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12 places to borrow money fast

Compare quick financing options for good, fair and bad credit.

Loans for good and fair credit Compare
Loans for bad and no credit Compare

It's possible to borrow money for an emergency as soon as the same day you apply — even if you have bad or no credit. But you generally need to be over 18 and have a regular source of income to qualify with a reputable lender. Unfortunately, fast loans are often more expensive than those with a long turnaround time. But you might be able to find a good deal by quickly comparing the options available to you.

Compare 12 fast loans

These 12 personal loan, payday loan and installment loan providers allow you to borrow money fast — as soon as the same day in some cases.

Fast loans for good and fair credit

These personal loan providers can get your loan funded within one business day if you apply online. These lenders can be a good option if you have a credit score of 580 or higher.

Lightstream

Varies
Good to excellent credit
Competitive

RocketLoans

As soon as the same day
640
7.16% to 29.99%

Avant

As soon as the next business day
600
9.95% to 35.99%

Upstart

1 to 3 business days
580 or 600 depending on state of residence
7.68% to 35.99%

Upgrade

1 to 4 business days
600
5.94% to 35.97%

Credible

As soon as 1 business day
Fair to excellent credit
2.49% to 35.99%

Fast loans for bad credit

These providers can get money in your hand within one business day, even if you don't have a strong credit history. Many are payday lenders, so costs vary depending on where you live. Visit the lender's website to find out more about how much you might pay.

OneMain Financial

Personal Loan

As soon as the same day

$1,500 to $20,000

Ace Cash Express

Payday loan, installment loan, title loan

As fast as same business day

Varies by loan type

LendYou

Payday loan, installment loan

Same business day to 1 business day

$100 to

$2,500

OppLoans

Installment loan

1 business day
$500 to $5,000

Check Into Cash

Payday loan

1 to 2 business days
Varies by state

Speedy Cash

Payday loan, installment loan and line of credit

1 day
$50 to $26,000 (varies by state)

Where to borrow money fast

Here's where to look when you need money for an emergency.

Credit card cash advance — instant funding

If you already have a credit card, you can withdraw a cash advance from any ATM. But this can be one of the most expensive options out there — even more expensive than payday loans for smaller amounts.

Pawn shops — instant funding

If you have valuables like jewelry or electronics, you can often pawn them for up to 60% of their value. You'll get your money instantly — and your item back after you repay the money plus interest, at rates sometimes as high as 200%.

Your bank — same-day funding

Some banks offer fast, low-cost personal loans to current customers in good standing. If approved, you won't have to wait for an ACH transfer — and you'll usually get your funds that day.

Your credit union — same-day funding

Credit unions work similarly, and often offer lower rates to people with fair credit. They also often have options for borrowers who need smaller loan amounts. But for a fast loan, you need to already be a member in good standing.

Payday lenders — same-day funding

Payday lenders often offer between $100 and $500 in same-day loans if you apply at a location, or the next business day if you apply online. But these often come with rates as high as 700% APR and risk getting caught in a cycle of debt. Consider other options first.

Pay advance apps — same-day funding to three business days

Sign up for an app like Earnin if you're an hourly worker, and you can get an advance on wages you've already earned this pay cycle. Instead of interest, you'll pay an optional tip or monthly subscription. Many offer same-day funding, though sometimes for a fee.

Online lenders — next business day funding

Online lenders use algorithms instead of bankers to underwrite their loans, meaning you can get approved within minutes. But it usually takes a day to transfer the funds to your bank account. Online loans are easier to qualify for than a traditional bank loan, though rates are often higher. And your options are limited with bad credit.

How to borrow money quickly

Follow these steps to borrow money as fast as possible online — without paying big later.

  1. Check your bank or credit union. Look on the website to see if they offer fast personal loans that you can qualify for. You may need to log into your account. If available, this could be your fastest and least-expensive option.
  2. Check your credit score. Get an estimate of your credit rating before you compare lenders so you don't waste time with providers you can't qualify with.
  3. Compare all options available to you. Look into all options available to people with your credit score, income and state of residence. One easy way to do this is to use a connection service like Monevo to prequalify with multiple lenders. Make sure the repayments fit into your monthly budget before you choose a lender.
  4. Get your documents ready. Have PDFs ready for documents like your last three bank statements and a copy of your most recent pay stubs ready before you apply. Having this ready ahead of time speeds up the process.
  5. Apply. If you're applying online, you typically need to fill out a form with information about your income, debts and personal finances. If your lender offers an in-person application, you might have to head out over to a location to get the form.
  6. Review and sign the contract. Make sure you understand the cost, terms when your payments are due. Also look out for any information about late or prepayment penalties.

Emergency COVID-19 loans and grants

Some banks and online lenders have started offering low-cost loans and grants to people struggling during the coronavirus outbreak. For example, Bank of America is offering current customers loans up to $500 that instantly appear in your bank account at a flat $5 fee.

Others might be offering hardship loans to noncustomers who have lost income, usually with repayments deferred for around 90 days. These often come with low or no interest, though can take a few days to receive your funds. Read about all of your financial assistance options before you apply.

What to watch out for with fast loans

Fast loans can help you out of an emergency. But they can come with some major drawbacks.

  • High interest rates and fees. The fastest loans often cost more than loans that take a longer time to approve — with the exception of financing from your current bank or credit union. Payday loan APRs can often top 700%.
  • Expensive repayments. Payday loans can require repayment within a few weeks or a month. This can be difficult to afford if you don't have the income to cover the cost. And if you roll over your repayment, you're often charged an additional fee.
  • Cycle of debt. If you roll over your loan more than once, you could end up racking up fees at a rate that makes it difficult to repay. This is a debt cycle, which can lead to default. In the worst cases, your lender could even sue you for nonpayment.

Alternatives to borrowing from a lender

If you're worried you won't qualify for a loan or just want to find a way to get cash without it affecting your credit, there are some alternatives.

Ask for more time

If you have a bill and you know you’re not going to be able to pay on time, give the company a call and ask for an extension. You’ll be surprised that many companies will work with you to come up with a repayment time frame that works for both parties.If you can’t pay the bill at all, you may have less negotiating power. You can try asking to speak with a repayment representative and see if they can waive the late fees, give you more time or even work out a more flexible repayment schedule.

Ask your family or a friend

Ask your family or a good friend to lend you some money. They may be willing to offer you a cash loan with no interest. But make sure you agree to repayment terms. Nothing can kill a great relationship like never repaying borrowed money.

Ask your employer

Some employers may give you an advance on your wages, and some big companies have employee loan assistance programs. If you open up a discussion with your manager around this, you might even be able to discuss ways in which you can earn some more money with the company.Have you been doing such a good job you could get a bonus? Take a moment and think about any ways you could quickly earn some more money with your employer because they already trust you and they can pay you quickly.

Sell something

What could you sell today that will give you some money? Some examples are: baseball cards, stamps, rare coins, an old cell phone or an old stereo.Look around your house and try to find something you don’t use but has value. You could quickly put it on Craigslist or a local reselling app and get some quick cash.

Do some side gigs

Check the “gigs” category on Craigslist for some quick cash jobs. This could include: writing, manual labor, event coordination, creative or design work, database work, pet sitting or even housesitting.

Bottom line

It's possible to get a fast loan as soon as the same day or the next day, even if you have bad credit or no credit score at all. But if that's the case, visit our guide to payday loans to make sure you're working with a legitimate lender.

Frequently asked questions

Answers to common questions about borrowing money fast.

Can I get an online loan funded on the weekend?

There are some lenders that offer online weekend loan funding, but this usually requires you to pay a fee or pick up your cash in-store.

Is it safe to apply for a loan online?

It's safe to apply for a loan online with a reputable company. However, there are some illegitimate companies that operate online and prey on people looking to borrow money fast.

You should check that the lender has a secure and legitimate website before submitting your application. You can check whether it's a direct lender or lead generation company and whether they're transparent about the fees and other loan details. If you can't find enough information on the loan you're applying for online, call the customer service phone number to reach a representative.

Where can I borrow $600?

Most personal loan providers don't offer $600 loans, so your best options may be payday lenders and installment loan providers if you need money fast. Quickly compare lenders with our guide to $600 loans.

How can I borrow $50 fast?

When you need a $50 loan, payday lenders, pawn shops and credit card cash advances are some of fastest options. Visit our guide to getting a $50 loan to compare lenders.

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84 Responses

    Default Gravatar
    KanchanDecember 14, 2018

    Can i get loan 5 lac urgent but i have no income details

      Avatarfinder Customer Care
      nikkiangcoDecember 18, 2018Staff

      Hi Kanchan,

      Thanks for reaching out! I understand you want to get a loan. To get started, check the lenders on our list above. Review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about their policy.

      Best,
      Nikki

    Default Gravatar
    anilDecember 10, 2018

    I need 5 lakh urgent

      Avatarfinder Customer Care
      nikkiangcoDecember 13, 2018Staff

      Hi Anil,

      Thanks for getting in touch! To get funds urgently online, go to the part of our page above that says “Compare your short term loan options” and choose the lender you want to go with. Click the “Go to Site” to submit your online application and you’ll need some of the following details on hand:

      Personal. Your name, date of birth, Social Security number, and other contact information.
      Financial. Your income, employment details or government benefits.
      Banking. Details of your checking account and your bank’s routing number may be required.

      As a friendly reminder, review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.

      Best,
      Nikki

    Default Gravatar
    IzaOctober 16, 2018

    Can i borrow 90,000 for personal loan ?

      Avatarfinder Customer Care
      nikkiangcoOctober 17, 2018Staff

      Hi Iza,

      Thanks for your inquiry and for visiting our page.

      You are welcome to apply for a loan.

      As it says on our page: Eligibility criteria differ between lenders and states, so you’ll need to check this before applying. Generally, you’ll need to be over a certain age (this can range from 18-21), be a US citizen or permanent resident and show that you”re able to repay the loan. If you’re applying online, you’ll need to have an operational checking account as well.

      Hope this helps! Feel free to reach out to us again if you need further assistance.

      Regards,
      Nikki

    Default Gravatar
    louisSeptember 25, 2018

    Can I be loan some money even though i have no bank accounts?

      Avatarfinder Customer Care
      CharisseSeptember 25, 2018Staff

      Hi Louis,

      Thanks for reaching out to Finder.

      Yes, it is still possible for you to get a loan. There are lenders that don’t require a bank account that you can consider applying with. However, please note that most of these lenders will have higher interest rates and will charge expensive fees, and may require you to have collateral.

      Before applying, please check the eligibility criteria and the loan terms to see if it best suits your needs.

      Hope this helps.

      Cheers,
      Charisse

    Default Gravatar
    AyandaSeptember 21, 2018

    am Ayanda I.will like to get a loan of 10.000,when can I get it u will pay within 2 months am a businessman

      Default Gravatar
      joelmarceloSeptember 21, 2018

      Hi Ayanda,

      Thanks for leaving a question on finder.

      I noticed you are sending us a message from China. Unfortunately, the lenders featured on our website only caters to residents from the US, Australia, UK, Canada and New Zealand. You will have to check with your local lenders if you are not from those 5 countries I mentioned. Sorry about that.

      Please send me a message if you need anything else. :)

      Cheers,
      Joel

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