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Fast Personal Loans: Best Lenders for Quick Cash

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Fast personal loans are one option to pay for emergencies and other short-term borrowing needs. Compare rates and terms and stick with reputable lenders.

Summary of Fast Personal Loans: Best Lenders for Quick Cash

LenderBest ForEst. APRMin. Credit ScoreLearn More
Lightstream

LightStream

on LightStream's website

Fast loans with same-day funding

5.49 - 17.49%

660

on LightStream's website

RocketLoans

Rocket Loans

on Rocket Loans's website

Fast loans with same-day funding

6.85 - 28.90%

640

on Rocket Loans's website

OneMain

OneMain Financial

on OneMain Financial's website

Fast loans with same-day funding

18.00 - 35.99%

None

on OneMain Financial's website

LendingPoint

LendingPoint

on LendingPoint's website

Fast loans funded by the next day

10.99 - 35.99%

585

on LendingPoint's website

Upstart

Upstart

on Upstart's website

Fast loans funded by the next day

6.14 - 35.99%

580

on Upstart's website

Avant

Avant

on Avant's website

Fast loans funded by the next day

9.95 - 35.99%

580

on Avant's website

BestEgg

Best Egg

on Best Egg's website

Fast loans funded by the next day

5.99 - 29.99%

640

on Best Egg's website

Discover

Discover® Personal Loans

See my rates

on NerdWallet's secure website

Fast loans funded by the next day

6.99 - 24.99%

660

See my rates

on NerdWallet's secure website

LenderBest ForEst. APRMin. Credit ScoreLearn More
Lightstream

LightStream

on LightStream's website

Fast loans with same-day funding

5.49 - 17.49%

660

on LightStream's website

RocketLoans

Rocket Loans

on Rocket Loans's website

Fast loans with same-day funding

6.85 - 28.90%

640

on Rocket Loans's website

OneMain

OneMain Financial

on OneMain Financial's website

Fast loans with same-day funding

18.00 - 35.99%

None

on OneMain Financial's website

LendingPoint

LendingPoint

on LendingPoint's website

Fast loans funded by the next day

10.99 - 35.99%

585

on LendingPoint's website

Upstart

Upstart

on Upstart's website

Fast loans funded by the next day

6.14 - 35.99%

580

on Upstart's website

Avant

Avant

on Avant's website

Fast loans funded by the next day

9.95 - 35.99%

580

on Avant's website

BestEgg

Best Egg

on Best Egg's website

Fast loans funded by the next day

5.99 - 29.99%

640

on Best Egg's website

Discover

Discover® Personal Loans

See my rates

on NerdWallet's secure website

Fast loans funded by the next day

6.99 - 24.99%

660

See my rates

on NerdWallet's secure website

Our picks for

Fast loans with same-day funding

Lightstream

on LightStream's website

LightStream

Lightstream

Min. Credit Score

660

Est. APR

5.49 - 17.49%

Loan Amount

$5,000 - $100,000

on LightStream's website


Min. Credit Score

660

Key facts

LightStream offers same-day funding if your application is approved before 2:30 p.m. ET on a business day.

Pros

  • No fees.

  • Co-sign option.

  • Low starting rates.

Cons

  • Does not offer pre-qualification on its website.

  • Requires several years of credit history.

Qualifications

  • Minimum credit score of 660.

  • No minimum income specified.

  • Maximum debt-to-income ratio varies depending on loan purpose.

Available Term Lengths

2 to 7 years

Fees

  • Origination fee: None.

  • Late fee: None.

Disclaimer

Your loan terms are not guaranteed and may vary based on loan purpose, length of loan, loan amount, credit history and payment method (AutoPay or Invoice). Rate quote includes AutoPay discount. AutoPay discount is only available when selected prior to loan funding. To obtain a loan, you must complete an application on LightStream.com which, may affect your credit score. You may be required to verify income, identity and other stated application information. Payment example: Monthly payments for a $5,000 loan at 12.8% APR with a term of 3 years would result in 36 monthly payments of $168. Some additional conditions and limitations apply. Advertised rates and terms are subject to change without notice. SunTrust Bank is an Equal Housing Lender. ©2019 SunTrust Banks, Inc. All rights reserved. SUNTRUST, LIGHTSTREAM and the LightStream logo are trademarks of SunTrust Banks, Inc. All other trademarks are the property of their respective owners. Lending services provided by SunTrust Bank.

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RocketLoans

on Rocket Loans's website

Rocket Loans

RocketLoans

Min. Credit Score

640

Est. APR

6.85 - 28.90%

Loan Amount

$2,000 - $45,000

on Rocket Loans's website


Min. Credit Score

640

Key facts

Rocket Loans requires you to complete your application and get approved before 1 p.m. ET.

Pros

  • Fast funding.

  • Soft credit check with application.

  • Low starting rates.

Cons

  • Origination and late fees.

  • Does not offer direct payment to creditors for debt consolidation loans.

  • No co-sign or secured loan option.

Qualifications

  • Minimum credit score: 640, but average is 710.

  • Minimum credit history: Two years, but average is 18 years.

  • Minimum annual income: $24,000, but average is $87,000.

  • Debt-to-income ratio: 40%, but average is 14%.

Available Term Lengths

3 to 5 years

Fees

  • Origination fee: 1% - 6%.

  • Late fee: $15 after 10-day grace period.

  • Unsuccessful payment fee: $15.

Disclaimer

All personal loans are made by Cross River Bank, a New Jersey state chartered commercial bank, Member FDIC, Equal Housing Lender. All loans are unsecured, fully amortizing personal loans. Eligibility for a loan is not guaranteed. Please refer to our Disclosures and Licenses page for state required disclosures, licenses, and lending restrictions. Borrower must be a U.S. citizen or permanent U.S. resident alien at least 18 years of age (in Nebraska and Alabama a borrower must be at least 19 years of age). All loan applications are subject to credit review and approval. Offered loan terms depend upon your credit profile, requested amount, requested loan term, credit usage, credit history and other factors. Not all borrowers receive the lowest interest rate. To qualify for the lowest rate, you must have excellent credit, meet certain conditions, and select autopay. Rates and Terms are subject to change at any time without notice. Please refer to RocketLoans.com and our Terms of Use for additional terms and conditions.

Read Full Review
OneMain

on OneMain Financial's website

OneMain Financial

OneMain

Min. Credit Score

None

Est. APR

18.00 - 35.99%

Loan Amount

$1,500 - $20,000

on OneMain Financial's website


Min. Credit Score

None

Key facts

OneMain Financial, an option for borrowers with poor credit, funds personal loans as soon as the same day if you complete an online application early in the day and visit a branch to receive your loan funds via check. Sending funds automatically to your bank account can take one to two business days.

Pros

  • Fast funding.

  • Co-sign option.

  • Free credit score access.

Cons

  • May charge origination fee.

  • High rates.

Qualifications

  • Minimum credit score: None, average is 600 to 650.

  • Minimum credit history: Not provided.

  • Minimum annual income: None, average is $49,000.

Available Term Lengths

2 to 5 years

Fees

  • Origination fee: Varies by state.

Disclaimer

Not all applicants will qualify for larger loan amounts or most favorable loan terms. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Maximum annual percentage rate (APR) is 35.99%, subject to state restrictions. APRs are generally higher on loans not secured by a vehicle. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $30 to $150. Percentage-based fees vary by state ranging from 1% to 5% of your loan amount subject to certain state limits on the fee amount. Active duty military, their spouse or dependents covered under the Military Lending Act may not pledge any vehicle as collateral for a loan. OneMain loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z, such as college, university or vocational expenses; for any business or commercial purpose; to purchase securities; or for gambling or illegal purposes. Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. Ohio: $2,000. Virginia: $2,600. Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: Florida: $8,000. Iowa: $8,500. Maine: $7,000. Mississippi: $7,500. North Carolina: $7,500. New York: $20,000. Texas: $8,000. West Virginia: $14,000. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.

Read Full Review

Our picks for

Fast loans funded by the next day

LendingPoint

on LendingPoint's website

LendingPoint

LendingPoint

Min. Credit Score

585

Est. APR

10.99 - 35.99%

Loan Amount

$2,000 - $25,000

on LendingPoint's website


Min. Credit Score

585

Key facts

LendingPoint applicants can get funding the next business day, as long as you promptly provide the required documents and accept the loan terms.

Pros

  • Qualify with bad credit.

  • No prepayment fee.

  • Flexible payments.

Cons

  • Does not offer direct payment to creditors for debt consolidation loans.

  • No co-sign or secured loan options.

Qualifications

  • Minimum credit score of 600.

  • At least $20,000 in annual income.

  • Debt-to-income ratio of less than 35%.

  • Live in the District of Columbia or one of the states where LendingPoint operates.

Available Term Lengths

2 to 4 years

Fees

  • Origination fee: 0% - 6%.

  • Late fee: $30 after 15-day grace period.

Disclaimer

Loan approval is not guaranteed. Actual loan offers and loan amounts, terms and annual percentage rates (“APR”) may vary based upon LendingPoint's proprietary scoring and underwriting system's review of your credit, financial condition, other factors, and supporting documents or information you provide. Origination or other fees from 0% to 6% may apply depending upon your state of residence. Upon LendingPoint's final underwriting approval to fund a loan, said funds are often sent via ACH the next non-holiday business day. LendingPoint makes loan offers from $2,000 to $25,000, at rates ranging from a low of 15.49% APR to a high of 34.99% APR, with terms from 24 to 48 months.

Read Full Review
Upstart

on Upstart's website

Upstart

Upstart

Min. Credit Score

580

Est. APR

6.14 - 35.99%

Loan Amount

$1,000 - $50,000

on Upstart's website


Min. Credit Score

580

Key facts

Upstart personal loans can be funded by the next business day if you accept the loan offer by 5 p.m. ET. (Loans used for education-related expenses require a three-day waiting period.)

Pros

  • Accepts borrowers new to credit.

  • Fast funding.

Cons

  • Origination and late fees.

  • No secured or co-sign option.

Qualifications

  • Minimum credit score: 580.

  • Minimum credit history: None.

  • Minimum annual income: $12,000.

  • Max debt-to-income ratio: 45%.

Available Term Lengths

3 to 5 years

Fees

  • Origination fee: 0% - 8%.

  • Late fee: 5% of past due amount or $15, whichever is greater.

Disclaimer

Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Loans are not available in West Virginia or Iowa. The minimum loan amount in MA is $7,000. The minimum loan amount in Ohio is $6,000. The minimum loan amount in NM is $5,001. The minimum loan amount in GA is $3,100. The full range of available rates varies by state. The average 3-year loan on Upstart will have an APR of 20% and 36 monthly payments of $35 per $1,000 borrowed. There is no down payment and no prepayment penalty. The average APR on Upstart is calculated based on 3-year rates offered in the last 1 month. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.

Read Full Review
Avant

on Avant's website

Avant

Min. Credit Score

580

Est. APR

9.95 - 35.99%

Loan Amount

$2,000 - $35,000

on Avant's website


Min. Credit Score

580

Key facts

You can complete an online personal loan application with Avant in a few minutes; funding may then be deposited to your bank account the next business day.

Pros

  • Low minimum credit score.

  • Refinancing option.

  • No prepayment fee.

Cons

  • No co-sign or secured loan option.

  • Does not offer direct payment to creditors for debt consolidation loans.

Qualifications

  • Minimum credit score of 580.

  • At least $20,000 in gross annual income.

Available Term Lengths

2 to 5 years

Fees

  • Administrative fee: 4.75%.

  • Late fee: $25 (most states).

  • Unsuccessful payment fee: $15 (most states).

Disclaimer

$5,700 loan with an administration fee of 4.75% and an amount financed of $5,429.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $230.33. The actual rate and loan amount that a customer qualifies for may vary based on credit determination and other factors. Avant branded credit products are issued by WebBank, member FDIC

Read Full Review
BestEgg

on Best Egg's website

Best Egg

BestEgg

Min. Credit Score

640

Est. APR

5.99 - 29.99%

Loan Amount

$2,000 - $35,000

on Best Egg's website


Min. Credit Score

640

Key facts

You can complete an online personal loan application with Best Egg in a few minutes; funding may then be deposited to your bank account the next business day.

Pros

  • Fast funding.

  • Low starting rates.

  • Pre-qualify with a soft credit check.

Cons

  • Origination and late fees.

  • Typical borrower has several years of credit history.

Qualifications

  • Minimum credit score: 640.

  • Minimum credit history: Not specified.

  • Minimum annual income: Not specified, but average is $80,000.

  • Debt-to-income ratio: Not specified, but typically less than 35%.

Available Term Lengths

3 to 5 years

Fees

  • Origination fee: 0.99% - 5.99%.

  • Late fee: $15.

  • Return fee: $15 if payments are not processed.

Disclaimer

Trustpilot TrustScore as of November 2019. Best Egg loans are unsecured personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC. “Best Egg” is a trademark of Marlette Funding, LLC. All uses of “Best Egg” refer to “the Best Egg personal loan” and/or “Best Egg on behalf of Cross River Bank, as originator of the Best Egg personal loan,” as applicable. The term, amount and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. Your loan agreement will contain specific terms and conditions. The timing of available funds upon loan approval may vary depending upon your bank’s policies. Loan amounts range from $2,000–$35,000. Residents of Massachusetts have a minimum loan amount of $6,500 ; New Mexico and Ohio, $5,000; and Georgia, $3,000. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $50,000. Annual Percentage Rates (APRs) range from 5.99%–29.99%.  The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%–5.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate. You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest APR. To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.

Read Full Review
Discover
See my rates

on NerdWallet's secure website

Discover® Personal Loans

Discover

Min. Credit Score

660

Est. APR

6.99 - 24.99%

Loan Amount

$2,500 - $35,000

See my rates

on NerdWallet's secure website


Min. Credit Score

660

Key facts

Discover applicants can get funding the next business day, as long as you promptly provide the required documents and accept the loan terms.

Pros

  • Free credit score access.

  • No origination fee.

  • Option to directly pay creditors.

  • Flexible payment options.

Cons

  • Charges late fees.

  • No refinancing option.

Qualifications

  • Minimum credit score required: 660; borrowers' average score is about 750.

  • Minimum gross income required: $25,000, but typically much higher.

  • Minimum credit history: Not provided.

  • Maximum debt-to-income ratio: Not provided.

Available Term Lengths

3 to 7 years

Fees

  • Origination fee: None.

  • Late fee: $39.

Disclaimer

This is not a commitment to lend from Discover Personal Loans. Your approval for a loan is determined once you apply and is based on your application information and credit history. Your APR will be between 6.99-24.99% based upon creditworthiness at time of application. Not all applications will be approved.

Read Full Review

Fast loans: What to know before you borrow

  • Loans from payday lenders and pawnshops can get you money quickly, but these options carry high annual percentage rates. Loans from reputable online lenders may take longer, but they cost far less over the term.
  • Before you apply for a personal loan, know what you need to apply for the loan so the lender can quickly verify your identity and other information. How fast you receive your loan depends a lot on your responsiveness to a lender’s requests for documentation as well as how quickly your bank processes the transaction.
  • Calculate your estimated payments and determine how they impact your budget over the term length.
  • Shop at multiple lenders and choose the loan with the lowest rate for a given term. Most online lenders let you pre-qualify with a soft credit check to estimate your rate. Doing so won't impact your credit score.

» MORE: Best lenders for small loans

Fast cash without a loan

Before you make the decision to borrow — and especially if the rate you qualify for is high — see if you can delay the expense or find interest-free sources of cash. NerdWallet recommends trying all these cheaper alternatives before taking a high-cost loan:

» MORE: 4 questions to ask before rushing to a lender

Next step: Pre-qualify on NerdWallet

When you pre-qualify with multiple lenders, you get the chance to compare rates, loan features and terms. Pre-qualifying on NerdWallet with lenders that partner with us won’t affect your credit score.

Last updated on September 20, 2019

Methodology

NerdWallet's ratings for personal loans award points to lenders that offer consumer-friendly features, including soft credit checks, no fees, transparency of loan rates and terms, flexible payment options, accessible customer service, reporting of payments to credit bureaus and financial education. We also consider the number of complaints filed with agencies like the Consumer Financial Protection Bureau. This methodology applies only to lenders that cap interest rates at 36%, the maximum rate financial experts and consumer advocates agree is the acceptable limit for a loan to be affordable. NerdWallet does not receive compensation of any sort for our reviews.

To recap our selections...

NerdWallet's Fast Personal Loans: Best Lenders for Quick Cash