance to those not usually eligible. You can also use your vehicle to secure the loan and get a lower rate. Oportun is often praised for the flexibility of its loans. Full Review

Features

4.5/5

Fees

4.5/5

Ease of Signup

4.8/5

Ease of Funding

4.8/5

6. Discover

If you have at least a fair credit score, you’ll love Discover’s money-back guarantee, as well as APR as low as 6.99%. There are virtually no fees, the sign-up process is very simple, and you can receive funds in a single business day. Full Review

  • Low APR
  • 30-day money-back guarantee
  • No prepayment fees
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If you have at least a fair credit score, you’ll love Discover’s money-back guarantee, as well as APR as low as 6.99%. There are virtually no fees, the sign-up process is very simple, and you can receive funds in a single business day. Full Review

Features

4.5/5

Fees

4.9/5

Ease of Signup

4.8/5

Ease of Funding

4.8/5

7. LendingClub

LendingClub is a peer-to-peer platform that can help you get both an individual and a joint loan of up to $40,000. APR can be as low as 8.05%, and with fast funding and fixed rates, those with a credit score of 600 should give it a go. Full Review

  • High maximum loan amount
  • Joint loans available
  • Offers direct payments to creditors
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LendingClub is a peer-to-peer platform that can help you get both an individual and a joint loan of up to $40,000. APR can be as low as 8.05%, and with fast funding and fixed rates, those with a credit score of 600 should give it a go. Full Review

Features

4.5/5

Fees

4.5/5

Ease of Signup

4.5/5

Ease of Funding

4/5

Methodology 

To make sure you know where and how to get a personal loan fast, we reviewed and analyzed the following factors:

Loan amount.

This refers to the amount of money you can borrow. Often, you’ll be limited to a few thousand dollars, and the amount varies with each lender.

Origination fee.

You usually need to pay a certain amount of money in order to get a loan, and that applies to the fastest personal loans on our list as well. This is occasionally called an application or administrative fee.

Interest rates.

An interest rate is included in your monthly installment as you repay the loan. We checked which lenders offer the lowest and most flexible interest rates.

Annual Percentage Rate (APR).

This refers to the yearly interest rate applied to a loan on top of the monthly fee.

Fees.

Fast personal loan options for bad credit often charge fees besides the interest rates and APR, such as the monthly service charge and prepayment fees. We reviewed the lenders with the most reasonable fees.

Prepayment Fees.

When you’re fast in paying off your cash loan (ahead of the original due date or loan term), lenders may sometimes charge a prepayment fee. We checked which lenders have such fees.

Loan Term.

This refers to the amount of time you are given to complete repaying your personal loan. The best fast cash loans usually have a loan term ranging between 1 to 5 years.

Read on to find the best quick personal loans providers.

Detailed Reviews

Upstart
Upstart

Those with Great Earning Potential

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  • Fast funding
  • High loan amount
  • Flexible payment terms
  • Can be used for various purposes
  • Charges origination fees
  • No secured or co-signed loan option

Upstart is the perfect lending platform for quick personal loans for those with bad credit who have great earning potential. You can use the loan for various purposes, including debt consolidation, medical expenses, credit card refinancing…

When you apply for their partners’ best cash loans, Upstart will review your credit report. Then, they’ll offer a rate. If you accept, fill out the application form, provide the information they need, and wait to receive your funds. They also offer next-day funding.

You can get between $1,000-$50,000, with an APR of 6.95%-35.99%. The loan term is 3 to 5 years.

You can change your payment dates an unlimited number of times without changing your original due date. If you use the loan to pay credit card debts, Upstart sends your payments directly to creditors.

Thanks to the personal loans with fast approval for bad credit, customer reviews are highly positive. Upstart holds 4.9 stars on Trustpilot, with consumers praising their fast transactions and flexible payment terms. On the flip side, some reviews note that the qualification process sometimes gets arduous.

APR 6.95%-35.99%
Recommended Credit Score 580
Loan Amount $1,000-$50,000
Loan Term  3 to 5 years
Avant
Avant

Those With Poor Credit

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  • Low starting APR
  • Option to change the payment date
  • Next-day funding - borrow money online almost instantly
  • Secured loan option
  • 4.75% origination fee
  • No co-signer or joint loan option
  • Relatively lower maximum loan amount

Avant provides quick cash loans suitable for individuals with bad or poor credit ratings. If you qualify, you can borrow from $2,000 to $35,000.

To be eligible for the quick loan, you’ll undergo a soft credit check, which doesn’t directly affect your credit score. You must also have a minimum credit score of 550.

You’ll have to fill out an application form, review loan offers, verify personal information, and provide documents like proof of income. Thanks to their next-day funding feature, you can get quick online cash.

The APR starts at 9.95%. Their secured loan option lets you use your vehicle as collateral to get a lower APR or a higher loan amount. Repayment terms are 2 to 5 years. There’s no prepayment fee if you pay off your loan early.

As one of the best providers of quick personal loans, Avant has a great reputation among customers. It holds 4.7 out of 5 stars on Trustpilot. Customers praise their great customer service and rates. Meanwhile, some reviewers think it doesn’t offer enough cash loans.

APR 9.95%-35.99%
Recommended Credit Score 550
Loan Amount $2,000-$35,000
Loan Term  2 to 5 years
OneMain Financial
OneMain Financial

Those With a Co-Signer

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  • Useful mobile app
  • Fast funding
  • Secured loans available
  • Joint loans available
  • High APR
  • Low maximum loan amount
  • Has origination fee

OneMain Financial offers a fast personal loan that’s best for people with a bad credit score who need cash quickly. It’s also great for those who want to add a co-signer to help get a lower rate. 

To qualify, you must have a credit score of at least 580. OneMain also uses an in-house algorithm that evaluates your eligibility for a loan. The application process involves meeting with a loan specialist to discuss your options and verify your details. After signing the loan agreement, you can receive quick personal loans the same day.

OneMain allows joint cash loans to help you qualify for a larger loan amount. You can also manage your loan and payments using a mobile app, which is something rare for lenders. 

The APR ranges between 18.00% and 35.99%. The loan amount can be between $1,500 and $20,000, and payment terms are 2 to 5 years for OneMain’s same-day cash loans. 

OneMain Financial has a 4-star rating on ConsumerAffairs, with customers highlighting their flexibility in terms of secured and unsecured loans. On the other hand, many customers criticize OneMain’s higher interest rates.

APR 18.00%-35.99%
Recommended Credit Score 580
Loan Amount $1,500-$20,000
Loan Term  2 to 5 years 
LendingPoint
LendingPoint

Those With a Credit Score 580 or Lower

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  • Low credit scores accepted
  • Bankruptcy records are not deal breakers
  • No prepayment penalty
  • Multiple ways to pay
  • High APR
  • Lower maximum loan amount
  • Doesn’t report to Equifax

LendingPoint offers fast bad credit personal loans that are highly recommended for people who’ve filed bankruptcy in the past. It’s one of the few lenders willing to help such individuals and those with a credit score of 580 or lower.

To qualify for a quick personal loan, you must have at least $35,000 in annual income. You must also have a bank account and provide documents like your Social Security number and government-issued photo ID.

The APR is from 15.49% to 35.49%. You can get as much as $36,500. The loan term is 2 to 4 years. There are multiple ways to pay, including through checks, online, or via a bill management app.

While LendingPoint offers fast loans and flexible terms, it’s worth noting that it doesn’t report to all three credit bureaus — it only reports to Experian and TransUnion, not Equifax.

LendingPoint has a 4.9-star rating on Trustpilot, with consumers praising their great customer service and easy transactions. Meanwhile, a few reviews note that the application process can sometimes be difficult if you have gaps in your employment history.

APR 15.49%-35.49%
Recommended Credit Score 585
Loan Amount $2,000-$36,500
Loan Term  2 to 4 years
Oportun
Oportun

Limited or No Credit History

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  • Doesn’t require a credit score
  • Simple qualification process
  • Term adjustment for those struggling to repay the loan
  • Secured loan and co-borrower features
  • High APR
  • Very low maximum loan amount

Oportun offers personal fast loans that are perfect if you have limited to no credit history. It offers installment loans and the choice to add a co-borrower.

Qualification is fairly simple. You must prove that you have a regular income as well as the ability to pay the loan. You must also provide a valid ID and proof of address, as well as four references. A credit score isn’t necessary to qualify, but Oportun looks through your rent and utility payments.

The loan amount ranges from $300 to $10,000, with an APR of 19.90%-35.99%. You can pay the loan back in 6 months to 4 years. You can add a co-borrower or secure the loan with your vehicle to get a lower rate.

If you’re struggling with repaying loans, they offer a hardship program where they defer payments or rewrite the loan with a lower interest rate. They may also extend the repayment term.

Oportun is a greatly recommended service, according to consumer reviews. They praise the terms and flexibility of the loans. Others, on the other hand, criticize the lender’s customer service and unresponsiveness.

APR 19.90%-35.99%
Recommended Credit Score None
Loan Amount $300-$10,000
Loan Term  6 months to 4 years
Discover
Discover

Those With Fair to Excellent Credit

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  • No origination or application fees
  • No prepayment fees
  • Low APR
  • 30-day money-back guarantee
  • Borrowers need good credit
  • No co-signers allowed

Discover offers fast unsecured personal loans that are perfect for borrowers with fair to excellent credit. And they can use the loans for almost any purpose.

To apply, provide personal information such as your Social Security number, address, and proof of income. Also, state your preferred loan amount and intended loan usage. After choosing a loan offer and providing financial information, submit your application. You can receive the funds in one business day.

You can get a quick personal loan of as a high as $35,000, with an APR range of

6.99%-24.99%. You can then repay it in 3 to 7 years. The ideal credit score for borrowers is around 660.

There are no origination or application fees. If you pay off the loan ahead of the term, there’s no prepayment penalty. You can also benefit from their 30-day money-back guarantee, which allows you to return the personal loan within 30 days. No interest will be charged.

Discover’s average consumer rating is an impressive 4.9 stars. Most reviewers praise its simple loan process and fast funding. Some also note Discover’s good customer service, although a few of them say it can be improved.

APR 6.99%-24.99%
Recommended Credit Score 660
Loan Amount $2,500-$35,000
Loan Term  3 to 7 years
LendingClub
LendingClub

Joint Applications

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  • Joint loans available
  • No prepayment penalties
  • Offers direct payments to creditors
  • High maximum loan amount
  • Longer funding times
  • Personal loans not available nationwide
  • Charges origination fees

LendingClub offers personal loans that are fast and require no credit check for people with poor to fair credit scores. It’s a great peer-to-peer lending platform where you can borrow for a variety of purposes.

To get their approval, choose between an individual or joint application. Then, provide information such as Social Security number and loan purpose.

After submitting your application, you might need to provide additional documents such as proof of income. You can get the funds in 1 to 4 business days.

You can get as high as $40,000 in quick loans, with an APR of 8.05%-35.89%. Their loan terms range between 3 to 5 years.

LendingClub lets you add co-borrowers to better qualify for their offers. You can also borrow low loan amounts (as low as $1,000) if you don’t need a large sum. There’s no prepayment penalty if you pay off the loan early.

LendingClub is also reviewed positively by consumers. On ConsumerAffairs, reviewers love the fast online personal loans the lender offers. They also praise their fast funding and fixed rates. Others note that the loan terms can still be improved, however.

APR 8.05%-35.89%
Recommended Credit Score 600
Loan Amount $1,000-$40,000
Loan Term  3 to 5 years

What Is a Fast Loan?

A personal loan helps you make big purchases or even consolidate high-interest debt. You can also use them to pay for credit card debt since they usually have lower interest rates and monthly payments.

Instant personal loans, as the name suggests, are personal loans you can take out quickly. Typically, you need to apply via an online lender. If you meet the requirements, they’ll approve your application.

How “fast” is fast when it comes to these loans? Should you ask for immediate loans? Typically, lenders can send the funds within a business day if they offer same-day funding. Many others offer next-day funding, while a few others require 4 or more days to process your application.

How to Choose a Personal Loan That Is Fast

When searching for the best instant cash loans, you need to consider a few important factors. Here are some of them:

Check the APR.

APR is the fee charged by the lender on top of the interest rates on the loan. When you take out personal loans, it’s best to compare APRs to know the overall affordability and value of your loan. Here’s a guide on understanding APRs.

Credit Requirements/Documents.

Check whether the lender requires a minimum credit score or if there are documents you need to submit prior to the application. Lenders commonly require you to submit proof of income, proof of employment, or government-issued IDs, among others.

Loan Amount.

depending on your purpose, lenders can provide loan amounts that range from a few hundred dollars to thousands. Make sure the loan amount you’re targeting fits what they offer.

Loan Term.

Loan term refers to the amount of time it’ll take to complete repayment. Most lenders offer quick personal loans that you’ll have years to repay. Larger loan amounts often mean longer loan terms, but interest rates and fees also come into play.

Prepayment Penalties.

When you repay cash loans earlier than the loan term, some lenders charge prepayment fees that might be expensive for you. Always make sure you know all the fees associated with repaying the debt in advance.

Funding Time.

This refers to the time you need to wait before you can receive the loan amount. Many lenders offer same or next-day instant loans online, while others take time depending on your purpose. For instance, debt consolidation loans often take more than 2 business days.

Collaterals/Co-Signed Options.

Online lenders typically offer better rates and higher loan amounts if you can use collateral or if you add a co-signer. Doing such things can help you qualify for the top-rated personal loans around. Check whether your preferred lender offers such features.

Customer Reputation.

Entities that offer quick loans on the same day are often reviewed meticulously by their consumers online. You can always search online for what their customers are saying about their services, fees, the application process, etc. It’s always wise to avoid lenders with highly negative or critical consumer reviews.

How Does This Type of Loan Work

Digging deeper into how these loans work, it’s worth noting that you can use the funds for various purposes other than debt consolidation or credit building. You can use it to finance medical expenses or fund a home improvement project, such as buying furniture.

You can also use the loan to fund a business or learn a new skill. Note, however, that some online lenders don’t permit you to use the funds to pay for higher education expenses.

When repaying personal loans, you pay a fixed amount of installments over a specific period until the debt is completely repaid. The monthly installments include the money toward the principal plus the total interest you owe over the course of the loan term.

A personal loan with fast approval can be either secured or unsecured. Unsecured loans don’t require collateral, and most personal loans are unsecured.

Meanwhile, many lenders also provide the best secured fast loans or those that are backed by assets such as vehicles or properties. In such cases, the lender may offer you lower interest rates, higher loan amounts, or more flexible payment terms.

Overall, instant cash loans let you fund big expenses and break them into smaller payments. This helps you manage your money more easily. They also have lower interest rates than credit cards, making them a great tool for consolidating debt. Their repayment terms are flexible, too, which is a benefit when trying to rebuild poor credit history.

Applying for a Fast Loan

Getting a personal loan fast is relatively straightforward. As with other lenders with any kind of credit you need to undergo a process.

Review Your Credit Report and Score

This is a crucial step in knowing which lender will likely approve your application. Knowing where you stand also helps you minimize the process’s impact on your credit rating, as hard credit checks affect your rating directly. Luckily, most fast personal cash loans providers only do soft credit checks.

Find Lenders

After checking your report, find lenders that are likely to accept your application. These may be a bank, a peer-to-peer lender, or a credit union. Each of these will check your creditworthiness. It’s important to compare their terms and offers before proceeding. Choose the ones that offer the best terms based on your credit rating.

Check the Details

Apart from checking where to get a personal loan fast, you should also check what you can get out of the deal. Check the maximum loan amount you can apply for, interest rates, APR, and other fees, such as origination and prepayment charges. As always, read the fine print before accepting the terms.

Check the Requirements

Before submitting the application, you must provide the required documentation:

  • Personal Details – these may include your name, age, birthday, Social Security number, and photo IDs
  • Contact Details – these may include your email, residential address, phone number, etc.
  • Employment Details – quick personal loans for people with bad credit are often treated as risky. As such, you may also need to provide proof of income, employment history, the contact number of your employer, etc.

Financial Details

These may include your annual income, source/s of income, and other information proving that you can repay the loan.

Submit the Application

Once you’ve chosen the lender with the best personal loan terms for you and provided the necessary details, you can submit the application for approval. At this point, you’ll only have to confirm the funding time or provide any additional documentation that the lender requires.

Things to Consider When Taking Quick Personal Loans

When looking for these loans online, it’s wise to learn everything you can before filing an application. Take note of the following:

Take the Loan Only if Necessary 

Since you can use personal loans for just about everything, it’s easy to automatically assume that you have no other options. There may be less expensive ways to finance a project or pay for debts. The rule of thumb is to take the loan only if necessary.

As such, some of the most common reasons people take out fast cash loans online are:

  • They couldn’t qualify for low-interest credit cards
  • They couldn’t offer any collateral
  • Their current credit is insufficient to fund their needs
  • The personal loan is their least expensive option

If you want to borrow for a fairly short period of time, you may consider same-day personal loans or other loans that don’t take too long to process or repay.

Explore Fees and Interests 

Before sticking with a particular lender, check out what others have to offer first. Not only can they offer bigger loan amounts, but they may also have better terms, interests, and fees.

These fees and charges depend on a variety of factors. The interest rate often depends on the discretion of the lender, but the APR, loan term, and loan amount may be adjusted based on your credit rating and records. The key is exploring as many variants as you can and comparing which ones provide the most value for you.

Borrow the Amount You Can Afford 

In trading, traders only risk what they can afford to lose. The same rings true when it comes to fast online loans. You should only borrow what you can afford to pay.

The smallest personal loan starts at $500, while the biggest can be hundreds of dollars. It’s not wise to take the maximum loan amount from the get-go. Check first if it’s really necessary and if your budget can hold it, even if you are tempted by offers for same-day loans online.

This tip is important for good financial management, especially when you’re rebuilding your credit score. Do otherwise, and you may end up ruining your record instead of fixing it.

Avoid Predatory Lenders 

If you have bad credit, it’s even more important to be extra careful. You must avoid predatory or unscrupulous lenders when searching for any personal loans for bad credit, especially those with guaranteed approval.

There are lenders that have over-the-top interest rates. Payday lenders, for instance, are known for structuring loans in a manner that makes it impossible for you to get out of debt. This is another reason for you to be cautious and consider whether you really need that loan or if you can repay it.

Check If You Can Negotiate 

The market for the best cash loans has become highly competitive and lenders are starting to negotiate with borrowers more often. If you’re checking out a lender, see if you can negotiate your way into a better interest rate, lower APR, longer loan term, or higher total loan amount.

After doing this with one lender, find another lender who may be willing to negotiate a better deal. This will help you to compare your options and end up with the lender that provides the greatest value for your money.

Benefits

If you’re determined to find and apply for personal loans that are fast — and you do it wisely — you’ll enjoy the following benefits:

Higher Borrowing Limits.

Personal loan providers tend to be more generous than credit card lenders. While the range varies, most personal loan lenders let you borrow between $1,000 and $50,000, depending on your eligibility and credit standing.

Chance for Lower Rates.

Quick loans online tend to have higher rates than others, but you can enjoy lower rates if you meet certain requirements. Unsecured personal loans, for instance, charge only 5%-6% APR for well-qualified borrowers. Meanwhile, secured loans can offer more flexible rates based on the asset’s value.

Collateral Isn’t Usually Required.

Even though you have the choice to get a secured loan, it’s not really required or expected from you, especially if you have a pretty good credit standing. If you feel uncomfortable using an asset as collateral, you can opt for other options or negotiate to get better terms.

Flexible Repayment Schedule.

As a loan borrower, you often have control over when you make payments. You’ll also learn from the beginning how much you need to repay every month, how many months you’ll pay, and how much total interest you’re going to pay over the course of the loan. Most lenders allow you to change your monthly payment date, for instance.

Fast Process.

Fast loans online typically require only a couple of business days to process. Although certain lenders take longer, personal loans are still the fastest way to secure funding for almost any purpose as long as you meet eligibility requirements and provide the necessary documentation.

Helps Build Credit.

If you’re looking to rebuild your creditworthiness, getting a personal loan that is fast is a perfect idea. Most lenders report to all three major credit bureaus. So, if you make payments on time and honor their conditions, they’ll report this performance to the bureaus, and it will eventually reflect well on your credit standing.

Alternatives

If the options we’ve provided above don’t work for you, you may also consider the following alternatives. These choices should serve as your ultimate last resort since they have very different structures from quick online loans.

Payday Loans From Credit Unions

A credit union sometimes offers payday loans to members who have good standing, although they take a slightly longer time for approval. Still, if you search well enough, you might just find some fast payday loans online. The good thing is, they overlook your credit score. Instead, they base their approval on your reputation in the company and income.

Again, payday loans aren’t going to be one of your best quick loan options, but they’ll serve well if you only need a small amount and you’ve got months to pay. Keep in mind that they also report your payments to credit bureaus, so make sure you can pay on time.

Loans From a Family Member or Friends

Seeking help from friends or family is great because you can sometimes get money without any interest. Otherwise, you and the friend or family member can draw up an agreement to define the terms of the loan, such as the loan amount or any applicable interest rate.

Credit Cards With Zero Interest 

Credit cards with zero interest often come from issuers that run promotions or that require you to meet certain requirements, and these can be a useful alternative to acquiring quick loans.

Take note that these offers usually only last as long as you adhere to their terms and conditions. For instance, if you’ve recently applied for a credit card and you pay on time for six months, you may enjoy a 0% APR. Missing a payment can end the offer.

Fast Personal Loans At a Glance

Upstart – Best For Those with Great Earning Potential
Avant – Best For Those With Poor Credit
OneMain Financial – Best For Those With a Co-Signer
LendingPoint – Best For Those With a Credit Score 580 or Lower
Oportun – Best For Limited or No Credit History
Discover – Best For those With Fair to Excellent Credit
LendingClub – Best For Joint Applications

Wrap Up

The fastest personal loans for bad credit found online are a great source of funds if you meet the requirements and can repay them. They offer great flexibility in terms of the loan amount.

The ultimate benefit is that you’ll have a handy financial source when you need it, while also helping you to build up a better credit history. Just take time to consider the terms and the suitability of the loan to enjoy their best benefits.

FAQ

How fast can I get a personal loan?

Most people ask how to get a loan fast and the answer is that it really depends on the lender and your eligibility. If you have a good credit score, you can apply and may even get approved within minutes. You can typically get the loan the next day or within 4 business days. Sometimes, you can even get same day funds with some loans.

How can I get a fast loan with bad credit?

You can get fast cash bad credit personal loans with bad credit if you seek out online lenders that provide loans for people in such a situation. Typically, you’ll need to meet their eligibility requirements, such as a minimum credit score and annual income. Others let you use collateral or add a co-signer to get approved faster.

How long does it take personal loans to process?

It usually takes anywhere between 1 to 4 business days if you meet the issuer’s requirements and if you have your documents ready. To get fast personal loans, be prepared to meet such requirements and be willing to wait until the application is approved and funded.