The offers for financial products you see on our platform come from companies who pay us. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials. Compensation may factor into how and where products appear on our platform and in what order.

But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. That's why we provide features like your Approval Odds and savings estimates.

Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can. Read our full review of Oportun personal loans to learn more. Why Earnin stands out: Earnin is an app that may be a useful alternative to a payday loan because it promises no fees and interest.

Read our full review of Earnin to learn more. Why Affirm stands out: If you need to borrow money for a retail purchase, Affirm may be a good alternative to a credit card. The company partners with thousands of online retailers and stores — from furniture stores to auto parts retailers — to offer personal loans for purchases.

Affirm typically offers repayment terms of three, six or 12 months. But for small purchases, you may only get one to three months and for large purchases, you may receive up to 48 months.

Read our full review of Affirm loans to learn more. Why Personify stands out: Personify is an online lender that offers a variety of personal loan amounts and terms, depending on where you live. Keep in mind that the lender may offer different terms on Credit Karma.

Check where you live to see what may be available. Personify also offers bi-weekly, semimonthly and monthly payment schedule options to help you set a repayment plan that works well for you. ET on a business day. Otherwise, you'll receive your money the next day. PenFed is a federal credit union that anyone can become a member of.

Personal loans can disbursed electronically or via a physical check. If you live near a PenFed location, you can pick up your check at any time directly from the branch.

Otherwise, you can receive your funds as early as the next day if you pay for expedited shipping. Click here to see if you prequalify for a personal loan offer.

Avant considers applicants with lower credit scores and can typically provide funding as soon as the next business day after you've been approved. While not required, applicants who don't qualify for an unsecured personal loan with OneMain Financial may be offered a secured loan.

A secured loan lets borrowers who want to use the equity from their car potentially qualify for lower interest that way.

Rates, repayment terms and agreements vary by individual and the state in which apply. Learn more by checking for offers on OneMain Financial's site. Not all applicants will be approved.

Loan approval and actual loan terms depend on your ability to meet our credit standards including a responsible credit history, sufficient income after monthly expenses, and availability of collateral and your state of residence. If approved, not all applicants will qualify for larger loan amounts or most favorable loan terms.

Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. APRs are generally higher on loans not secured by a vehicle. OneMain charges origination fees where allowed by law.

Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Visit omf. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB's Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes.

Loans to purchase a motor vehicle or powersports equipment from select Maine, Mississippi, and North Carolina dealerships are not subject to these maximum loan sizes.

Time to Fund Loans: Funding within one hour after closing through SpeedFunds must be disbursed to a bank-issued debit card.

Disbursement by check or ACH may take up to business days after loan closing. According to OneMain Financial , it generally takes less than 10 minutes to complete your loan application and receive your decision but that may, of course, vary depending on how many documents you'll need to provide.

Once you sign the loan agreement, you'll receive your funds as early as the next day. Prosper allows co-borrowers to submit a joint personal loan application, with the possibility of next-day funding. Citi allows existing deposit account holders to receive their personal funds as quickly as the same business day.

Borrowers who don't have a Citi deposit account can receive their funds in up to two business days. LightStream offers low-interest loans with flexible terms for people with good credit or higher. This lender provides personal loans for just about every purpose except for higher education and small businesses.

Another pro to using this lender is that LightStream doesn't charge any origination, administration or early payoff fees. Plus, SoFi personal loans do not require origination fees.

SoFi offers a 0. There's also some more flexibility when it comes to choosing the type of interest rate you receive. Loan applicants can choose between variable and fixed APR. Fixed APRs give you one rate that you pay for the entirety of your loan, and variable interest rates fluctuate, but SoFi caps them at Must reside in a state where SoFi is authorized to lend and must be employed, have sufficient income from other sources, or have an offer of employment to start within the next 90 days.

PenFed is a federal credit union that provides many personal loan options for debt consolidation, home improvement, medical expenses, auto financing and more. While it's not required to be a PenFed member to apply, a membership will be created for you if you decide to accept the loan.

Avant stands out for considering applicants with credit scores under , but keep in mind that the higher your credit score, the more likely you are to receive the lowest rates. Before you decide to apply for this loan, you can see if you pre-qualify for a rate that's on the lower end of the APR range.

While there are no penalties for early payoff, there is an origination fee of up to 4. OneMain Financial offers personal loan options that are a little more flexible compared to other lenders.

Repayment terms run between 24 months and 60 months and OneMain Financial also allows borrowers the option to secure the loan with collateral to potentially receive an interest rate on the lower end of the lender's range.

Plus, borrowers can choose the date their monthly payments are due and have the option to apply with a co-applicant.

Prosper allows co-borrowers to submit a joint personal loan application, which can be beneficial if the primary borrower has a limited credit history or has a lower credit score.

The co-borrower on a personal loan application shares the liability for repaying the loan with the primary borrower which is why lenders may see a borrower as less risky if they have another person applying alongside them.

Citi is a household name in the banking and lending space. In addition to having in-person branches nationwide, this lender also offers ways for customers to use its services online. Citi stands out as a personal loan lender because it doesn't charge origination fees, early payoff fees or late fees.

This lender also offers a 0. See if you're pre-approved for a personal loan offer. A personal loan is a type of installment credit that allows borrowers to receive a one-time lump sum of cash.

Borrowers must then pay back that amount plus interest in regular, monthly installments over the loan's term. When applying for a personal loan, you'll need to provide some basic pieces of information, which can include your address, social security number and date of birth, among others.

You may also be required to submit pay stubs as proof of income. Some lenders may also require your bank account information. An application can typically be submitted online or in person if the lender has physical branches that you can visit.

Some lenders offer personal loans that cater to borrowers with lower credit scores, and may allow borrowers with bad credit to apply with co-borrowers.

It's always advised to try to improve your credit score before applying for any form of credit since it can be difficult to qualify with lower credit scores. Additionally, lower credit scores tend to be subject to higher interest rates. An unsecured loan is a form of credit that doesn't require you to put up collateral that can be used to settle your balance if you default on the loan.

Most personal loans are unsecured loans. When you need money in a pinch, many personal loan lenders can get you funded as soon as the same business day. Make sure your application is complete and free from inaccuracies to ensure the process goes smoothly.

Any mistakes on your application could delay getting your funds. Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox.

Sign up here. At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every personal loan review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of loan products.

While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.

See our methodology for more information on how we choose the best same day personal loans. To determine which personal loans are the best, CNBC Select analyzed dozens of U. personal loans offered by both online and brick-and-mortar banks, including large credit unions, that come with no origination or signup fees, fixed-rate APRs and flexible loan amounts and terms to suit an array of financing needs.

When narrowing down and ranking the best personal loans for fair or good credit, we focused on the following features:. After reviewing the above features, we sorted our recommendations by best for overall financing needs, quick funding, lower interest rates and flexible terms.

Note that the rates and fee structures advertised for personal loans are subject to fluctuate per the Fed rate.

However, once you accept your loan agreement, a fixed-rate APR will guarantee interest rate and monthly payment will remain consistent throughout the entire term of the loan.

Your APR, monthly payment and loan amount depend on your credit history and creditworthiness. To take out a loan, lenders will conduct a hard credit inquiry and request a full application, which could require proof of income, identity verification, proof of address and more.

Catch up on CNBC Select's in-depth coverage of credit cards , banking and money , and follow us on TikTok , Facebook , Instagram and Twitter to stay up to date.

Excellent credit is required to qualify for lowest rates. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding.

We reviewed more than 14 lenders to determine the best quick loans. To make our list, lenders must offer same- or next-day funding with competitive rates Borrow up to $1, in $ increments with a fixed rate for every $ you borrow. Then, repay the loan in three monthly payments. Quick access to funds 3 best quick loans for emergency cash · Why a Wells Fargo personal loan stands out: Wells Fargo says it can often deliver your funds by the next

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Quick loan repayment - These short-term loans typically are for $ or less and require repayment on your next payday We reviewed more than 14 lenders to determine the best quick loans. To make our list, lenders must offer same- or next-day funding with competitive rates Borrow up to $1, in $ increments with a fixed rate for every $ you borrow. Then, repay the loan in three monthly payments. Quick access to funds 3 best quick loans for emergency cash · Why a Wells Fargo personal loan stands out: Wells Fargo says it can often deliver your funds by the next

Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. APRs are generally higher on loans not secured by a vehicle. OneMain charges origination fees where allowed by law.

Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Visit omf. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB's Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes.

Loans to purchase a motor vehicle or powersports equipment from select Maine, Mississippi, and North Carolina dealerships are not subject to these maximum loan sizes. Time to Fund Loans: Funding within one hour after closing through SpeedFunds must be disbursed to a bank-issued debit card.

Disbursement by check or ACH may take up to business days after loan closing. According to OneMain Financial , it generally takes less than 10 minutes to complete your loan application and receive your decision but that may, of course, vary depending on how many documents you'll need to provide.

Once you sign the loan agreement, you'll receive your funds as early as the next day. Prosper allows co-borrowers to submit a joint personal loan application, with the possibility of next-day funding.

Citi allows existing deposit account holders to receive their personal funds as quickly as the same business day. Borrowers who don't have a Citi deposit account can receive their funds in up to two business days.

LightStream offers low-interest loans with flexible terms for people with good credit or higher. This lender provides personal loans for just about every purpose except for higher education and small businesses.

Another pro to using this lender is that LightStream doesn't charge any origination, administration or early payoff fees. Plus, SoFi personal loans do not require origination fees. SoFi offers a 0. There's also some more flexibility when it comes to choosing the type of interest rate you receive.

Loan applicants can choose between variable and fixed APR. Fixed APRs give you one rate that you pay for the entirety of your loan, and variable interest rates fluctuate, but SoFi caps them at Must reside in a state where SoFi is authorized to lend and must be employed, have sufficient income from other sources, or have an offer of employment to start within the next 90 days.

PenFed is a federal credit union that provides many personal loan options for debt consolidation, home improvement, medical expenses, auto financing and more.

While it's not required to be a PenFed member to apply, a membership will be created for you if you decide to accept the loan. Avant stands out for considering applicants with credit scores under , but keep in mind that the higher your credit score, the more likely you are to receive the lowest rates.

Before you decide to apply for this loan, you can see if you pre-qualify for a rate that's on the lower end of the APR range.

While there are no penalties for early payoff, there is an origination fee of up to 4. OneMain Financial offers personal loan options that are a little more flexible compared to other lenders. Repayment terms run between 24 months and 60 months and OneMain Financial also allows borrowers the option to secure the loan with collateral to potentially receive an interest rate on the lower end of the lender's range.

Plus, borrowers can choose the date their monthly payments are due and have the option to apply with a co-applicant. Prosper allows co-borrowers to submit a joint personal loan application, which can be beneficial if the primary borrower has a limited credit history or has a lower credit score.

The co-borrower on a personal loan application shares the liability for repaying the loan with the primary borrower which is why lenders may see a borrower as less risky if they have another person applying alongside them.

Citi is a household name in the banking and lending space. In addition to having in-person branches nationwide, this lender also offers ways for customers to use its services online. Citi stands out as a personal loan lender because it doesn't charge origination fees, early payoff fees or late fees.

This lender also offers a 0. See if you're pre-approved for a personal loan offer. A personal loan is a type of installment credit that allows borrowers to receive a one-time lump sum of cash. Borrowers must then pay back that amount plus interest in regular, monthly installments over the loan's term.

When applying for a personal loan, you'll need to provide some basic pieces of information, which can include your address, social security number and date of birth, among others. You may also be required to submit pay stubs as proof of income.

Some lenders may also require your bank account information. An application can typically be submitted online or in person if the lender has physical branches that you can visit.

Some lenders offer personal loans that cater to borrowers with lower credit scores, and may allow borrowers with bad credit to apply with co-borrowers.

It's always advised to try to improve your credit score before applying for any form of credit since it can be difficult to qualify with lower credit scores. Additionally, lower credit scores tend to be subject to higher interest rates. An unsecured loan is a form of credit that doesn't require you to put up collateral that can be used to settle your balance if you default on the loan.

Most personal loans are unsecured loans. When you need money in a pinch, many personal loan lenders can get you funded as soon as the same business day. Make sure your application is complete and free from inaccuracies to ensure the process goes smoothly. Any mistakes on your application could delay getting your funds.

Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money.

Every personal loan review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of loan products.

Some lenders can fund a loan the next day, while others could take up to a week after approval. Online lenders may disclose the timeline in an FAQ or blog section of their websites.

Time to approve. Time to fund. Origination fee. Other loan types. As fast as 5 seconds. Within a few minutes. Same or next day. OneMain Financial. Usually instant. Joint, secured. Rocket Loans.

Within a day. Universal Credit. Up to a few days. Best Egg. We compared more than a dozen lenders to choose the best personal loans for emergencies. Among the factors we considered are:.

Minimum credit score requirement. Approval and funding time. The ability to add a co-applicant or collateral. Star rating. Annual percentage rate range. Loan amount. Check your credit.

You can view your report for free on NerdWallet or at AnnualCreditReport. Determine what you can afford. Review your monthly budget to determine how much you can afford to pay toward the loan each month.

Pre-qualify and compare offers. Gather documents and apply. Once you have a loan offer with affordable monthly payments, find the documents you need to apply for a personal loan.

This can include W-2s, pay stubs, a government-issued ID and proof of address. You could get an instant approval decision, but it often takes a day or two. Here are a few tips to get an emergency loan with bad credit:.

Add a co-signer or co-borrower: A co-signer or co-borrower can help your chances of qualifying or getting a good rate. A co-borrower has equal access to the funds, while a co-signer does not. Add collateral: Some lenders offer secured personal loans and consider the item used as collateral usually a bank account or vehicle when assessing an application.

Adding collateral can improve your chances of qualifying, but the lender can take the collateral if you miss too many payments. Add up income streams: Your monthly income is another important factor on an application.

Most lenders want to see that you have enough to cover regular expenses, make the new loan payment and have a little leftover. Many lenders consider things like Social Security, alimony or child support as part of your income. Online lenders usually let you check your rate before applying and offer a fast application process.

But predatory lenders will try to exploit your emergency. Many banks prefer borrowers with good or excellent credit scores or higher , but there are some exceptions. Some large banks, like Wells Fargo , U.

Bank and Bank of America offer small loans that can cover emergencies. You must be an existing customer to get this type of loan, but the fees are much lower than what payday lenders charge.

Credit union members may have the most affordable emergency loan option. Some credit unions offer payday alternative loans , which are small-dollar loans with low rates that are repaid over six months to a year. Examples of emergencies you can pay for with a personal loan include:.

Medical or dental bills. Home repairs. Car repairs. Bills after a loss of income. Unexpected travel expenses. These emergency loans can be fast and easy to get, but they could do long-term financial damage.

Some no-credit-check installment loans share similarities with payday and auto title loans. Repayment terms on these loans may be longer than you need or a lender may encourage you to refinance the loan multiple times, resulting in exorbitant interest costs over the lifetime of the loan.

Pawn loans require you to hand over a valuable item to a pawnshop as collateral for a small loan. You have to repay the loan, with interest, or the pawnshop will keep your item. If repayment takes too big a bite out of your bank account, you could end up borrowing from the pawnshop again.

With car title loans , a lender assesses the value of your vehicle and lends you a percentage of that amount. If you accept, the lender holds the car title and you receive your loan. Payday loans are high-cost, short-term loans that are risky — even in an emergency. Cheaper alternatives to borrowing aren't always fast or convenient, and sometimes they require asking for help.

But NerdWallet strongly recommends exhausting alternatives first, even in an emergency. Here are some possible alternatives to an emergency loan. Best for: Help meeting basic needs. Getting same day loans and borrowing money instantly at Minute Loan Center is fast and stress free, whether you apply online² or in store.

Online applications processed between AM ET and PM ET are typically funded the next banking day, but exceptions may apply. If we are unable to verify your application electronically, we may ask you to provide certain documents before final approval. Easy to understand with no hidden charges.

Our mission is to make sure you are treated the way we would want to be treated. We are always innovating new ways to make life easier for you. Online servicing available in Mississippi, Missouri and South Carolina, with our fully caffeinated service team available from 9 am EST to 10 pm EST Mon-Fri and 9 am to 8 pm EST on Saturday.

MLC Coupons gives you access to thousands of offers from major merchants and local stores, in-store and online. Level Up Rewards allows you to earn points that you can redeem for a variety of cool things. A MLC Line of Credit is more flexible than installment loans, payday loans or title loans.

A Line Of Credit lets you apply once and access as much of your credit limit as you need it, when you need it. Every payment pays down part of the amount borrowed, so you are always paying down your loan with each and every payment.

If you are in a state with both products available, it is natural to ask, how do I choose between an installment loan and a line of credit?

When faced with a short-term emergency, many people turn towards Payday Loans. Payday Loans however, are generally limited to smaller amounts and must be paid off on your next pay day.

If you cannot make the payment, many lenders have you pay the fees on your loan and issue you a new one to pay the previous one, and on and on. Our installment Loan and Line of Credit products solve these problems by providing more time to pay, options to borrow larger amounts, no balloon payments and never a penalty for paying early.

In today's digital era, obtaining a financial solution is just a few clicks away. While excellent credit scores can smooth the way for many In a world of unexpected expenses and unforeseen financial challenges, the need for immediate financial solutions often becomes pressing In the bustling world of financial assistance, some terms can leave people more confused than they were.

One common confusion arises when talking CHECK IT! See how much you qualify for. No credit hit.

Quick loan repayment - These short-term loans typically are for $ or less and require repayment on your next payday We reviewed more than 14 lenders to determine the best quick loans. To make our list, lenders must offer same- or next-day funding with competitive rates Borrow up to $1, in $ increments with a fixed rate for every $ you borrow. Then, repay the loan in three monthly payments. Quick access to funds 3 best quick loans for emergency cash · Why a Wells Fargo personal loan stands out: Wells Fargo says it can often deliver your funds by the next

That's why we provide features like your Approval Odds and savings estimates. Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can.

But keep in mind that the shortest amount of time a lender says it can get approved funds to you often comes with a disclaimer. A number of factors can delay your funding, and depending on your bank, there may be a wait before you can access your cash. And think twice before you opt for high-cost loans like payday loans or title loans , which can come with very high fees and interest rates.

If you need fast cash, read on to see our top picks for lenders that say they may be able to get you money quickly. Why a Wells Fargo personal loan stands out: Wells Fargo says it can often deliver your funds by the next business day after loan approval.

Read reviews of Wells Fargo personal loans to learn more. Though depending on your bank, it could take longer to access your cash. Avant is worth a look if you have less-than-perfect credit and are facing an emergency expense. But keep in mind that its rates are higher than you may find elsewhere.

Read reviews of Avant personal loans to learn more. Why an Earnin loan stands out: If you only need a small amount of money, Earnin might be a good fit since it lets you advance small amounts from an upcoming paycheck. But keep in mind that depending your bank, you could have to wait longer to access your cash.

Read our full review of Earnin to learn more. There are some loan options that offer funding quickly that are often less favorable to borrowers.

For example, payday loans, auto title loans, and other high-interest, short-term debt can be incredibly expensive. You should try to avoid these types of loans whenever possible. Payday loans can often be rolled over or renewed for only the cost of the lending fee, which increases the total cost for the borrower, and moves the loan out to the next payday.

This cycle of applying for and then renewing payday loans can quickly put you in a cycle of debt, so applying for this type of loan to get funds quickly should be avoided whenever possible. A potentially cheaper option is a payday alternative loan , which is a small-dollar loan offered by certain federal credit unions.

Check where you live to see what may be available. Personify also offers bi-weekly, semimonthly and monthly payment schedule options to help you set a repayment plan that works well for you. Read our full review of Personify personal loans to learn more.

Here are a few important things to know to help get you started. If you need cash fast and have bad credit, you may be tempted by payday loans , which can be very costly.

A better option may be a payday alternative loan — a kind of short-term loan offered by some federal credit unions. Shopping around for a short-term personal loan can help save you money and stress down the line. Compare multiple loans before making a final decision.

A personal loan could be a good option to consider if you need to consolidate debt or pay for large expenses. If you choose to take out a short-term loan, review your contract carefully to check for potential fees and penalties, such as origination fees, late fees and prepayment fees.

To compile this list, we reviewed more than a dozen lenders, narrowing them down to those that offer personal loans with repayment terms of 12 months or less. We then compared interest rates, fees, application processes and other details about each lender. Image: Man holding bills and looking up short term loans on his cellphone.

Information about financial products not offered on Credit Karma is collected independently. Our content is accurate to the best of our knowledge when posted. Advertiser Disclosure We think it's important for you to understand how we make money. Check your Approval Odds for a loan Get Started.

About the author: Jacqueline DeMarco is a freelance writer based in southern California who graduated from the University of California Irvine with a degree in literary journalism.