Rapid Cash works with borrowers who have bad credit and offers installment loans ranging from $100 to $1,000 and payday loans stretching from $100 to $500. You can get your money as soon as the same day or within one business day, depending on when your loan was approved.
However, you have to live in Florida and have proof of income to apply for a loan. That income can come from an employer or a government benefits agency. But Rapid Cash doesn’t work with self-employed individuals. Rapid Cash’s fees can also be on the high end. Interest rates on Rapid Cash installment loans are 208% plus a $5 verification fee. For comparison, Payday loan interest rates are 10% plus a $5 verification fee.
But if you want to borrow money outside of Florida and avoid excessive fees, these four options like Rapid Cash may meet your needs.
Our 4 top picks for loans like Rapid Cash
Alternative for large loans
Upstart personal loans
4.2 / 5
★★★★★
Upstart offers loans from $1,000 to $50,000 — much higher than you could get at Rapid Cash. And Upstart loans are available in 48 states, compared to Rapid Cash only available in Florida.
Upstart also offers interest rates as low as 7.8%, depending on factors like your credit history. However, origination fees can be as high as 12%. Rapid Cash also charges a $5 verification fee. Still, Rapid Cash's interest rates may be too excessive for some borrowers. Upstart places a 35.99% cap on interest rates.
- Not available in: West Virginia
Pros
- Interest rates as low as 7.8%
- High rating on Trustpilot
Cons
- Origination fees can be high
| Loan amount | $1,000 to $50,000 |
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| APR | 7.80% to 35.99% |
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| Interest Rate Type | Fixed |
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| Min. credit score | 300 |
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| Turnaround Time | 1 to 3 business days |
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| Maximum Loan Term | 5 years |
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| Minimum Loan Term | 3 years |
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| APR | 7.80% to 35.99% |
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| Min. credit score | 300 |
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| Loan amount | $1,000 to $50,000 |
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Alternative for multiple options
Fiona personal loans
4.2 / 5
★★★★★
If you're not satisfied with Rapid Cash's fees or lack of wider availability, you may find something worthwhile through a personal loans network. Fiona connects you with various lenders depending on details like the amount you want to borrow and your credit score.
These lenders may offer loans of up to $100,000. That's much higher than Rapid Cash's personal loan maximum of $1,000. Interest rates on these loans can be as low as 5.2%, depending on factors like your credit history.
However, you should be aware that Fiona doesn't provide loans directly. It matches you with different lenders. So you'd need to vet the terms and conditions of Fiona's recommendations carefully.
Pros
- Network with more than 30 lenders
- Easy application process
- Interest rates can be as low as 5.2%
Cons
- Interest rates and amounts vary depending on what Fiona recommends
- Third parties may approach you with offers via phone calls or email
| Loan amount | $1,000 to $100,000 |
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| APR | 5.20% to 35.99% |
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| Interest Rate Type | Fixed |
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| Min. credit score | Poor |
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| Turnaround Time | Varies by lender |
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| Maximum Loan Term | 12 years |
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| Minimum Loan Term | 0.33 years |
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| APR | 5.20% to 35.99% |
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| Min. credit score | Poor |
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| Loan amount | $1,000 to $100,000 |
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Alternative for low interest
LightStream personal loans
4.8 / 5
★★★★★
LightStream offers personal loans from $5,000 to $100,000, and interest rates range from 7.49% to 25.99% with autopay. Unlike many other lenders, including Rapid Cash, LightStream provides 0.50% discounts if you set up autopay before loan funding. LightStream also offers rates 10 percentage points lower than a competitor's rate on an unsecured loan you were approved for with the same loan terms offered by LightStream.
However, you should note that interest rates on personal loans would be 0.50% higher if you don't opt in for autopay before funding. And LightStream typically approves only customers with good to excellent credit.
*Payment example: Monthly payments for a $10,000 loan at 5.95% APR with a term of 3 years would result in 36 monthly payments of $303.99.
Truist Bank is an Equal Housing Lender. © 2020 Truist Financial Corporation. SunTrust, Truist, LightStream, the LightStream logo, and the SunTrust logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.
Pros
- Low starting interest rates
- Rate discounts offered
- Available in all 50 states
Cons
- Larger rates without autopay enrollment
- Typically need good to excellent credit for approval
| Loan amount | $5,000 to $100,000 |
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| APR | 7.49% to 25.99% |
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| Interest Rate Type | Fixed |
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| Min. credit score | Good to excellent credit |
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| Turnaround Time | As soon as same day |
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| Maximum Loan Term | 12 years |
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| Minimum Loan Term | 2 years |
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| APR | 7.49% to 25.99% |
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| Min. credit score | Good to excellent credit |
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| Loan amount | $5,000 to $100,000 |
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Alternative for zero interest
MoneyLion Instacash advances
MoneyLion Instacash offers cash advances up to $500, and you can even access up to $1,000 — depending on the type of account you have with the company. But unlike Rapid Cash, MoneyLion doesn't charge interest on cash advances. You can get your money within five business days. Or you can get it instantly if you pay a fee ranging from $1.99 to $8.99.
Similarly to payday loans, you generally pay the advance within a week or two — depending on your pay schedule. So, you'll need a source of income to qualify, which can include government benefits. The amount you can borrow generally depends on factors like the size of recurring deposits to your linked checking account and the frequency of your timely payments. You can access up to $700 if you become a Credit Builder Plus member for a $19.99 monthly fee and up to $1,000 if you open a RoarMoney bank account with recurring deposits.
- Available in: Alabama, Arizona, California, Delaware, Florida, Georgia, Idaho, Illinois, Kansas, Louisiana, Maryland, Michigan, Missouri, New Mexico, North Dakota, Oklahoma, South Carolina, South Dakota, Texas, Utah, Washington, Wisconsin, Wyoming
Pros
- No credit check required
- Zero interest on cash advances
- Cash advances available in all states
Cons
- Sued by the CFPB
- Not Better Business Bureau accredited
- Access to larger cash advances requires fee-based memberships
| Loan amount | Up to $500 or $1,000 with RoarMoney account |
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| Loan Term | Due by your next pay date |
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| Turnaround time | Up to 5 days or instant for a fee of $0.49 to $8.99 |
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| Loan amount | $50 - $500 |
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| Turnaround time | Up to 5 days or instant for a fee of $0.49 to $8.99 |
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How does Rapid Cash compare?
Rapid Cash offers installment loans and payday loans to people with bad credit — but at a high price. It also doesn’t provide loans to service members or the self-employed. And you need to reside in Florida to work with Rapid Cash. However, other loan providers and cash advance apps can offer more affordable alternatives to a wider range of customers.
Pros
- No credit required for payday loans
- Works with people who have bad credit
Cons
- High rates and fees
- Doesn’t offer loans if you’re self-employed or live outside of Florida
Compare quick options for larger loans
