6 Best Quick Loans [April 2024] (2024)

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To get a loan immediately, apply online for a personal loan from a lender known for quick approval and funding, such as LightStream, which funds loans as soon as the same day. Alternatively, you could get a payday loan, a pawn shop loan, an auto title loan, or a loan from a friend or family member. Each option has its own strengths and weaknesses.

Places To Get a Loan Immediately

1. Personal loan providers

   Some personal loan providers can fund your loan as soon as the same day, but this is unusual. It typically takes around a week to get a personal loan, with a few business days for approval and a few more for delivery of the funds.

2. Payday lenders

   Most places advertising "instant" loans are payday lenders, which lend small amounts of money against your next paycheck. Borrowing from payday lenders is absolutely not worth it. You'll have just 2 - 4 weeks to pay back the loan (when your next paycheck comes in), and the fees are often equal to an APR of 400% or more.

3. Auto title lenders

   See Also

   Refused Loan or Refused Credit – What Can You Do?What Are Hardship Personal Loans?8 reasons why people with good credit can get deniedHow to Get a Personal Loan Without a Credit Check

   You can get instant cash from these lenders by securing a loan with the rights to your car, but if you can't pay the loan back, the lender can repossess your car. Typically, auto title loans only last for up to a month and can cost you up to a quarter of what you borrow.

4. Pawns shops

   If you bring valuables into a pawn shop, they will offer you a fraction of the value in return, around 20% - 60%. The good news is that you can get your item back if you repay that money, along with interest, in a set number of months. The bad news is that interest is 2% to 25% per month, and the shop can sell your item if you don't pay in full.

5. Borrowing from friends or family

   People with whom you have a trusting relationship may lend you cash on short notice. However, while you may be able to get money from them instantly, it's smart to take the time to write up and sign a contract before any cash changes hands.

Other Ways to Borrow Instantly

• Credit cards

  Credit cards offer funds quickly, and may have an introductory 0% APR period. If you're looking to finance a large purchase, you should take advantage of this period.

• Home equity lines of credit

  Home equity lines of credit let you borrow up to a certain amount on-demand. That amount is based on your home's equity, and you will have to use your home as collateral.

Ultimately, there is a limited selection of instant and same-day loans. The most common "instant" loans may not be worth it due to the small loan amounts, large fees and short payoff periods. Additionally, there is no guarantee that you'll get a loan instantly. You may have to wait a day or two to receive your funds.

If you're interested in applying for a personal loan, it's smart to pre-qualify first to see which lenders may approve you and what rates may be available to you. You can pre-qualify for free on WalletHub.

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To get a loan quickly, apply online with a personal loan provider that is known for fast approval and funding times, such as LightStream. Applying online will ensure the fastest possible application processing time, assuming that all information on the application is accurate and entered correctly. You could get your loan funded within 2-3 business days, if not the same day.

Secured personal loans also tend to provide quick decisions, as the collateral they require...

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The easiest loans to get approved are loans that don't require a credit check such as payday loans, pawnshop loans, car title loans, and personal loans with no credit check. These types of loans offer quick funding and have minimal requirements, so they're easy to get even for people with bad credit.

Below, you can compare some of the easiest personal loans to get approved for right now.

Easy Personal Loans to Get Approved For

• Best...

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You can get a $2,000 loan from lenders such as Citibank, Avant, Best Egg, and Prosper. The best place to get a $2,000 loan is Citibank because Citi offers personal loans of $2,000 to $50,000 and never charges an origination fee. Most big lenders that don't charge origination fees have loan minimums above $2,000.

If you'd like to see what $2,000 loan options you might qualify for, use WalletHub's free pre-qualification tool. You can specify...

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The best way to get a $2,000 loan is to take out a personal loan from TD Bank, Navy Federal Credit Union, or PNC. These lenders offer personal loans of $250 to $50,000, with APRs as low as 6.99%, depending on an applicant's creditworthiness.

How to Get a $2,000 Loan in 6 Steps

1. Check your credit score.
2. Check for personal loan pre-qualification to see your approval odds and potential rates.
3. Compare...

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