Quick Cash Loans: 5 Best Lenders for Hassle-Free Cash


Financial emergencies can happen at any time, and when they do, you need to respond quickly. But this can be challenging if you don’t have the funds available in savings. When this happens, taking out a personal loan can be a good way to cover the shortfall.

happy man

You may think that the process of applying and getting approved for a personal loan would be tedious and time-consuming, but it’s not. Many online lenders will provide you with access to the funds within the same day or by the next business day.

5 Lenders That Provide Quick Cash Loans

Listed below are five online lenders that provide quick access to personal loans.

1. Upgrade

Crediful’s rating
Visit Site

Upgrade targets borrowers with fair to good credit who seek flexible loan options. The platform considers various factors, including credit history and income level, with a minimum credit score requirement of 600.

The application process with Upgrade is streamlined, allowing for quick approvals and funding, potentially within a single business day. While Upgrade does charge origination fees, these are typically included in the APR.

Upgrade is particularly beneficial for those looking to consolidate debt or fund significant purchases, offering a co-borrower option to increase approval chances and potentially secure a lower interest rate.

  • Loan amount: $1,000 to $50,000
  • APR range: 8.49% to 35.99% (with autopay)
  • Repayment terms: 2 to 7 years

2. Upstart

Crediful’s rating
Visit Site

Upstart helps borrowers that have strong financial futures but are still in the process of building their credit. The company will consider various factors, including your degree and your job history. You do need to have a credit score of at least 620 to qualify.

The approval and funding process is quick with Upstart, and you could receive the money within one business day. Upstart does charge origination fees and late fees.

  • Loan amount: $1,000 to $50,000
  • APR range: 5.67% to 35.99%
  • Repayment terms: 3 to 5 years

3. Best Egg

Crediful’s rating
Visit Site

Best Egg caters to creditworthy borrowers that are looking for ways to consolidate their debt. You’ll need to have good to excellent credit to qualify, and the company does charge origination and late fees.

Best Egg isn’t the best option for bad credit borrowers. However, those who qualify can receive the funds as soon as the next business day.

  • Loan amount: $2,000 to $35,000
  • APR range: 5.99% to 29.99%
  • Repayment terms: 3 to 5 years

4. Discover Loans

Crediful’s rating
Visit Site

Discover Loans are a great option for borrowers with stellar credit that are looking for a low interest rate and fast funding. You can receive the funds within the next business day, and the company doesn’t charge any origination fees.

However, Discover does put some limitations on what borrowers can do with a personal loan. You can use it for debt consolidation or to fund a large home improvement project. These cash loans are not designed to pay for college expenses or pay down the balance on a Discover credit card.

  • Loan amount: $2,500 to $35,000
  • APR range: 6.99% to 24.99%
  • Repayment terms: 3 to 7 years

5. Lending Club

Crediful’s rating
Visit Site

LendingClub was one of the first peer-to-peer (P2P) lenders and is one of the best lenders for borrowers looking for fast, convenient online cash loans. You’ll apply on Lending Club’s website, and the company will match you with investors that are willing to fund the loan.

If you’re approved for a loan, the funds will be deposited in your bank account within a week. You should expect to pay an origination fee between 1% and 6% of the total loan amount.

LendingClub is ideal for borrowers with good credit history and a low debt-to-income ratio.

  • Loan amount: $1,000 to $40,000
  • APR range: 6.95% to 35.89%
  • Repayment terms: 3 to 5 years

Benefits of Quick Cash Loans

Quick cash loans are a great financing option if you need money fast. Loan approval is often much faster than other types of loans, and the funds can be available in your account quickly.

The benefits of quick cash loans don’t end there. They also offer more flexibility and convenience than other loan options. Fast cash loans are usually unsecured, meaning you don’t need to put up collateral to secure the loan. And with some lenders, you can apply online and get a decision in minutes – making it even easier to get the funds you need without any delays.

Quick cash loans can provide you with the fast financial help needed when time is of the essence. They offer speedy approval timeframes, no collateral needed, and convenient online application processes – helping you access the funds you need in a timely manner.

Different Types of Emergency Loans

When it comes to quick cash loans, there are a few different types to choose from. Payday loans are one of the most popular options, as they provide an easy way to access funds in a pinch. These loans are typically short-term and can be applied for online from lenders who specialize in them. With payday loans, borrowers can receive their money quickly and have it deposited into their account within a matter of hours or days.

Personal loans are another type of emergency loan. They are typically available through credit unions, online lenders, and even banks. These usually require more paperwork and credit checks than payday loans, but they can provide larger sums of money and longer repayment periods.

Online lenders may also offer better interest rates and more flexible repayment plans than traditional banks or other financial institutions. Plus, applying online makes the process easier and faster, allowing borrowers to access funds even quicker than with payday loans.

No matter which type of loan you choose, understanding all your options before taking out a loan is essential to make sure that you’re getting the best deal possible. Comparing emergency loan lenders carefully will help ensure that you get the amount you need with the lowest cost and least hassle possible.

How to Choose the Right Fast Personal Loan Lender

When choosing a lender for fast cash loans, there are several factors to consider:

  • Interest rates: Compare the annual percentage rates (APRs) offered by different lenders to ensure you are getting the best deal. Be sure to factor in any origination fees or other costs associated with the loan, as these can increase the overall APR.
  • Loan terms: Compare the loan terms offered by different lenders, including the length of the loan and any prepayment penalties.
  • Reputation: Research the reputation of the lender by reading customer reviews and checking their Better Business Bureau rating.
  • Eligibility requirements: Make sure you meet the lender’s eligibility requirements, such as minimum credit score or income level, before applying.
  • Speed of funding: Consider how quickly you need the funds and choose a lender that can get you the money in the shortest amount of time.

How to Get a Personal Loan Fast

There are a few steps you can take to increase your chances of getting a personal loan fast:

  1. Check your credit score: Lenders often prioritize borrowers with higher credit scores. Having a good credit score can improve your chances of getting approved and getting a lower interest rate.
  2. Gather all necessary documentation: Have all of your financial and personal information ready to provide to the lender. This may include proof of income, bank statements, and identification.
  3. Shop around: Compare offers from multiple lenders to ensure you are getting the best interest rate and terms.
  4. Choose a lender with a fast application process: Some lenders have online applications that can be completed in just a few minutes, while others may require more detailed in-person or telephone conversations.
  5. Apply: To apply for a personal loan, you can visit a lender in person or apply online. Online lenders can typically provide a decision within a day of submission. If approved, funds can be deposited into your bank account within a few days. Some smaller banks and credit unions may require in-person applications.

Important Factors to Consider Before Taking Out a Quick Cash Loan

Getting quick access to funds can be crucial in times of financial need. However, it’s important to understand that receiving funds on the same day or the next business day is not always guaranteed. Factors such as bank regulations, loan amount, and application timing can impact how quickly you receive the cash loan.

If you’re unsure about your credit scores and ability to qualify for an unsecured loan, a lending marketplace may be a viable option. With a lending marketplace, you can submit an application and be matched with multiple lenders who are willing to work with you. This lets you compare interest rates and terms from various lenders without hurting your credit further.

Be wary of predatory payday lenders that charge exorbitant interest rates. Choosing the wrong lender can have long-term negative effects on your financial situation. If you’re in dire need of funds, consider asking trusted friends or family to loan you the money, or explore alternative ways to earn additional income. Don’t make hasty decisions that can cause more financial stress in the future.

Alternatives to Quick Cash Loans

Emergencies happen, and when you’re in a financial bind, quick cash loans might seem like a quick fix. But it’s important to understand that these loans often come with high interest rates and fees, making them challenging to pay back, and may even lead to further financial difficulties.

Fortunately, there are alternatives to quick cash loans that you can consider. Here are some options:

  • Personal line of credit: This type of credit allows you to borrow money as you need it, up to a set limit. You only pay interest on the amount you borrow, and you can repay it according to your own schedule. Compared to quick cash loans, a personal line of credit is a more flexible and affordable option.
  • Credit card cash advance: Cash advances also come with high interest rates, but it’s a more manageable way to borrow money if you only need a small amount. It’s essential to pay off the balance as soon as possible to avoid accumulating more interest and fees.
  • Seek assistance: Many local nonprofits, charities, and religious organizations offer financial assistance programs to help people in need. You can check with your local community center, church, or other organizations to see if they have any programs available that can help you during a financial crisis. These programs can provide you with financial assistance, counseling, or other resources to help you get back on track.
  • Cash advance app: There are several cash advance apps like Brigit that allow you to borrow a small amount of money from your next paycheck. These apps are typically easy to use, and the approval process is quick. Compare different cash advance apps and read the fine print carefully to ensure that you’re getting the best deal possible.
  • Secured loan: If you own assets like a car or home, you may be able to take out a secured loan using them as collateral. Secured loans typically come with lower interest rates than quick cash loans or credit card cash advances. However, remember that if you default on the loan, you could lose your assets.
  • Negotiate with creditors: Consider reaching out to your creditors or lenders to negotiate a payment plan or extension. Many creditors are willing to work with you to find a mutually beneficial solution. Compared to quick cash loans, this is a more sustainable and less costly option.


If you’re looking for a fast cash advance loan, any of the lenders on this list will make an excellent choice. The application process is fast, and if you’re approved, you can receive the funds with the same day or by the next business day.

Make sure you understand the terms and conditions of that loan before agreeing to anything. And start taking steps to save an emergency fund so you won’t find yourself in this situation again.

Jamie Johnson
Meet the author

Jamie Johnson is a freelance writer who has been featured in publications like InvestorPlace and GOBankingRates. She writes about various personal finance topics including student loans, credit cards, investing, building credit, and more.