Grace Enfield, Content Writer
@grace_enfield
You can get an instant loan in 5 minutes if you borrow from a friend or family member since they can give you cash or use an electronic transfer service to send you money immediately. No reputable companies will send funds to you within minutes or even 1 hour after you apply. Personal loans are typically funded within 7 business days, and other options – like paycheck advance services – usually take a few business days.
Fortunately, some personal loans offer funding the same day. The best personal loans with the possibility of same-day funding are from LightStream. The company offers loans of $5,000 - $100,000, with APRs of 7.44% - 25.79% and repayment periods of 24 - 144 months to people with credit scores of 660 or higher.
To see if you’re pre-qualified for a same-day personal loan, you can try the free pre-qualification tool on WalletHub.
People also ask
Which banks give personal loans instantly?
There aren’t any banks that give personal loans instantly, but some banks may approve you within seconds of applying and provide funding the same day. Most banks take at least a couple of business days to provide funds for a personal loan, however.
Best Banks for Personal Loans With Fast Funding
| Lender | Minimum Funding Timeline | Loan Amount | APR |
| Same day* | $2,000 - $30,000 | 9.99% - 19.49%** |
What apps let me borrow money instantly?
Dave, Earnin and Brigit are apps that let you borrow money instantly. These cash advance apps allow you to borrow a portion of your next paycheck before you get it, and they can provide funds within minutes after you set up your account. You may have to link your bank account and pay a fee in order to qualify for instant cash.
There are other apps that allow you to borrow money instantly, as...
read full answer by Gino Rodriguez, WriterWho has the fastest loan approval?
U.S. Bank is among the lenders with the fastest loan approval because it will likely approve or deny you in less than a minute after you apply. The bank’s personal loans also have dollar amounts of $1,000 - $50,000, APRs of 8.74% - 24.99% and repayment periods of 12 - 84 months . You’ll need a credit score of at least 660 to qualify.
U.S. Bank isn’t your only option for fast loan approval, though. You can see a comparison of companies with...
read full answer by Gino Rodriguez, WriterDid we answer your question?
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