9 same-day personal loans | Fox business

Our goal here at Credible Operations, Inc., NMLS number 1681276, hereafter referred to as “Credible”, is to give you the tools and security you need to improve your finances. While we promote the products of our partner lenders who compensate us for our services, all opinions are ours.

If you need money fast, check out these 9 lenders that offer same day personal loans. (Shutterstock)

If you need fast cash, you have many options without taking out a high interest paycheck advance loan.

Some online personal loan lenders may send the loan funds as soon as the same day or the next business day. For get a same-day personal loanall you need to do is make sure you are eligible and submit an application to get funding quickly.

If you need a same day loan, visit Credible at see prequalified personal loan rates from various lenders, all in one place.

9 same-day personal loans

Same day personal loans they are loans that a lender can process and finance as soon as you are approved on the same day. Many banks, online lenders, and credit unions offer same-day personal loans.

These nine credible partner lenders offer same-day or next-day financing personal loans:


Avant offers debt consolidation, installment, emergency and home improvement loans with repayment terms of two to five years.

  • Loan amounts: From $ 2,000 to $ 35,000
  • Minimum credit score: 550
  • Time to finance: Next business day (if approved by 4:30 pm Central Time on a weekday)

Ace bank

Axos Bank offers personal loans with repayment terms of three to six years and industry-leading rates for borrowers with excellent credit.

  • Loan amount: From $ 10,000 to $ 50,000
  • Minimum credit score: 700
  • Time to finance: The next business day

The best egg

Best Egg is an online loan marketplace that provides quotes from a large network of secured and unsecured lenders. Its loans have repayment terms of two to five years.

  • Loan amount: $ 2,000 to $ 50,000
  • Minimum credit score: 600
  • Time to finance: 1-3 business days after successful verification

To discover

Discover offers personal loans with a maturity of three to seven years and with no origination fees. You can block a competition interest rate, depending on your credit.

  • Loan amount: From $ 2,500 to $ 35,000
  • Minimum credit score: 660
  • Time to finance: Business day following acceptance

Loan point

LendingPoint uses technology to improve the lending experience for people despite theirs credit score. Its loans have repayment terms of two to six years and are available in every state except Nevada and West Virginia.

  • Loan amount: $ 2,000 to $ 36,500
  • Minimum credit score: 580
  • Time to finance: The next business day


LightStream, Truist Bank’s online lending division, provides personal loans of up to $ 100,000 with repayment terms of two to seven years (12 years for home equity loans). LightStream also guarantees you the best loan experience or they will pay you $ 100 in cash.

  • Loan amount: From $ 5,000 to $ 100,000
  • Minimum credit score: 660
  • Time to finance: Same working day

Financial OneMain

You can use a OneMain Financial personal loan for many purposes, including debt consolidation. The repayment terms vary from two to five years. Its rates are higher than those of other lenders, but it also accepts lower credit scores.

  • Loan amount: $ 1,500 to $ 20,000
  • Minimum credit score: Nobody
  • Time to finance: Same day if you visit a local branch


Upgrade offers fixed rate personal loans for refinancing credit card debt, consolidation, home improvements and other large purchases. The repayment terms vary from two to six years.

  • Loan amounts: $ 1,000 to $ 50,000
  • Minimum credit score: 560
  • Time to finance: Within one day of clearing the necessary checks


Upstart has flexible personal loan amounts with no prepayment fees and terms ranging from three to five years. The lender claims 99% of approved loan applications are funded within the next business day.

  • Loan amounts: $ 1,000 to $ 50,000
  • Minimum credit score: 580
  • Time to finance: One business day

Go to Credible a compare personal loan rates from these and other lenders, without affecting your credit score.

How to apply for a same-day loan

Applying for a same-day loan is now easier than ever. Follow these steps to apply for a same-day loan:

  1. Check your credit score. Start by checking your credit score to see where you are. Check that all information on your credit report is accurate and make sure all your accounts have up-to-date balances. Depending on where you check your credit score, you may even get tips on how to increase your score.
  2. Get pre-qualified. Many lenders allow you to pre-qualify online by filling out a short form that takes less than five minutes. This saves time during the application process and also allows you to take a look at the loan offers and rates you may qualify for.
  3. Select a loan offer. Review your loan offers and terms to see what fits your needs best. Consider factors such as the interest rate, the repayment term, the maximum loan limit, as well as any limitations on the use of the loan. If you are looking for a same-day personal loan, you will also want to confirm when you can get the funds.
  4. To apply. After selecting a loan offer, you will submit a formal application. Some lenders allow you to apply completely online, while others may require you to go to a local branch to complete the application. You will need to include detailed information about your employment, bank details and other debts. You may need to present additional documentation to verify your information, such as pay slips, bank statements, or proof of residency such as your state ID. The lender will also check your credit with a physical credit reminder, which can temporarily lower your score by a few points.
  5. Receive loan funds. If you are approved for a same day personal loan, the lender will send you a loan agreement for you to sign. After signing up, you can receive the loan funds that day or the next business day depending on the lender, typically via direct deposit to your bank account.

If you are ready to apply for a loan, Credible allows you to quickly and easily compare personal loan rates so that you can find the one that best suits your needs.

Same-day loans vs. loans with advance on salary

Although both types of loans offer fast financing, same-day loans are very different from paycheck loans.

Loans with advance on salary

Paycheck loans are small, short-term loans that you usually have to repay within the next payday. These loans tend to have higher fees and interest rates that can equate to an annual percentage rate (APR) of up to 400%, according to the Consumer Financial Protection Bureau. This makes them very expensive to run and you should avoid them if possible.

The loan amounts for payday loans are small since the repayment terms are short. Some states have limited the fees and interest rates for paycheck loans, while others have banned this type of loan altogether.

When you apply for a paycheck loan, you may qualify with a lower credit score and get your funds quickly. But there is the risk of not being able to afford to repay the loan given the high fees and interest. Another drawback is that the maximum loan amounts are lower than same-day personal loans.

Same-day personal loans

Same-day personal loans have higher loan amounts, lower interest rates, and more flexible repayment schedules.

You can also shop around with different lenders to make sure you get the best loan terms for your situation. Even if you have it bad credit, several lenders specialize in bad debt loans. Your rate will be higher than that of someone with good credit, but it will still be much lower than the rate you would get on a payday loan.

Reputable online lenders can release your funds on the same day, so you’ll still get the money you need quickly with a flexible repayment schedule.

About Tina G.

Check Also

Payday Loans vs Installment Loans: Which is Better?

If you need money quickly, you can turn to loans. You can get a variety …