Please note that the options presented in this blog are based on market research and are not intended as endorsements or recommendations.
We’ve all been there: an unexpected expense pops up, and you need to cover it — fast. Whether it’s a car repair or a medical bill, sometimes you just need cash ASAP.
That’s where same-day loans come in. They offer a quick solution and may provide funds as soon as the same day. But while they’re convenient, they often come with higher interest rates and fees and can lead to a dangerous
borrowing cycle.
Here’s a look at the best same-day loans for 2025 to help you find a fast, reliable option that won’t break the bank.
What is considered a quick loan?
A quick loan is a type of personal loan designed to deliver funds rapidly, often within the same day or by the next business day. The goal of a quick loan is to provide fast cash for urgent needs,
like unexpected expenses or emergencies.
While exact timelines depend on the lender and the borrower's eligibility, a "quick" loan generally means minimal processing time — no long waits, complex paperwork, or extended approval steps. If you're wondering how to get money the same day, a quick loan, or same-day loan, can be the solution for urgent financial needs.
How to get a loan fast
Here are some steps you can take to boost your chances of fast approval.
Check your credit score. Knowing your score helps you find lenders that match your credit profile. Some same-day loan options accept lower scores.
Gather the required documents. To speed up the process, have proof of income, ID, and bank information ready.
Use a loan calculator. Before you apply, use EarnIn's
personal loan calculator to see how various interest rates and loan terms can affect your monthly payments.
Pre-qualify and compare loans. This provides estimated rates without a hard credit check, allowing for easy comparison.
Apply for the loan. To apply for same-day loans, look for fast online loans or credit unions offering quick approvals — some lenders provide funds the same day or next business day.
Where can you get a same-day loan?
While there are many different same-day loans available in 2025, all loans of this type come with risks of high interest rates, hidden fees, and the potential to trap borrows in debt cycles.
With those risks in mind, here are some same-day loans available in 2025.
1. LightStream: Best for home improvement
Who is this for?
LightStream stands out for homeowners because it offers high loan amounts (up to $100,000) without requiring collateral, making it ideal for major renovations. With low rates, flexible terms, and no fees, it’s a hassle-free way to fund upgrades without tapping into your home’s equity.
Loan amounts. $5,000 to $100,000
APR. 7.49% to 25.99%
Credit requirement. Good to excellent (exact score not specified)
Terms. 24 to 240 month
Pros
No fees (origination, prepayment, or late fees)
Low APR, especially for good credit
Fast funding (next business day)
Unsecured loan with no collateral
Cons
2. SoFi: Best for large amount loans
Who is this for?
SoFi works for borrowers with varying credit scores who need a larger loan and appreciate flexible repayment terms.
Loan amounts. $5,000 to $100,000
APR. 8.99% to 29.49%
Credit requirement. None (but higher credit scores will improve chances)
Terms. 24 to 84 months
Pros
No fees (origination, late fees, or prepayment penalties).
Flexible repayment terms.
Access to unemployment protection.
Cons
High APR for lower credit scores.
No specific minimum credit score, but better rates require stronger credit.
Hard credit inquiry upon approval which may impact your credit score.
May require income verification.
3. Rocket Loans: Best for medium-sized purchases
Who is this for?
For borrowers looking to quickly secure a medium-sized loan for things like home repairs, medical bills, or consolidating debt,
Rocket Loans is ideal.
Loan amounts. $2,000 to $45,000
APR. 8.99% to 29.99%
Credit requirement. Minimum 640
Terms. 36 or 60 months
Pros
Receive funds the same day if approved before 1 PM EST
The prequalification process doesn't affect your credit score
Borrow between $2,000 and $45,000, suitable for medium-sized expenses
Cons
Origination fees May apply and can be up to 9%
Loan terms are limited to 36 or 60 months, which may not suit those seeking flexibility
APRs can climb to 29.99% depending on your credit score
4. OneMain Financial: Best for easy approval
Who is this for?
Loan amounts. $1,500 to $20,000
APR. 18.00% to 35.99%
Credit requirement. None specified; flexible with lower credit scores
Terms. 24 to 60 months
Pros
Cons
Interest rates range from 18% to 35.99%, which is higher than some other options
Depending on your location, an origination fee of up to 10% of the loan amount may apply
Application requires a hard credit pull, which can impact your credit score
Loans cap at $20,000, limiting options for larger purchases
5. Upstart: Best for bad or no credit
Who is this for?
Upstart is a potential option for
borrowers with poor credit looking to apply for same-day loans.
Loan amounts. $1,000 to $50,000
APR. 7.8% to 35.99%.
Credit requirement. 300 minimum
Terms. 36, 60, or 84 months
Pros
Considers education and job history, ideal for low or no credit
Pre-qualifies with a soft inquiry
Competitive APR for good credit
Cons
6. PenFed Credit Union: Best for small loans
Who is this for?
This same day loan option would appeal most to
borrowers looking for small, affordable loans without high fees, especially those comfortable with joining a credit union.
Loan amounts. $600 to $50,000
APR. 8.99% to 17.99%
Credit requirement. Typically fair credit (minimum score 580 recommended)
Terms. 12 to 60 months
Pros
Cons
7.
Who is this for?
Loan amounts. $1,000 to $50,000
APR. 9.99% to 35.99%
Credit requirement. Fair credit (minimum score of 580)
Terms. 24 to 84 months
Pros
Cons
8.
Who is this for?
Discover is suited to borrowers with good to excellent credit who value great customer service and flexible loan terms.
Loan amounts. $2,500–$40,000
APR. 7.99%–24.99%
Credit requirement. 660 minimum
Terms. 36–84 months
Pros
Cons
The best same-day loans: A comparison
Here's a quick comparison of top lenders to help you find the best same-day loan options.
Lender | Loan Amounts | APR | Credit Requirement | Terms | Fees |
LightStream | $5,000 to $100,000 | 7.49% to 25.99% | Good to excellent (unspecified) | 24 to 240 months | No fees (origination, prepayment, or late) |
SoFi | $5,000 to $100,000 | 8.99% to 29.49% | None (higher score improves chances) | 24 to 84 months | No fees (origination, prepayment, or late) |
Rocket Loans | $2,000 to $45,000 | 8.99% to 29.99% | Minimum 640 | 36 or 60 months | Origination fees up to 9% |
OneMain Financial | $1,500 to $20,000 | 18.00% to 35.99% | None specified; flexible with lower scores | 24 to 60 months | Up to 10% fee depending on location |
Upstart | $1,000 to $50,000 | 7.8% to 35.99% | Minimum 300 | 36, 60, or 84 months | Late fees apply |
PenFed Credit Union | $600 to $50,000 | 8.99% to 17.99% | Typically fair (580 recommended) | 12 to 60 months | No origination or prepayment fees |
Upgrade | $1,000 to $50,000 | 9.99% to 35.99% | Fair credit (580 minimum) | 24 to 84 months | Origination fees (1.85%-9.99%) |
Discover | $2,500 to $40,000 | 7.99% to 24.99% | Minimum 660 | 36 to 84 months | No origination fees |
Quick loans to avoid
While quick
loans like payday, pawn shop, car title, and high-interest installment loans offer almost instant cash, they often come with high fees and steep interest rates. Here’s why it’s wise to approach these options cautiously.
Payday loans are short-term, high-interest loans due on your next payday, often with
an APR of 300% or higher. Repayment could be challenging, creating a cycle of debt.
Pawn shop loans let you borrow against valuable items, but failing to repay on time means you lose the item — along with any equity you had in it. This has the potential to set you back further than where you started.
Car title loans use your vehicle as collateral, so missing payments could result in losing your car, making it a risky choice.
High-interest installment loans promise fast cash but might come with exorbitant APRs and lengthy repayment terms that can trap you in expensive debt.
Whenever possible, avoid these
types of loans, as these quick loans can quickly lead to mounting debt that’s difficult to escape.
Alternatives to quick loans
Earned Wage Access (EWA) apps. Apps like EarnIn allow you to access up to $750/pay period of your paycheck in advance. EarnIn does not charge interest or require mandatory fees.
Buy now, pay later (BNPL) apps. For purchases you can’t delay, BNPL apps like Afterpay and Klarna offer zero-interest payment plans if you stick to the schedule, helping you spread payments over weeks without added costs.
Hardship programs. Many banks, lenders, and utilities offer
hardship programs that defer or reduce payments — sometimes for up to 12 months — giving you breathing room to cover urgent expenses.
Get cash quickly with EarnIn
EarnIn is here to make payday easy. Why pay high fees for same-day loans when
EarnIn lets you access up to $150/day with a max of $750 between paydaysor $750/pay period — interest-free with no credit checks and no mandatory fees? Get your cash in minutes
, avoid costly loans, and discover the power of everyday payday.
Plus, EarnIn’s Free Credit Monitoring tool lets you keep an eye on your credit score, so that if you do need a same-day loan, you have a better idea of which options you qualify for.
