Same Day Personal Loans 2025
Fehmida Tantray
Shivanand Pandey
Sonali Jadhav
What to know first: Same-day personal loans provide quick financial relief, offering fast approvals and instant fund transfers. Lenders assess credit scores, income, and eligibility before approval. Comparing Same Day Loan Rates is essential to find the best deal. These loans help cover urgent expenses efficiently and securely.
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Making immediate financial arrangements might be essential when unexpected expenses occur. Borrowers may obtain funds in a matter of hours as opposed to days with same-day personal loans, which offer quick financial assistance. There are several different types of these loans, such as personal loans, Buy Now, Pay Later (BNPL) purchases, cash app advances, and credit card cash advances.
Personal loans are the most beneficial alternative among these for same-day borrowing. Personal loans include higher loan amounts, lower interest rates, and more flexible repayment schedules than short-term cash advances, which have harsh payback conditions and expensive penalties. In order to manage their finances without having to deal with severe debt, borrowers can now spread out their payments across months or even years.
What Are Same-Day Loans?
A quick loan is a type of personal loan designed for fast access to cash, generally funding within 24 to 48 hours. Some lenders even offer same-day deposits if approved early in the day. These loans are unsecured, meaning no collateral is required, and they come with fixed monthly payments for easier budgeting. However, interest rates can be higher, especially for those with bad credit, and some lenders charge origination fees that reduce the loan amount received.
Pros & Cons of Same-Day Personal Loans
| Pros | Cons | |||
|---|---|---|---|---|
| Fast cash for emergencies – Funds available in as little as 24 hours | Higher APRs for bad credit – Interest rates can be expensive | |||
| No collateral required – Unsecured loan with no risk to assets | Origination fees – Can be as high as 10% of loan amount | |||
| Fixed payments – Predictable monthly installments for easier budgeting | Hard credit check – May temporarily lower your credit score |
| Lender | APR Range | Loan Terms | Credit Needed | Funding Speed |
|---|---|---|---|---|
| LightStream | 6.94% – 25.29% | 24-240 months | Good | Same day |
| SoFi | 8.99% – 29.49% | 24-84 months | Good to excellent | Same day |
| PenFed | 8.99% – 17.99% | 12-60 months | Good/Excellent | Next day |
| Avant | 9.95% – 35.99% | 24-60 months | Poor/Fair | Next day |
| OneMain Financial | 18.00% – 35.99% | 24-60 months | Poor/Fair | Same day |
| Prosper | 8.99% – 35.99% | 24-60 months | 640+ | Next day |
| Citi | 11.49% – 20.49% | Up to 60 months | Not disclosed | Same day (for existing customers) |
| Rocket Loans | 8.99% – 29.99% | 36 or 60 months | Not disclosed | Same day |
| Upstart | 7.40% – 35.99% | 36-60 months | 300+ | Next day |
9 Best Same-Day Personal Loan Of 2025
We’ve analyzed 9 best same-day personal loan lenders based on APR ranges, funding speed, fees, and borrower requirements to help you find the best option for your situation. Below you’ll find the list:
Best for No Credit History: Upstart Personal Loans
What is an Upstart Personal Loan?
Upstart operates as a digital lending platform that focuses on personal loans and auto refinancing. The company reports that nearly all approved borrowers (99%) get their funds within one business day after approval. Money can arrive even faster – potentially the same day for many applicants if all requirements are met quickly. This rapid processing makes Upstart a strong option when you need quick access to cash.
Why Upstart?
Upstart is best for borrowers with limited or no credit history. They use alternative data (like education and job history) to approve loans, making them accessible even if you don’t have a strong credit score.
Main Features
- APR: 7.80% – 35.99%
- Loan Amounts: $1,000−$50,000
- Terms: 36 or 60 months
- Funding Speed: Next business day (99% of loans)
- Credit Score Needed: 300+ (or no credit history)
| Pros of Upstart Personal Loans | Cons of Upstart Personal Loans |
|---|---|
| No early payoff penalties | Origination fee (0%-12% of loan) |
| Next-day funding (often same-day) | Steep late fees (5% of payment) |
| Accepts thin/no credit files | High maximum APR (35.99%) |
| Simple online application | No co-signer option |
| No prepayment penalties | Limited phone support |
- The 12% origination fee only applies to highest-risk borrowers
- Late fee = 5% of payment or $15 (whichever is greater)
- While APRs go up to 35.99%, better-qualified borrowers get rates starting at 7.8%
Best For: Borrowers with no credit or bad credit who need quick cash.
Best for Lower Credit Scores: Avant Personal Loans
What is an Avant Personal Loan?
Avant Personal Loans are unsecured loans offered by Avant, LLC, a U.S.-based financial technology company. Avant provides personal loans to individuals with fair to good credit scores, making it a popular option for those who might not qualify for traditional bank loans.
Why Avant?
Avant specializes in loans for fair or poor credit (scores as low as 580). While rates are higher, approval is easier than with traditional lenders.
Main Features
- APR: 9.95% – 35.99%
- Loan Amounts: $2,000−$35,000
- Terms: 24-60 months
- Funding Speed: Next business day
- Credit Score Needed: 580+
| Pros of Avant Personal Loans | Cons of Avant Personal Loans |
|---|---|
| Soft credit check for prequalification | High APRs (up to 35.99% for bad credit) |
| Next-business-day funding | No autopay interest rate discount |
| No prepayment penalties | Administration fee up to 9.99% |
| Accepts fair/poor credit (580+ score) | No direct creditor payments (for debt consolidation) |
| 10-day late payment grace period | Lower max loan amount ($35k) vs competitors |
- The soft check only applies to initial rate estimates – final approval requires a hard pull
- “Next-day” funding requires completing all steps by 4:30 PM CT on weekdays
- While APRs are high, they’re normally lower than credit cards for similar borrowers
- Administration fee is deducted from loan proceeds
Best For: Borrowers with low credit scores needing fast approval.
Best for Flexible Terms: OneMain Financial
What are OneMain Financial Personal Loans?
OneMain Financial is a U.S.-based consumer finance company that focuses on providing personal loans to individuals, especially those with poor or fair credit (below 670) who may struggle to qualify for traditional bank loans.
Why OneMain?
OneMain offers secured and unsecured loans, making it flexible for borrowers who need options.
Main Features
- APR: 18.00% – 35.99%
- Loan Amounts: $1,500−$20,000
- Terms: 24-60 months
- Funding Speed: Same day (with proper paperwork)
- Credit Score Needed: Poor/Fair
| Pros of OneMain Financial | Cons of OneMain Financial |
|---|---|
| Secured loan options (lower rates with collateral) | High origination fees (1%–10% or $25–$500) |
| Same-day funding possible (with early approval) | Higher interest rates (18%–35.99% APR) |
| Co-applicants allowed (may improve approval odds) | No autopay discount (unlike competitors) |
| Small loan amounts available ($1,500–$20,000) | Limited availability (requires branch visit in some cases) |
| Flexible repayment terms (24–60 months) | Late fees ($15–$30, depending on state) |
- Secured loans require collateral (e.g., car title), but rates may be lower.
- Same-day personal loan depends on approval timing and bank processing.
- Origination fees vary by state—some charge a flat fee, others a percentage.
- Best for borrowers with poor to fair credit who need quick cash but can’t qualify elsewhere.
Best For: Borrowers who need flexible repayment options or collateral-backed loans.
Best for No Origination Fee: LightStream
What is a LightStream Personal Loan?
LightStream is an online lending division of Truist Bank, offering low-interest, unsecured personal loans to borrowers with good to excellent credit (660+ FICO score). It is known for its competitive rates, and a unique Rate Beat Program.
Why LightStream?
LightStream has no fees– no origination, no late fees, no prepayment penalties. Plus, same-day funding is available.
Main Features
- APR: 6.94% – 25.29%
- Loan Amounts: $5,000−$100,000
- Terms: 24-240 months
- Funding Speed: Same day (if approved by 2:30 PM ET)
- Credit Score Needed: Good to excellent
| LightStream Advantages | LightStream Disadvantages |
|---|---|
| No fees whatsoever – $0 origination, prepayment, or late fees | Excellent credit required (720+ typically needed for best rates) |
| Industry-low rates (6.94%-25.29% APR with AutoPay) | No prequalification – hard credit pull required to check rates |
| Same-day funding (if approved by 2:30 PM ET) | No co-signers allowed – must qualify on your own |
| High loan amounts ($5,000 – $100,000) | Limited loan purposes – no business or student loans |
| Long repayment terms (up to 12 years) | No mobile app – online account management only |
- AutoPay discount – 0.50% rate reduction
- Same-day funding via ACH or wire transfer
- Rate Beat Program – beats competitor rates by 0.10%
Best For: Borrowers with good credit who want a low-cost loan.
Best for Higher Loan Amounts: SoFi
What is a SoFi Personal Loan?
SoFi (Social Finance, Inc.) is an online financial services company offering personal loans, student loan refinancing, mortgages, investing, and banking services. It’s known for its low-interest rates, no fees, and member perks like career coaching and financial planning.
Why SoFi?
SoFi offers loans up to $100,000, making it great for large expenses like home renovations.
Main Features
- APR: 8.99% – 29.49%
- Loan Amounts: $5,000−$100,000
- Terms: 24-84 months
- Funding Speed: Same day (if signed by 7 PM ET)
- Credit Score Needed: Good to excellent
| Pros of SoFi Personal Loans | Cons of SoFi Personal Loans |
|---|---|
| High loan limits – Borrow up to $100,000 | Strict income requirements – Must meet SoFi’s earning criteria |
| Unemployment protection – Pause payments if you lose your job | No co-signers – Only individual and joint applications allowed |
| No fees – $0 origination, prepayment, or late fees | – |
- Soft credit check – Prequalify without affecting your credit score
- Same-day funding – Available for some borrowers
- Flexible repayment terms – Choose from 2 to 7 years
Best For: High-income borrowers needing large loans fast.
Best for Small Loans: PenFed
What is a PenFed Personal Loan?
PenFed Personal Loans are unsecured personal loans offered by Pentagon Federal Credit Union (PenFed), available to both members and non-members. These loans are ideal for debt consolidation, home improvement, medical expenses, and other personal needs.
Why PenFed?
PenFed offers loans as low as $600, perfect for minor emergencies.
Main Features
- APR: 8.99% – 17.99%
- Loan Amounts: $600−$50,000
- Terms: 1-5 years
- Funding Speed: Next day (with expedited shipping)
- Credit Score Needed: Good/Excellent
| Pros of PenFed Personal Loans | Cons of PenFed Personal Loans |
|---|---|
| Small loan amounts available – Borrow as little as $600 | Must be a member – Membership required (easy to join) |
| Credit union rates – Lower APRs compared to traditional banks | Funds come as a check – No direct deposit option |
| Co-borrowers allowed – Apply with a co-borrower for better terms | – |
- Soft credit check – Prequalify without impacting your credit score
- Loan amounts up to $50,000 – Flexible borrowing options
- No origination or prepayment fees – Keep costs low
Best For: Borrowers who need small, quick loans.
Best for Co-Borrowers: Prosper
What is a Prosper Personal Loan?
Prosper Personal Loans are peer-to-peer (P2P) loans that connect borrowers with investors, offering fixed-rate personal loans for various needs like debt consolidation, home improvement, medical expenses, and more.
Why Prosper?
Prosper allows joint applications, helping borrowers with weaker credit qualify.
Main Features
- APR: 8.99% – 35.99%
- Loan Amounts: $2,000−$50,000
- Terms: 24-60 months
- Funding Speed: Next day
- Credit Score Needed: 640+
| Pros of Prosper Personal Loans | Cons of Prosper Personal Loans |
|---|---|
| Co-borrowers accepted – Apply with a co-borrower to improve approval chances | Origination fee – Charged between 1% to 9.99% of loan amount |
| Rate check without hard pull – Prequalify without impacting credit score | High late fees – Additional costs if payments are missed |
| Flexible repayment dates – Choose a due date that fits your budget | – |
- Loan amounts from $2,000 to $50,000 – Suitable for various needs
- Repayment terms from 2 to 5 years – Flexible options available
- Fast funding loans– Receive funds as soon as the next day
Best For: Borrowers who want to apply with a co-signer.
Best for Existing Customers: Citi Personal Loan
What is a Citi Personal Loan?
Citi Personal Loans are unsecured personal loans offered by Citibank, designed for various financial needs like debt consolidation, home improvements, medical bills, and more. These loans are available only to existing Citi customers with eligible accounts.
Why Citi?
Citi offers same-day funding for existing bank customers.
Main Features
- APR: 11.49% – 20.49%
- Loan Amounts: $2,000−$30,000
- Terms: Up to 60 months
- Funding Speed: Same day (for Citi customers)
- Credit Score Needed: Not disclosed
| Pros of Citi Personal Loans | Cons of Citi Personal Loans |
|---|---|
| No fees – No origination, prepayment, or late fees | No co-applicants – Only individual applications allowed |
| Autopay discount (0.5%) – Lower interest rate with automatic payments | Not available in all states – Limited geographic availability |
| Fast funding for existing clients – Funds may be available within one business day | – |
- Loan amounts from $2,000 to $30,000 – Select customers may qualify for up to $50,000
- Repayment terms from 1 to 5 years – Choose a plan that fits your budget
- Soft credit check for prequalification – Check rates without affecting credit score
Best For: Current Citi customers needing quick cash.
Best for No Prepayment Penalty: Rocket Loans
What are Rocket Loans?
Rocket Loans is an online personal loan provider backed by Rocket Mortgage, offering fast and flexible unsecured personal loans for various needs like debt consolidation, home improvements, medical expenses, and more.
Why Rocket Loans?
Rocket Loans has no prepayment penalties, so you can pay off your loan early without fees.
Main Features
- APR: 8.99% – 29.99%
- Loan Amounts: $2,000−$45,000
- Terms: 36 or 60 months
- Funding Speed: Same day
- Credit Score Needed: Not disclosed
| Pros of Rocket Loans | Cons of Rocket Loans |
|---|---|
| No prepayment penalty – Pay off the loan early without extra fees | High origination fee – Can be up to 9% of loan amount |
| Same-day funding – Funds available if approved before 1 PM ET | Late fees – A $15 charge for missed payments |
| Autopay discount – Get a 0.30% interest rate reduction with automatic payments | – |
- Loan amounts from $2,000 to $45,000 – Flexible borrowing options
- Repayment terms of 3 or 5 years – Choose a plan that fits your budget
- Soft credit check for prequalification – Check rates without affecting credit score
Best For: Borrowers who want to pay off loans early.
Are Same-Day Loans And Payday Loans The Same?
No, same-day loans and payday loans are not the same; they differ in structure, repayment terms, loan amounts, and associated costs.
Comparison of Same-Day Loans vs. Payday Loans
| Feature | Same-Day Loans | Payday Loans |
|---|---|---|
| Loan Structure | Includes personal or installment loans with fixed terms | Short-term, single-payment loans |
| Approval Time | Same-day approval and disbursement | Same-day funding available |
| Loan Amount | Varies, often up to $50,000 | Typically $500 or less |
| Repayment Term | Months to years | Due on next payday (2–4 weeks) |
| Interest Rates | Lower, especially for good credit | Extremely high (APRs over 400%) |
| Lender Type | Banks, credit unions, online lenders | Payday lenders and storefronts |
| Cost | More affordable with structured payments | High fees, risk of debt cycles |
Are Same-Day Loans Better Than Using A Credit Card?
Your financial situation and borrowing requirements will decide if a same-day loan is preferable to utilizing a credit card. Before picking, it is necessary to assess the benefits and downsides of each solution.
Same-day loans are beneficial if you need a larger sum of money with a fixed repayment schedule. They often come with lower interest rates than credit cards, especially for borrowers with good credit. Moreover, personal loans provide structured monthly payments, making budgeting easier.
On the flip side, credit cards offer flexibility for smaller expenses and revolving credit. If you can pay off your balance quickly, you might avoid interest charges altogether. Many credit cards also provide rewards, cashback, and additional perks that loans don’t offer.
However, if you plan to carry a balance for a long time, credit card interest rates can be significantly higher than personal loan rates. This could make a same-day loan a more affordable option in the long run.
Can You Get A Same-Day Loan Without A Credit Check?
Yes, it is possible to get a same-day loan without a credit check, but options are limited and often come with higher costs. Some lenders, such as payday lenders and pawnshops, do not require a credit check but may charge extremely high interest rates or require collateral. Cash advance apps also offer small, short-term loans based on your income rather than your credit history.
As no-credit-check loans provide quick access to cash, they often come with high fees and short repayment terms. This can make them expensive and risky, especially if you struggle to repay on time. However, if you need a same-day loan but want to avoid a credit check, consider alternatives like borrowing from family or friends, using a secured loan, or looking for lenders that assess other financial factors, such as income and employment history.
Can You Get A Same-Day Loan For Bad Credit?
Yes, you can get a same-day loan even if you have bad credit, but options may be limited, and costs can be high.
Some lenders are skilled in offering personal loans to borrowers with poor credit. These loans may come with higher interest rates and stricter terms, but they can still provide quick funding. Payday loans and pawnshop loans are also available for bad credit borrowers, but they often have extremely high fees and short repayment periods, making them a risky option.
A better alternative is to look for lenders that consider factors beyond credit scores, such as income and employment history. Some online lenders and credit unions offer personal loans to borrowers with lower credit scores at more reasonable rates.
Conclusion
Same-day personal loans provide a quick financial solution for emergencies, debt consolidation, or time-sensitive expenses. The best lenders, like LightStream, SoFi, and Upstart, offer competitive rates, fast funding, and flexible terms depending on your credit profile. These loans are convenient, but compare APRs, fees, and eligibility to avoid high costs, especially if you have bad credit. Always borrow responsibly and make sure timely repayments to maintain good credit. For urgent cash needs, a same-day personal loan can be a smart choice, but look for alternatives if possible. Pick the right lender based on your financial situation and funding speed requirements.
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FAQ’s
FAQs About Same-Day Personal Loans
What is the fastest way to get a same day personal loan?
Online lenders like LightStream, SoFi, and Rocket Loans offer same-day funding if approved early. Some banks and credit unions also provide fast funding, but eligibility varies. Direct deposit speeds up the process. Borrowers with excellent credit usually get the fastest approvals. Applying in the morning increases the chances of same-day disbursement.
Can I get a same-day loan with bad credit?
Yes, but expect higher interest rates. Lenders like Upstart, Avant, and OneMain accept lower credit scores, though rates can be high. Some lenders offer secured loans where collateral helps in approval. Checking rates with prequalification can help avoid unnecessary credit score impacts. Approval depends on income, debt-to-income ratio, and lender policies.
Do same-day loans require collateral?
Most personal loans are unsecured, meaning no collateral is needed. However, lenders like OneMain Financial offer secured loans, requiring a car or savings account as collateral. Secured loans may provide lower interest rates for borrowers with low credit scores. Unsecured loans rely on creditworthiness, income, and financial history. Borrowers should compare options based on their risk tolerance and eligibility.
What’s the maximum loan amount for fast funding?
Lenders like SoFi and LightStream offer loans up to $100,000, but approval depends on credit score and income. Most same-day loans range from $1,000 to $50,000. Borrowers with excellent credit qualify for higher amounts at better rates. Those with bad credit may receive lower limits and higher APRs. Some lenders cap funding for same-day deposits at lower amounts.
Are there same-day loans with no credit check?
No legitimate lender offers personal loans without a credit check. However, Upstart and Oportun consider alternative factors like employment and education. Some lenders offer soft credit checks for prequalification, avoiding score impact. Payday loans don’t check credit but have extremely high APRs. Secured loans may be an option for those with low credit scores.
How quickly can I get a $5,000 loan?
LightStream, SoFi, and Rocket Loans offer same-day funding if approved early. Approval depends on credit score, income, and lender criteria. Some lenders take 1-2 business days for processing. Direct deposit speeds up the funding process. Applying before noon on a business day increases chances of same-day approval.
What’s the difference between a payday loan and a fast personal loan?
Personal loans have lower APRs (6%-36%) and longer repayment terms (1-7 years). Payday loans have short terms (2-4 weeks) and extremely high APRs (400%+). Payday loans don’t require credit checks but have high fees. Personal loans offer structured repayment and better financial stability. Payday loans often lead to debt cycles due to rollover fees.
Can I use a fast personal loan for debt consolidation?
Yes, lenders like SoFi and Marcus offer debt consolidation loans. Some provide direct payments to creditors, simplifying repayment. Interest rates are usually lower than credit cards, saving money over time. Consolidation helps in managing multiple debts with one monthly payment. Prequalification helps find the best rates without affecting credit scores.
Do same-day loans affect credit scores?
Applying for a loan results in a hard credit inquiry, which may temporarily lower your credit score. Paying on time helps build credit, while missed payments hurt it. Some lenders offer soft credit checks for prequalification, avoiding immediate score impact. Debt-to-income ratio also affects loan approval and interest rates. Responsible repayment improves credit over time.
What’s the easiest same-day loan to get approved for?
Upstart and Avant accept credit scores as low as 580, making approval easier. OneMain Financial offers secured loans, increasing approval chances. Lenders that use alternative credit checks may approve borrowers with thin credit files. Loan approval depends on income, employment, and debt-to-income ratio. Borrowers with bad credit should compare lenders to find the best fit.
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