![6 Best Quick Loans [April 2024] (1) 6 Best Quick Loans [April 2024] (1)](data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==)
LightStream
The best quick loans overall are from LightStream. The company provides funding as soon as the same day you apply, has an APR range of 7.49% - 25.99%, and offers loan amounts of $5,000 - $100,000. To qualify for a loan from LightStream, borrowers must have a credit score of at least 660.
Best Egg
Best Egg offers the best quick loans with a low minimum APR. Best Egg has a minimum APR of 8.99% and offers loan amounts of $2,000 - $50,000. The funding timeline is 1 to 3 business days after approval and verification. To qualify for a loan from Best Egg, borrowers must have a credit score of at least 640.
Upgrade
Upgrade offers quick loans that allow borrowers to apply with a co-signer. To qualify for an Upgrade loan, borrowers must have a credit score of at least 620, but if the primary borrower doesn’t have a good enough credit score, they can take advantage of their cosigner’s score. Upgrade also offers APRs of 8.49% - 35.99%, loan amounts of $1,000 - $50,000 and a funding timeline of 2 to 3 business days.
OppLoans
OppLoans offers the best quick loans with no credit check, meaning the company does not perform a hard pull of the borrower’s credit history when they apply, making it easier to get approved. OppLoans has an APR range of 160% - 179% on its loans of $500 - $4,000, which are funded within 2 to 3 business days.
FreedomPlus
FreedomPlus offers the best quick loans for people with fair credit, providing funding in 2 to 3 business days. To qualify for a loan from FreedomPlus, borrowers must have a credit score of at least 620. The company also has an APR range of 8.99% - 35.99% and offers loan amounts of $5,000 - $50,000.
LendingPoint
LendingPoint offers the best quick loans for people with bad credit, providing funding as soon as 1 business day after you apply. The company also offers an APR range of 7.99% - 35.99% and loan amounts of $2,000 - $36,500. To qualify for a loan from LendingPoint, borrowers must have a credit score of at least 580.
Best Quick Loans Comparison
Lender | APR | Approval/Funding Timeline | Score Required |
LightStream | 7.49% - 25.99% | Same day - 2 business days | 660* |
Best Egg | 8.99% - 35.99% | 2 - 4 business days | 640* |
Upgrade | 8.49% - 35.99% | 2 - 3 business days | 620 |
OppLoans | 160% - 179% | 2 - 3 business days | None |
FreedomPlus | 8.99% - 35.99% | 2 - 3 business days | 620 |
LendingPoint | 7.99% - 35.99% | 1 business days | 580 |
*According to multiple third-party sources
There are quick loans available for people of all different credit levels. But the lower your credit score is, the more costly those loans are likely to be.
Tips for Getting a Loan Quickly
- Apply online. You can increase your chances of a fast decision if you apply for a personal loan online, rather than in person or by mail. And “online lenders” that process all of their applications online are often faster than traditional banks and credit unions.
- Check reviews. By looking at existing customers’ reviews of personal loans, you can see how long it has generally taken people to get approved and receive their money.
- Pre-qualify first. Most people who are pre-qualified end up getting approved. And because the lender has already determined you meet some initial requirements, being pre-qualified has a chance to further increase the processing speed of your regular application.
- Don’t neglect other terms. Getting a loan quickly is great. But it may be worthwhile to wait a little bit longer for approval if it means you receive a better APR, lower fees or a bigger loan. Keep all these things in mind when comparing your options.
- Consider other sources of fast cash. If you’re in an emergency situation and really can’t wait for a loan, consider borrowing from a friend or family member or using a credit card.
- Don’t get payday loans. One of the quickest types of loans is a payday loan, which is very short-term loan that you pay back from your next paycheck. While you may be able to get same-day funding with a payday loan, it won’t be worth it because the APRs will be extremely high, sometimes over 400%.
- Avoid title loans. Auto title loans are a common source of quick funds. They are short-term loans secured by the document that grants ownership of a vehicle. These loans are not worth pursuing because they have sky-high interest rates and you risk losing your car if you can’t repay the loan.
- Pay your loan off quickly once you get it. If you want to get a loan quickly and then get rid of it just as fast, you can pay more than the required minimum payment each month. Most lenders will not penalize you for paying off your loan earlier than required.
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WalletHub
Unlike other sites that only promote loans they're paid by, WalletHub's editors focus on finding the best loans. WalletHub makes it easy to find the best quick loans.
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![6 Best Quick Loans [April 2024] (2) 6 Best Quick Loans [April 2024] (2)](data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==)
Gino Rodriguez
Gino Rodriguez is a staff writer for WalletHub specializing in personal loans. Gino has experience as an editor and writing tutor. He has also worked in customer service and with nonprofit organizations.
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FAQs
Some of the easiest loans to get approved for if you have bad credit include payday loans, no-credit-check loans, and pawnshop loans. Personal loans with essentially no approval requirements typically charge the highest interest rates and loan fees.
How to get a loan when no one will approve you? ›
No-credit-check loans skip the credit check and use other criteria to approve borrowers. For example, a lender might look at your income or bank account balance instead. Or it may ask for collateral and grant you a loan based on its value. Once approved, you'd pay the loan back just as you would any other type of loan.
What is the best way to borrow money instantly? ›
Fastest ways to borrow money
- Personal loan from an online lender. Compared to traditional lenders like banks or credit unions, online lenders boast convenience and speed given their fully online application and funding process. ...
- Loan apps. ...
- Cash advance from a credit card. ...
- Loan from family or friends. ...
- Pawnshop loan.
How to borrow $500 quickly? ›
You can get a $500 loan via a personal loan, payday loan, payday alternative loan, cash advance app, or credit card cash advance. However, some options are better than others. Some small loans come with high costs that can cause financial hardship.
What is a hardship loan? ›
A hardship loan provides funds that can help you get by during a difficult financial time. This loan can help bridge an income gap or cover an emergency. Borrowers are typically approved within a day or two and receive funds in less than a week.
Which loan company is easiest to get? ›
Easiest-to-get personal loans compared 2024
Title | APR | Min. credit score |
---|
Upstart | 5.2% to 35.99% | 300 |
Avant | 9.95% to 35.99% | 580 |
LendingClub | 9.57% to 35.99% | 600 |
OneMain | 18% to 35.99% | Undisclosed |
6 more rowsMar 28, 2024
What is the easiest loan to get online? ›
The easiest online loans to get with bad credit are typically payday loans, installment loans, or loans from lenders that specialize in subprime borrowers. These loans often require no credit check or have lower requirements, but they come with high interest rates and fees.
Are hardship loans legit? ›
Hardship personal loans are a type of personal loan designed to help borrowers overcome financial difficulties. You may face financial difficulty for a number of reasons, such as a medical emergency, car repairs, or a job loss. Hardship personal loan programs are offered by many small banks and local credit unions.
Which type of loan does not require a credit check? ›
Some BNPL lenders don't require a credit check, while others may perform a soft inquiry that doesn't affect your score. Payday and title loans. Title loans are secured by your car title and payday loans are similar to paycheck advances.
What app lets you borrow money ASAP? ›
Summary of cash advance apps
Loan app | Loan amount | Speed without paying a fee |
---|
Varo | $20 to $500. | Instant. |
Dave | Up to $500. | Up to 3 days. |
MoneyLion | Up to $500. | 1 to 5 days. |
SoLo Funds | $20 to $575. | Approval takes up to 3 days. Funding takes minutes. |
4 more rowsMar 18, 2024
EarnIn, Dave, Brigit, Chime and Current are the top cash advance apps if you need funds before your next paycheck and want to avoid pricier payday lenders. Key Takeaways: EarnIn is the top option for cash advance apps because it offers high advance amounts and doesn't charge mandatory fees.
Which bank gives instant personal loan? ›
The Loan approval process at ICICI Bank is simple, quick and instant. Once a customer's Personal Loan is approved, it takes only 3 seconds for the amount to be disbursed into your Account.
How to borrow money when you are broke? ›
You may be able to borrow money with no income by getting a secured loan, where you put up collateral that the lender can take possession of if you default. You also might be able to qualify for an unsecured loan with a cosigner, as the lender will take the cosigner's income into consideration.
How to get $10,000 dollars fast without a loan? ›
Here are ten ways to make $10k quickly:
- Become A Freelancer. Freelancing is one of the most popular ways to make money quickly. ...
- Invest In Cryptocurrency. ...
- Participate In Online Surveys. ...
- Become A Virtual Assistant. ...
- Do Odd Jobs. ...
- Create An Online Course. ...
- Become An Affiliate Marketer. ...
- Sell Your Stuff.
Who will let me borrow 500? ›
Loan Apps
Loan App | Loan Amount |
---|
Dave10 | Up to $500 |
MoneyLion11 | $10 to $500 |
SoLo Funds12 | $20 to $575 |
Klover13 | $5 to $200 |
4 more rows
Who has the fastest loan approval? ›
The best quick loans overall are from LightStream. The company provides funding as soon as the same day you apply, has an APR range of 7.49% - 25.99%, and offers loan amounts of $5,000 - $100,000. To qualify for a loan from LightStream, borrowers must have a credit score of at least 660.
What is the easiest loan to get approved for online? ›
The easiest online loans to get with bad credit are typically payday loans, installment loans, or loans from lenders that specialize in subprime borrowers. These loans often require no credit check or have lower requirements, but they come with high interest rates and fees.
What is the best loan company for bad credit? ›
Compare the Best Bad Credit Loans for April 2024
| Best For | APR Range |
---|
Upstart | Best for Low Minimum Credit Requirement | 7.80% - 35.99% |
Achieve | Best for Debt Consolidation | 8.99% - 35.99% |
LendingPoint | Best for Repayment Terms | 7.99% - 35.99% |
Patelco Credit Union | Best With a Co-Signer | 8.95% - 17.90% |
3 more rows