Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). In some cases, we receive a commission from our partners; however, our opinions are our own.
Not every personal loan has funding available the same or next business day for quick cash, but some lenders offer this option. The best personal loans for quick access to cash can get you money as soon as the same day.
Best Personal Loans for Quick Funding
- LightStream Personal Loan: Best for low interest rates
- Avant Personal Loan: Best for fair credit
- Best Egg Personal Loan: Best for short-term loans
- LendingPoint Personal Loan: Best for poor credit
- Rocket Loans Personal Loan: Best for fast and easy application
- Upstart Personal Loan: Best for limited credit history
- OppLoans Personal Loan: Best for no fees
Next Step: See if you're prequalified for a loan without impacting your credit score.
Here are Insider's top picks for fast loans that provide same-day or next-day funding:
Compare the Best Personal Loans for Quick Funding
Quick Funding Personal Loans Frequently Asked Questions
While you won't get your money "instantly," in some cases you can apply for a personal loan, be approved, and and have access to the cash very quickly. With fully online application and funding processes, some lenders can provide same-day loans if you qualify.
Some online lenders can approve you for a personal loan and deposit the funds into your bank account on the same day, if you complete the application and it's processed by a certain time of day. LightStream and Rocket Loans are two examples.
Personal loans are some of the most simple and fast loans you can get. While three-to-five business days is a more common timeframe to expect, it's possible to get a same-day loan or next-day loan with some lenders. However, there are variables that could affect the funding speed, such as how quickly your bank processes the proceeds and makes them available in your account.
In some cases lenders will charge higher interest rates or fees for the convenience of quick cash, so you might save money if you waited longer for your money. However, if you have an excellent credit score, you could very well be offered the same interest rate for quick loans as you would for loans that take a longer time to fund.
Best Quick Personal Loan Company Reviews
LightStream Personal Loan
LightStream personal loans are a solid choice for both relatively low interest rates and same-day funding. This lender topped Insider's list of best personal loans in 2022, and quick funding is yet another bonus.
However, this lender won't be a good option for anyone with a poor credit score or little credit history. LightStream requires that applicants have a minimum credit score of 660.
For anyone who does qualify for a personal loan with LightStream, this is the most affordable option for fast cash. If your loan is verified and signed before 2:30 p.m. ET, same-day funding is available.
LightStream Personal Loan Review
Avant Personal Loan
Avant personal loans are the best fast-funding personal loan option for anyone with fair credit. This lender also made Insider's list of best personal loans of 2022. Avant doesn't have the lowest available starting APRs available, but the typical Avant borrower has a credit score between 600 and 700. This company will consider scores lower than what others will, and can provide funding the next business day if the loan is approved by 4:30 p.m. CT on a weekday.
However, it's worth noting that this lender charges up to 4.75% in administration fees with an undisclosed late fee and returned payment fee. While it could be an option for anyone needing quick funding with fair credit, borrowers with better credit could find lower rates elsewhere.
Best Egg Personal Loan
Best Egg is a good choice for short loan terms and fast funding. Its minimum loan term is 36 months, while the maximum term is 60 months. Best Egg loans can be repaid at any time without an early payment penalty.
About half of Best Egg's customers get money the next day after a successful verification process, but it may take one to three business days to see money deposited in your account.
LendingPoint Personal Loan
LendingPoint is great for borrowers with poor credit, as its minimum credit score requirement is only 580. However, LendingPoint doesn't offer joint or cosigned loans, meaning you won't be able to enlist a cosigner to get a lower rate.
The application process is fast with LendingPoint, and the company may approve you for a loan the same day you apply. You often get your funds the next business day after approval.
LendingPoint Personal Loan Review
Rocket Loans Personal Loan
Rocket Loans is one of the only lenders on our list to offer same-day funding, but it comes with a lot of fees. You'll pay when your loan is funded, which will be deducted from your overall loan proceeds. Additionally, you'll pay a $15 fee for any payments not made within 10 days of the due date and a $15 fee for a returned check.
Rocket Loans also has a quick application process, and you can complete it within several minutes.
Upstart Personal Loan
Upstart is a good option for quick funding if your credit score is between 600 and 660. However, the lender includes other pieces of information in its approval decisions — such as where you went to school and your area of study — making it good for borrowers who may not qualify for a loan solely based on their credit score alone.
Upstart offers only three-year and five-year loans. While the platform has no prepayment penalties, there's less flexibility in terms than for loans offered by other lenders. Next-business-day funding is available as long as the personal loan is accepted by 5 p.m. ET.
OppLoans Personal Loan
OppLoans is good for borrowers with poor credit because there is no minimum credit score required to qualify, which is different from other personal loan companies.
Additionally, you won't pay any fees with an OppLoans loan, including an origination fee, late fee, or prepayment penalty. Other lenders on our list charge fees.
Other Fast Personal Loans We Considered
Not all banks that offer personal loans will fund them quickly. Insider found seven personal loans from reputable lenders that fund loans the same or next business day.
- Alliant Credit Union Personal Loan: Alliant has minimum credit score requirements in the mid-600s, the same as LightStream. However, Alliant's interest rates are higher than LightStream's. Read Insider's full Alliant Credit Union personal loan review.
- OneMain Financial Personal Loan: While this lender is open to those with fair credit, interest rates are relatively high. Lower interest rates and the same next-day funding is available through Avant or Upstart. Read Insider's OneMain Financial personal loan review.
- HSBC Personal Loan: This lender requires an excellent credit score for approval, but interest rates start higher than with LightStream. Borrowers who aren't current customers will pay higher interest rates than those who are. Only existing customers can receive same-day loans; non-customers will receive money the next business day.
- Wells Fargo Personal Loan: While this bank offers same-day funding and a secured loan option for lower interest rates, Wells Fargo's personal loans are difficult to apply for if you're not a customer. Read our Wells Fargo personal loan review.
- Achieve Personal Loan: You can receive funding from Achieve in one to three business days, but there's a high minimum loan amount and an origination fee. Read our full Achieve personal loans review.
- U.S. Bank Personal Loan: U.S. Bank could be a good option if you're already a customer, as you could get your money in a matter of hours. But if you aren't already a customer, there are loan limitations, such as lower borrowing limits and shorter loan terms. Read our U.S. Bank personal loans review.
Which Quick Loan Lender Is the Most Trustworthy?
The Better Business Bureau, a non-profit organization focused on consumer protection and trust, evaluates businesses using factors like their responsiveness to consumer complaints, honesty in advertising, and clarity about business practices. Here is each company's score:
| Lender | BBB Grade |
| LightStream Personal Loan | A+ |
| Upstart Personal Loan | A+ |
| Avant Personal Loan | A |
| Best Egg Personal Loan | A+ |
| LendingPoint Personal Loan | A |
| Rocket Loans Personal Loan | A+ |
| OppLoans Personal Loan | B+ |
All of our three top picks are rated B+ or higher by the BBB. Keep in mind that a top-notch BBB score does not ensure a positive relationship with a lender. You should keep doing research and talking to others who have used the company to get the most information possible.
Alternatives to Personal Loans for Quick Cash
It's worth noting that if you have an emergency fund or cash savings, dipping into those resources is a better option than borrowing. If you need to borrow money in an emergency, there are a few other avenues to explore.
Payday alternative loans from a credit union
Not to be confused with traditional payday loans, payday alternative loans are offered by many different credit unions and work with all types of borrowers. Only available to members, these loans are good for anyone needing a small loan, and who can repay it quickly.
According to the National Credit Union Administration, payday alternative loans typically range from $200 to $1,000 and have terms between one and six months. Check with your credit union to see if this option is available, and what interest rates and borrowing amounts are available.
Loans from friends or family
While loans from family or friends aren't to be taken or made lightly, it could be an option for anyone needing cash quicker than a bank could send it.
If you plan to make or ask for this type of loan, one financial planner recommends putting loan terms and repayment plans in writing, and paying interest if possible.
A 0% interest credit card
If you happen to have (or can open) a 0% interest credit card that's still within the intro APR term, it could be a useful option for spending. However, you'll need to repay the balance before the 0% term expires. Most cards have between nine and 21 months of interest-free borrowing.
See our full ratings methodology for personal loans »
How Do I Choose the Best Fast Cash Loans for Me?
To find the best fast loan for you, consider the factors that are most important to you. Many borrowers prioritize the speediest funding time, but also take into account the lowest personal loan interest rate, any fees, the minimum credit score needed, and the accessibility of the lender's customer service. You'll also want to make sure you're able to select a term length that works for you and that your loan's purpose is allowed by the lender you choose.
Guides like this one will help you compare multiple lenders in the same place to weigh their pros and cons. Make sure to also read individual reviews of any lenders you're considering.
Why You Should Trust Us: Our Experts' on Choosing the Best Fast Loans
We consulted personal loan and financial experts to give their insights into finding the best quick cash loans for your needs.
- Markia Brown, certified financial education instructor and registered financial associate at Money Plug, LLC
- Ryan Wangman, loans reporter at Personal Finance Insider
Our Experts' Advice on Choosing the Best Fast Personal Loan
How do borrowers decide on their repayment terms?
Markia Brown:
"Repayment options are important when considering a lender for a loan because some lenders may charge you a fee if you repay your loan early. When you pay your loan off early, it means you pay the lender less in interest. They charge this prepayment penalty to get some of that money anyway. This fee varies by lender and loan type, so keep this in mind when shopping for a lender."
Ryan Wangman:
"Repayment terms can be crucial in determining the overall cost of your loan. One of the biggest things to watch out for are origination fees. Origination fees are taken out of the total proceeds of your loan and reduce the overall amount of money you receive."
What makes the best personal loan?
Markia Brown:
"The best personal loans meet your financial needs without exceeding your budget. They have the lowest interest rate and fees, flexible repayment options, and the money is available quickly."
Ryan Wangman:
"Especially when it comes to fast funding, the best personal loans will get you your cash quickly without saddling you with an overwhelming amount of fees. You'll also want a lender that has minimum credit score requirements that fit your financial situation."
Why Trust Our Recommendations?
At Personal Finance Insider, we strive to help smart people make the best decisions with their money. We spent hours comparing and contrasting the features and fine print of dozens of personal loans so you don't have to.
We understand that "best" is often subjective, however, so in addition to highlighting the pros of a lender's personal loan, we outline the cons, too.
Methodology
We rate all personal loan products in our reviews and guides on a 1-5 scale. The overall rating is a weighted average that takes into account seven different categories, some of which are judged more heavily than others. They are:
- Interest rate (20% of rating)
- Fees (20% of rating)
- Term lengths and loan amounts (15% of rating)
- Funding speed (15% of rating)
- Borrower accessibility (15% of rating)
- Customer support (7.5% of rating)
- Ethics (7.5% of rating)
Each category's weighting is based on its importance to your borrowing experience. Rates and fees have the most direct impact on the overall cost of your loan, so we weigh those the most heavily. Customer support and ethics are still very important parts of the borrowing experience, but do not directly tie to a personal loan's terms, so they have less of an impact on the overall rating.
OneMain Financial Personal Loan disclosure: Not all applicants will be approved. 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) and your state of residence. If approved, not all applicants will qualify for larger loan amounts or most favorable loan terms. 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. APRs are generally higher on loans not secured by a vehicle. Highly-qualified applicants may be offered higher loan amounts and/or lower APRs than those shown above. OneMain charges origination fees where allowed by law. 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 $500. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Visit omf.com/loanfees for more information. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB's Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes. Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: $3,100. North Dakota: $2,000. Ohio: $2,000. Virginia: $2,600. Borrowers in these states are subject to these maximum loan sizes: North Carolina: $9,000 for unsecured loans to all customers, $9,000 for secured loans to present customers. Maine: $7,000. Mississippi: $15,000. West Virginia: $14,000. Loans to purchase a motor vehicle or powersports equipment from select Maine, Mississippi, and North Carolina dealerships are not subject to these maximum loan sizes. Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07. Time to Fund Loans: Funding within one hour after closing through SpeedFunds must be disbursed to a bank-issued debit card. Disbursement by check or ACH may take up to 1-2 business days after loan closing.
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Read our editorial standards.
Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.
**Enrollment required.
Personal Finance Insider offers tools and calculators to help you make smart decisions with your money. We do not give investment advice or encourage you to buy or sell stocks or other financial products. What you decide to do with your money is up to you. If you take action based on one of the recommendations listed in the calculator, we get a small share of the revenue from our commerce partners.