Quick cash loans are the most convenient way of borrowing small or large amounts of money to deal with financial emergencies, such as sudden travel bookings, unexpected car breakdowns, urgent home repairs, etc.
After all, you can take out quick cash loans online from CocoLoan and get funded as early as the next day after securing approval. They are also ideal for those borrowers who may be unable to secure funding from traditional lenders like banks or credit unions because of a bad credit score.
So, we decided to put together a list of our top 10 best lending sites that can enable you to borrow quick loans in a pinch, no matter what your credit score may be.
1. CocoLoan – High loan approval rates for quick cash loans
2. WeLoans – Wide lending network to choose from
3. HonestLoans – Competitive loan rates and terms for bad credit
4. UnityLoan – Speedy online loan processing
5. iPaydayLoans – Simple and straightforward application process
6. US Installment Loans – Best for larger loans up to $35,000
7. US Bad Credit Loans – Best overall for bad credit borrowers
8. US Title Loans – Multiple loan products available
9. Fast Title Loans – Flexible repayment terms
10. CreditNinja – Highly reputable lending service
We also went a little deeper by diving into our top 5 picks to help you figure out which one is best suited to your financial situation. So, let’s get started!
1. CocoLoan
CocoLoan is an online credit broker service with a lending network that is well-known among borrowers for having one of the highest approval rates for online loans. This is primarily because their partner lenders will usually look at a wide variety of factors aside from just your credit score.
Some of these main considerations will include your employment status, income level, debt-to-income ratio, etc. According to Sarah Ross, the co-founder of CocoLoan, “We believe that restricting a potential borrower’s access to financial assistance solely based on their credit score is a distorted way of determining their true capacity to repay a loan.”
The lending service is also free to use and remains accessible 24/7, so borrowers can conveniently apply for a quick loan at any time of the day. Plus, all approved loans will usually be deposited by the next business day, which makes it a great choice for those in need of fast cash.
Pros
- High approval rates
- High loan amounts
- Speedy loan processing
Cons
- High interest rates
2. WeLoans
WeLoans has one of the largest loan networks in the market, as they are partnered with over 100 lenders, most of whom offer a wide variety of loan products. Some of these include; payday loans, installment loans, quick loans, bad credit loans, and more.
They are also open to accepting loan requests from borrowers with bad credit, and since they have such an extensive loan network, you are very likely to secure the funding you need.
When it comes to borrowing limits, consumers can apply for loans anywhere from as low as $500 to as high as $35,000, with all approved funds deposited within 24 hours. Most of the loans on offer are unsecured, which means that you won’t need to put up any collateral, either.
The online site is also easy-to-navigate and they also utilize 256-bit data encryption protocols to protect all your personal and financial information. WeLoans also does well to ensure that all the lenders it partners with are fully screened and vetted.
This means that you won’t ever have to deal with any unscrupulous or predatory lending practices from any of the loan providers that you are matched with on this site.
Pros
- Extensive lending network
- Multiple loan options
- Well-vetted lenders
Cons
- High late repayment fees
3. HonestLoans
HonestLoans is an online credit broker that is well-suited for borrowers looking to secure competitive interest rates and terms. They have a lending network that spans 80+ loan providers, all of whom are licensed and can be relied upon to provide access to loans of up to a maximum of $5,000.
Moreover, their partner lenders are open to reviewing applications from borrowers with a history of bad credit, and it doesn’t take much to qualify for funding either. All you need to do is ensure that you are at least 18 years old, have a steady source of income, are a US citizen, and have an active bank account.
In addition, their lending network only performs soft credit checks on all initial loan requests. This means that there is zero chance of your credit score being negatively impacted in the process.
And if you do manage to get approval for a loan, you can expect the funds to be transferred to your account within the same day.
Pros
- Competitive loan rates and terms
- Easy to qualify
Cons
- Limited loan amounts
4. UnityLoan
When it comes to fast loan processing, UnityLoan is the top choice, as their entire application process is automated. This means that once you submit a loan request, you will only need to wait a few minutes to receive a decision.
Borrowers can access loan amounts of up to $5,000, with all approved funds deposited in just a matter of hours. UnityLoan is also open to borrowers of all credit types, and you don’t need to put up any collateral either.
The service is also free to use, so you don’t have to worry about dealing with any hidden costs or fees. In addition, Unity Loan also has a strict privacy policy that ensures all your personal and financial information will never be sold to or accessed by any unauthorized third parties.
However, it is important to keep in mind that there is no guarantee you will be able to secure the loan amount that you initially requested. The lower your credit score and income level are, the less you will typically be able to borrow.
Pros
- Instant loan reviews
- Open to borrowers with bad credit
Cons
- Low loan limits
- Loan amounts not guaranteed
5. iPaydayLoans
iPaydayLoans offers borrowers one of the easiest ways to access funding online through a simple loan application process that takes only a few minutes to complete. All you need to do is fill out the online application form with a few personal and financial details.
Within minutes, you will receive a decision on your loan application, and if approved, you can expect the funds to be transferred in less than 24 hours. On top of that, iPaydayLoans does well to cater to bad-credit borrowers by extending its loan limit by as much as $10,000.
This makes it ideal for those looking to access quick loans for large amounts with a low credit rating. And given that the platform is completely free to use, any first-time borrower can explore what credit options are available to them without making any financial commitment.
iPaydayLoans also comes with a reliable and responsive customer support team that makes it easy for first-time borrowers to receive any help that they may need.
Pros
- Easy loan application process
- Reliable customer support team
Cons
- High interest rates
