Fast Personal Loans: Best Lenders for Quick Cash

on LightStream's website

LightStream

5.0

Min. Credit Score

660

Est. APR

4.49 - 20.49%

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.
Competitive rates among online lenders.
Rate discount for autopay.
Special features including rate beat program and satisfaction guarantee.

Cons

No option to pre-qualify on its website.
Requires several years of credit history.

Qualifications

Minimum credit score: 660.
Several years of credit history; excellent-credit borrowers have at least five, according to LightStream.
Multiple account types within your credit history, like credit cards, a car loan or other installment loan and a mortgage.
Strong payment history with few or no delinquencies.
Investments, retirement savings or other evidence of an ability to save money.
Enough income to pay existing debts and a new LightStream loan.

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). 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 now Truist is an Equal Housing Lender. © 2020 Truist Financial Corporation. SunTrust®, Truist, LightStream®, the LightStream logo, and the SunTrust logo are service marks of Truist Financial Corporation. All rights reserved. All other trademarks are the property of their respective owners. Lending services provided by SunTrust now Truist Bank.

on OneMain Financial's website

OneMain Financial

4.0

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

Option to choose your payment date.
Offers joint and secured loans.
Able to fund a loan the same or next business day.
Offers online educational resources.

Cons

Rates are high compared to other online lenders.
Charges origination fee.
Does not offer direct payment to creditors on debt consolidation loans.

Qualifications

Minimum credit score: None.
Maximum debt-to-income ratio: None.
Minimum income: Not disclosed; average is $45,000.

Available Term Lengths

2 to 5 years

Fees

Origination fee: $25 to $400 or 1 - 10%

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 $25 to $400. Percentage-based fees vary by state ranging from 1% to 10% 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.

on NerdWallet's secure website

Rocket Loans

4.0

Min. Credit Score

580

Est. APR

7.16 - 29.99%

Loan Amount

$2,000 - $45,000

on NerdWallet's secure website

Min. Credit Score

580

Key facts

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

Pros

Soft credit check with pre-qualification.
Competitive rates among fair-credit lenders.
Rate discount for autopay.
Able to fund loans the same day.
Offers small loans of $2,000.

Cons

Charges origination fee.
Does not offer direct payment to creditors with debt consolidation loans.
No option to choose or change your payment date.
Borrowers can choose from only two repayment term options.
No co-sign, joint or secured loan option.

Qualifications

Minimum credit score: 640; borrower average is 710.
Minimum credit history: Over two years.
Minimum annual income: $24,000; borrower average is $85,000.
Maximum debt-to-income ratio: 40% or 70% including mortgage; borrower average is 14%.
Must be at least 18 years old (19 in Alabama and Nebraska).
Must provide Social Security number.

Available Term Lengths

3 to 5 years

Fees

Origination fee: 1% to 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.

Our picks for

Fast loans funded by the next day

on Avant's website

Avant

4.0

Min. Credit Score

550

Est. APR

9.95 - 35.99%

Loan Amount

$2,000 - $35,000

on Avant's website

Min. Credit Score

550

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

Able to fund loans the next business day.
Option to change your payment date.
Soft credit check with pre-qualification.
Offers secured loan option.

Cons

Charge an origination fee.
Does not offer direct payment to creditors with debt consolidation loans.
No co-sign or joint loan option.

Qualifications

Minimum credit score of 550.

Available Term Lengths

2 to 5 years

Fees

Administrative fee: Up to 4.75%.
Late fee: $25 (most states).
Unsuccessful payment fee: $15 (most states).

Disclaimer

A $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. Minimum loan amounts may vary by state. If approved, the actual rate and loan amount that a customer qualifies for may vary based on credit determination and other factors. An administration fee of up to 4.75% will be deducted from the loan proceeds. Avant branded credit products are issued by Webbank, member FDIC

on Upstart's website

Upstart

4.5

Min. Credit Score

580

Est. APR

6.16 - 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.
Able to fund loans within one business day.
Offers direct payment to creditors with some debt consolidation loans.

Cons

Borrowers can choose from only two repayment term options.
Charges origination fee.

Qualifications

Minimum credit score: 580.
Minimum credit history: none, this lender accepts borrowers with credit history too limited to produce a FICO score.
Minimum gross income: $12,000.
Employment: Full-time job, full-time job offer starting in 6 months, a regular part-time job, or another source of regular income.
Must have U.S. residential street address where borrower resides (unless military personnel on active duty).
Must be at least 18 years old.
Valid email account required.
Personal bank account with U.S. routing number required.

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

1)This offer is conditioned on final approval based on our consideration and verification of financial and non-financial information. Rate and loan amount are subject to change based upon information received in your full application. This offer may be accepted only by the person identified in this offer, who is old enough to legally enter into contract for the extension of credit, a US citizen or permanent resident, and a current resident of the US. Duplicate offers received are void. Closing your loan is contingent on your meeting our eligibility requirements, our verification of your information, and your agreement to the terms and conditions on the www.upstart.com website. 2) § 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. 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 $5,100. The minimum loan amount in GA is $3,100. 3) ‡ The full range of available rates varies by state. The average 3-year loan offered across all lenders using the Upstart platform will have an APR of 15% and 36 monthly payments of $33 per $1,000 borrowed. There is no down payment and no prepayment penalty. Average APR 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.

on Best Egg's website

Best Egg

4.5

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

Competitive rates among fair-credit lenders.
Able to fund loans within one business day.
Secured loan option for homeowners.

Cons

Charges origination fee.
Charges $15 late fee.
Does not offer direct payment to creditors with debt consolidation loans.
Borrowers can choose from only two repayment term options.

Qualifications

Minimum credit score: 600; borrower average is 700.
Minimum credit history: 3 years and 3 accounts.
Minimum income: No minimum income requirement; borrower average is $80,000. Borrower must have enough cash flow to cover current financial obligations.
Minimum debt-to-income ratio: 40% or 65% including a mortgage; borrower average is 40%.
Employment: Must provide proof of income; part-time employees are eligible.
Must provide valid U.S. address and Social Security number.

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 June 2020. 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 sc-ore, 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%–6.99% 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. What this means for you: 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. We may also ask to see your driver’s license or other identifying documents.

on LendingPoint's website

LendingPoint

3.5

Min. Credit Score

585

Est. APR

15.49 - 35.49%

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

Soft credit check with pre-qualification.
Option to change your payment date.
Can fund a loan the business day after approval.

Cons

No co-signed or joint loan option.
Rates are high compared to other bad-credit and online lenders.
Reports payments to two of the three major credit bureaus.

Qualifications

Minimum credit score of 585; borrowers’ average is 670. LendingPoint uses the FICO 9 credit scoring model.
At least $35,000 in annual income; average customer earns $85,000.
Debt-to-income ratio of less than 40%; average customer is 15%.

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.

on NerdWallet's secure website

Discover® Personal Loans

5.0

Min. Credit Score

660

Est. APR

6.99 - 24.99%

Loan Amount

$2,500 - $35,000

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

No origination fee.
Offers direct payment to creditors.
Offers mobile app to manage loan.
Able to fund loans within one business day.
Wide variety of repayment term options.

Cons

Charges late fee.
No co-signed, joint or secured loan options.
No rate discount for autopay.

Qualifications

Minimum credit score: 660; borrower average is 750.
Must be a U.S. citizen or permanent resident.
Must be at least 18 years old.

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 for loan terms of 36-84 months. For example, if you get approved for a $15,000 loan at 6.99% APR for a term of 72 months, you’ll pay just $256 per month. Our lowest rates are available to consumers with the best credit. Many factors are used to determine your rate, such as your credit history, application information and the term you select. Not all applications will be approved.