Fast Personal Loans: The Best Lenders to Get Quick Cash


Personal loans can be used to cover short-term borrowing and emergency expenses. Compare rates and terms, and choose reputable lenders.

Loans for fast credit unions

Federal credit unions can quickly fund personal loans. Navy Federal can, for instance, approve and fund loans the same day as you apply. First, Tech borrowers will receive their funds as soon as they apply and up to two business days later.

Personal loans are subject to a maximum annual percentage rate of 18% by federal credit unions, while APRs for other lenders can be nearly twice that. Credit unions can also consider the credit history of a borrower to make loan decisions. If you have been a member for a while, this may play a role in creating a loan decision.

How to get fast loans: What you need to know before applying

  • Payday lenders and pawnshops may provide quick loans, but they have high annual percentage rates. While loans from reputable online lenders might take longer, they are much less expensive.
  • To apply for a loan, the lender will need to quickly verify your identity. Lenders often say that their ability to fund loans swiftly is dependent on the borrowers’ response to documentation requests.
  • Calculate the estimated payments to determine their impact on your budget during the loan repayment term.
  • Compare rates from multiple lenders to find the best deal. Many online lenders allow you to pre-qualify and estimate your rate. This won’t affect your credit score.

Bad credit fast loans

Lenders offer quick loans to borrowers with poor credit (629 FICO or lower). You will be eligible if you have poor credit and can prove a steady income.

Although your credit score does not affect the time it takes for a lender to get a loan, your loan will likely have a high APR. You may also be denied for large amounts.

Although many online lenders can quickly fund loans, it is crucial to take the time to review lousy credit loans before borrowing. Also, make sure to plan how you will repay the loan.

Quick cash without the need for a loan


Consider whether you can delay borrowing, especially if your rate is high. Also, consider if there are interest-free cash options that you could use. IPASS suggests that you look at these alternatives before you commit to a costly loan.

  • Ask for assistance from religious, charitable, and nonprofit organizations in your area.
  • To borrow a small amount, you can use a loan app.
  • Secure a loan from a Pawnshop using something you have.
  • You might also consider other methods to make money.
  • Ask your family and friends to lend you money through lending circles or sign a loan agreement if you feel comfortable.


IPASS reviews personal loans from over 30 lenders and rates them. We interview representatives from the companies and collect more than 45 data points. IPASS editors and writers conduct an annual fact check and update and make any updates throughout the year.

Our star ratings award lenders that provide consumer-friendly features points. These include flexible payment options, quick funding times, customer service, reporting to credit bureaus, financial education, transparent rates, terms, low-interest rates with no fees, and easy pre-qualification. We also take into account regulatory actions taken by agencies such as the Consumer Financial Protection Bureau. These factors are weighted based on how they affect consumers’ experience and which are most important.

This method applies to lenders who have a maximum interest rate of 36%. That is the maximum rate that most financial experts and consumer advocates consider acceptable for a loan to be affordable. IPASS is not compensated for its star ratings. Please see our editorial guidelines.

Here are our choices…

IPASS Fast Personal Loans: The Best Lenders to Get Quick Cash

  • Upstart: Fast loans available the next day
  • LendingPoint: Fast loans available the next day
  • FreedomPlus: Fast loans available the next day!
  • Get Fast Loans Funded in the Next Day with Discover(r) Personal Loans
  • OneMain Financial: The Best for Same-day Loans
  • LightStream: The best for same-day loans
  • Rocket Loans: The Best for Same-day Loans