6 Super-Quick “Need Money Now” Online Loans

6 Super-Quick “Need Money Now” Online Loans
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Anna Baluch
By: Anna Baluch
Posted: October 30, 2019
Our popular “How-To” series is for those who seek to improve their subprime credit rating. Our articles follow strict editorial guidelines.

If you need money now, you’re in luck, because quite a few lenders can help – regardless of your credit score. Whether you’re facing an unexpected car repair, medical bill, or any other surprise expense, an online lender can approve you for a loan almost instantly. You’ll get the fast cash you need to get you through this financial roadblock.

Most online lenders can provide an approval decision in minutes and send the funds to a bank account within 24 hours. Below we’ll review six top-rated online lending networks as well as some other quick ways to earn cash.

Loans | Alternatives | FAQs

Best Need-Money-Now Loan Providers

Several lenders can come to the rescue immediately if you need money now. It’s important to consider all your options so you can make an informed decision for your specific budget and lifestyle needs.

MoneyMutual is an online marketplace that makes it easy for you to find the right need-money-now loan. You can be connected to lenders in MoneyMutual’s network in just five minutes after completing its online application.

You can get approved for up to $2,500 and receive the money via direct deposit in as little as 24 hours. Although you’ll need a minimum income of at least $800 to qualify, you can apply with bad credit.

More than 2 million borrowers have used MoneyMutual to help them with their personal loan needs. MoneyMutual’s service is available in all states except for New York.

   
★★★★★

4.7

Overall Rating

Loan Amount Interest Rate Loan Term Loan Example
$500 to $10,000 5.99% - 35.99% 3 to 72 Months

See representative example

If you need a larger loan of up to $10,000, CashUSA.com can help. When you fill out the online form, you can get connected to short-term lenders in its network that offer loans with terms from three to 72 months. Loan amounts are available between $500 and $10,000 with rates ranging from 5.99% to 35.99%.

CashUSA.com does not charge an application fee to connect you to one of its lenders and offers multiple online resources to help you handle your debt and improve your financial situation. As long as you have a monthly income of $1,000 or more after taxes, you can qualify with a lender in CashUSA.com’s network and receive a loan decision in minutes, regardless of your credit score.

CreditLoan has connected more than 750,000 borrowers to lenders since 1998. Its loans range from $250 to $5,000 and you can get cash deposited into your account as soon as the next day.

In addition to connecting you with the right lender, CreditLoan offers lender reviews, banking reviews, interest rate calculators, mortgage information, and a variety of other financial resources.

Bad Credit Loans connects borrowers with poor credit to different loans from various lenders. You can expect a loan amount of anywhere between $500 and $5,000 with an interest rate of 5.99% to 35.99% and loan terms of three to 60 months.

To qualify for a loan from Bad Credit Loans, you must have a regular income, either from full-time employment, self-employment, or Social Security. If approved, you can get your money as soon as the next business day.

PersonalLoans.com is an online loan marketplace that can help you find a loan of up to $35,000. Its lender’s interest rates range between 5.99% and 35.99% with typical terms of three to 72 months.

Although good or excellent credit isn’t required, most of its lenders require you to be financially responsible. If you have no active or recent bankruptcies, patterns of late payments, or debt that can’t be covered by your current income, you can demonstrate that you are a responsible borrower.

PersonalLoans.com is available in every state and can get you the money you need in as soon as one business day.

  • Short-term loan of $100 to $1,000
  • Bad credit is welcomed
  • Large network of lenders
  • Loan decision as fast as a few minutes; funding as soon as next business day
  • Required: Income of $1000+/month and at least 90 days on job
  • Click here for official site, terms, and details.
             
★★★★

3.9

Overall Rating

Loan Amount Interest Rate Loan Term Loan Example
$100 to $1,000 200% - 2,290% Varies

See representative example

CashAdvance.com can connect you to lenders who approve short-term loans of up to $1,000. Its large network of lenders can approve you for a loan in just a few minutes, and you can receive your money the next business day.

While bad credit is welcome, you do need to prove that you have an income of $1,000 a month after taxes and have been on the job for at least 90 days. CashAdvance.com is not available in all states.

Alternative Ways to Make Money Now

If you need money now but don’t want to take out a loan, there other ways you can get the cash you need quickly.

  • Sell Stuff: Look around your home. Do you have books, clothing, electronics, kitchen appliances, and other belongings that you no longer want or need? If so, host a garage sale or list them for sale online on sites like Craigslist, Facebook Marketplace, and letgo. You may be surprised to find that others will value the items that don’t mean much to you.
  • House/Pet/Babysit: It’s highly likely that people in your neighborhood are looking for someone to watch their house, pets, or kids while they’re away. You can create a profile on a site like Care.com or post that you offer this type of service on your personal Facebook account or neighborhood Facebook groups to try to find these types of gigs.
  • Freelance: Are you particularly good at writing, graphic design, proofreading, social media marketing, or another task? Why not pick up some freelance gigs so you can make some extra cash with your skills? You can find freelance gigs by setting up a profile on sites like Upwork.com and Freelancer.com or reaching out to local and national businesses who may benefit from your talent.
  • Deliver Food: Food delivery has increased in popularity in recent years, so feel free to use it to your advantage. You can earn money quickly by delivering restaurant orders for a company like UberEats or groceries for a company such as Shipt.
  • Share Your Home: If you have a spare bedroom or basement that you don’t use, you can rent it out on a site like Airbnb. You can make even more money if you have an upcoming trip planned and find someone to rent out your entire home.
  • Get a Part-Time Job: Whether it’s waiting tables at a restaurant, answering phones at a salon, or checking customers out at a department store, a part-time job can be a good way to earn consistent income for your emergency expense, even if it may take up to a month to get your first paycheck.

With a bit of hard work and creativity, you can get the cash you need now without becoming a borrower.

How Can I Borrow Money Now?

You can borrow money now by taking out a loan. Many online marketplaces can connect you to a lender, even if you don’t have the best credit history. As long as you can show proof of regular income, are at least 18 years of age, and have a valid checking account, they’ll likely be able to connect you to one — or several — lenders.

Online marketplaces can take the time and hassle out of performing your own research and comparing all the options available to you. All you have to do is fill out a short form with your personal and financial information.

You’ll then be connected to the lenders who are willing to loan you money instantly. From there, you choose the loan offer with the best terms and you’ll be redirected to that lender’s website to finish the approval process.

In most cases, your loan will be funded within one day, so you can get the cash you need right away. It’s important to note that since these online marketplaces do not fund the loans themselves, you will work directly with the lender whose loan you select. They’ll provide you with the details of your loan and you will work with them to set up a repayment schedule.

You are not obligated to accept any loan offers you receive. Therefore, it’s a good idea to carefully weigh all your options as well as the pros and cons of each one so you can make the right choice for your unique financial situation.

What if I Need Money Now but am Unemployed?

If you need money now but are unemployed because you recently lost your job, are a homemaker or stay-at-home parent, or are disabled or retired, rest assured — you may still be approved for a loan. Contrary to popular belief, loans are based on your income, not your employment status.

So, if you’re not currently working but can show you have the income you need to repay your loan, approval can be attainable. While they vary from lender to lender, each has income requirements you must meet to get approved for a loan.

For example, you’ll need a minimum income of at least $800 to qualify for a MoneyMutual loan. CashAdvance and CashUSA.com have minimum income requirements of $1,000. These minimum income requirements are based on your income after taxes.

If you don’t have a job, you can demonstrate that you meet these minimum income requirements through your spouse’s income, investment returns, retirement benefits such as Social Security or a 401k, or other forms of income such as unemployment benefits, alimony, or child support.

Keep in mind that if you are unemployed and get approved for a loan, your loan may come with a higher interest rate and shorter repayment period because the lender may determine you to be a riskier borrower than someone who has steady employment.

Credit Scores and Risk

Getting a loan while you’re unemployed can be more difficult than if you do have a job, but it is certainly possible.

Which Loan Company is Best for Bad Credit?

Fortunately, bad credit won’t necessarily stop you from getting approved for a loan. Even if your credit has taken a hit, a personal loan to fund an unexpected expense can be within reach. While it may not come with the best interest rate and most favorable terms, it can provide you with the quick cash you need.

There is no definitive answer as to which loan company is the best for bad credit because everyone has a unique financial situation, debt tolerance, and lifestyle. While one lender may be a good fit for your friend, it may not make sense for you.

MoneyMutual LogoThat said, our top-rated short-term lending network is MoneyMutual. But if you need more than $2,500, CashUSA.com is a great choice for loans of up to $10,000, and consumers of all credit types are welcome to apply.

It’s a good idea to apply with a lending network, like the ones mentioned above, so you can compare all the loan offers that may be available to you. If you receive several offers, look at the interest rates and terms of each one. Do the math and figure out how much you’ll pay over the life of each loan.

Ideally, you’d choose the loan that will cost you the least amount of money, but only you know how much you can afford to pay, and what repayment plan will work best for you.

Although it may be tempting to choose the first loan company you find or the first offer you receive, doing your due diligence and exploring the various options available to you can save you hundreds or even thousands of dollars down the road.

Get Fast Funding with an Online Lending Network

When you need money now, an online lending network may be the key to getting fast cash-in-hand. It can connect you to its network of lenders and help you select the ideal loan offer for your specific situation. Even if you have bad credit, you can receive approval in just a few minutes and funding as soon as the next business day.

By taking advantage of an online lending network’s fast loans, you can take care of your defective brakes, child’s health, leaky water heater, or any other costly emergency that may come your way. Just be sure to use quick online loans with caution, as they are meant to be short-term fixes to your cash shortages, rather than long-term financial solutions.