To get a loan online instantly, you’ll need to submit an application to the online lender that offers the fastest funding timeline: LightStream, which funds loans as soon as the same day you apply. The company offers loan amounts of $5,000 - $100,000, an APR range of 5.99% - 22.49% and repayment periods of 24 - 84 months.
To read more about the top-ranked offers, check out WalletHub’s picks for the best quick loans. For your convenience, we’ve also listed our recommended steps for getting a loan quickly below.
How to Get a Loan Quickly
Check your credit score. Checking your credit score is a good way to see which lenders you may qualify for. You can check your credit score for free on WalletHub.
Pre-qualify if possible. Pre-qualifying allows you to estimate your potential rates and see your approval odds. You will have very high odds of actual approval if you are pre-qualified. To pre-qualify with multiple lenders at once, check out the free pre-qualification tool on WalletHub.
Compare your options. When comparing options, the most important things you need to look at are the funding timelines, loan amounts, APRs and repayment periods. The best online loans offer fast funding, a low minimum APR and minimal fees.
Choose the best loan. Choosing a loan depends on a number of factors, like which loan offers the fastest funding and the lowest APR, as well as whether you can meet the credit score and income requirements.
Apply for the loan. Most lenders allow you to apply online or by phone, though applying online will typically get you the fastest decision and funding.
Wait for a decision and funding. You may get a decision as soon as the same day you apply. Then, if you’re approved, you should get your funds within a few business days. Some providers even offer funding as soon as the same day.
Once you get the money, you’ll need to start repaying the loan. This may take a few months to a few years to complete.
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