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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on BadCreditLoans.com's secure website

Loan Amount

$500 - $5,000

Loan Term

3 to 60 months

APR

Varies

The name of BadCreditLoans.com says it all. They are more than willing to help you find a loan even if you have bad credit. Although BadCreditLoans.com is not a direct lender, it provides an online lending marketplace to find a loan for your situation.

Once you fill out an application, the details will be shared with several lenders. If lenders are willing to work with you, then you will receive multiple offers.

In general, the company has a high rate of approval for borrowers that have poor credit scores. If you need a loan quickly with bad credit, this could allow you to explore your options without a hassle.

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CashUSA

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on CashUSA's secure website

Loan Amount

$500 - $10,000

Loan Term

6 to 72 months

APR

Varies

CashUSA is similar to BadCreditLoans.com. The company is not a direct lender, but it will be able to match you to one of their many lending partners. If you are matched with a lender, then you might be able to receive the funds you need in as little as one business day.

If you need less than $10,000 quickly, CashUSA is a good place to look. The credit requirements to work with CashUSA are lenient. However, you will need to earn at least $1,000 a month after taxes to qualify for a loan.

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PersonalLoans.com

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on PersonalLoan.com's secure website

Loan Amount

$500 to $35,000

Loan Term

3 to 72 months

APR

5.99% to 35.99%

Like the companies above, PersonaLoans.com is not a direct lender. It’s an online matching service that can help you find a loan that will meet your needs.

Personal loans are a type of installment loan that can help you fund a major purchase. You’ll need to earn at least $2,000 a month. With the possibility of receiving a loan offer of up to $35,000, you’ll be able to handle most financial emergencies through PersonalLoans.com.

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Net Credit

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on Net Credit's secure website

Loan Amount

$1,000 to $10,000

Loan Term

Varies

APR

Varies

Unlike the other options mentioned above, 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. However, you should be aware that the interest rates are typically high. In fact, you can expect to see interest rates in the range of 35% to 155%.

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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.

CashAdvance.com

LetMeBank's rating

Loan Amount

$100 to $999

Loan Term

7 days to 12 months

APR

Varies

CashAdvance.com is not a lender, but it can connect you to lenders that are willing to work with you. The loans offered through CashAdvance typically have a high interest rate attached. However, it will help you secure the funds you need.

You’ll need to earn at least $1,000 a month. Be prepared to repay the loan through automatic deductions from your checking account.

MoneyMutual

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Apply Now

on MoneyMutual's secure website

Loan Amount

up to $2,500

Loan Term

Varies

APR

Varies

The application process for MoneyMutual takes less than 5 minutes to complete. After you finish the application, you will receive your decision almost immediately. Once you secure an approval, you can receive your funds in 24 hours.

The fast access to cash will help you fund the minor emergency that you are facing. However, it likely will not solve a long-term financial problem.

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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 of 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