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Quick Personal Loans: Best Lenders for Fast Cash

Feb. 1, 2019
Loans, Personal Loans
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Sometimes you need a fast cash loan, whether it’s to pay for car repairs, unexpected medical bills or moving expenses. One source is online lenders, many of which provide funding for personal loans the same day or by the next day.

Compare these options for fast cash personal loans from online lenders.

Quick loans with same-day funding: LightStream, Rocket Loans, OneMain

LightStream offers same-day funding if your application is approved before 2:30 p.m. ET on a business day. Rocket Loans requires you to complete your application and get approved before 1 p.m. ET.

5.0 NerdWallet rating

• APR: 3.99% - 16.99% (with autopay).

• Loan amount: $5,000 - $100,000.

• Loan terms: 2 to 7 years.

• Minimum credit score: 660.

• Time to funding: As soon as the same day.

• Fees: None.

Read our review.

Check Rate Click to pre-qualify on NerdWallet.
4.0 NerdWallet rating

• APR: 5.98% - 29.99%.

• Loan amount: $2,000 to $45,000.

• Loan terms: 3 or 5 years.

• Minimum credit score: 640.

• Time to funding: Typically 24 hours.

• Fees: Origination fee of 1% - 6% of loan amount; fees for late payment, unsuccessful payment and personal check use.

Read our review.

Check Rate Click to pre-qualify on NerdWallet.

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.

4.0 NerdWallet rating

• APRs: 16.05% - 35.99%

• Loan amount: $1,500-$30,000

• Loan terms: 2 to 5 years

• Minimum credit score: None, but borrowers average 600 to 650

• Time to funding: Same day

• Fees: Origination and late fees; both vary by state

Read our review

Check Rate Click “Check Rate” to pre-qualify on NerdWallet.

Quick loans funded by the next day: Avant, Best Egg, Discover, LendingPoint, Upstart

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

4.0 NerdWallet rating

• APR: 9.95% - 35.99%.

• Loan amount: $2,000 - $35,000.

• Loan terms: 2 to 5 years.

• Minimum credit score: 580.

• Time to funding: As soon as the next business day.

• Fees: Administrative fee of 4.75% of loan amount; fees for late payment and unsuccessful payment.

Read our review.

Check rate Click to pre-qualify on NerdWallet.
4.0 NerdWallet rating

•APR: 5.99% - 29.99%

•Loan amount: $2,000 - $35,000

•Loan terms: 3 or 5 years

•Minimum credit score: 640; average is 700

•Time to funding: As fast as one day

•Fees: Origination fee of 0.99% - 5.99% of loan amount, late fee of $15

Read our review

Check Rate Click to pre-qualify on NerdWallet.

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

4.5 NerdWallet rating

• APR: 6.99% - 24.99%.

• Loan amount: $2,500 to $35,000.

• Loan terms: 3 to 7 years.

• Minimum credit score: 660.

• Time to funding: Next-day, up to a week.

• Fees: No origination fee. Fee for late payment.

Read our review.

Compare rates Click to compare rates on NerdWallet.
3.0 NerdWallet rating

•APR: 15.49% - 35.99%

•Loan amount: $2,000 - $25,000

•Loan terms: 2 to 4 years

•Minimum credit score: 600

•Time to funding: Next day, in some cases

•Fees: Origination fee of up to 6% of loan amount; fees for late payment

Read our review

Check Rate Click to pre-qualify on NerdWallet.

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.)

4.0 NerdWallet rating

•APR: 8.89% - 35.99%

•Loan amount: $1,000 - $50,000

•Loan terms: 3 or 5 years

•Minimum credit score: 620

•Time to funding: Next business day

•Fees: Origination fee of 0% - 8% of loan amount. Fees for late payment and unsuccessful payment

Read our review

Check Rate Click pre-qualify on NerdWallet.

Quick loans: Summary of options

LenderFastest funding timeGet started
LightStream
5.0 NerdWallet rating
Same day
at LightStream
OneMain Financial
4.0 NerdWallet rating
Same day
at OneMain
Rocket Loans
4.0 NerdWallet rating
Same day (loans up to $25,000)
at Rocket Loans
Avant
4.0 NerdWallet rating
Next day
at Avant
Best Egg
4.0 NerdWallet rating
Next day
at Best Egg
Discover
4.5 NerdWallet rating
Next day
on NerdWallet
LendingPoint
3.0 NerdWallet rating
Next day
at LendingPoint
Upstart
4.0 NerdWallet rating
Next day
at Upstart
Click “Check Rate” to pre-qualify on NerdWallet and receive personalized rates from multiple lenders.

Quick 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, gather the data you need so the lender can more quickly verify your identity and other information.
  • 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 run a soft credit check to estimate your rate, so your credit score won’t take a hit.
  • If you can wait more than a week, credit union loans and bank loans are options. Federal credit unions also have “payday alternative loans” — with a maximum APR of 28%.

Quick cash without a loan

Before you make the decision to borrow, see if you can delay paying for the emergency expense or find interest-free sources of cash. Take the quiz below to explore your options:

Recap: Quick Personal Loans

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