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9 Same Day Personal Loans | fox business

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own.

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

If you need cash fast, you have plenty of options without taking out a high-interest payday loan.

Some online personal lenders can send your loan funds the same or next business day. To get a personal loan the same dayall you have to do is make sure you qualify and submit an application to get funding fast.

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

9 Same Day Personal Loans

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

These nine Credible partner lenders offer personal loans with same-day or next-day 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
  • Funding time: Next business day (if approved before 4:30 p.m. central time on a weekday)

Axos Bank

Axos Bank offers personal loans with repayment terms of three to six years and some of the best rates in the industry for borrowers with excellent credit.

  • Amount of the loan: $10,000 to $50,000
  • Minimum credit score: 700
  • Funding time: Next business day

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.

  • Amount of the loan: $2,000 to $50,000
  • Minimum credit score: 600
  • Funding time: 1-3 working days after successful verification


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

  • Amount of the loan: $2,500 to $35,000
  • Minimum credit score: 660
  • Funding time: Business day following acceptance


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

  • Amount of the loan: $2,000 to $36,500
  • Minimum credit score: 580
  • Funding time: Next business day


LightStream, the online lending division of Truist Bank, offers personal loans of 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 loan experience or they will pay you $100 cash.

  • Amount of the loan: $5,000 to $100,000
  • Minimum credit score: 660
  • Funding time: Same business day

OneMain Financial

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

  • Amount of the loan: $1,500 to $20,000
  • Minimum credit score: None
  • Funding time: Same day if you go to a local branch


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

  • Loan amounts: $1,000 to $50,000
  • Minimum credit score: 560
  • Funding time: Within one day after completing the necessary checks


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

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

Head to Credible for 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 stand. Verify that all information on your credit report is accurate and ensure that all of your accounts have up-to-date balances. Depending on where you check your credit score, you may even receive advice on how to raise your score.
  2. Get prequalified. Many lenders allow you to prequalify online by completing a short form that takes less than five minutes. This saves time during the application process and also allows you to view loan offers and rates you may qualify for.
  3. Select a loan offer. Review your loan offers and terms to see what best suits your needs. Consider factors such as the interest rate, repayment term, maximum borrowing 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 need to confirm how soon you will be able to obtain the funds.
  4. Apply. Once you have selected a loan offer, you submit a formal application. Some lenders allow you to apply entirely online, while others may require you to visit 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 documents to verify your information, such as pay stubs, bank statements, or proof of residency like your ID card. The lender will also check your credit with a firm credit application, which may 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 to sign. Once you sign up, you can receive your loan funds that day or the next business day depending on the lender, usually by direct deposit to your bank account.

If you’re ready to apply for a loan, Credible makes it quick and easy compare personal loan rates so you can find the one that best suits your needs.

Same Day Loans vs Payday Loans

Although both types of loans offer quick funding, 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) as high as 400%, according to the Consumer Financial Protection Bureau. This makes them very expensive to manage and you should avoid them if possible.

The payday loan amounts are low since the repayment terms are short. Some states have capped fees and interest rates for payday loans, while others have completely banned this type of loan.

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 afford to repay the loan given the high fees and interest. Another downside 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 ensure you get the best loan terms for your situation. Even if you have bad creditMany lenders specialize in bad 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 fast as the same day, so you’ll always get the money you need fast with a flexible repayment schedule.