Compare personal loans with fast approval

Find a lender that can get you funds the same day you apply.

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On a time crunch? In today’s online world, more and more lenders are making it possible to take out a personal loan and receive your funds in as little as a day or two. However, you might want to base your loan on more than just speed to find the most competitive deal.

Our top pick: Monevo Personal Loans

  • Min. Credit Score Required: 500
  • Min. Loan Amount: $500
  • Max. Loan Amount: $100,000
  • APR: 3.99% to 35.99%
  • Requirements: Credit score of 500+, legal US resident and ages 18+.
  • No obligation offers
  • Quick online decision
  • Award-winning service

Our top pick: Monevo Personal Loans

Quickly compare multiple online lenders with competitive rates depending on your credit.

  • Min. Credit Score Required: 500
  • Min. Loan Amount: $500
  • Max. Loan Amount: $100,000
  • APR: 3.99% to 35.99%
  • Requirements: Credit score of 500+, legal US resident and ages 18+.
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How do fast personal loans work?

Applying for a personal loan is typically the same across lenders — where they differ is how long it takes them to process your application and disburse your loan funds. Online lenders tend to have the quickest process, and many are able to transfer funds to your bank account as soon as the next business day after getting approved. But many banks and credit unions are catching up, giving you multiple options when you’re looking to compare fast personal loans.

Can I get my loan funds on the same day I apply?

Some lenders do offer same-day funding, but generally, you’ll find most take one to two business days to fund your loan. Those that do offer same-day funding usually require you to apply during business hours, and some may even require you to visit a physical branch to complete your application in person.

Compare lenders that offer fast personal loans

Updated October 23rd, 2019
Name Product Filter Values Turnaround Time Min. Credit Score Max. Loan Amount
As soon as the same day
Varies
$20,000
An established online and in-store lender with quick turnaround times. Poor credit is OK.
1 to 3 business days
550
$10,000
Check eligibility in minutes and get a personalized quote without affecting your credit score.
Varies
Good to excellent credit
$100,000
Borrow up to $100,000 with low rates and no fees.
1 to 2 business days
580
$35,000
Conveniently check your loan options without affecting your credit score.
1 to 3 business days
640
$45,000

Compare up to 4 providers

3 personal loan providers with same-day funding

Very few lenders offer same-day funding for personal loans. These three may be your best option if you’re looking for fast approval.

1. LightStream

  • Loan amount: $5,000 to $100,000
  • APRs: Competitive
  • Terms: 3 years to 5 years

Provided you submit your application before 2:30 p.m. ET on a business day, LightStream may be able to disburse your funds the same day you apply.

2. OneMain Financial

  • Loan amount: $1,500 to $20,000
  • APRs: 18% to 35.99%
  • Terms: 2 years to 5 years

OneMain Financial may be able to get you your loan funds on the same day you apply. Just submit your application before noon on a business day, and a representative will reach out to complete the process.

3. RocketLoans

  • Loan amount: $2,000 to $45,000
  • APRs: 7.16% to 29.99%
  • Terms: 3 years to 5 years

Depending on when you apply and the bank you use, RocketLoans may be able to transfer your funds to you on the same day you apply — but it doesn’t give any specific rules on when you’ll need to have your application submitted by.

3 personal loan providers with next-day funding

While these aren’t the only three lenders that offer next-day funding, they provide competitive terms that may make borrowing more appealing.

1. Upstart

  • Loan amount: $1,000 to $50,000
  • APRs: 5.67% to 35.99%
  • Terms: 3 years to 5 years

Much of Upstart’s process is automated, allowing it to quickly make credit decisions. This means you may have your personal loan funded as soon as the next business day.

2. Avant

  • Loan amount: $2,000 to $35,000
  • APRs: 9.95 to 35.99%
  • Terms: 2 years to 5 years

Avant offers next-day disbursement for borrowers who submit their application and are approved before 4:30 p.m. CT on weekdays.

3. NetCredit

  • Loan amount: $1,000 to $10,000
  • APRs: 34% to 155% (Varies by state)
  • Terms: 0.5 years to 5 years

If approved, NetCredit may be able to deposit your loan funds into your bank account by the next business day. However, it doesn’t state exactly when you need to have your application submitted by.

How should I compare fast personal loans?

When choosing between different loan offers, consider these factors in addition to the loan speed to find the best deal:

  • APR. This is the annual cost of a loan and accounts for both interest and fees. Alongside the speed of your loan, it should be a top consideration. After all, it may be worth waiting a week for processing if it means you’ll save thousands of dollars in interest.
  • Loan amount. Not all personal loan providers offer the same range of funding, so you’ll want to first find a lender than can meet your exact borrowing needs. Otherwise, how fast you can get your loan won’t matter.
  • Loan term. This affects the total cost of your loan as well as how much you pay each month. Keep in mind that a fast personal loan may not be worth it if it means you’ll be saddled with a short loan term and unaffordably high monthly repayments.
  • Secured or unsecured. Deciding whether you want to back your loan with collateral or not can help you narrow down providers before looking at how fast you can receive your funds.

What if I don’t qualify for a traditional personal loan?

If you don’t have the credit to qualify for a traditional personal loan, you may want to consider a fast short-term lender instead. These providers can often fund loans in a day or two, but be cautious: Payday loans tend to have high APRs that can make repayments difficult to afford.

If you have something to offer as collateral, you can also look into pawn shop loans. You can usually leave the shop with cash the same day you walk in. And if you only need a small amount, many apps now offer advances on your paycheck — usually for a much smaller fee than you’d get with a short-term lender.

Compare more personal loan options

Updated October 23rd, 2019
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
3.84% to 35.99%
Good to excellent credit
$100,000
Get loan offers from multiple lenders at once without affecting your credit score.
Varies by lender
Available for all credit scores
$100,000
Get connected with a lender — or get debt advice.
6.49% to 17.99%
650
$25,000
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
6.98% to 35.89%
620
$50,000
Affordable loans with two simple repayment terms and no prepayment penalties.
3.99% to 35.99%
500
$100,000
Quickly compare multiple online lenders with competitive rates depending on your credit.
34% to 155% (Varies by state)
550
$10,000
Check eligibility in minutes and get a personalized quote without affecting your credit score.
6.95% to 35.89%
640
$40,000
A peer-to-peer lender offering fair rates based on your credit score.
4.99% to 35.99%
Good to excellent credit
$100,000
Get personalized rates in minutes and then choose a loan offer from several top online lenders.
3.84% to 35.99%
550
$100,000
Get connected to competitive loan offers instantly from top online consumer lenders.
5.99% to 17.66%
680
$100,000
No fees. Multiple member perks such as community events and career coaching.

Compare up to 4 providers

Important information

LightStream disclaimer

* Your APR may differ based on loan purpose, amount, term, and your credit profile. Rate is quoted with AutoPay discount, which is only available when you select AutoPay prior to loan funding. Rates under the invoicing option are 0.50% higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Payment example: Monthly payments for a $10,000 loan at 5.99% APR with a term of 3 years would result in 36 monthly payments of $304.17.

You can fund your loan today if today is a banking business day, your application is approved, and you complete the following steps by 2:30 p.m. Eastern time: (1) review and electronically sign your loan agreement; (2) provide us with your funding preferences and relevant banking information; and (3) complete the final verification process.

§ After receiving your loan from LightStream, if you are not completely satisfied with your experience, please contact them. They will email you a questionnaire so they can improve their services. When they receive your completed questionnaire, they will send you $100. LightStream’s guarantee expires 30 days after you receive your loan.

LightStream reserves the right to change or discontinue their guarantee at any time. Limited to one $100 payment per funded loan. LightStream and SunTrust teammates do not qualify for the Loan Experience Guarantee.

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