6 Best Quick Loans [September 2024] (2024)

WalletHub can help you compare rates and find the best quick loan.

The best quick loans offer APRs as low as 8.99%, have no origination fees, and accept applicants with less-than-ideal credit. In general, quick loans offer funding anywhere from the same day you apply to three business days later, depending on the lender and your overall creditworthiness. To help you find loans with both fast funding and worthwhile terms, WalletHub’s editors picked out the best quick loans from 80+ lenders.

Best Quick Loans of 2024

Winner:LightStream
Low Minimum APR:American Express
Applying with a Co-applicant:Alliant Credit Union
No Credit Check:60MonthLoans
Fair Credit:Discover
Bad Credit:Achieve Personal Loans

To make applying for a loan as quick as possible, it’s a good idea to get pre-qualified first. You’ll be able to see your odds of approval ahead of time, along with an estimate of what rates you might get. You can get started with WalletHub’s free pre-qualification tool.

Also, make sure to accurately fill out your application and provide any information the lender needs. Most lenders offer a same-day decision if everything is in order.

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Updating Personal Loans

LendingClub$5,000 Loan • 60 Months

3.55 out of 5 rating

Est. Payment*

$144/mo

Est. APR*

8.98% - 35.99%

Est. FEE*

$150

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on WalletHub’s loan comparison tool

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Pre-qualify before you apply

See your interest rate for free – will not impact your credit score.

Pre-qualify before you apply

See your interest rate for free – will not impact your credit score.

Best Egg$5,000 Loan • 60 Months

3.6 out of 5 rating

Est. Payment*

$145/mo

Est. APR*

LendingClub$5,000 Loan • 36 Months

3.55 out of 5 rating

Est. Payment*

$198/mo

Est. APR*

8.98% - 35.99%

Est. FEE*

$150

View My Rate

on WalletHub’s loan comparison tool

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Best Egg$5,000 Loan • 36 Months

3.6 out of 5 rating

Est. Payment*

$200/mo

Est. APR*

7.99% - 35.99%

Est. FEE*

$250

View My Rate

on WalletHub’s loan comparison tool

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Best Quick Loans in 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, you need a credit score of at least 700. You can check your score for free right here on WalletHub.

TD Bank
TD Bank offers the best quick loans for debt consolidation, providing loans up to $50,000 with a repayment period of 36 - 60 months and an APR of 8.99% - 23.99%.

You may receive your funds as soon as the next business after approval. A credit score of Not disclosed is required for approval.

American Express
American Express offers the best quick loans with a low minimum APR, giving $3,500 - $40,000 with an APR as low as 5.91%. Amex funds the loans as soon as 1 day after approval.

To qualify for a loan from American Express, you must be an existing Amex customer and have a credit score of at least 660.

Alliant Credit Union
Alliant offers quick loans and allows you to apply with a co-applicantif you don’t have a good enough credit score. Reportedly, Alliant requires a credit score of at least 640. Alliant also offers APRs of 10.99% - 13.99%, loan amounts of $1,000 - $100,000 and funding as soon as the same day you are approved.

60MonthLoans
60MonthLoans offers the best quick loans with no credit check, meaning the company does not perform a hard pull of your credit history when you apply, making it easier to get approved. 60Month Loans has an APR range of 19.09% - 35.83% on its loans of $2,600 - $10,000, which are funded within 1 business day after approval.

Discover
Discover offers the best quick loans for people with fair credit, providing funding as soon as the next business day. It also has an APR range of 7.49% - 24.99% and offers loan amounts of $2,500 - $40,000. To qualify for a loan from Discover, you must have a credit score of at least 660.

Achieve Personal Loans
Achieve offers the best quick loans for people with bad credit, providing funding as soon as the next day after approval. The company also offers an APR range of 8.99% - 35.99% and loan amounts of $5,000 - $50,000. You need a credit score of at least 620 to qualify for a loan from Achieve.

Best Quick Loans Comparison

Lender	APR	Funding Timeline	Score Required
LightStream	7.49% - 25.99%	As soon as the next business day	660
TD Bank	8.99% - 23.99%	As soon as the next business after approval	660-750*
American Express	5.91% - 19.97%	As soon as 1 day after approval	660
Alliant Credit Union	10.99% - 13.99%	As soon as the same day you are approved	640*
60MonthLoans	19.09% - 35.83%	1 business day after approval	550
Discover	7.49% - 24.99%	As soon as the next business day	660
Achieve Persona Loans	8.99% - 35.99%	As soon as the next day after approval	620

*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

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.
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.
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.
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.
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.
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%.
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.
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.

Methodology for Selecting the Best Quick Loans

To identify the best quick loans, WalletHub’s editors compared offers from 80+ lenders based on a combination of WalletHub Rating components: loan requirements, APR, fees, the application process, loan amounts, loan terms, and transparency. Metrics with higher priority, such as approval and funding times, were assigned higher weights than others.

Why People Trust WalletHub

WalletHub

Unlike other sites that only promote loans they're paid by, WalletHub's editors focus on finding the best loans. WalletHub makes it easy to find the best quick loans.

About the author

Gino Rodriguez

Gino Rodriguez was a staff writer for WalletHub specializing in personal loans. Gino has experience as an editor and writing tutor. He has also worked in customer service and with nonprofit organizations.

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Best Quick Loans FAQ

Comparing Personal Loans can be tough. But you've got the knowledgeable WalletHub community on your side. Other consumers have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not the financial institution's responsibility to ensure all posts and questions are answered.

How can I get a loan immediately?

Grace Enfield, Content Writer

@grace_enfield

To get a loan immediately, apply online for a personal loan from a lender known for quick approval and funding, such as LightStream, which funds loans as soon as the same day. Alternatively, you could get a payday loan, a pawn shop loan, an auto title loan, or a loan from a friend or family member. Each option has its own strengths and weaknesses.

Places To Get a Loan Immediately

Personal loan providers
Some personal loan providers can fund your loan as soon as the same day, but this is unusual. It typically takes around a week to get a personal loan, with a few business days for approval and a few more for delivery of the funds.
Payday lenders
Most places advertising "instant" loans are payday lenders, which lend small amounts of money against your next paycheck. Borrowing from payday lenders is absolutely not worth it. You'll have just 2 - 4 weeks to pay back the loan (when your next paycheck comes in), and the fees are often equal to an APR of 400% or more.
Auto title lenders
You can get instant cash from these lenders by securing a loan with the rights to your car, but if you can't pay the loan back, the lender can repossess your car. Typically, auto title loans only last for up to a month and can cost you up to a quarter of what you borrow.
Pawns shops
If you bring valuables into a pawn shop, they will offer you a fraction of the value in return, around 20% - 60%. The good news is that you can get your item back if you repay that money, along with interest, in a set number of months. The bad news is that interest is 2% to 25% per month, and the shop can sell your item if you don't pay in full.
Borrowing from friends or family
People with whom you have a trusting relationship may lend you cash on short notice. However, while you may be able to get money from them instantly, it's smart to take the time to write up and sign a contract before any cash changes hands.

Other Ways to Borrow Instantly

Credit cards
Credit cards offer funds quickly, and may have an introductory 0% APR period. If you're looking to finance a large purchase, you should take advantage of this period.
Home equity lines of credit
Home equity lines of credit let you borrow up to a certain amount on-demand. That amount is based on your home's equity, and you will have to use your home as collateral.

Ultimately, there is a limited selection of instant and same-day loans. The most common "instant" loans may not be worth it due to the small loan amounts, large fees and short payoff periods. Additionally, there is no guarantee that you'll get a loan instantly. You may have to wait a day or two to receive your funds.

If you're interested in applying for a personal loan, it's smart to pre-qualify first to see which lenders may approve you and what rates may be available to you. You can pre-qualify for free on WalletHub.

Upvotes

How can I get a quick loan?

Adam McCann, Financial Writer

@adam_mcan

To get a loan quickly, apply online with a personal loan provider that is known for fast approval and funding times, such as LightStream. Applying online will ensure the fastest possible application processing time, assuming that all information on the application is accurate and entered correctly. You could get your loan funded within 2-3 business days, if not the same day.

Secured personal loans also tend to provide quick decisions, as the collateral they require...

Upvotes

What are the easiest loans to get approved for?

Gino Rodriguez, Writer

@gino_rodriguez

The easiest loans to get approved are loans that don't require a credit check such as payday loans, pawnshop loans, car title loans, and personal loans with no credit check. These types of loans offer quick funding and have minimal requirements, so they're easy to get even for people with bad credit.

Below, you can compare some of the easiest personal loans to get approved for right now.

Easy Personal Loans to Get Approved For

Best...

Upvotes

Where can I get a good $2,000 loan?

Adam McCann, Financial Writer

@adam_mcan

You can get a $2,000 loan from lenders such as Citibank, Avant, Best Egg, and Prosper. The best place to get a $2,000 loan is Citibank because Citi offers personal loans of $2,000 to $50,000 and never charges an origination fee. Most big lenders that don't charge origination fees have loan minimums above $2,000.

If you'd like to see what $2,000 loan options you might qualify for, use WalletHub's free pre-qualification tool. You can specify...

Upvotes

How can I get a $2,000 loan?

Rick Bormin, Personal Loans Moderator

@rhandoo2020

The best way to get a $2,000 loan is to take out a personal loan from TD Bank, Navy Federal Credit Union, or PNC. These lenders offer personal loans of $250 to $50,000, with APRs as low as 6.99%, depending on an applicant's creditworthiness.

How to Get a $2,000 Loan in 6 Steps

Check your credit score.
Check for personal loan pre-qualification to see your approval odds and potential rates.
Compare...

Ask the Experts

To help people learn more about quick personal loans, WalletHub's editors posed the following questions to a panel of experts. You can meet our panelists and read their responses below.

What advice do you have for someone who wants to get a low personal loan rate?
What should people know about the difference between APR and interest rates when they compare personal loans?
Why do you think personal loan rates are lower than that of credit cards on average?

Lei Wedge
Associate Professor, College of Business – University of South Florida
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Nicholas Clarke
Ph.D., Assistant Professor of Finance – University of Alabama in Huntsville
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Ranjan George
Instructor of Finance, Rutgers School of Business–Camden
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Ralph Anzivino
Professor of Law – Marquette University Law School
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Brian Trout
DBA, CPA, CMA, CGMA, Assistant Professor of Accounting & Finance, Millersville University of Pennsylvania
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Jeffrey S. Smith
COLONEL, VA Militia (Lt Col USAF Retired) – General Edwin Cox '20 Institute Professor of Economics and History – Department Head, Economics and Business – Virginia Military Institute
Read More

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* We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Actual terms may vary from the estimates. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.