9 Quick Cash Loans for Bad Credit (Feb. 2024)

Quick Cash Loan

Finding quick cash loans online may take less time than you think. With our favorite online lending networks, you can submit a five-minute loan request and possibly receive multiple loan offers delivered to your email inbox within minutes.

Whether you need a quick cash loan, a longer installment loan, a cash advance, or any other form of short-term loan, you can find an online lender that’s willing to work with you — even if you have a bad credit score.

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Best Overall Quick Cash Loan Online

We’ve long considered MoneyMutual our favorite lending network because it’s the easiest and fastest place to get a personal loan regardless of your credit history. This network specializes in small loan options with flexible repayment terms for every borrower.

  • Short-term loans up to $5,000
  • Online marketplace of lenders
  • Funds available in as few as 24 hours
  • Simple online form takes less than 5 minutes
  • Trusted by more than 2 million customers
  • See official site, terms, and details.


Overall Rating

Loan Amount Interest Rate Loan Term Loan Example
Up to $5,000 Varies Varies

See representative example

You can complete your entire loan application in less than an hour and have your loan proceeds deposited into your bank account by the next day. That’s as close to an instant loan as you’ll find online.

More Quick Cash Loans You Can Get Online

The lending networks listed below partner with direct lenders specializing in fast cash loan products for consumers who have bad credit. You may qualify for a same-day loan or a secured loan that requires collateral for approval.

With either loan option, you can receive a competitive annual percentage rate and loan term, and have your money quickly.

You may qualify for an unsecured loan with terms that beat your local bank or credit union with CashUSA. Even better, every direct lender on this network has more relaxed approval criteria when compared with your hometown financial institution. That means easier approvals and a quick loan application process.

Your quick loan will require a credit check for approval. If you opt for a payday loan or cash advance loan, be sure you fully understand how the interest rate and other fees are charged to avoid a debt spiral for a small loan.

  • Quick loans up to $5,000 as soon as tomorrow
  • Submit one form, get multiple options
  • All credit ratings welcome — good or bad
  • Requires a checking account and $800 minimum monthly income to apply
  • No collateral or cosigner required
  • See official site, terms, and details.


Overall Rating

Loan Amount Interest Rate Loan Term Loan Example
$250 to $5,000 Varies Varies

See representative example

InstallmentLoans.com is an instant loan network that can preapprove your loan request in a matter of minutes. If you qualify, you may receive an unsecured loan offer from any of the lenders that partner with the network.

Loan amounts vary by lender — as do the interest rates and monthly payment amounts — so be clear on your loan request to make sure you only receive offers that work for you.

Every online lender that partners with CreditLoan.com must prove it is properly trained to work with poor credit consumers. This helps ensure you’ll receive a fair loan agreement.

If you qualify for a bad credit loan, you could have your loan proceeds in your bank account by the next business day. That’s as fast as any online payday loan you’ll find.

Bad Credit Loans makes the application, approval, and repayment process easy on every borrower. With these fast loans, you can connect with a lender within minutes and immediately begin finalizing your loan.

As its name suggests, this network won’t turn you away because of your credit history. It claims that it can typically find loans for borrowers who have been turned down elsewhere.

The PersonalLoans.com network will use the results of your credit check to find the short-term loan that’s best for you. Instead of turning you down because of your bad credit score, this network will scour its large group of partner lenders to find one that can work with you.

That may sound like a long process, but this network can pair you with a fast cash loan in a matter of minutes. That means more time to do the things that matter most to you.

  • Personal loans from $500 to $35,000
  • All credit types are considered and welcome
  • Simple, no credit impact form
  • Helping consumers since 2001
  • 4.7 out of 5 Trustpilot rating with 2,000+ reviews!
  • See official site, terms, and details.


Overall Rating

Loan Amount Interest Rate Loan Term Loan Example
$500 to $35,000 5.99% - 35.99% 60 Days to 72 Months

See representative example

The 24/7 Lending Group can help you get a loan of up to $35,000, but that amount is reserved for applicants with good credit scores. Just as with the rest of the loan networks reviewed here, you can receive your loan funds as soon as the next business day, and some direct lenders may offer expedited deposits for an added fee.

This network has an “Excellent” rating on Trustpilot, where one reviewer wrote, “They are quick to help you get in touch with someone that can help your needs.”

  • Small personal loans starting at $100
  • Receive an approval decision in as little as 2 minutes
  • Funds can be deposited into your account in one business day and used for any purpose
  • No hidden fees
  • See official site, terms, and details.


Overall Rating

Loan Amount Interest Rate Loan Term Loan Example
$100 to $20,000 Varies Varies

See representative example

SmartAdvances.com can help you get a quick loan as small as $100 or you may qualify for as much as $20,000 if you have the credit and income to support such a large offer.

The process is simple: fill out the short form, get prequalified in as little as two minutes, and receive your funds directly into your bank account in one business day.

As its name suggests, CashAdvance.com is a provider of online payday loans, also known as cash advance loans. These short-term loans require repayment in full within seven to 30 days, depending on where you live, and charge interest rates that are more than 15 times that of the average credit card — making them very expensive.

Only consider a payday lender if you need an emergency loan and have no other option. But if you need a loan and have nowhere else to turn, it is easy to qualify for a payday loan with a poor credit score.

What Is a Cash Loan?

A cash loan is a personal loan that pays you cash directly or deposits money into your linked bank account. A cash loan is a short-term loan option that usually requires fast repayment.

Your lender may require a credit check for approval and can pay out your loan proceeds by the next business day. Quick payday loans usually don’t require a credit check, instead providing instant approval based on your income and ability to repay the loan.

The lending networks reviewed above are providers of quick cash loans and longer-term personal loans that allow you to repay your loan over several months or years rather than weeks. You may qualify for either type of loan, depending on your prequalification status.

Fast funding is important when you need an emergency loan, and the networks above can help you obtain quick cash, regardless of past credit difficulties.

How Do I Apply For a Loan Online?

Online lending networks make it easy to apply for a loan at any time of the day or night — and from just about any location in the world. You’ll start by submitting a short loan request to the network. This typically takes less than five minutes to complete.

The network immediately sends your loan request to its partners, which eliminates the need for you to source out multiple direct lenders and submit separate applications to each.

Lender Networks vs Direct Lenders

In a matter of seconds, the lender will process your request and decide whether to extend a loan offer or reject your application. You may receive one or more loan offers, depending on the network you choose to apply to.

There is no obligation to accept any loan offer you receive. If you choose to move forward with a loan offer, the network will forward you to the lender’s website, where you’ll finish the loan agreement.

After you submit the paperwork, the lender will deposit your funds to your linked bank account within one business day. The lender may also use that same bank account to withdraw payment when it’s due — more on that next.

How Do I Make Payments For an Online Loan?

Most online lenders allow you to sign up for automatic payments that directly deduct your monthly payment (or the full lump sum if you chose a payday loan) from a linked checking account or savings account.

This is a great way to “set it and forget it” so you never miss a payment. Some lenders may require automatic payments as part of your loan offer.

Automatic Payments

The lender may require automatic payments from your bank account to fund your loan.

If you don’t opt for automatic payments, you can usually submit an online payment on the lender’s website at your convenience. You may also have the option to call the lender and make a payment over the phone or mail in a paper check or money order.

How Long Does it Take To Get an Online Loan?

The lending networks listed above can preapprove you for a loan in five minutes or less. The amount of time it takes to fully wrap up your loan will depend on the lender you choose to work with.

Most lenders have automated systems that allow you to complete your loan agreement at any time of day or night. Other lenders will only process loans during regular business hours. That means you may have to wait a day or more if you apply for a loan on a weekend or bank holiday.

Once your loan paperwork is complete, you will receive your loan proceeds by the next business day. Some lenders offer expedited processing for an extra fee. This feature can put money in your bank account in a matter of hours, sometimes minutes.

Can a Quick Cash Loan Help My Credit?

It depends on the lender you work with. Payday lenders do not report to the credit bureaus, which means a payday loan cannot help your credit.

But if you choose a longer-term personal loan, the lender will likely report your balance and payment history to at least one credit bureau. As long as you make your monthly payment on time, these payments will help your payment history, which is the most important factor in calculating your credit score.

FICO Factors

A new loan may also help your credit mix, which shows the different types of loans and credit accounts you’ve had and, hopefully, responsibly repaid.

Apply For Quick Cash Loans Online Today

No matter what you need the money for, a lending network is a great place to find quick cash loans online. You can get preapproved within minutes, which is important when you need money fast. And unlike with a bank or credit union, you can likely qualify for an online loan with bad credit.

You can apply for a personal loan, which you can repay over time through a series of monthly payments. This is the best option for taking on debt without sinking your finances.

Or you can choose a short-term payday loan (or cash advance loan) that requires quick repayment in one lump sum and won’t help you improve your credit history.

Both have pros and cons, so consider each loan option carefully before deciding.

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