Grace Enfield, Content Writer
@grace_enfield
The best instant, small personal loans are from PenFed Credit Union, which gives an instant decision on most applications, funding within 1 - 2 business days after approval, and loans as small as $500 with an APR as low as 8.99%. You need a credit score of at least 600 and membership in the credit union to qualify. Anyone can join for free, though.
There aren’t any major personal loan providers that offer instant funding on their small loans, but there are several lenders that fund loans within a few business days.
Best Small Personal Loans with Fast Funding
| Lender | Minimum Dollar Amounts | APRs | Funding Timeline |
| $500 | 8.99% - 17.99% | 1 - 2 business days | |
| $300 | 35.95% - 35.99% | 1 - 2 business days | |
| $500 | 160% - 195% | 1 - 3 business days | |
| $1,000 | 8.14% - 24.99% | 1 - 2 business days | |
| $2,000 | 9.95% - 35.99% | 2 - 3 business days | |
| $1,000 | 7.99% - 35.99% | As soon as the next business day | |
| $5,000 | 7.44% - 25.79% | As soon as the same day - 2 business days |
For more information about the top-ranked offers, check out WalletHub’s picks for the best small personal loans overall and estimate your potential rates with our free pre-qualification tool.
People also ask
What are the easiest loans to get approved for?
The easiest loans to get approved are loans that don't require a credit check such as payday loans, pawnshop loans, car title loans, and personal loans with no credit check. These types of loans offer quick funding and have minimal requirements, so they’re easy to get even for people with bad credit.
Below, you can compare some of the easiest personal loans to get approved for right now.
Easy Personal Loans to Get Approved For
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