Grace Enfield, Content Writer
@grace_enfield
The best quick, small loans are from PenFed Credit Union because the credit union offers loan amounts as low as $500 with a funding timeline of 1 - 3 business days. PenFed personal loans also have an APR range of 7.74% - 17.99% and repayment periods of 12 - 60 months. You will have to be a member of the credit union to be eligible for a loan, though anyone can join.
Best Quick, Small Loans
| Provider | Min. Dollar Amount | APR | Funding Timeline |
| $500 | 7.74% - 17.99% | 1 - 3 business days | |
| $500 | 59% - 160% | 1 - 3 business days | |
| $1,000 | 5.99% - 32.24% | 1 - 2 business days | |
| $1,000 | 8.49% - 35.99% | 2 - 6 business days | |
| $2,000 | 7.99% - 35.99% | As soon as the next business day | |
| $2,000 | 9.95% - 35.99% | 2 - 3 business days | |
| $2,000 | 8.99% - 35.99% | 2 - 4 business days | |
| $5,000 | 7.99% - 25.99% | Same day you apply - 2 business days |
To read more about the top-ranked offers, check out WalletHub’s picks for the best small personal loans overall. Then, you can estimate your rates with the free pre-qualification tool on WalletHub.
Quick Small Loans to Avoid
Payday loans
Payday loans are very short-lived and often have fees equivalent to an APR of 400%+. They’re way too expensive to consider.
Auto title loans
Auto title loans offer you a portion of the value of your car. You have approximately 15 to 30 days to repay the loan plus interest. If you don’t pay, then you risk losing your car.
Pawn shop loans
Pawn shops let you bring in your items and get a portion of their value up front. You typically have one to three months to repay the loan, along with interest. If you don’t repay the loan, the shop can keep and sell your items.
2023 Best Quick Loans
Compare offersPeople also ask
What are the easiest loans to get approved for?
The easiest loans to get approved for are payday loans, car title loans, pawnshop loans and personal loans with no credit check. These types of loans offer quick funding and have minimal requirements, so they’re available to people with bad credit. They’re also very expensive in most cases.
Below, you can compare some of the easiest-to-get personal loans available right now.
Easy Loans to Get Approved For
- OppLoans: No credit check. 59% - 160% APR.
- 60MonthLoans: No...
How can I borrow money fast?
The best ways to borrow money fast are to get a personal loan known for quick approval and funding or to charge your expenses to a credit card. Other ways to borrow money fast include drawing from an existing home equity line of credit, borrowing from a friend, or getting a credit card cash advance. It’s also possible, though far from ideal, to borrow money from a retirement account for fast cash.
Fastest Ways to Borrow Money
- Personal Loan From...
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