6 Best Quick Loans [April 2024] (2024)

LightStream

The best quick loans overall are from LightStream. The company provides funding as soon as the same day you apply, has an APR range of 7.49% - 25.99%, and offers loan amounts of $5,000 - $100,000. To qualify for a loan from LightStream, borrowers must have a credit score of at least 660.

Best Egg

Best Egg offers the best quick loans with a low minimum APR. Best Egg has a minimum APR of 8.99% and offers loan amounts of $2,000 - $50,000. The funding timeline is 1 to 3 business days after approval and verification. To qualify for a loan from Best Egg, borrowers must have a credit score of at least 640.

Upgrade

Upgrade offers quick loans that allow borrowers to apply with a co-signer. To qualify for an Upgrade loan, borrowers must have a credit score of at least 620, but if the primary borrower doesn’t have a good enough credit score, they can take advantage of their cosigner’s score. Upgrade also offers APRs of 8.49% - 35.99%, loan amounts of $1,000 - $50,000 and a funding timeline of 2 to 3 business days.

OppLoans

OppLoans offers the best quick loans with no credit check, meaning the company does not perform a hard pull of the borrower’s credit history when they apply, making it easier to get approved. OppLoans has an APR range of 160% - 179% on its loans of $500 - $4,000, which are funded within 2 to 3 business days.

FreedomPlus

FreedomPlus offers the best quick loans for people with fair credit, providing funding in 2 to 3 business days. To qualify for a loan from FreedomPlus, borrowers must have a credit score of at least 620. The company also has an APR range of 8.99% - 35.99% and offers loan amounts of $5,000 - $50,000.

LendingPoint

LendingPoint offers the best quick loans for people with bad credit, providing funding as soon as 1 business day after you apply. The company also offers an APR range of 7.99% - 35.99% and loan amounts of $2,000 - $36,500. To qualify for a loan from LendingPoint, borrowers must have a credit score of at least 580.

Best Quick Loans Comparison

*According to multiple third-party sources

There are quick loans available for people of all different credit levels. But the lower your credit score is, the more costly those loans are likely to be.

Tips for Getting a Loan Quickly

1. Apply online. You can increase your chances of a fast decision if you apply for a personal loan online, rather than in person or by mail. And “online lenders” that process all of their applications online are often faster than traditional banks and credit unions.
2. Check reviews. By looking at existing customers’ reviews of personal loans, you can see how long it has generally taken people to get approved and receive their money.
3. Pre-qualify first. Most people who are pre-qualified end up getting approved. And because the lender has already determined you meet some initial requirements, being pre-qualified has a chance to further increase the processing speed of your regular application.
4. Don’t neglect other terms. Getting a loan quickly is great. But it may be worthwhile to wait a little bit longer for approval if it means you receive a better APR, lower fees or a bigger loan. Keep all these things in mind when comparing your options.
5. Consider other sources of fast cash. If you’re in an emergency situation and really can’t wait for a loan, consider borrowing from a friend or family member or using a credit card.
6. Don’t get payday loans. One of the quickest types of loans is a payday loan, which is very short-term loan that you pay back from your next paycheck. While you may be able to get same-day funding with a payday loan, it won’t be worth it because the APRs will be extremely high, sometimes over 400%.
7. Avoid title loans. Auto title loans are a common source of quick funds. They are short-term loans secured by the document that grants ownership of a vehicle. These loans are not worth pursuing because they have sky-high interest rates and you risk losing your car if you can’t repay the loan.
8. Pay your loan off quickly once you get it. If you want to get a loan quickly and then get rid of it just as fast, you can pay more than the required minimum payment each month. Most lenders will not penalize you for paying off your loan earlier than required.