Best Fast Personal Loans For 2024

Shatakshi Sinha
Best Fast Personal Loans - Theislandnow

Personal loans are a big part of consumer debt, with many borrowers taking advantage of them. In the second quarter of 2022, total personal loan balances were $192 billion, up 31% from 2021 according to TransUnion. 


Personal loans are available to everyone and can be obtained quickly and easily online, even if you have bad credit. If you’re looking to get fast personal loans from a safe and convenient location, this article will show you where to find the best options from your device.

Top Fast Personal Loans For 2023

Best For Fast Personal Loans, #1 Editor’s choice


Simple Requirements


Credit Score


Loan Amount

Fastest Way to borrow personal loans


24-hour payment guaranteed


Credit Score Required

$1000- $100,000

Loan Amount

Best For Fast Loans from $5,000


Funding is fast


Credit Score

Starts from $5,000

Loan Amount

Lending Curator For Fast Personal Loans


Consider low credit scores


Credit Score

Starts from $100

Loan Amount

Best Personal Just For You


Simple Requirements


Credit Score

$500 to $4,00

Loan Amount

#1– Best For Fast Personal Loans, #1 Editor’s choice

A personal loan is a great place to get all the best fast personal loans online. They have borrowing options from tribal loans and peer-to-peer lending networks. Traditional lenders are also part of the mix.


Note that this is a lending platform- they do not lend money directly.

The loans may get used for any reason you need. The loan amounts available range from $1000 to $35,000. The lending period ranges from 90 days to 72 months, and you may pay bi-weekly or once every month. 


The minimum APR starts at 5.99%, and the max APR caps at 35.99%. Best of all, there’s no prepayment penalty, so feel free to make payments toward your loan early and get it done.



  • Easy to get a loan here
  • The process is fast and easy, and money gets deposited within 24 hours
  • You can use the loan as you wish
  • The APR can be low for those with good credit


  • Some loans come with fees assessed by the lender.

Why Should You Trust Personal Loans?

Eligibility Criteria

  • They match you with lenders that fit your credit score
  • You can select from peer-to-peer, personal bank loans, installment loans, or signature loans
  • Friendly customer support team available 12 hours a day, Monday to Friday
  • The use of is free. 
  • Since it is a lending network, no fees get assessed. 
  • Your lender will more than likely charge loan fees, such as an origination fee.
  • For most lenders that works with, you’ll have your funds in 24 hours- sometimes that same day!
  • Must be 18 years or older
  • Must have at least a 580 credit score
  • Must be a US citizen and live in the US
  • Must have a valid checking account and ID

#2 New SilverFastest Way to borrow personal loans 

New Silver is a great place to be if you’re seeking real estate loans or personal loans that are simple to get. New Silver is a good place for beginning real estate investors or folks needing a fast personal loan online.


Applying here is simple. You can learn about the many products offered, and find all the answers you seek, whether it is regarding a loan or service provided, and your approval can take a mere five minutes!

Best of all, customers love working with New Silver. Reviews indicate the employees are friendly, fast, and a pleasure to work with.



  • They do a soft pull on your credit report, so it is not affected
  • Fix & Flip, Rent, Ground Up loans for real estate available 
  • Personal loans have no minimum credit score



  • They can only lend in some 50 states or Puerto Rico.

Why Should You Trust New Silver?

Eligibility Criteria

  • Minimum loan amount is $1000, and the max is $100,000.
  • 48-hour max approval time
  • Term and Line of Credit loans available
  • APR starts at 7%
  • Fees will vary based upon the lender you get matched with.
  • It will take 48 hours or less to receive your funds.
  • Must be a USA citizen
  • Must provide identification and documentation for loan disbursement
  • Must fill in personal info for repayment purposes (Employment history, salary, etc.)
  • Must have a valid checking account
  • Must be 18 years of age or older
  • Fair or better credit is recommended

#3 Axos Bank Best For Fast Loans Under  $5,000

Axos Bank provides a vast range of banking products for businesses and individuals to use as you take control. They are a digital organization, so it’s ideal if you wish to manage everything over the Internet versus at a physical bank.

There are relatively few fees, and their ATM network is vast. Axos Bank is great if you’d like an online, trusted financial institution where you can get fast personal loans online.


There’s more than just fast, easy personal loans online as well. You should consider Axos Bank if you’re in the market for a quality checking/savings experience



  • Unlimited ATM reimbursements for accounts
  • Loans offered in all 50 states



  • Loans begin at $5,000

Why Should You Trust Personal Loans?

Eligibility Criteria

  • Easy to apply online
  • They cater to persons with good credit scores, so you’re getting a great rate
  • They do all their transactions online, so there’s no need to leave your home
  • You may borrow for debt consolidation, home improvements, special occasions, vast expenses
  • No collateral required
  • $15 fee for payment made past the grace period
  • $25 fees if there are insufficient funds to cover the loan payments
  • Origination fees of 1% to 2% of the loan amount
  • It will take 2 business days/48 hours to receive your funds
  • 700 or higher credit score
  • Verifiable source of income
  • Borrow anywhere from $5000 to $50,000
  • Must be 18 or older
  • Must provide documentation of income and verification

#4 Honest LoansLending Curator For Fast Personal Loans

Honest loan is a service for fast, easy personal loans, and they make the process simple. You can enjoy loans ranging from $100 to $2500, even if your credit is bad- yes, they do have bad credit fast personal loans!


Your information will get given to varied lenders as you complete the process. You will get offers for competitive-rate loans, but you may be advertised to lenders who email you information about how they can help.

Honest Loans has no minimum credit score they want, so consider this your one-stop shop for fast personal loans online.


The primary focus of Honest Loans is to generate leads- that is, send your information to lenders that are ready to help. These loans you may have access to can change.


That site may recommend a personal loan to you, but you might also see information about cash advances and payday loans. 


While the loans offered here can be as high as $50K, it shall depend on that particular lender’s policy. Our focus of the Honest Loans operation is short-term, small loans. Many users will need about $400 to $1000. 



  • Secure, safe transactions
  • Encryption technology, specifically 256-bit, keeps your info safe
  • Funds reach you at lightning speed



  • The loan offers and solicitations can get overwhelming

Why Should You Trust Honest Loans?

Eligibility Criteria

  • Any credit score is accepted
  • Decisions are made fast
  • Funding is fast
  • All data is encrypted and safe
  • Loans begin at $100
  • Fees get based on your loan’s APR (annual percentage rate).
  • Using the HonestLoans service is free.
  • Your lender will charge origination fees/late payment fees.
  • Funds are typically received by the next business day after you apply.
  • Must be at least 18 years or older
  • Must be a permanent resident/citizen of the USA
  • You must have a checking account in your name
  • Must be able to provide documentation of regular income
  • Must earn at least $800 a month

#5 OpploansBest Personal Just For You 

Opploans provides unsecured installment loans for folks with poor credit. They are a loan network that introduces you to lenders willing to work with you, and funding is fast, taking two business days or less.


Interest rates go from 59% to 160%. Rates depend on where you reside and your creditworthiness.

Loans range from 9 to 18 months for repayment. You can borrow between $500 to $4,00. No minimum credit score is necessary, making it an ideal choice for fast, easy personal loans/fast personal loans.


OppLoans is short for Opportunity Financial. You don’t have to participate in a credit check when applying for these loans but do keep in mind the interest rates are high because of this.


These loans are ideal in a pinch, but ensure you get a plan to repay this loan (and possibly pay it off early so you can pay high interest as long as you have to).



  • No effect on your FICO score by using the service
  • Good rating with the BBB
  • Bad credit fast personal loans get provided here



  • They only serve 33 states

Why Should You Trust

Eligibility Criteria

  • No minimum credit score
  • It is an online operation.
  • Check rates before applying.
  • They specialize in personal loans, so you get excellent service tailored to this lending product.
  • The Opploans service is free to use. 
  • There are no application, early repayment, or origination fees. 
  • No late fees get assessed.
  • You will get your loan money that same day in most cases.
  • Must be 18 years or older (some states, namely Nebraska and Alabama, require age 19)
  • Must have been with current employer for at least 30 days
  • Must be a USA citizen or permanent resident
  • Must have direct deposit in most states
  • Must earn at least $1500 a month

How to Get Fast Personal Loans?

It will be the most tedious part of your journey, but it is necessary. You’ll need to gather all the correct documents to make the process faster. You should have your driver’s license or state-issued ID on hand.


 Also, ensure you’ve got a tax document from last year or the current year/two most recent pay stubs/a bank statement on hand. 


Your lender will tell you what you specifically need, but these are the most common forms of ID and income verification lenders ask for.


For folks collecting benefits, have documents related to those nearby.

Before you submit those documents, take steps to calculate your monthly payments/bi-weekly payments using this free loan calculator. It’s crucial to establish a budget ahead of time, or at the least, make a plan to make up the difference.


You don’t ever want to be late on a payment as it negatively impacts your credit score and also comes with extra fees you don’t need or want.


As you work out the numbers, focus on what you need to change about your life to ensure you can make all payments when scheduled. Consider working more hours or doing some side work to ensure you’re always on time.

Pre-qualifying for a loan is a great way to visualize your creditworthiness and check out how much you qualify for. It is not a guarantee that you will get a loan, but you can compare the loans without hurting your credit score.


It’s a good practice to compare lenders and see which ones provide the lowest interest rate. So, you can check out the online sites above, local banks, and online lenders to know you’re getting the best rate.

So, you’ve got all your documents ready and worked out the numbers. Now is the time to apply and finally get the money you need. You can apply online for a quality, fast personal loan, or if you choose an in-person branch, you’ll need to submit an in-person application.


Online is the better way to go as they cater to bad-credit borrowers and make quick loan decisions. Plus, customer service tends to be open later at online lenders if you have questions about your loan.

Fast Loans Online

Online lenders are a great way to get a convenient, quick burst of money for all your borrowing needs. 


The vast majority of online lending companies will permit you to pre-qualify and preview the rate you’ll get without having to do a hard pull on your credit score.


Borrowers can then apply, get your cash, and use it. Then, you can pay via automatic debit from your checking account.

Online loans usually range from 6% and up for interest rates. Loan amounts can begin at $100 and stop at $100,000.


Finding out which lender is the best for your must-haves and credit rating can make the process even quicker. Lenders such as Axos Bank are great for people with good credit, and OppLoans is ideal if you’ve got a poor credit score.


If you need to know your credit score, please understand that you can check it once a year for free. Click here to learn more and get your score.

Fast Credit Union Loans

Sometimes, checking out a credit loan for your personal loan needs may be more prudent. You may already be a member of a credit union, or you may want to join.


One example is Alliant Credit Union. They will fund loans on the same day, but a person must become a member before applying for a fast online personal loan. 


Plus, the interest cap is another great reason to apply. Credit unions halt the interest rate at 18% for personal loans.

Your credit union might also take a look at your member history to make a lending decision, so if you have good standing with your local or work credit union, you may find a good deal right there.


If you aren’t a credit union member, check with a local one to see if you can apply. Some folks may even have access to a credit union through their work. They have advantages for their members, so take the time to learn more.

Fast Loans for Bad Credit

Some loan operations will provide fast online loans for bad credit borrowers. These borrowers are folks with a score of 629 or lower. If that sounds like you, and you have a stable income and a low debt-to-income ratio, then you likely qualify.


A stable income does not need to mean a paycheck every two weeks. You can be self-employed, receive government benefits or Social Security checks, or be given pension or trust fund payments. Annuity payments are fine also.

The important thing is to demonstrate proof that you have continuous income coming in. Although it may be tempting to grab the first loan you see after being rejected so many times, go slow and compare the rates to get the best one.


Plus, ensure you have a plan to repay it in full. You might take on extra hours at work or pick up a side gig to get it paid off faster.

FAQs - About Fast Personal Loans

Getting a loan will be fast and easy with our websites. Quick online personal loans take merely a day or two to reach your bank account. That way, you can have your money when YOU need it most.


You can make the process faster by having all supporting documentation, like proof of income and ID, ready to go.

Yes! All of the bad credit fast personal loans sites we’ve included on our roundup are secure, safe places to get money. All featured sites are SSL encrypted, so your information is safe.


Best of all, these are accredited websites to get fast, easy personal loans.

Yes. OppLoans, for example, is a premier place to get a bad credit fast personal loan. Just remember that your interest rates will be higher due to your credit rating.


Making payments on time will help raise your score, so the next time you need a loan, your loan rate may be better for you overall.

All of our featured loan operations are speedy at doling out fast, easy personal loans. If you demand the fastest in the industry, we recommend OppLoans, Personal Loans, or Honest Loans. They can get you your money the same day.

Conclusion- Which bank gives the fastest personal loan?

If you’re ready to get serious about your financial future, these loan companies can help. 

These companies provide borrowers of all credit types with fast personal loans online. The websites for these loans are safe, secure places to borrow money. 


Gone are the days of going to a sketchy payday loan office, feeling yourself cringe inside as you sign an outlandish loan contract, and then getting stuck in a loop of payments. 


Personal Loans and New Silver are great places to begin. You can use the loans for anything you wish. Such companies are a great way to consolidate debt. 


For example- instead of making many high-interest payments, you can take out a loan, pay everything off, and make one payment monthly.


If you’re ready to simplify your life, check out the lending offers at the sites above. You’ll be glad you did it.

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