BEST OF

Fast Personal Loans: Best Lenders for Quick Cash

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

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Fast personal loans can provide cash for nearly any purpose, from car repairs to moving expenses. Online lenders are convenient and quick — some can provide same-day or next-day funding for qualified borrowers.

Consider rates and terms — in addition to the time a lender takes to fund a loan — when you compare fast cash loans from online lenders.

The personal loans listed here are from reputable online lenders that check your credit as part of the application process. All the lenders say it takes a few days or less to fund a loan.

Fast Personal Loans: Best Lenders for Quick Cash

Our picks for

Same-day approval, same-day funding

Lightstream
Get rate

on LightStream's website

LightStream

5.0

NerdWallet rating 
Lightstream

Est. APR

4.99-19.99%

Loan amount

$5,000-$100,000

Min. credit score

660
Get rate

on LightStream's website


Min. credit score

660

Key facts

LightStream says it can approve a personal loan application and fund the loan the same day that you apply. This lender looks for good- or excellent-credit borrowers with high incomes and little existing debt.

Pros

  • No fees.

  • Competitive rates among online lenders.

  • Offers 0.5 percentage point rate discount for setting up 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.

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

Qualifications

  • Minimum credit score: 660.

  • Several years of credit history.

  • 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

Rates quoted are with AutoPay. 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. Rates without AutoPay are 0.50% points higher. 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 $25,000 loan at 4.98% APR with a term of 20 years would result in 240 monthly payments of $164.71. Some additional conditions and limitations apply. Advertised rates and terms are subject to change without notice. Truist Bank is an Equal Housing Lender. © 2022 Truist Financial Corporation. Truist, LightStream, and the LightStream logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.

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Alliant Personal Loan
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on NerdWallet's secure website

Alliant Personal Loan

4.5

NerdWallet rating 
Alliant Personal Loan

Est. APR

6.24-27.24%

Loan amount

$1,000-$50,000

Min. credit score

None
See my rates

on NerdWallet's secure website


Min. credit score

None

Key facts

Alliant Credit Union’s personal loans come in a wide range of amounts with same-day funding available in most cases.

Pros

  • No origination or prepayment fees.

  • Able to fund loans the same day.

  • Rate discount for autopay.

  • Offers wide range of loan amounts.

Cons

  • No option to pre-qualify.

  • No co-sign or secured loan option.

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

Qualifications

  • Approval is based on payment method, creditworthiness, ability to repay and term.

Available Term Lengths

1 to 5 years

Fees

  • Origination fee: None.

  • Prepayment fee: None.

  • Late fee: Varies.

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U.S. Bank Personal Loan
See my rates

on NerdWallet's secure website

U.S. Bank Personal Loan

4.5

NerdWallet rating 
U.S. Bank Personal Loan

Est. APR

6.99-19.49%

Loan amount

$1,000-$50,000

Min. credit score

660
See my rates

on NerdWallet's secure website


Min. credit score

660

Key facts

An option for existing U.S. Bank customers, with competitive interest rates, no origination fees and funding within a day.

Pros

  • Offers a 0.50 percentage point rate discount for setting up autopay.

  • No origination or prepayment fees.

  • Offers wide range of loan amounts.

  • Able to fund loans within one business day.

  • Offers mobile app to manage your loan.

Cons

  • No option to pre-qualify.

  • Available in a limited number of states.

  • May require an in-person visit.

Qualifications

  • Minimum credit score: 660.

  • Max debt-to-income ratio: 60% (includes housing).

Available Term Lengths

1 to 5 years

Fees

  • Origination fee: None.

  • Prepayment fee: None.

  • Late fee: $29 after 5-day grace period.

  • Unsuccessful payment fee: $25.

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Our picks for

Same-day approval, next-day funding

LendingPoint
Get rate

on LendingPoint's website

LendingPoint

4.0

NerdWallet rating 
LendingPoint

Est. APR

7.99-35.99%

Loan amount

$2,000-$36,500

Min. credit score

600
Get rate

on LendingPoint's website


Min. credit score

600

Key facts

LendingPoint says it takes minutes to apply, an approval decision is made within seconds, and a loan can be funded the next business day.

Pros

  • Soft credit check with pre-qualification.

  • Option to choose and change your payment date.

  • Can fund a loan the business day after approval.

Cons

  • No co-signed, joint or secured loan option.

  • Rates are high compared to other bad-credit lenders.

  • Reports payments to two of the three major credit bureaus.

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

Qualifications

  • Minimum credit score of 600; average is 673.

  • Minimum income of $40,000; average customer earns $80,000.

  • Debt-to-income ratio of less than 50%, not including mortgage; average customer's ratio is 13%.

Available Term Lengths

2 to 6 years

Fees

  • Origination fee: 0% - 7%.

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

Disclaimer

Applications submitted on this website may be funded by one of several lenders, including: FinWise Bank, a Utah-chartered bank, Member FDIC; Coastal Community Bank, Member FDIC; and LendingPoint, a licensed lender in certain states. 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 7% may apply depending upon your state of residence. Upon final underwriting approval to fund a loan, said funds are often sent via ACH the next non-holiday business day. Loans are offered from $2,000 to $36,500, at rates ranging from 7.99% to 35.99% APR, with terms from 24 to 72 months. Minimum loan amounts apply in Georgia, $3,500; Colorado, $3,001; and Hawaii, $1,500. For a well-qualified customer, a $10,000 loan for a period of 48 months with an APR of 24.34% and origination fee of 7% will have a payment of $327.89 per month. (Actual terms and rate depend on credit history, income, and other factors.) Customers may have the option to deduct the origination fee from the disbursed loan amount if desired. If the origination fee is added to the financed amount, interest is charged on the full principal amount. The total amount due is the total amount of the loan you will have paid after you have made all payments as scheduled.

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Discover
Get rate

on Discover's website

Discover® Personal Loans

5.0

NerdWallet rating 
Discover

Est. APR

5.99-24.99%

Loan amount

$2,500-$35,000

Min. credit score

720
Get rate

on Discover's website


Min. credit score

720

Key facts

Discover says it can approve complete applications the same day they're submitted and fund a loan the next business day.

Pros

  • No origination fee.

  • Offers direct payment to creditors with debt consolidation loans.

  • 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: 720; borrower average is 750.


  • Must be a U.S. citizen or permanent resident.

  • Must be at least 18 years old.

  • Must have a minimum household income of $40,000.

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 5.99%-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.

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OneMain
Get rate

on OneMain Financial's website

OneMain Financial

4.0

NerdWallet rating 
OneMain

Est. APR

18.00-35.99%

Loan amount

$1,500-$20,000

Min. credit score

None
Get rate

on OneMain Financial's website


Min. credit score

None

Key facts

OneMain Financial 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 direct payment to creditors on debt consolidation loans.

Cons

  • Rates are high compared to other online lenders.

  • Charges origination fee.

  • No rate discount for autopay.

Qualifications

  • Minimum credit score: None.

  • Minimum income: None; 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 $300. 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: North Carolina: $7,500. New York: $20,000. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.

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First Tech Credit Union Personal Loan
See my rates

on NerdWallet's secure website

First Tech Credit Union Personal Loan

5.0

NerdWallet rating 
First Tech Credit Union Personal Loan

Est. APR

6.70-18.00%

Loan amount

$500-$50,000

Min. credit score

660
See my rates

on NerdWallet's secure website


Min. credit score

660

Key facts

First Tech aims to provide approval decisions the same day you apply, and it can typically fund the loan the day you’re approved.

Pros

  • Offers co-sign, joint and secure loan options.

  • Able to fund loans within one business day.

  • Offers direct payment to creditors with debt consolidation loans.

  • Offers wide range of loan amounts and repayment terms.

  • No origination or prepayment fees.

Cons

  • Exclusive to credit union members.

  • Reports payments to only one of the three major credit bureaus.

  • No rate discount for autopay.

Qualifications

  • Minimum credit score: 660.

Available Term Lengths

2 to 7 years

Fees

  • Origination fee: None.

  • Prepayment fee: None.

Read Full Review

Our pick for

Approval in a couple of days, same-day funding

Lending Club
Get rate

on LendingClub's website

LendingClub

5.0

NerdWallet rating 
Lending Club

Est. APR

6.34-35.89%

Loan amount

$1,000-$40,000

Min. credit score

600
Get rate

on LendingClub's website


Min. credit score

600

Key facts

LendingClub loans have limited term lengths, but you can add a co-borrower and funding can be as fast as same day once you're approved.

Pros

  • Offers joint loan options.

  • Offers direct payment to creditors with debt consolidation loans.

  • Soft credit check with pre-qualification.

  • Option to change the payment date.

Cons

  • Borrowers can choose from two repayment term options only.

  • Charges an origination fee.

Qualifications

  • Minimum credit score: 600.

  • Maximum DTI: 60%; 40% for joint applicants.

  • Minimum credit history: More than 18 months.

  • Minimum number of accounts on credit report: Two revolving accounts.

  • Monthly income after paying other debts and living expenses should be enough to cover the new personal loan payments.

Available Term Lengths

3 to 5 years

Fees

  • Origination fee: 2% to 6%.

  • Late fee: Greater of $15 or 5% of payment after 15-day grace period.

Disclaimer

A representative example of loan payment terms is as follows: you receive a loan of $13,411 for a term of 36 months, with an interest rate of 12.16% and a 5.30% origination fee of $711, for an APR of 15.99%. In this example, you will receive $12,700 and will make 36 monthly payments of $446.46. Loan amounts range from $1,000 to $40,000 and loan term lengths are 36 months or 60 months. Some amounts and term lengths may be unavailable in certain states. APR ranges from 7.04% to 35.89% and is determined at the time of application. Origination fee ranges from 3% to 6% of the loan amount. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are valid as of 7/1/21 and are subject to change without notice. Loans are made by LendingClub Bank, N.A., Member FDIC (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Loans are subject to credit approval and sufficient investor commitment before they can be funded or issued. Certain information that we subsequently obtain as part of the application process (including but not limited to information in your consumer report, your income, the loan amount that your request, the purpose of your loan, and qualifying debt) will be considered and could affect your ability to obtain a loan from us. Loan closing is contingent on accepting all required agreements and disclosures at Lendingclub.com. “LendingClub” is a trademark of LendingClub Bank.

Read Full Review

How to get a fast personal loan

There are a few steps you can take to prepare for your loan application to help move it along quickly:

  1. Gather documentation: Know what you need to apply for the loan so the lender can easily verify your identity, income and other information. Lenders often say their ability to fund a loan quickly depends on borrowers’ responsiveness to requests for documentation.

  2. Calculate estimated payments: Use a personal loan calculator to see how credit score and the length of the loan term can affect monthly payments. Then consider how the estimated monthly payment may impact your budget.

  3. Pre-qualify and compare loans: Pre-qualifying for a personal loan helps lenders understand your creditworthiness and shows you how much you may qualify for. It doesn’t guarantee you a loan, but it can help you compare loans without affecting your credit score. It’s a good idea to research lenders to identify loans with the lowest rate. This may mean looking at your bank, local credit union and online lenders for comparison.

  4. Apply: You can apply for a personal loan in person or online, depending on your lender. Smaller banks and credit unions may request in-person applications, while online lenders offer web-based applications. You can typically get a decision within a day after submitting all the necessary information. If you're approved, expect to receive the funds in your bank account within a day or two.

Fast loans online

Online lenders can be a convenient and fast option for personal loans. Many online lenders let you pre-qualify to estimate your rate without affecting your credit score. They often let you apply, receive the money and make payments completely online.

Online loans typically have annual percentage rates from 6% to 36%, and loan amounts range from $1,000 to $100,000. Researching lenders to find one that matches your needs and credit score can expedite the application process. Lenders like Discover and LightStream can be options for those with excellent to good credit (FICO score of 690 or higher), while LendingPoint and OneMain Financial accept borrowers with fair or bad credit (FICO score below 690).

Fast credit union loans

Some federal credit unions can fund personal loans quickly. Alliant Credit Union, for example, funds loan the same or next day, while First Tech borrowers can get their funds between the day they apply and two business days later.

Federal credit unions cap annual percentage rates at 18% on personal loans. Credit unions may also use an applicant's history as a member to inform loan decisions, so if you've been in good standing with a credit union for a while, that may be a factor in a loan decision.

Fast loans for bad credit

Some lenders offer fast loans for borrowers with bad credit (629 or lower FICO). If you have bad credit, a low debt-to-income ratio and proof of stable income will help you qualify.

Your credit score doesn't affect how long it takes for a lender to fund your loan, but your loan is likely to have a high APR, and you may not be approved for a large loan amount.

Though many online lenders can fund loans quickly, take the time to compare bad-credit loans before borrowing and make a plan to repay the loan.

Fast cash without a loan

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

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 our lender partners won’t affect your credit score.

Last updated on May 27, 2022

Methodology

NerdWallet’s review process evaluates and rates personal loan products from more than 35 financial institutions. We collect over 45 data points from each lender, interview company representatives and compare the lender with others that seek the same customer or offer a similar personal loan product. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.

Our star ratings award points to lenders that offer consumer-friendly features, including: soft credit checks to pre-qualify, competitive interest rates and no fees, transparency of rates and terms, flexible payment options, fast funding times, accessible customer service, reporting of payments to credit bureaus and financial education. We also consider regulatory actions filed by agencies like the Consumer Financial Protection Bureau. We weigh these factors based on our assessment of which are the most important to consumers and how meaningfully they impact consumers’ experiences.

This methodology applies only to lenders that cap interest rates at 36%, the maximum rate most financial experts and consumer advocates agree is the acceptable limit for a loan to be affordable. NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodologies for personal loans and our editorial guidelines.

To recap our selections...

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

Frequently asked questions