How long does it take to get money from a PNC personal loan?

The easiest banks to get a personal loan from are USAA and Wells Fargo. USAA does not disclose a minimum credit score requirement, but their website indicates that they consider people with scores below the fair credit range (below 640). So even people with bad credit may be able to qualify.… read full answer

Wells Fargo normally requires a credit score of 660 for their unsecured personal loans. However, they also offer secured personal loans that are available even with lower scores. Wells Fargo’s secured loans require collateral in the form of money in a Wells Fargo savings account or CD.

Most banks that offer personal loans require a credit score of at least 660. Some require even higher scores, like Citizens Bank (680) and Barclays (700).

Easiest Banks to Get a Personal Loan From:

• USAA: Will lend to people with less than fair credit (scores below 640)
• Wells Fargo: 660 minimum credit score for unsecured; no minimum for secured
• American Express: 660 minimum credit score
• Discover: 660 minimum credit score
• TD Bank: 660 minimum credit score for existing customers (750 for non-TD customers)

These credit score requirements are either official info from the lender or the consensus of third-party sources.

The average person’s credit score is over 660, which puts them in a decent position to qualify for a personal loan from most banks. But if your score is lower, you can apply with USAA or get a secured loan from Wells Fargo.

You might also want to look outside of banks. Some credit unions and online lenders offer better chances of being approved with bad credit. For example, Avant’s minimum score requirement is reportedly 600 and LendingPoint’s is 585.

The best $100k personal loan offer comes from LightStream, which may lend up to $100,000 to borrowers with credit scores of 660-700+, for repayment over 24 to 144 months. LightStream’s APRs range from 3.99% to 17.24%, and their loans have no fees whatsoever. In addition, LightStream is known for its fast approval process, sometimes funding loans the same day a borrower applies and usually within 2 business days if not.… read full answer

But LightStream is not the only personal loan provider that offers $100k personal loans. Two other major lenders that offer up to $100k in personal loan funding include SoFi (an online lender) and Wells Fargo (a bank).

$100k personal loan options:

• LightStream: Loans up to $100,000 ($5,000 minimum). 24 to 144 months for payoff. 3.99% to 17.24% APR.
• SoFi: Loans up to $100,000 ($5,000 minimum). 12 to 84 months for payoff. 5.99% to 17.69% APR.
• Wells Fargo: Loans up to $100,000 ($3,000 minimum). 12 to 60 months for payoff. 5.24% to 22.99% APR.

It’s rare to see $100k personal loans. Most lenders have maximum loan amounts of $50,000 or less. But even if you apply with a lender that does offer $100k personal loans, you’ll need excellent credit and a high income to have a shot at approval. If you barely meet the lender’s minimum credit score for approval (usually 660 or higher for lenders that offer large loans), you may not qualify for a loan size much higher than the lender’s minimum.

You can see your chances of qualifying for a loan of any given size by using WalletHub’s free pre-qualification tool.

To get a loan quickly, apply online with a personal loan provider that is known for fast approval and funding times, such as LightStream. Applying online will ensure the fastest possible application processing time, assuming that all information on the application is accurate and entered correctly. You could get your loan funded within 2-3 business days, if not the same day.… read full answer

Secured personal loans also tend to provide quick decisions, as the collateral they require greatly reduces the lender’s risk. Even people with bad credit can get approved relatively easily. Other ways to get a quick loan include borrowing from a family member or friend, using a credit card or tapping into home equity. There are also some non-ideal options, such as payday lenders, auto title lenders and pawnshops.

How to get a quick loan

1. Apply for one of the quickest personal loans. The quickest personal loan provider, LightStream, can fund and approve loans as soon as the same day you apply. Many other lenders offer funding within 2 - 3 business days. For the fastest timeline, pre-qualify first, apply online, and fill out the application accurately.

2. Apply for a secured personal loan. Secured personal loans require collateral for approval. This ensures that the lender can still recoup its money even if the borrower is unable to repay what they owe. This makes the approval decision easier for the lender.

3. Borrow from family/friends. If you ask a family member or friend to borrow money, it’s possible you could get it pretty much instantly, since they won’t be performing a credit check or making you fill out an application. You should still take time to write down and sign a loan agreement, though.

4. Use a credit card. If you have a credit card, you may be able to charge your expenses if they add up to less than the card’s credit limit. But credit card APRs are expensive, around 19% on average for new offers and around 15% for all existing accounts.

You could also withdraw cash against the card’s credit limit at an ATM, as long as you have a PIN. However, cash advances come with high fees and start accruing interest immediately, so they’re not ideal.

5. Use a HELOC. It takes weeks to get approved for a home equity line of credit, so normally they’re not a quick way to get money. However, if you already have one open, you can use it to get a quick loan any time during its draw period. Keep in mind that a HELOC is secured by your house, so if you can’t pay, the lender can foreclose.

There are a few things you should definitely avoid when trying to get a loan quickly. Don’t go to payday lenders, which lend a small amount of money until your next paycheck comes in. They charge sky-high fees (often a 400%+ APR). Auto title lenders are bad, too, as they charge high fees (up to a quarter of what you borrow) and use your car as collateral. Similarly, avoid pawnshops, as they charge up to 25% interest per month and can keep your items if you’re unable to buy the loan back.