Credible
Get Rates
  • Refinance Student Loans
    • Compare Options
      • Best Refinancing Companies
      • Lender Reviews
      • Refinance Student Loans
      • Student Loan Consolidation
    • Learn the Basics
      • Fixed vs. Variable Rates
      • Forgiveness Programs
      • Consolidation vs Refinancing
      • Repayment Plans
      • More on Student Refi
    • How to
      • Consolidate Your Student Loans
      • Pay Off Your Student Loans
      • Lower Your Interest Rate
    • Tools
      • Current Student Loan Refi Rates
      • Refinancing Calculator
      • Repayment Calculator
      • Student Loan Score Calculator
  • Student Loans
    • Compare Options
      • Private Student Loans
      • Parent Student Loans
      • Law School Loans
      • Medical School Loans
      • Graduate Student Loans
    • Learn the Basics
      • Student Loan Limits
      • Living Expenses
      • Applying for FAFSA
      • Federal Student Loans
      • Student Loan Interest Rates
      • More on Student Loans
    • How To
      • Pay for College
      • Take Out Student Loans
      • Apply Without Cosigner
      • Apply for Student Loans
      • Pay for Grad School
    • Tools
      • Best Private Student Loans
      • Current Student Loan Rates
      • Student Loan Interest Calculator: Estimate Payments
      • Lender Reviews
  • Personal Loans
    • Compare Options
      • Best Personal Loan Lenders
      • Lender Reviews
      • Get Personal Loan Rates
    • Learn the Basics
      • How to Qualify
      • How to Get a Loan
      • Where to Get a Loan
      • Personal Loans with Cosigner
      • Pay Off Credit Card Debt
      • More on Personal Loans
    • Best for
      • Credit Card Consolidation
      • Debt Consolidation Loans
      • Home Improvement Loans
      • Good Credit
      • Fair Credit
      • Bad Credit
    • Tools
      • Current Personal Loan Rates
      • Personal Loan Calculator
  • Mortgages
    • Compare Options
      • Mortgage Refinance
      • Home Loan
      • Best Mortgage Refinance Companies
      • Best Mortgage Lenders
      • Mortgage Preapproval
      • Mortgage Payment Calculator
    • Compare Rates
      • Mortgage Refinance Rates
      • 30-Year Fixed Refinance Rates
      • 15-Year Fixed Refinance Rates
      • Home Loan Rates
      • 15-Year Fixed Mortgage Rates
      • 30-Year Fixed Mortgage Rates
    • Learn the Basics
      • How to Buy a House
      • How to Refinance Your Mortgage
      • How to Get the Best Rate
      • Cash-Out Refinancing
      • More on Home Loans and Refi
    • Pay Off Mortgage
      • Home Equity to Pay Off Debt
      • Paying Off Mortgage Early
      • Mortgage Refinance Cost
  • Insurance
    • Insurance Products
      • Insurance Products
      • Learn more about home insurance
    • Compare Options
      • Compare Insurance Quotes
      • Home Insurance Guide
    • Learn the Basics
      • What Home Insurance Covers
      • How Much Home Insurance You Need
      • Estimate Your Home Replacement Cost
      • How to Change Home Insurance
  • Company
    • About
    • Reviews
    • Blog
    • Lenders
    • Editorial Guidelines
    • FAQs
    • Press
  • Find My Rate
Advertiser Disclosure

How to Get a Fast Personal Loan for Quick Cash

If you’re approved for a fast personal loan, you could get your funds as soon as the same or next day, depending on the lender.

Kat Tretina Kat Tretina Edited by Ashley Cox Updated May 13, 2022

Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as "Credible."

Your water heater breaks. Your dog needs surgery. Your car is making that awful noise again.

If an emergency expense pops up, a personal loan can really help in a pinch. Fast personal loans are a solid option that could help you quickly get the money you need — possibly the same or next day after approval, depending on the lender.

Here’s what you should know about fast personal loans:

  • Fast loans for same-day or next-day funds
  • How to get a fast personal loan
  • How fast can you get a personal loan?
  • Alternatives to personal loans
  • What to know before getting a quick loan

Fast loans for same-day or next-day funds

In many cases, the quickest loans you can get are online personal loans. With online lenders, you can submit your application and potentially get a decision right away, depending on the lender.

Here are Credible’s partner lenders that offer fast online personal loans with same- or next-day funding:

LenderFixed ratesTime to fundMin. credit scoreLoan amounts


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
9.95% - 35.99% APR As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)550$2,000 to $35,000**
  • Fixed APR: 9.95% - 35.99% APR
  • Variable APR: N/A
  • Min. credit score: 550
  • Loan amount: $2,000 to $35,000**
  • Loan terms (years): 2, 3, 4, 5*
  • Time to fund: As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: Available in all states except HI, VT, MA, ME, NY, WV
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Loan servicer: Avant
  • Loan Uses: Debt consolidation, emergency expense, life event, home improvement, and other purposes
  • Min. Income: $1,200 monthly


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
7.99% - 15.19% APR Next business day740$10,000 to $50,000
  • Fixed APR: 7.99% - 15.19% APR
  • Variable APR: N/A
  • Min. credit score: 740
  • Loan amount: $5,000 to $50,000
  • Loan terms (years): 3 to 6
  • Time to fund: Next business day
  • Fees: No prepayment penalty
  • Discounts: None
  • Eligibility: Available in all 50 states
  • Customer service: Phone
  • Soft credit check: Yes
  • Min. Income: Does not disclose
  • Loan Uses: Debt consolidation, home improvement, self-employment, and other purposes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
6.99% - 24.99% APR As soon as the next business day after acceptance660$2,500 to $35,000
  • Fixed APR: 6.99% - 24.99% APR
  • Min. credit score: 660
  • Loan amount: $2,500 to $40,000
  • Loan terms (years): 3, 4, 5, 6, 7
  • Time to fund: As soon as the next business day after acceptance
  • Fees: Late fee
  • Discounts: None
  • Eligibility:  Available in all 50 states
  • Customer service: Phone
  • Soft credit check: Yes
  • Loan Uses: Auto repair, credit card refinancing, debt consolidation, home remodel or repair, major purchase, medical expenses, taxes, vacation, and wedding


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
7.99% - 35.99% APR As soon as the next business day600$2,000 to $36,500
  • Fixed APR: 7.99% - 35.99% APR
  • Min. credit score: 600
  • Loan amount: $2,000 to $36,500
  • Loan terms (years): 2, 3, 4, 5, 6
  • Time to fund: As soon as the next business day
  • Fees: Origination fee
  • Discounts: Autopay
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: $20,000
  • Loan Uses: Home improvement, consolidate debt, credit card refinancing, relocate, make a large purchase, and other purposes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
5.99% - 23.99% APR As soon as the same business day700$5,000 to $100,000
  • Fixed APR: 5.99% - 23.99% APR
  • Min. credit score: 700
  • Loan amount: $5,000 to $100,000
  • Loan terms (years): 2, 3, 4, 5, 6, 7*
  • Time to fund: As soon as the same business day
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Available in all states except VT
  • Customer service: Phone, email
  • Soft credit check: No
  • Loan servicer: LightStream
  • Min. Income: Does not disclose
  • Loan Uses: Credit card refinancing, debt consolidation, home improvement, and other purposes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
18.0% - 35.99% APR As soon as 1 to 2 business days after approvalNone$1,500 to $20,000
  • Fixed APR: 18.0% - 35.99% APR
  • Min. credit score: None
  • Loan amount: $1,500 to $20,000
  • Loan terms (years): 2, 3, 4, 5
  • Time to fund: As soon as 1 to 2 business days after approval
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Must have photo I.D. issued by U.S. federal, state or local government
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: Does not disclose


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
11.69% - 35.93% APR7 Within one day, once approved9560$1,000 to $20,000
  • Fixed APR: 11.69% - 35.93% APR7
  • Min. credit score: 560
  • Loan amount: $1,000 to $50,000
  • Loan terms: 3, 5, or 7 years 8
  • Time to fund: Within one day, once approved9
  • Loan types: Debt consolidation, pay off credit cards, home improvements, unexpected expenses, home and auto repairs, weddings, and other major purchases
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: A U.S. citizen or permanent resident; not available in DC, IA
  • Customer service: Phone, email
  • Soft credit check: Yes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
8.49% - 35.97% APR Within a day of clearing necessary verifications600$1,000 to $50,000
  • Fixed APR: 8.49% - 35.97% APR
  • Min. credit score: 600
  • Loan amount: $1,000 to $50,000*
  • Loan terms (years): 2 to 7
  • Time to fund: Within a day of clearing necessary verifications
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: Available in all states except Washington, DC
  • Customer service: Email
  • Soft credit check: Yes
  • Min. Income: Does not disclose
  • Loan Uses: Debt consolidation, credit card refinancing, home improvement, and other purposes
Compare rates from these lenders without affecting your credit score. 100% free!

Get Rates Now

All APRs reflect autopay and loyalty discounts where available | LightStream disclosure | 10SoFi Disclosures | Read more about Rates and Terms

How to get a fast personal loan

If you’re ready to apply for a fast personal loan, follow these four steps:

  1. Review your credit. You’ll generally need good to excellent credit to qualify for a personal loan. However, some lenders offer personal loans for bad credit — just keep in mind that these typically come with higher interest rates.
  2. Compare lenders and pick your loan option. Loan terms, rates, and eligibility criteria vary widely from lender to lender, so it’s wise to compare as many lenders as possible to find the right loan for you.
  3. Complete the application. Once you find a loan option that fits your needs, you’ll need to fill out a full application and submit any required documentation, such as tax returns or pay stubs.
  4. Get your loan funds. If you’re approved, the lender will have you sign for the loan so they can send you the money — typically by direct deposit.

Remember to also consider how much a fast personal loan will cost you over time so you can plan for any added expense.

You can estimate how much you’ll pay for a loan using our personal loan calculator below.

Enter your loan information to calculate how much you could pay

? Enter the total amount borrowed $
? Enter your annual interest rate %
or
? Enter the amount of time you have to repay your loan years
Total Payment $
Total Interest $
Monthly Payment $

With a $ loan, you will pay $ monthly and a total of $ in interest over the life of your loan. You will pay a total of $ over the life of the loan.


Need a personal loan?
Compare rates without affecting your credit score. 100% free!

Check Personalized Rates

Checking rates won’t affect your credit score.

Learn More: Small Personal Loans

How fast can you get a personal loan?

Some lenders offer same-day loans and next-day loans — if you’re approved by one of these lenders, you could have the money in your bank account within hours.

Online lenders may offer faster personal loan funding times than traditional financial institutions since the application and funding process is completely digital. Banks and credit unions may also offer an online application process, or you can apply for a loan in person at a local branch. Banks and credit unions can typically fund a personal loan within one to seven business days, though the exact funding time varies depending on the individual financial institution.

Opting to receive your loan funds through direct deposit to your bank account, rather than receiving a paper check in the mail, can also help you get your money more quickly.

Tip: If you apply for a loan with a lender that offers same- or next-day funding, make sure the information you provide in your application is accurate so there’s no hold up on your loan decision.

Pay special attention to the fine print

Some lenders offer quick loan disbursement only if you submit your loan application and are approved by a certain time — if this is the case for the lender you’ve picked, make sure to complete your application by the deadline so your funding time isn’t delayed.

If you’ve been approved for a loan, you’ll need to sign a loan agreement before the lender will disburse your loan funds. Read through the agreement carefully and make sure you understand all the terms of the loan before you sign.

Check Out: Pre-Qualify for a Personal Loan

Alternatives to personal loans

If you decide that a personal loan isn’t right for you, here are a few options to consider instead:

  • Credit card: With a credit card, you’ll have access to a credit line that you can repeatedly draw on and pay off. Some cards also come with a 0% APR introductory offer — if you’re able to pay off your card before this period ends, you might not have to pay any interest. But if you can’t repay your balance in time, you could be stuck with some hefty interest charges. Keep in mind that credit card interest rates are typically higher than personal loan interest rates.
  • Payday loans or pawn shop loans: While these types of short-term loans can get you fast access to cash, they should be a last resort. Both payday and pawn shop loans typically come with astronomically high rates and fees that could leave you in more debt than what you started with. Payday loans, for example, can come with interest rates that equate to an APR of 300% to 500% — exponentially higher than what you’d pay on a personal loan.
  • Borrowing money from friends or family: If you have friends or family members with solid finances, consider asking them for a loan to cover your emergency expense. While it could feel embarrassing to ask for help, your loved ones might be able to lend you the cash quickly at little to no interest, which could cost you less than a fast personal loan. Just be sure to repay the loan so your relationships aren’t strained down the road.

As you’re shopping for a fast personal loan, keep an eye out for possible scams or predatory lenders. Avoid this type of lender if at all possible, and wait until you’re able to apply for a personal loan with a more-reputable lender.

Learn More: Cash-Advance Loan

What to know before getting a quick loan

A fast personal loan could be a good choice for covering emergency expenses. However, there are a few things to keep in mind before getting one:

  • Compare multiple lenders. Shop around and consider as many lenders as possible to find the right loan for you. Compare not only rates but also repayment terms and any fees the lender charges.
  • Make sure you can afford the loan. Your monthly payments and overall loan cost should fit comfortably within your budget. While most personal loans are unsecured and your assets won’t be at risk if you default on the loan, missing payments could severely damage your credit.
  • Consider a cosigner. If you have less-than-stellar credit, having a cosigner with good credit could help you get approved for a loan. Not all lenders allow cosigners on personal loans, but some do. Even if you don’t need a cosigner to qualify, having one could get you a lower interest rate than you’d get on your own.

If you decide to take out a personal loan, remember to compare as many lenders as you can to find a loan that fits your needs.

Credible makes this easy — you can compare your prequalified rates from multiple lenders in two minutes.

Ready to find your personal loan?
Credible makes it easy to find the right loan for you.

  • Free to use, no hidden fees
  • One simple form, easy to fill out and your info is protected
  • More options, pick the loan option that best fits your personal needs
  • Here for you. Our team is here to help you reach your financial goals

Find My Rate
Checking rates won’t affect your credit

Trustpilot

Keep Reading: $5,000 Loan


About Rates and Terms: Rates for personal loans provided by lenders on the Credible platform range between 5.40%-35.99% APR with terms from 12 to 84 months. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 10%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 11.51%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 12, 2019, none of the lenders on our platform require a down payment nor do they charge any prepayment penalties.

About the author
Kat Tretina
Kat Tretina

Kat Tretina is a freelance writer who covers everything from student loans to personal loans to mortgages. Her work has appeared in publications like the Huffington Post, Money Magazine, MarketWatch, Business Insider, and more.

Read More

Home » All » Personal Loans » How to Get a Fast Personal Loan for Quick Cash

Personal Loans for Bad Credit

  • Bad Credit Loans
  • Cosigner Personal Loans
  • Credit Builder Loans
  • Hardship Loans
  • Installment Loans
  • Low Income Loans
  • No Credit History Loans
  • Personal Loans for Students

Fast Funding & Secured Loans

  • 401k Loan Alternatives
  • Cash Advance Loans
  • Direct Deposit Loans
  • Emergency Loans
  • Fast Personal Loans
  • Payday Loans
  • Same Day Loans
  • Secured Personal Loans
  • Title Loans

Personal Loan Basics

  • Personal Loan Rates
  • Personal Loan Calculator
  • Where to Get a Personal Loan
  • How to Get a Personal Loan
  • Qualify for a Personal Loan
  • Credit Card Consolidation Loans
  • Debt Consolidation Loans
  • Home Improvement Loans
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to email a link to a friend (Opens in new window)

Related Articles

Student Loans

What Can You Use Student Loans For?

Student Loan Refinancing

How the Fed’s Latest Interest Rate Hike Could Affect Your Student Loans

Student Loans

How to Use Student Loans for College Living Expenses

  • Read More
    • Refi Student Loans
    • In School Loans
    • Personal Loans
    • Mortgages
    • Insurance
  • Resources
    • Lender Reviews
    • Loan Calculators
    • Student Loan Score Calculator
    • Data Insights
    • Debt Statistics
    • Sitemap
  • Compare
    • Student Loan Refinance
      • Current Student Loan Refi Rates
    • Student Loan Consolidation
    • Private Student Loans
      • Current Student Loan Rates
    • Personal Loans
      • Current Personal Loan Rates
    • Refinance Mortgage
      • Mortgage Refinance Rates
        • 15-Year Fixed Refinance Rates
        • 30-Year Fixed Refinance Rates
    • Home Loans
      • Home Loan Rates
        • 15-Year Fixed Mortgage Rates
        • 30-Year Fixed Mortgage Rates
    • Insurance
  • Top Lenders
    • Best Student Loan Refi Companies
    • Best Private Student Loans
    • Best Personal Loans
    • Best Mortgage Lenders
    • Best Mortgage Refinance Companies
  • Company
    • About
    • Reviews
    • Blog
    • Editorial Staff
    • Editorial Guidelines
    • News
    • Press
  • Legal
    • Terms of Use
    • Privacy Policy

© 2023 Credible


Credible Operations, Inc. NMLS ID# 1681276 | NMLS Consumer Access | Licenses and Disclosures
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.