9 personal loans on the same day | fox business


Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to provide you with the tools and confidence you need to improve your finances. Although we endorse products from our lending partners that compensate us for our services, all opinions are our own.

If you need cash fast, check out these 9 lenders offering same-day personal loans. (Shutterstock)

If you need money fast, you have plenty of options without having to take out a high-interest payday loan.

Some online personal loan lenders can send your loan funds as soon as the same day or the next business day. A get a personal loan the same dayall you need to do is make sure you qualify and apply to get funded quickly.

If you need a same day loan, visit Credible for view your prequalified personal loan rates from multiple lenders, all in one place.

9 personal loans on the same day

The same day personal loans These are loans that a lender can process and finance as soon as the day of approval. Many banks, online lenders, and credit unions offer same-day personal loans.

These nine credible lending partners offer personal loans with same-day or overnight financing:


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

  • Loan amounts: $2,000 to $35,000
  • Minimum Credit Score: 550
  • Time to finance: Next Business Day (if approved before 4:30 pm Central Time on a business day)

Axos Bench

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

  • Loan amount: $10,000 to $50,000
  • Minimum Credit Score: 700
  • Time to finance: next business day

better egg

Best Egg is an online loan marketplace that offers quotes from a large network of secured and unsecured lenders. Their 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


Discover has personal loans with terms ranging from three to seven years and no origination fees. Can block in a competitive interest rate, depending on your credit.

  • Loan amount: $2,500 to $35,000
  • Minimum Credit Score: 660
  • Time to finance: Next business day after acceptance

loan point

LendingPoint uses technology to improve people’s credit experience, despite its credit score. Their loans have repayment terms of two to six years and are available in all states except Nevada and West Virginia.

  • Loan amount: $2,000 to $36,500
  • Minimum Credit Score: 580
  • Time to finance: next business day

light flow

LightStream, the online lending division of Truist Bank, offers personal loans up to $100,000 with repayment terms of two to seven years (12 years for home improvement loans). LightStream also guarantees that you will have the best lending experience or get paid $100 in cash.

  • Loan amount: $5,000 to $100,000
  • Minimum Credit Score: 660
  • Time to finance: same business day

One of the main financial

You can use a personal loan from OneMain Financial for many purposes, including debt consolidation. Repayment terms range from two to five years. Their rates are higher than other lenders, but they also accept lower credit scores.

  • Loan amount: $1,500 to $20,000
  • Minimum Credit Score: None
  • Time to finance: Same day if you visit a local branch

Gets better

Upgrade offers fixed-rate personal loans for refinancing credit card debt, consolidation, home improvements and other major purchases. Repayment terms range from two to six years.

  • Loan amounts: $1,000 to $50,000
  • Minimum Credit Score: 560
  • Time to finance: Within one day of cleaning the necessary checks


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

  • Loan amounts: $1,000 to $50,000
  • Minimum Credit Score: 580
  • Time to finance: one business day

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

How to apply for a loan on the same day

Applying for a loan on the same day 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 stand. Check that all the information in 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 prequalified. Many lenders allow you to get prequalified online by completing 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 loan offers and rates you may qualify for.
  3. Select a loan offer. Review their offers and loan terms to see what best suits your needs. Consider factors such as interest rate, payment term, maximum loan limit, as well as loan usage limitations. If you’re looking for a same-day personal loan, you’ll also want to confirm how soon you can get the funds.
  4. Apply. Once you have selected a loan offer, you will need to 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 your application. You will need to include detailed information about your employment, bank details and other debts. You may need to submit additional documentation to verify your information, such as pay stubs, bank statements, or proof of residency, such as your state ID. The lender will also check your credit with a hard credit pull, which can temporarily lower your score by a few points.
  5. Receive loan funds. If you are approved for a personal loan on the same day, the lender will send you a loan agreement for you to sign. Once you’ve signed, you can receive your loan funds that day or the next business day, depending on the lender, usually by direct deposit into your bank account.

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

Same Day vs. Payday Loans

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

payday loans

Payday loans are small, short-term loans that you usually have to pay off before your 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 manage, and you should avoid them if possible.

The loan amounts for payday loans are small as the payment terms are short. Some states have capped fees and interest rates for payday loans, while others have banned payday loans altogether.

When you apply for a payday loan, you can qualify with a lower credit score and get your funds fast. But you run the risk of not being able to repay the loan due to high fees and interest. Another drawback is that the maximum loan amounts are smaller compared to same day personal loans.

Personal loans on the same day

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

You can also shop around for different lenders to ensure you get the best loan terms for your situation. Even if you have bad creditSeveral lenders specialize in bad credit loans. Your rate will be higher than 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 as soon as the same day, so you’ll still get the money you need quickly with a flexible payment schedule.


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