Loans like Bright Lending

OppLoans offers fast turnaround installment loans from $500 to $4,000, which is similar to Bright Lending. It also accepts bad credit borrowers, and the loan terms are comparable, at nine to 18 months. But whereas Bright Lending has APRs ranging from 500% to 725%, Opp Loans rates range from 160% to 195%.

• Not available in: Colorado, Connecticut, Georgia, Iowa, Maryland, Massachusetts, New York, South Dakota, Vermont, Washington, West Virginia

• Why we like it

  OppLoans offers fast turnaround installment loans from $500 to $4,000, which is similar to Bright Lending. It also accepts bad credit borrowers, and the loan terms are comparable, at nine to 18 months. But whereas Bright Lending has APRs ranging from 500% to 725%, Opp Loans rates range from 160% to 195%.

• Pros and cons

  Pros

  • Lower rates than Bright Lending
  • Higher maximum loan amounts
  • No origination fees

  Cons

  • Rates are still high compared to other loan options
  • Must receive pay by direct deposit
  • Bank account must be at least 90 days old

• More details

  APR	160% to 195%
  Loan amount	$500 to $4,000
  Loan Term	9 to 18 months
  Turnaround time	As soon as the same business day

Upstart reports to the three major credit bureaus, which can help you build credit or improve your credit score. This feature is a departure from online loans like Bright Lending, which don't report to credit bureaus. But, like Bright Lending, Upstart accepts borrowers with bad credit or no credit. It also offers larger loan amounts than Bright Lending — from $1,000 to $50,000 — and has much more reasonable rates ranging from 6.7% to 35.99%. But Upstart may charge origination fees up to 12% which adds to the total cost of the loan.

• Not available in: Connecticut, Iowa, Maine, Maryland, Nevada, New York, Oklahoma, Oregon, West Virginia

• Why we like it

  Upstart reports to the three major credit bureaus, which can help you build credit or improve your credit score. This feature is a departure from online loans like Bright Lending, which don't report to credit bureaus. But, like Bright Lending, Upstart accepts borrowers with bad credit or no credit. It also offers larger loan amounts than Bright Lending — from $1,000 to $50,000 — and has much more reasonable rates ranging from 6.7% to 35.99%. But Upstart may charge origination fees up to 12% which adds to the total cost of the loan.

• Pros and cons

  Pros

  • Helps to build credit history
  • Better rates than Bright Lending
  • Larger loan amounts

  Cons

  • May charge origination fees
  • Minimum loan amount is $1,000
  • Loan terms are limited to 3 or 5 years

• More details

  Loan amount	$1,000 to $50,000
  APR	6.7% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	300
  Turnaround Time	As soon as the same day
  Loan Term	36 or 60 months

Many lenders, like Bright Lending, need to see a reliable, verifiable source of income to approve loans, which can be difficult for those who are self-employed or work in the gig economy. But Dave — a cash advance provider, not a lender — offers advances up to $500 even to non-traditional workers. You'll have to pay it back out of your next deposit, however, which is a much shorter loan term than Bright Lending. But there are no interest charges or late fees, so you'll only repay what you borrow.

• Available in all states

• Why we like it

  Many lenders, like Bright Lending, need to see a reliable, verifiable source of income to approve loans, which can be difficult for those who are self-employed or work in the gig economy. But Dave — a cash advance provider, not a lender — offers advances up to $500 even to non-traditional workers. You'll have to pay it back out of your next deposit, however, which is a much shorter loan term than Bright Lending. But there are no interest charges or late fees, so you'll only repay what you borrow.

• Pros and cons

  Pros

  • No interest or late fees
  • No credit check
  • No direct deposit required

  Cons

  • Smaller maximum loan amount
  • Shorter loan terms
  • Charges fees for fast transfers

• More details

  Loan amount	Up to $500
  Loan Term	Varies
  Turnaround time	Up to 3 business days to an external debt card, instantly to a Dave checking or instant to an external bank account for an optional fee.

Bright Lending's loan amounts top out at $3,000, but with OneMain Financial, you can borrow anywhere from $1,500 to $20,000. And it has much lower rates than Bright Lending, starting as low as 18% and capped at 35.99%. But OneMain Financial charges origination fees up to 10%, and some borrowers may need to visit a branch office to finalize their documents.

• Not available in: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont

• Why we like it

  Bright Lending's loan amounts top out at $3,000, but with OneMain Financial, you can borrow anywhere from $1,500 to $20,000. And it has much lower rates than Bright Lending, starting as low as 18% and capped at 35.99%. But OneMain Financial charges origination fees up to 10%, and some borrowers may need to visit a branch office to finalize their documents.

• Pros and cons

  Pros

  • Larger loan amounts
  • Better interest rates
  • Offers a secured loan option

  Cons

  • Charges origination fees
  • May have to visit a branch office
  • Minimum loan is $1,500

• More details

  Loan amount	$1,500 to $20,000
  APR	18% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	Not specified
  Turnaround Time	As soon as one hour
  Loan Term	24, 36, 48 or 60 months

• Partner terms and conditions

  <sub>* OneMain Disclosures:
  
  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). 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. Loan approval and actual loan terms depend on your state of residence and your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). 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: Unless you are a present customer, $3,100 minimum loan amount. North Dakota: $2,000. Ohio: $2,000. Virginia: $2,600.
  
  Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: North Carolina: $7,500. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.
  
  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.</sub>

If you're looking for a joint loan, Achieve might have the right solution for you. Plus, when you apply with a qualified co-borrower, you could be eligible for a lower interest rate. Achieve also offers discounts if you can show sufficient funds in a retirement account or have your loan proceeds sent directly to your creditors. Achieve charges origination fees up to 6.99%, but even at the highest rate of 29.99%, it beats Bright Lending APRs by a mile.

• Available in: Alabama, Alaska, Arizona, Arkansas, California, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington

• Why we like it

  If you're looking for a joint loan, Achieve might have the right solution for you. Plus, when you apply with a qualified co-borrower, you could be eligible for a lower interest rate. Achieve also offers discounts if you can show sufficient funds in a retirement account or have your loan proceeds sent directly to your creditors. Achieve charges origination fees up to 6.99%, but even at the highest rate of 29.99%, it beats Bright Lending APRs by a mile.

• Pros and cons

  Pros

  • Multiple rate discounts
  • Larger loan amounts
  • Lower APRs

  Cons

  • Minimum loan amount is $5,000
  • Charges origination fees
  • May also charge an underwriting fee

• More details

  Loan amount	$5,000 to $50,000
  APR	8.99% to 29.99%
  Interest Rate Type	Fixed
  Min. credit score	620
  Turnaround Time	As soon as same business day
  Loan Term	24 to 60 months

EarnIn is a paycheck advance app rather than a lender like Bright Lending, but it won't check your credit or charge interest or late fees. In fact, EarnIn offers completely free advances up to $750 that you'll repay once your next paycheck drops. You'll only pay a small fee if you don't want to wait one to three days for free delivery of your funds. But you may have to submit timesheets or otherwise prove your hours worked.

• Not available in: Connecticut

• Why we like it

  EarnIn is a paycheck advance app rather than a lender like Bright Lending, but it won't check your credit or charge interest or late fees. In fact, EarnIn offers completely free advances up to $750 that you'll repay once your next paycheck drops. You'll only pay a small fee if you don't want to wait one to three days for free delivery of your funds. But you may have to submit timesheets or otherwise prove your hours worked.

• Pros and cons

  Pros

  • Advances up to $750 per pay period
  • No interest or late fees
  • No credit check

  Cons

  • Advance based on hours worked
  • Can only request $150 per day

• More details

  APR	0%
  Loan amount	Up to $150/day, with a max of $750 between paydays
  Loan Term	1 to 4 weeks
  Turnaround time	1 to 3 business days or within minutes for a fee starting at $2.99 per transfer

• Partner terms and conditions

  EarnIn is not a bank. Access limits are based on your earnings and risk factors. Available in select states. Terms and restrictions apply. Visit EarnIn.com for full details. Expedited transfers available for a fee. Visit Earnin.com for full details.