Fastest Personal Loans for Quick Cash in 2025
Waiting days for funding on a personal loan may seem like an eternity when you need fast cash. Many lenders offer same-day funding loan options for fast personal loans. With same-day funding, you can use the cash to catch up on bills, consolidate debt, or for almost any other purpose.
Here you’ll find the fastest personal loans and funding times, along with interest rates and repayment terms for borrowers with credit scores ranging from excellent to less-than-perfect.
6 fast and easy personal loans to get online
Applying in person at a bank to take out a personal loan can take up to five days or longer. On the other hand, applying online for a personal loan is convenient, quick, and easy. Applying online can speed up the approval and funding process for same-day funding, meaning you could get loan funds in your bank account the day you apply.
Some lenders may even prequalify you with only a soft pull on your credit, so there’s no impact on your credit score. You can also find out the interest rate and set up repayment terms online.
We’ve done the research to locate lenders offering the fastest personal loans. Below, you can find out more about lenders, interest rates, the credit score you’ll need, and repayment terms.
Credible
Best Marketplace
Why we picked it
Credible offers a fast, hassle-free way to compare personal loans from multiple lenders in one place. You can see prequalified rates from various providers in minutes without affecting your credit score.
Same-day results make it ideal for borrowers who need quick funding options, and Credible’s extensive lender network ensures you’re likely to find a loan that fits your needs, even if your credit profile isn’t perfect.
| Rates (APR) | 5.40% – 35.99% |
| Loan amounts | $600 – $100,000 |
| Min. credit score | 580 |
| Repayment terms | Depend on lender |
SoFi
Best for Good Credit
Why we picked it
SoFi offers same-day funding for qualified borrowers, making it one of the fastest personal loan providers in the market. It’s best suited for individuals with good to excellent credit scores, and its rates are most competitive for those borrowers.
Beyond fast cash, SoFi provides additional perks like financial planning tools. For borrowers with a stable credit profile, SoFi offers both speed and long-term value.
| Rates (APR) | 7.99% – 23.43% |
| Loan amounts | $5,000 – $100,000 |
| Min. credit score | 660 |
| Repayment terms | 2 – 7 years |
LightStream
Best for Excellent Credit
Why we picked it
LightStream is ideal for borrowers with excellent credit. It offers some of the lowest rates in the market and a fast funding process. In many cases, borrowers can get funds the same day they apply.
LightStream has no restrictions on how you use your loan funds and assesses no fees. Its Rate Beat Program ensures that qualified borrowers always get a competitive rate, making it a top choice for those who prioritize affordability and speed.
| Rates (APR) | 5.99% – 23.99% |
| Loan amounts | $5,000 – $100,000 |
| Min. credit score | 660 |
| Repayment terms | 2 – 7 years |
Navy Federal
Why we picked it
Navy Federal Credit Union caters to military members with fast personal loan options and same-day funding. Borrowers can expect competitive rates, especially for those with strong credit histories.
While membership is required to access these loans, Navy Federal’s focus on military families and veterans makes it an excellent choice for those who qualify. Its same-day funding option can be a lifesaver for members who need quick cash for unexpected expenses.
| Rates (APR) | 7.49% – 18.00% |
| Loan amounts | $250 – $50,000 |
| Min. credit score | Not disclosed |
| Repayment terms | Up to 15 years |
Rocket Loans
Why we picked it
Rocket Loans combines fast funding with a 100% digital application process, making it a super convenient option. The company claims to fund loans on the same day in many cases, especially for borrowers who apply early in the day and meet all qualification requirements.
The application process is straightforward, and the platform’s automated underwriting speeds up the process, making it ideal for borrowers looking to avoid lengthy paperwork and delays.
| Rates (APR) | 8.42% – 29.99% |
| Loan amounts | Up to $45,000 |
| Min. credit score | Mid-600s |
| Repayment terms | 3 or 5 years |
Engine by MoneyLion
Best Marketplace for a Personal Line of Credit
Why we picked it
Engine by MoneyLion offers personal loans and personal lines of credit, giving borrowers the flexibility to choose the product that best suits their needs. With same-day results and a quick digital application process, you can get access to funds fast.
The personal loan option is excellent for borrowers who need a lump sum, while the line of credit provides ongoing access to funds without reapplying. This flexibility makes Engine by MoneyLion a standout choice for fast personal loans and lines of credit in 2025.
| Rates (APR) | 8.49% – 35.99% |
| Loan amounts | Not disclosed |
| Min. credit score | Not disclosed |
| Repayment terms | Depends on lender |
Immediate loans often come with higher interest rates, so it is essential to first assess the urgency of the funding need. If the situation demands immediate action and can’t be delayed, the higher interest rate may be justified. However, if time permits, I recommend exploring and comparing different options to secure more favorable terms.
How fast can you get approval on a personal loan?
Depending on the lender and whether you apply online or in person, getting approved for a personal loan can be as fast as the same day or as long as several days. However, when you apply online, you may get loan preapproval in just a few minutes.
When you apply for a personal loan at an online loan marketplace such as Credible, you may get preapproved for a personal loan from multiple lenders. Then, you can apply to your top choice lender’s offer, often with same-day approval. Factors that can affect the speed of loan approval include:
- Your credit score
- How long it takes to verify your income
- Your debt-to-income ratio (DTI)
- Verifying collateral (secured loans)
- Submission of all required documents
Our tips to speed up the loan approval process include:
1. Apply to lenders that offer instant or same-day approval.
2. Choose lenders that have prequalified you for a loan.
3. Request a loan amount you can repay with affordable payments.
4. Submit all requested documents and information with your application.
5. Pay down credit card balances if possible, and request credit limit increases to lower your DTI.
6. Get a cosigner with good credit if your score is too low to qualify.
Is there a benefit if you can wait a few days for a personal loan?
No matter how fast you need cash, rushing to apply for a personal loan with same-day funding on a personal loan might not always be your best option. Taking a few days to compare lenders and prequalified loan offers could save you hundreds or even thousands in interest.
When you compare lenders, look at rates, repayment periods, and typical funding times to make the best decision for your financial situation. Waiting a few days also gives you time to check out third-party customer reviews for lenders you have in mind.
The table below lists lenders that offer fast personal loans, with funding available within the next day to three business days. When choosing a lender, review rates and other loan terms, as well as any other unique benefits.
For example, Upgrade offers a short-term hardship program that allows you to make lower payments for a set period if you have a financial setback. If you want to consolidate debt, Achieve offers a direct-pay discount if you allow the lender to use your loan funds to pay your creditors directly.
Can you get a fast personal loan with bad credit?
If you have bad credit, you may still qualify for a fast personal loan with select lenders. However, the loan will typically come with a much higher interest rate than if you had good-to-excellent credit. Generally, lenders of fast personal loans consider the following credit requirements:
- Credit score of 300 to 680
- Minimum income requirement
- Debt-to-income ratio (lower is better)
- Employment history
- Collateral (secured loans)
If your credit score is between 300 to 680, your loan application can be approved. Be sure to choose lenders that work with borrowers still working on raising their credit score.
Upgrade (580 minimum credit score) and Lending Point (585 minimum credit score) from the table above are two lenders that serve bad-credit borrowers. Upstart (300 minimum credit score, the lowest possible) offers personal loans to borrowers with thin credit files due to having only a few credit accounts or none at all.
Can you get a fast personal loan with no credit check?
If your credit score is too low to get approved for a personal loan, there are a few types of fast personal loans that don’t require a hard inquiry on your credit. However, each type carries extra costs and risks.
- High-interest personal installment loans. Some lenders offer loans to borrowers with fair or poor credit without a hard pull on your credit. However, no-credit-check personal loans typically come with a high interest rate and additional fees.
- 60 Month Loans offers loans for up to $10,000 with no credit check in many states. This lender stands out for longer repayment periods than many other no-credit lenders, up to five years. Funding takes from one to three days, and rates start at 17.85% APR for a $5,000 loan and go up to 35.70% APR for lower amounts.
- Payday loans. This type of loan should be a last resort. Payday loans are loaded with fees ranging from $10 to $30 for every hundred dollars you borrow and interest rates as high as 400%. Short repayment periods can make it difficult to pay off this type of loan on time if you’re already having a tough time paying your monthly bills.
- Payment plans on purchases. Known as buy now, pay later plans, companies offer this type of loan to stretch out the repayment period on a retail purchase over four to six weeks with no interest added. Review the terms carefully; some plans contain additional fees.
- Cash advance apps. With cash advance apps such as EarnIn, our team’s highest-rated cash app, you can borrow money from your earnings and have it deducted from your next paycheck. Some cash advance apps offer instant payment into your bank account. However, you may owe fees on amounts borrowed.
If you’re already strapped for cash, beware of getting caught up in a debt cycle of repeated borrowing.
Is it faster to get a secured or unsecured personal loan?
Secured vs. unsecured loan processing times vary, but depending on the lender, approval and funding for unsecured personal loans tend to be faster. The lender must verify the value of the collateral, which can extend loan processing time.
For example, you might list your car as collateral. Best Egg allows you to put up home fixtures such as cabinets, light fixtures, and bathroom vanities.
Alternatives to a personal loan if you need cash fast
If you’re unsure whether you can qualify for a personal loan—or need cash even faster—several alternatives are worth exploring. Each option has pros and cons, so it’s essential to choose the one that best fits your situation.
1. Cash advance apps
Apps such as EarnIn, Empower, and Brigit offer small cash advances based on your expected paycheck. These are typically fee-free or charge a small subscription fee instead of interest, making them a low-risk alternative for short-term needs.
Best for: People with steady paychecks who need a small advance to cover immediate expenses.
2. Paycheck advances from your employer
Some employers offer paycheck advances as part of their benefits package, often through earned wage access (EWA) providers such as Payactiv or DailyPay. These advances let you access your earned but unpaid wages without waiting for your next paycheck.
Best for: Employees with EWA access who want to avoid third-party apps.
3. Borrow from friends or family
A loan from someone you trust can be faster and more flexible than applying for a formal loan. Make sure to set clear terms to avoid misunderstandings.
Best for: Those who have a supportive network and want to avoid fees or interest.
4. Credit card cash advances
While cash advances from a credit card can be expensive due to high fees and interest rates, they’re a quick way to get cash if you need it immediately.
Best for: People with available credit who need a larger sum quickly and are confident they can repay it fast.
5. Sell items or side gigs
If you have valuable items you no longer need or can offer a service via freelance work or gig jobs, you can raise money without taking on debt.
Best for: Those who prefer to avoid borrowing altogether.
How we selected the fastest personal loans in 2025
Since 2017, LendEDU has evaluated personal loan companies to help readers find the best personal loans. Our latest analysis reviewed 1,029 data points from 49 lenders and financial institutions, with 21 data points collected from each. This information is gathered from company websites, online applications, public disclosures, customer reviews, and direct communication with company representatives.
These star ratings help us determine which companies are best for different situations. We don’t believe two companies can be the best for the same purpose, so we only show each best-for designation once.
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