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Best Quick Cash Loans for You?

Consumers who need quick access to cash may benefit from the adaptability of fast personal loans. Even though it could take a few business days for the money to reach your account, some lenders offer financing on the same day or the following day.

However, this convenience may come with higher interest rates and costs, so you should compare the various loan options that provide quick cash before applying for one.

How Quickly Can a Personal Loan Be Obtained?

Some lenders offer instantaneous approvals and same-day funding for personal loans. But most people get the money from a private loan within three to five business days after the loan is approved and verified.

Personal loan funding times also rely on how quickly your bank processes and makes available the loan funds. Ask your financial institution how long it will take for the money to be placed into your account if you need cash immediately.

What are the best quick cash loans?

Even though it’s impossible to get a personal loan on the same or the next business day for all of them, some loan providers offer this option.

GadCapital recommends the following companies for investment on the same day or the next day:

Personal Loan from LightStream

Lightstream personal loans are a good choice if you want to get money the same day and pay low-interest rates. GadCapital’s list of the best personal loans for 2022 puts this lender at the top, and you can get the money quickly.

But this lender is not a good choice for people with bad credit or no credit history. LightStream needs applicants to have a credit score of at least 650.

This is the cheapest way to get cash quickly for people who can get a personal loan from LightStream. You can get the money the same day if your loan is approved and signed by 3:30 p.m. ET.

4.99% to 20.99% APR with AutoPay (effective July 1, 2022). Rates change depending on the loan.

Upstart Personal Loans

Upstart only has loans for three and five years. Even though there are no fees for paying off the loan early, the terms are less flexible than loans from other lenders.

Personal loans can be paid out the next business day if they accept them and takes them4 p.m. ET gets them.

APR: 4.09% to 36.99%

Avant Personal Loan

Personal loans from Avant are the best way for people with fair credit to get money quickly. GadCapital’s list of the best personal loans of 2022 also included this lender.

Avant’s starting APR isn’t the lowest, but the average borrower has a credit score between 700 and 800. This company will look at low scores. If the loan is approved by 4:00 p.m. CT on a weekday, the money can be sent the next business day.

But it’s important to know that this lender charges up to a 4.80% administrative fee. It could be an option for people with fair credit who need money quickly, but people with better credit might find better rates elsewhere.

APR: 9.90% to 30.99%

What are some other ways to get quick cash besides personal loans?

It’s important to remember that if you have an emergency fund or cash savings, it’s better to use those funds than to borrow. You can try a few other options if you need to borrow money quickly.

Credit unions.

Payday alternative loans are not the same as traditional payday loans. Many credit unions offer them, and they work with all borrowers.

Only members can get these loans, but they are suitable for anyone who needs a small loan and can pay it back quickly.

The National Credit Union Administration says that payday loans and other alternatives usually range from $100 to $2,000 and last between one and six months. Check with your credit union to see if this is an option and, if so, what the interest rates and loan amounts are.

Family and friends loans.

Even though loans from family and friends shouldn’t be taken lightly, they could be an option for people who need cash faster than a bank could send it.

If you want to give or get this kind of loan, a financial planner suggests putting the terms and plans for paying it back in writing and, if you can, paying the interest.

A 0% interest credit card.

It could be an excellent way to spend money if you have or can get a credit card with 0% interest during the introductory APR period.

But you’ll have to pay off the balance before the 0% interest period ends. Most cards let you borrow money without paying interest for between 9 and 21 months.


All personal loans examined for this collection have same-day or next-business-day funding availability. We looked at the interest rate, loan terms, and maximum loan amount to find the best OK personal loans for fast cash.

How can I find the most acceptable personal loan for quick cash?

Consider the things essential to you when searching for the best personal loan for quick cash. Many borrowers prioritize the shortest financing time, the lowest interest rate, costs, minimum credit score required, and the lender’s customer service accessibility.

You should also ensure that you may choose a term length that fits you and that your loan’s purpose is permitted by the lender you chose.

This and similar guides enable you to evaluate the advantages and downsides of multiple lenders in one location. Additionally, read the evaluations of any lenders you are considering.

How to Obtain a Personal Loan Quickly

You may take several steps for chances of being accepted and receiving funds swiftly. Follow these steps to obtain a personal loan quickly:

Examine your credit rating.

A personal loan is more likely to be accepted for borrowers with a credit score of at least 680 than for less creditworthy candidates.

Possessing a solid credit history makes it simpler to qualify with a lender who offers fast funding speeds at competitive rates. Check your credit score and report early on so you have time to make corrections or dispute errors.

Determine the amount you need and the amount you can afford to borrow.

The average range for personal loan amounts is between $2,000 and $20,000. However, flexible loan amounts are not always available with quick funding.

Before selecting a lender and applying for a loan, you should determine how much money you need. This will help you limit your alternatives and choose a loan that fits your timeframe rather than waste time on lenders who do not satisfy your requirements.

Gather all of the required documentation.

The documentation required to apply for a personal loan varies from lender to lender but often includes a driver’s license, social security number, proof of income, and proof of address.

Additionally, the lender may require a copy of your bank statements. If you need access to personal loan cash urgently, you should organize these documents before applying to complete the approval procedure as swiftly as possible.

Prequalify with numerous lending institutions.

Compare personal loans from different lenders to obtain the best interest rate, repayment duration, and costs. Before devoting time to the application process, prequalify whenever possible to determine the loan amount and interest rate you are likely to qualify for.

Submit a loan application to your preferred lender.

After obtaining prequalification from many lenders, continue the application and underwriting process with the lender that provides the quickest funding speed. Typically, this can be accomplished online.

However, you may be required to speak with a loan officer over the phone or provide extra documentation to complete verification. Respond promptly to lender demands to prevent underwriting delays.

Why should one rely on GadCapital’s suggestions?

At GadCapital, we endeavor to assist intelligent individuals in making the most significant financial decisions. So that you don’t have to, we spent countless hours comparing the benefits and tiny print of dozens of personal loans.

We know, though, that “best” can be a matter of opinion. That’s why, in addition to highlighting the pros of a lender’s loan, we also list the cons.

Can a personal loan be obtained without a credit check?

With the majority of lenders, no. All lenders conduct credit checks. GadCapital doesn’t have a minimum credit score. A credit check could help you qualify for the lowest possible interest rate.

What purposes might a personal loan serve?

Personal loans can be used for various purposes, although lenders typically stipulate those purposes. Commonly, they are utilized for unforeseen circumstances, such as house repairs or medical bills.

Personal loans can also be used to pay for significant purchase costs that do not qualify for conventional loans, such as a wedding or purchasing a motorcycle or recreational vehicle.

Consolidating credit card debt into a single monthly payment is another typical usage, making credit card debt easier to manage. Verify with your lender that your goals are compatible with the lender’s loan alternatives.

Could I save money by delaying cash withdrawals?

In certain circumstances, yes. For the ease of rapid cash, some lenders impose higher interest rates or fees. Working with a lender with a lower interest rate and waiting a few days for your money could save you money in the long run on interest charges.

Nevertheless, this is not always the case. Even for those who don’t need the money quickly, LightStream’s low-interest rates make it a leading option for personal loans for those with excellent credit.

The same holds for borrowers with average credit and Avant, which topped our ranking of the best personal loans in 2022.

Payday Loans