To borrow money immediately, the most popular options are personal loans, cash advances online, payday loans, pawn shop loans, and banks or credit unions. Avoid quick loans with no credit checks, as some lenders target borrowers with bad credit to exploit their need instead of giving them an affordable way to borrow money.
You can borrow money quickly by using online lenders like CreditNinja. We offer same-day approval and fast funding, even if you have bad credit. Platforms like ours specialize in quick cash solutions with minimal paperwork and no long wait times.
With that said, if you’re facing an emergency like car repairs, medical bills, or an overdue utility payment, you need money fast without jumping through hoops. We get it, it’s stressful. That’s why this guide covers lenders who prioritize speed, flexibility, and accessibility, even for those with low credit or no savings.
What Is a Quick Loan?
A quick loan is a lending option that usually makes funds available within a few days, sometimes even as soon as 24 hours. Those facing unexpected emergencies like car repairs, home repairs, and medical bills, are likely considering quick loans.
CreditNinja has been helping borrowers access and learn about quick loan options since 2018. We are transparent about these products, including potential downsides. We also help consumers understand the basics of financial literacy, especially in the loan space. We often cover topics like loan approval, credit history, credit score, and the different funding options that are out there for good and bad credit borrowers.
What Are Possible Uses for Instant Online Loans?
Here are some common uses for instant online loans:
| Debt Consolidation | Home Renovation | Car Repairs |
| Paying off credit cards, past-due bills, monthly utilities, and other expenses to get your budget on track or improve credit. | Paying off credit cards, past-due bills, monthly utilities, and other expenses to get your budget on track or improve credit. | New tires, oil changes, brake work, battery replacement, catalytic converter issues, ignition coil replacement, fuel cap replacement, radiator replacement, etc. |
| Medical Expenses | Emergency Travel | Other Emergency Expenses |
| Hospital visits, doctor visits and co-pays, prescriptions, glasses/eye care, dental work, etc. | Last-minute plane trips or travel expenses when you need to get somewhere now. | Bills, surprise expenses, and just about anything else life can throw at you, CreditNinja has you covered! |
Loans To Borrow Money Immediately
There isn’t just one kind of fast cash option out there, which can be helpful, as finances and needs can vary from one person to another. Here are some fast cash options you should know about:
Personal Installment Loan
Personal installment loans or simply, personal loans, are lending options that can be used for almost any expense—they also come with various terms and loan amounts.
Something to consider is some lenders may be very strict about loan approval; if you don’t have the best credit report, it may be challenging to get approval. On the other hand, several lenders work with poor credit, such as CreditNinja. Regardless of where you decide to get your personal loan from, CreditNinja recommends these options over payday loans.
Credit Card Cash Advance
Credit card cash advances allow users to borrow from an existing credit card in the form of cash. These options can be convenient if you need cash sooner than 24 hours; if you already have a credit card you can use, you just have to head to an ATM.
CreditNinja wants you to consider that, usually, your credit card cash advance limit is much lower than your credit card limit, and you’ll pay interest on the transaction—usually higher than the rate for credit transactions which begins to accrue immediately. If you need cash quickly consider alternatives like same-day personal loans or borrowing from friends or family.
Payday Loans
Payday loans are short-term fast cash options that many borrowers with poor credit turn to when they need a few hundred dollars. While there are lenders that offer “instant approval”, this will likely be coupled with extra costs and short repayment.
Payday loans may seem convenient and potentially the only option if you don’t have great credit history or credit score. CreditNinja wants you to know that there are alternatives that can make repayment much easier. These loans are notorious for leading to a cycle of debt, and that is one reason why we don’t offer them. However, our personal loans are alternatives that can be just as quick and flexible, with more manageable repayment.
Credit Union Loan
This is a loan that is offered by a credit union (a not-for-profit depository institution). Members may be able to get a good deal, however, like banks, loan approval can be tough—and of course, you have to be a member to qualify. Not to mention that credit unions may be a little less tech-savvy when compared to online lenders and even most banks, so potentially not the best option for quick cash loans.
How To Get A Same-Day Quick Emergency Loan
Getting a quick emergency loan involves a few steps, and you’ll need some personal information about yourself and your finances. In most cases, emergency loan applications take a few minutes, as they are meant to be fast. Here are the typical steps to getting an emergency loan:
- Gather Your Basic Information — Most lenders are going to need a government-issued photo ID and bank account numbers along with basic info like your name and address. Get your documents together before you apply to make the approval process go even faster.
- Research Lenders and Loan Types — Check out a few lenders online and see what kind of products they offer. You may also want to look at some customer reviews to see what kind of experience other people had with various lenders when borrowing money.
- Submit an Application — Once you find a lender that’s a good fit, fill out an application. Once approved, review your rates and terms and ask your lender to clarify anything that doesn’t make sense.
- Sign Your Contract and Get Paid — After carefully reading over your contract, sign it and receive your money! Most lenders allow borrowers to opt for direct deposit, which allows lenders to transfer funds quicker so borrowers receive their cash as soon as possible.
CreditNinja does offer emergency loan options for borrowers who don’t have a great credit score, our loans work well as a payday loan alternative. Everything can be done online, in just a few steps!
Quick Loans For Bad Credit
While some loans like mortgages require good credit, quick cash loans can be more flexible. Those with poor credit can still get loans, depending on the lender and their requirements. Instead of focusing on credit score and credit history, lenders look at income and ability to repay to determine eligibility for loan funding.
However, because of the risk that these lenders are taking with credit approval, they will have higher interest rates.
CreditNinja specializes in bad credit loan options that can be a better alternative to some shorter fast cash loans. You’ll have more time to repay and can do so while managing both your short-term and long-term budget.
Why Choose CreditNinja for Your Quick Online Loan
CreditNinja has been helping bad credit borrowers get access to fast and manageable funding since 2018. Customers prefer our personal loans over other fast cash options like payday loans because our loans offer longer repayment, flexibility, ease, and excellent customer service.
Here are some benefits to look forward to:
| Easy To Apply | Same Day Funding | Low Credit Support |
| You can apply for our loans online in just a few simple steps. | Once you receive loan approval, you could have the personal loan funds as soon as the same day.* | Even with a low credit score, you could get the funding you need with an unsecured personal loan. There is no minimum credit score requirement. |
| Direct Deposit | Find out if you qualify Fast | Get your money quickly |
| Approved loan funding can be sent straight to your checking account via direct deposit. | Once you fill out a loan application, we’ll let you know about approval quickly! | We offer same-day funding—perfect for those emergency expenses. |
How Do CreditNinja Loans Work?
The process with CreditNinja is extremely fast and easy. You can apply online by simply answering a few questions about yourself and your income. If approved, once you sign for your loan, your money may be directly deposited on the same day.* Here are some qualities of our loans you should know about:
| Apply online fast & easy | Income Verification | Same-Day Availability |
| You can apply online with just a few simple steps and in just a few minutes. | We’ll verify your income to ensure that you can repay your personal loan. We’ll focus more on this than credit history, credit score, or your credit report. | Once approved, funds can be made available on the same day.* |
What CreditNinja Loan Customers Are Saying
Here are some reviews from real customers who have benefited from using our loans when they needed to borrow money immediately:
| The whole process was so quick and easy. Fast decision and the funds were deposited first thing in the morning. – Rosalinda Mariano | Very quick and easy to apply second time getting a loan with them and both times have been an easy process thank you! – Marlene Perez | This was a very easy process filled out all required information and had my loan in no time. Very fast and easy process. – Sherrie Hobgood |
FAQs
Is Paperwork Needed to Borrow Money Now?
No, extensive paperwork isn’t always needed to borrow money now, especially with online lenders. However, you’ll typically need to provide basic information like a valid ID, your current address, proof of income or employment, and sometimes your bank account details for deposit and automatic payments.
How Quickly Can I Get A Loan?
On average, personal loans take up to a week from application to funding. However, online lenders can be much faster. When working with CreditNinja, personal loans are available on the same day!*
Does Borrowing Money Affect My Credit Score?
Borrowing money can impact your credit score, and at CreditNinja, we want you to feel confident about how. On the upside, making on-time payments can help build or improve your credit history. However, missing payments or taking on too much debt could lower your score over time. You can ask your lender what credit bureaus they report to.
Can I Borrow Money Without a Credit Check?
Yes, there are no credit check loans available, and they can be convenient for borrowers with a low credit score. However, they usually come with extremely high interest rates and a very short repayment period. CreditNinja recommends alternatives even if they include a credit check.
What Are the Interest Rates for Fast Loans?
Interest rates for fast loans depend on the financial institution along with the borrower’s credit score and credit history. CreditNinja’s loans are highly competitive for bad and fair credit borrowers.
Is there anything I can’t use my loan for?
While you have flexibility with a CreditNinja loan, we advise against using your loan for illegal activities, gambling, or investments that carry high risk. If you’re unsure, our team is here to help guide you toward responsible borrowing.
What Are the Eligibility Requirements to Borrow Money Instantly?
The basic requirements for a payday loan are a source of income, a checking account, and valid identification. Borrowers must be at least 18 years old
Can I Borrow Money Immediately Without a Bank Account?
While it is possible to get a quick cash loan without a bank account, it may be difficult to find a lender that’s willing to work with you. It may be more likely to get a credit card cash advance. Most online lenders require a checking account to consider you for approval, but some online lenders do not.
Still have Questions? Contact CreditNinja Today
At CreditNinja, our loans are designed to help with life’s essentials—like unexpected expenses, bills, or emergency repairs, just a few of the reasons that people reach out to us. If you need to borrow money immediately, we can help! Get in touch with us by calling 855-646-5201.
Popular Questions