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Best Same-Day Loans With Low-Interest Rates
Online loans allow you to borrow money almost instantly, but not all of them suit your financial needs. BadCredify made a list of the best same-day loans in 2025 to help you compare your options. All you need to do is select a suitable lender, choose the needed loan amount, and complete the loan application form.
Now, same-day loans are more accessible than ever before! BadCredify is here to help you with all the necessary information about borrowing money and the fastest financial assistance!
5 Best Same-Day Loans In 2024
- Be at least 18 years old
- Prove your US citizenship or permanent residence
- Provide your bank account information
- Show your monthly income by providing pay stubs, tax forms, or bank statements
- Provide an active email address and phone number
- Origination fees up to 12%
- $15 late fee
- $15 NSF fee
- Quick access to loan funds
- No prepayment penalties
- Flexible monthly payments
- Soft credit check when prequalifying
- Flexible loan amounts
- Origination fees up to 12%
- High maximum annual percentage rate
- Co-signers aren’t allowed
- Hard credit checks for final approval
- Limited repayment loan terms
One business day (same-day funding available)
Poor credit borrowers who can’t qualify for traditional personal loans
Upstart is a financial platform that enables borrowers with low credit to get personal loans with flexible payback options. Its key advantage is same-day funding.
Upstart does not do hard credit checks when you prequalify. In addition, customers can apply in the morning and receive their personal loan by the end of the day.
- Quick funding (same-day deposit available)
- Available to borrowers with poor credit
- Soft credit checks when viewing your rate
- Be at least 18 years old
- Prove your US citizenship or permanent residence
- Live in states the company operates in
- Provide your bank account information
- Show your monthly income by providing pay stubs, tax forms, or bank statements
- Provide an active email address and phone number
- No fees for loan processing, late payments or prepayment
- Quick access to loan funds
- No prepayment penalties
- No origination and late fees
- Flexible monthly payments
- Reports on-time payments to credit bureaus
- Borrowers with any credit can qualify
- High interest rates
- Small loans amounts
- Hard credit checks are performed
- Not available in all states
One business day (same-day funding not available).
Poor credit borrowers who can’t qualify for traditional personal loans
Rise gives a credit boost to borrowers with low ratings by reporting payments to two major credit bureaus. Fast funding and lenient requirements are overshadowed by high rates.
Rise does not conduct traditional credit checks on its clients. Instead, it looks at applicants’ overall financial situation. Customers can also apply in the morning and obtain their personal loan before the end of the day.
- Quick funding
- No origination fees
- Soft credit checks performed
- Be a U.S. citizen, a permanent resident, or living in the U.S. on a valid visa
- Be at least 18 years old (19 in Alabama and some other states)
- Give a working email address
- Provide valid bank account details
- Confirm a sufficient monthly income to cover your loan payments
- Origination fees: 1.85% to 9.99%
- Late payment fees: $10
- Non-sufficient funds fees: $10 per payment returned
- No prepayment penalties
- Multiple rate discounts
- Next-day funding
- The due date may be changed
- Direct payments for debt consolidation
- APRs may be high
- Origination fees are charged
- Late fees may be applied
As soon as one business day after clearing verification
Fair-credit borrowers who need the money quickly
Upgrade is an online financial service that offers up to $50,000 loans to borrowers with good to fair credit. It provides several interest rate reductions and allows you to add a co-applicant or collateral to your application. Choose it if you need money quickly and are not concerned about relatively high interest rates.
Upgrade offers convenient maximum and minimum loan amounts along with flexible repayment terms. It also accepts fair credit borrowers and provides several interest rate discounts.
- Rate discounts for auto pay, direct payment, and reward checking
- Allows to add a co-applicant
- Mobile app for managing your loan
- At least 18 years also
- Permanent US resident
- Income confirmation
- Valid bank account or debit card.
- Origination fees: 1% to 10%, or $25 to $500, depending on the state
- Late payment fees: $5 to $30, or 1.5% to 15% of your loan amount
- Non-sufficient funds fees: $10 to $50 per payment returned
- Joint and secured loans are available
- Wide range of loan options for low credit
- Pre-qualifying doesn’t affect your credit score
- Convenient options for debt consolidation
- Relatively high interest rates
- Charges origination fees
- APRs are not disclosed when pre-qualify
- Not available in all states
Within one business day of approval via a direct deposit. Funding within several hours may be offered if you receive the funds on your debit card.
Borrowers with credit issues who want to avoid predatory lenders.
OneMain Financial is a reliable financial service that offers personal loans between $1,500 and $20,000 without minimum credit score requirements. With its joint applications, flexible repayment terms, and soft credit checks for pre-qualifying, it can suit borrowers with bad credit. Interest rates are usually high, though.
The company offers a wide range of secured, unsecured, and joint loan options with flexible repayment terms. Its personal loans are available to underbanked borrowers.
- Direct payment to creditors for debt consolidation
- Loan cancellation within 7 days
- Fast funding
- Be at least 18 years old
- Prove your US citizenship or permanent residence
- Provide your bank account information
- Show your monthly income by providing pay stubs, tax forms, or bank statements
- Have fair credit (at least 640)
- Provide an active email address and phone number
- Origination fees of up to 9%
- $15 late fee
- $15 NSF fee
- Low annual percentage rate
- No prepayment penalties
- Wide range of available loan amounts
- Same-day funding under some circumstances
- Accessible for fair credit borrowers
- High origination fee (up to 9%)
- Hard credit checks when you select your loan to move forward
- No cosigners are allowed for joint loans
- It is not available in all states
- Limited repayment options set at either 36 or 60 months
One business day (same-day funding available)
Fair credit borrowers who need to cover various personal needs
Rocket Loans is a financial platform that allows bad credit borrowers to get personal loans with flexible repayment terms. The potential same-day funding is its main advantage and there is only a soft credit check performed during the prequalification process.
Rocket Loans has low APRs and no hidden fees. Also, consumers may apply earlier in the morning to receive the personal loan by the end of the same day.
- Easy loan application process
- Fast funding
- Low interest rates
What are Same-Day Funding Loans?
A same-day funding loan is a financial product you can get by the end of the day you apply. For example, if you apply earlier in the morning and receive a quick loan approval, the lender might transfer the money in the evening. It’s not a usual practice, but you can find specific lenders that could help you get a fast solution for your financial needs.
How Can I Use a Same-Day Loan?
Same-day loans can be a great solution for people who face various emergency needs. People usually use them to cover a wide range of unexpected expenses that require to act quickly. Here are some common same-day loan uses:
How to Get a Loan on the Same Day?
To get a loan on the same day, try to complete an application process before 10 AM on weekdays. Some lenders may also offer faster deposits to your debit card, but not all loan providers allow such money transfers.
To speed up the process, choose the lenders who perform only soft credit checks and have simple eligibility criteria. Then, apply online and wait for the answer. If you aren’t sure about the funding times, ask the lender about them. In some cases, loan providers offer instant funding for borrowers who apply for a loan in a store. Therefore, finding a lender with a physical branch in your area may be beneficial.
Same-Day Loan Rates and Terms
On average, same-day loans can cost you between 5.99% and 35.99% per annum. The exact APR you get depends on your credit score, financial situation, the lender, and state you apply in. Borrowers with bad credit tend to get higher interest rates, with some options exceeding 200% in APRs.
Your repayment period is another factor that affects the total amount you will pay to a lender. By spreading your loan payment over a longer period, you accumulate more interest over time, which results in a higher total debt cost.
Representative Example
Suppose that you’re going to borrow $5,000. Let’s take a look at how your final loan cost will change depending on the APR and the repayment term:
| APR | Loan Term | Monthly Payment | Total Cost |
|---|---|---|---|
| 7.4% | 6 months | $851.41 | $5,108.47 |
| 7.4% | 18 months | $294.33 | $5,298.02 |
| 12.8% | 6 months | $864.72 | $5,188.32 |
| 12.8% | 18 months | $306.77 | $5,521.89 |
| 16.99% | 6 months | $875.11 | $5,250.67 |
| 16.99% | 18 months | $316.63 | $5,699.28 |
Interest rates are always subject to approval. The advertised rates provided on the table may differ from the APRs offered to you by a particular lender. Fill out our simple form to access your personalized terms and use our loan calculator to determine the total cost based on the conditions offered.
Loan calculator
ESTIMATED MONTHLY PAYMENT
TOTAL LOAN AMOUNT PAID
TOTAL INTEREST PAID
TOTAL COST OF LOAN
Can I Get a Same-Day Loan with No Credit Check?
Yes, getting a same-day loan with no credit check is possible, but only if you find a lender that performs only soft credit checks. It may be challenging to find them, but you can do it by googling available loan providers in your area. Ensure you ask for all the needed information about checking your credit report. Some lenders only perform a soft credit check when you prequalify and still run a hard pull once you move forward and submit the final application.
Types of Same-Day Loans
Not all same-day loans are the same. BadCredify outlines the most common types of same-day loans you may get when extra cash is needed:
Payday Loans
A payday loan is a small-dollar loan that you usually return on your next payday. Payday lenders often don’t check your credit ratings or capacity to repay the loan. It might help you get approved even if your credit is poor. However, getting payday loans online might cost you a lot. According to the Consumer Financial Protection Bureau, these loans have costs that can equate to APRs of almost 400%. With a payday cash loan, you can borrow from $100 to $1,000 with a maximum repayment term of 30 days.
Installment Loans
An installment loan is a medium-term financial product you may get to cover more significant expenses. Unlike payday loans that are repaid in one lump sum, installment loans require you to make fixed monthly payments. The repayment terms of an installment loan may reach 60 months, and the maximum loan amount is $50,000.
Same-Day Personal Loans
Same-day personal loans are perfect for debt consolidation, home improvements, or other significant expenses you can’t afford with other loan types. A personal loan is similar to an installment loan because it is repaid with fixed monthly payments during a more extended repayment schedule. Their terms may reach 84 months. Borrowers may get from $5,000 up to $100,000. Personal loan APRs usually don’t exceed 35.99%.
Title Loans
A title loan is another small-dollar, high-interest loan that uses your automobile as collateral to secure the loan. In exchange for a portion of your vehicle’s cost, the lender gets your automobile title. You receive your title back after you repay the debt.
According to the CFPB, the average title loan amount is roughly $700, and an APR can be up to 300%. Over half of those who take out title cash loans become repeat borrowers, and 20% of them lose their cars.
Pawn Shop Loans
Getting a pawn shop loan requires you to bring a valuable object (jewelry, watches, souvenirs, etc.) in exchange for money. You may receive your collateral back if you repay the loan on time. The pawn shop may sell it to recoup the losses if you don’t.
Same-Day Loan Alternatives
Here are the most common alternatives to a same-day loan:
- Apply for help from non-profit organizations or community services.
- Try a repayment plan for repaying medical bills.
- Ask your employer for a paycheck advance.
- Use the “Buy Now, Pay Later” options for purchases.
- Borrow money from your friends or family members.
Why Choose BadCredify
BadCredify is an independent company that helps people navigate the borrowing process and stay on top of their finances. Our platform provides various loan offers from trusted lenders to help you find the best option for your current situation. With us, you can complete one basic form and get multiple offers from the loan providers who are ready to work with you. Then, simply compare their terms and choose the option that fits you most.
If you’re new to borrowing or don’t know what loan option you should choose, our expert guides are always at your service. Our team of professionals strives to make the entire process simple and streightforwad for you by providing practical financial advice, debt management tips, and ultimate guides on various borrowing products. We also create independent lender reviews to help you better understand whether the loan provider suits you. Start now and get your personalized loan offer today without any impact on your credit score.
Frequently Asked Questions
Are same-day loans safe?
Yes, if you borrow same-day loans from a trustworthy lender and repay them on time to avoid further financial issues.
How fast will I receive approval for my loan?
It all depends on the lender’s workload. But usually, it takes up to one hour or less.
Is a same-day loan without a hard credit check beneficial for me?
Yes, because the soft credit check won’t affect your credit score. However, it may not suit you if you’re looking for an option that helps build credit since your on-time payments are not reported, either.
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