If you need funds quickly, then waiting on a loan officer to approve your application can seem like a long process. However, there is no need to wait in line at the bank to receive the funds you need.
Thanks to the internet, you have the option to apply for your loan online. Not only can you apply online, but you can also receive a loan decision within minutes. Even if you have bad credit, you’ll find many lenders are still willing to provide quick funds. Instead of waiting days or weeks, you can have your approval and receive the funds within a single business day!
If you are in need of cash quickly, then check out our top recommendations for quick loans.
Best Online Installment Loans for Bad Credit with Quick Decisions
An installment loan can be a good fit if you need to fund a major purchase.
Generally, installment loans offer a wide range of loan amounts and terms. Many lenders are willing to offer well over $20,000. Of course, the amount you can be approved for will vary based on your credit. Make sure to shop around with different lenders to ensure you are receiving the best possible rate. Even if you need the money quickly, it is worthwhile to check rates with several lenders before accepting a loan.
BadCreditLoans.com
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Loan Amount$500 – $10,000
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Loan Term3 – 60 months
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APR5.99% – 35.99%
Features & Benefits
- No cost to check loan approval
- High approval rate despite credit history
- Funds available as soon as next business day
- Assisting people with bad credit since 1998
Bad Credit Loans is an online lender marketplace that allows you to connect with multiple lenders by filling out a single application. The service is 100% free.
Once you’re approved, your lender will provide you with the APR, loan fees, and other terms.
Read through the terms, compare all the offers you’ve received, and only accept the loan you’re most comfortable with. You are not obligated to accept the personal loan from any lenders that you are matched with.
CashUSA
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Loan AmountUp to $10,000
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Loan Term3 – 72 months
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APR5.99% – 35.9%
Features & Benefits
- Flexible borrower requirements
- Loan request can be approved within minutes
- Money deposited as early as 1 business day
- All credit types accepted
CashUSA connects borrowers with lenders. Each application is sent to the lender most likely to lend to the borrower. This platform caters to a diverse range of credit profiles, making it more than just a broker for those with poor credit.
Interest rates vary depending on the lender, so make sure you read through the terms for each emergency loan before you choose. Applying online only takes a few minutes, and funds are often available the next day.
PersonalLoans.com
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Loan Amount$1,000 – $35,000
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Loan Term3 to 72 months
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APRVaries
Features & Benefits
- Multiple loan types available
- Fast loan decision
- Funds deposited as soon as you accept an offer
- Nationwide availability
You can get a loan through PersonalLoans.com with credit scores as low as 600. Each lender in their network offers its own unique interest rates.
The quick and easy online application only takes minutes. You’ll have a decision within a business day of submission.
NetCredit
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Loan Amount$1,000 to $10,000
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Loan TermVaries
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APRVaries
Features & Benefits
- Poor credit or little credit history is OK
- Excellent customer reviews
- No prepayment penalties
- Only available in 37 states
NetCredit is a direct lender that might be able to fund your needs quickly. Plus, if you change your mind about the loan, you will be able to return it within one business day.
If your needs can be covered with a loan of $10,000 or less, then you should consider working with NetCredit. They also offer lines of credit to customers in some states.
Best Short-Term Loans Available Online with Bad Credit
In some cases, you won’t need a major loan. Instead, you may just need a few hundred dollars to help you make it until payday. Although you’ll want to avoid payday loans, there are some other options to help you secure the cash you need quickly.
MoneyMutual
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Loan AmountUp to $5,000
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Loan TermVaries
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APRVaries
Features & Benefits
- Application takes less than 5 minutes
- Get a decision on your loan within minutes
- Funds are available within 24 hours
- Trusted by more than 2,000,000 borrowers
MoneyMutual is an online marketplace of lenders. They make it quick and easy to find a short-term cash advance loan in as little as 24 hours.
One application can potentially get you multiple loan offers. MoneyMutual has been trusted by more than two million customers. They serve borrowers with bad credit from all 50 states except New York and Connecticut.
CashAdvance.com
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Loan Amount$200 to $10,000
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Loan Term7 days to 12 months
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APRVaries
Features & Benefits
- Response by email or phone within minutes of submitting request
- Money deposited as soon as the next business day
- High approval rate even with bad credit
- Trusted since 1997
CashAdvance.com provides a free service that quickly connects customers with lenders that offer short-term loans that may work for them.
Whether you have an emergency or an unexpected expense, this online lender may be able to help you out quickly.
Bottom Line
If you need a loan, the decision could be a few minutes away. Even if you have bad credit, there are lenders that are willing to work with you. However, you should be prepared to pay higher interest rates with a poor credit score.
No matter how quickly you receive a loan offer, make sure to read the fine print. Don’t accept a loan before you understand all the terms and conditions. Also, consider your other options for funding an emergency such as a side hustle or tightening your budget for a few months
