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9 personal loans in the same day | Fox business

Our goal here at Credible Operations, Inc., NMLS number 1681276, hereinafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote products from our partner lenders that reward us for our services, all opinions are our own.

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

If you need quick money, you have many options without taking out a high-interest payday loan.

Some online personal loan lenders can send your loan funds same day or next business day. to Get a same day personal loanall you have to do is make sure you qualify and apply to get funding fast.

If you need a same-day loan, visit Credible View your prequalified personal loan rates from different lenders, all in one place.

9 personal loans in the same day

Same day personal loans are loans that a lender can process and fund once approved on the same day. Many banks, online lenders, and credit unions offer same-day personal loans.

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


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

  • Loan Amounts: $2,000 to $35,000
  • Minimum creditworthiness: 550
  • Time to fund: Next Business Day (if approved by 4:30 p.m. Central Time on a weekday)

Axos bench

Axos Bank offers personal loans with repayment periods of three to six years and best-in-class interest rates for borrowers with excellent credit ratings.

  • Loan Amount: $10,000 to $50,000
  • Minimum creditworthiness: 700
  • Time to fund: Next working day

best egg

Best Egg is an online loan marketplace offering deals from a large network of secured and unsecured lenders. The loans have terms of two to five years.

  • Loan Amount: $2,000 to $50,000
  • Minimum creditworthiness: 600
  • Time to fund: 1-3 business days after successful verification


Discover has personal loans with terms ranging from three to seven years and no processing fees. You can complete a competition interest rate, depending on your credit rating.

  • Loan Amount: $2,500 to $35,000
  • Minimum creditworthiness: 660
  • Time to fund: The next working day after acceptance


LendingPoint uses technology to improve the lending experience for people, despite their credit-worthiness. The loans have repayment periods of two to six years and are available in all states except Nevada and West Virginia.

  • Loan Amount: $2,000 to $36,500
  • Minimum creditworthiness: 580
  • Time to fund: Next working day

Luminous flux

LightStream, Truist Bank’s online lending division, offers personal loans of up to $100,000 with repayment periods of two to seven years (12 years for home loans). LightStream also guarantees you’ll have the best credit experience, or they’ll pay you $100 in cash.

  • Loan Amount: $5,000 to $100,000
  • Minimum creditworthiness: 660
  • Time to fund: Same workday

One Main Financial

You can use a OneMain Financial personal loan for many purposes, including debt consolidation. The terms are between two and five years. Its interest rates are higher than other lenders, but it also accepts lower credit scores.

  • Loan Amount: $1,500 to $20,000
  • Minimum creditworthiness: none
  • Time to fund: Same day when you visit a local branch


Upgrade offers fixed rate personal loans for refinancing credit card debt, consolidation, home improvement and other large purchases. The terms are between two and six years.

  • Loan Amounts: $1,000 to $50,000
  • Minimum creditworthiness: 560
  • Time to fund: Within 1 day of approval of required reviews


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

  • Loan Amounts: $1,000 to $50,000
  • Minimum creditworthiness: 580
  • Time to fund: A business day

Go to Credible Compare personal loan rates from these and other lenders without hurting your credit score.

How to apply for a loan same day

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. First, check your credit score to see where you stand. Check that all of the information on your credit report is correct and make sure all of your accounts have updated balances. Depending on where you check your credit, you might even get tips on how to improve your credit score.
  2. be prequalified. Many lenders allow you to prequalify online by filling out a short form that takes less than five minutes. This saves time during the application process and also lets you take a look at loan offers and interest rates that you might qualify for.
  3. Select a loan offer. Review your loan offers and terms to see what best suits your needs. Consider factors such as interest rate, repayment period, maximum credit limit, and any restrictions on the use of credit. If you are looking for a same day personal loan, you should also confirm how quickly you can get the money.
  4. Apply. Once you have selected a loan offer, submit a formal application. Some lenders allow you to apply entirely online, while others may require you to come to a local branch to complete your application. You must provide detailed information about your employment, bank details, and other debts. You may need to submit additional documentation to verify your information, e.g. B. Salary slips, bank statements or proof of residence such as your identity card. The lender will also check your credit with a hard credit deduction, which may temporarily lower your score by a few points.
  5. receive credit funds. If you are approved for a same-day personal loan, the lender will send you a loan agreement to sign. Once you have signed, you can receive your loan that day or the next business day depending on the lender, usually by direct deposit into your bank account.

When you’re ready to apply for a loan, Credible will help you quickly and easily Compare personal loan rates so you can find one that best suits your needs.

Same day loans vs payday loans

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

payday loan

Payday loans are small, short-term loans that you usually have to pay back by your next payday. These loans typically have higher fees and interest rates, which can be as high as 400% APR, 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 because the repayment periods are short. Some states have capped fees and interest rates on payday loans, while others have banned this type of lending altogether.

If you apply for a payday loan, you may qualify with a lower credit score and get your money fast. But you run the risk of not being able to repay the loan given the high fees and interest. Another disadvantage is that the maximum loan amounts are lower compared to same-day personal loans.

Same day personal loans

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

You can also check out different lenders to ensure you get the best loan terms for your situation. Even if you have bad credit, several lenders specialize in bad credit loans. Your interest rate will be higher than someone with good credit, but still much lower than the interest rate you would get on a payday loan.

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

Richard Dement

The author Richard Dement