Top 6 Super-Quick “Need Money Now” Online Loans Of 2021 – Blog
Not everyone who plans their finances carefully can anticipate when they might require money urgently. After all, most people are in the habit of saving just the right amount of money to satisfy their day-to-day needs to have adequate funds to pay for emergencies when they arise.
This is why an increasing number of borrowers are now looking for easy short-term sources of loans that can provide them with money right away.
The lenders who make such funding available to borrowers do so using online loan providers. In doing so, they ensure that borrowers can reach out to them using a medium they trust that will know to keep their financial information secure.
Moreover, considering these loans are generally approved almost instantly, it’s not difficult to see why they make an ideal source of finance to fund immediate requirements for borrowers.
In this article, we’ll take you through some of the best providers of online loans who satisfy “need money now” requests from borrowers.
Our List of the Best “Need Money Now” Online Lenders of 2021 [Full Reviews]
There are now dozens upon dozens of loan providers that you can find online if you require urgent funding. However, beware of such sites since not all of them can be trusted to provide you with the kind of money you need at reasonable interest rates.
Moreover, since receiving online loans involves the exchange of private financial information, it’s always best to opt for reliable and popular sites like the ones we’ve listed below.
In the world of instant loan financing, MoneyMutual is so wildly popular that it almost needs no introduction. There’s a reason this site has been used by a couple of million customers since its inception: it’s very reliable and secure. No financial information provided to lenders using MoneyMutual will ever find its way into the hands of some third party that might misuse it.
The fact that borrowers and lenders alike can trust this company has given it an edge over its competitors—particularly those that do not spend the resources MoneyMutual does to keep their security systems up-to-date.
This site is, in effect, a platform that allows borrowers and lenders to contact each other and discuss the terms of a loan. The processes involved in reaching out to lenders on this site are very easy to follow, and even those who aren’t very familiar with how such sites work will find them quite convenient.
The maximum loan amount you can hope to receive from lenders on MoneyMutual is $5,000, which seems fairly reasonable for short-term needs. One of the many reasons why borrowers prefer this site over similar sites is that it allows them to receive responses from lenders within just a few minutes after completing and submitting the application form.
With short-term financing needs, time is of the essence, so a few minutes saved can make a great deal of difference to borrowers looking to satisfy urgent needs.
Certain criteria determine the eligibility of borrowers on this site, but these aren’t very difficult to satisfy. One example is having a steady source of income; another is meeting a minimum monthly income requirement.
However, your credit ratings don’t matter here, and you can apply for a loan even if you have a poor credit score, provided you’re employed. In other words, a lender would like to gauge whether or not you’re financially capable of repaying their money before they decide to take a chance on you.
Except for a couple of states (Connecticut and New York), MoneyMutual is as operational and popular across the country as it has been for decades.
#2. Bad Credit Loans
Bad Credit Loans is one of the most flexible loan providers online since it allows you to borrow loan amounts ranging from $500 to a whopping $10,000. However, the catch here is that the interest rates demanded by lenders on this site are a little high compared to many others on the market. Repayment terms are typically quite flexible, though.
Those who require short-term funds can settle for a repayment period as low as three months, and those who need long-term funds can opt for a repayment period for as long as six years. Therefore, it doesn’t matter what your requirements are; you’re sure to find a lender who’s willing to provide you with the loan amount and repayment period you need through Bad Credit Loans.
Even if you don’t have a perfect credit rating, don’t fret. Various lenders on this site would be willing to finance you anyway if you can prove to them that you have a steady source of income. In this way, they’re reassured that you’re capable of repaying their loan on time. However, their interest rates are quite high because they need to compensate for the risk of providing loans to those with poor credit ratings.
This is especially true for long-term loans on which the lender has to trust that you’ll be able to make all the necessary repayments for a period of up to six years during which anything could occur.
However, one big advantage of using this site is that it can help you receive short-term funding in as little as one day. If you go online and fill in your application right now, it’s more than likely that you’ll receive the money in your bank account within the next 24 hours.
The lowest interest rate you can expect to pay on this site is about 6%, while the highest rate is about 36%. Therefore, you’ll need to evaluate the cost of financing carefully before you take the plunge and decide to borrow from a lender on this site.
#3. Cash USA
Cash USA is generally favored by borrowers looking to finance their urgent needs with larger loan amounts. In other words, if you need a loan amount of up to $10,000, Cash USA may just be your best bet. The lenders listed on this site have quite flexible requirements and won’t press you for repayment within a mere few weeks as some online lenders do.
In some cases, you can extend your loan period for up to six years if your amount is large enough and you’re willing to pay a high-interest rate. However, you should remember, the longer your repayment period, the higher amount of interest you’ll likely pay on your loan. However, despite the high-interest rate, Cash USA is not a particularly costly source of financing.
This is mainly because this site doesn’t have any hidden charges, such as application fees, thereby allowing users to focus on the charges levied by lenders alone. Not only that, but Cash USA is also known to provide its users with valuable financial advice to help bail them out of debt or other similarly serious financial situations. The catch here is that you need to have a minimum monthly income to qualify for loans on this site.
However, given that you can have your loans approved on this platform in just a few minutes and receive the money in your bank account within just a few hours, this is a small snag to overcome. All things considered, Cash USA is easily one of the most popular and effective online lending platforms currently providing short, medium, and long-term loans to borrowers in need.
#4. Credit Loan
This site is one of the oldest and most highly reputed online lenders in the industry. Having over two decades of experience makes them appealing to borrowers who are hesitant to trust their financial information in the hands of an intermediary such as this one. Most people seek out Credit Loan because it takes care of loan amounts that are as low as $250 and as high as $40,000.
In other words, the lenders on this site can accommodate both short-term and medium-term financial needs. Besides, the application and approval process with Credit Loan barely takes any time at all, with most borrowers having their requests approved within a day. In some cases, you may even find it possible to receive your money within the same day.
One of the most definitive advantages of using this site is that it facilitates the provision of loans to those borrowers with bad credit ratings as well. Considering such borrowers generally find it difficult to obtain finances using traditional loan sources, this is a truly impressive feature. The ease with which you can receive funds using this site is widely talked about as well.
Once your loan request meets the approval of a lender, you’ll be able to receive the money in your bank account within a couple of days. Therefore, this site is effectively one of the most convenient and accessible sources of need-money-now funding.
#5. Cash Advance
This online platform is ideal for those looking to receive small loan amounts within a few hours of requesting it. If you want a loan amount of up to $1,000, check this platform out, and you may find dozens of lenders willing to lend to you, regardless of your credit score. What’s more, you’ll receive the money within just a few hours – right in time to fund whatever urgent requirement you need it for.
The vast network of lenders that this site boasts is known to provide borrowers with a large choice of interest rates. In other words, with Cash Advance, you have the freedom to choose the interest rate you pay on your loans, making it easier for you to plan your repayments, etc. However, it may be useful here to note that the interest rates quoted by lenders on this site are sometimes unreasonably high.
Considering the loan amounts provided by them aren’t very large, this is not ideal for borrowers who are facing financial difficulties. However, this shouldn’t be too much of a problem for borrowers looking for short-term funds who have the means to pay them back quickly.
This is why this site is especially popular among borrowers who can afford to pay high interest rates, as opposed to those borrowers who opt for other sites such as MoneyMutual that have lower interest rates instead.
As is the case with all highly reputed sites that lend money to borrowers with poor credit ratings, Cash Advance requires you to have a minimum monthly income. After all, lenders are sure to be hesitant in providing you with loans – both large and small – if they’re unsure about whether or not you have the means to honor your repayments.
The biggest benefit of using Cash Advance to obtain loan finance is that the repayment terms on the site vary from lender to lender. So, just because one lender asks you to pay them back within a month doesn’t mean all of them will – even if it’s for the same loan amount. However, you should note here that Cash Advance may not be available where you reside since some states do not have any participating lenders.
#6. Personal Loans
Personal Loans has quickly established itself as one of the leading short- and long-term loan platforms that gets lender approvals within the same day. So, it doesn’t matter if you need a longer or shorter repayment term; there may be lenders on this site willing to accommodate your needs and to make the necessary funds available to you right away.
With this site, you have the choice of paying your lender back within three months or within six years – that’s how flexible they are. However, if you’re going to opt for a longer repayment period, you’ll need to remember that you’ll be paying a considerably higher interest rate on your loan. Therefore, if your finances are already strained, it may be a good idea to pay a lender back as quickly as possible.
You won’t necessarily need a good credit history to receive a loan using Personal Loans. However, if your credit score is below average, lenders will need to see some proof of employment to ensure you can meet the repayment terms. In most cases, even borrowers who have had a bad record with repaying loans can receive finance using this site if they can show lenders proof of a steady, long-term source of income.
This online lender is especially popular because it has lending partners all over the country who are willing to meet short-term funding requirements. These lenders can deposit money directly into the bank account of your choosing within a day or two. Therefore, any urgent requirements or emergencies that can crop up during your day-to-day life can be met by Personal Loans instantly.
Moreover, the interest rates on this site are quite flexible as well, ranging from 6% to 36%. So, you can take your time and evaluate which lender can enable you to save on your finance costs before you decide on which one you want to opt for.
What Are Some Alternatives to “Need Money Now” Loans?
Sometimes you need instant finances and may not want to take out a loan. After all, not all loans come cheap, and interest rates can eat into your income, causing a further strain on your finances if you’re already facing financial issues.
Therefore, you might be on the lookout for alternative sources of finance to satisfy any short-term needs.
In this section, we’ll discuss some of the most viable substitutes for “Need Money Now” loans:
Many people live in houses with unused bedrooms or have a spare house in another state or city that they aren’t residing in. If you’re one of these people, you always have the option to rent out your house or apartment by listing it online. Potential tenants can then reach out to you and provide you with monthly rental installments, which can help finance your short-term, medium-term, or long-term needs.
There may well be several possessions around your house that you aren’t using anymore. Instead of letting them lie around and collect dust, you could choose to sell them to buyers online. There are several sites on which you can sell your things, including social media platforms such as Instagram, thereby letting you receive some instant cash.
You might have skills that you haven’t exercised for years or use only to satisfy a hobby such as writing, painting, etc. Instead of letting your free time go to waste, you could enlist on a freelance site such as Fiverr that could allow you to sell your skills for some quick money.
One of the easiest jobs to get around residential areas is a babysitting gig. In only a few hours a day, you can watch kids or pets and make some extra money while you’re at it. You can either ask your neighbors to pass the word around or register yourself online to let people know you’re open to work.
If your current job doesn’t take up all of your time and energy and you think you can accommodate a part-time job, it would be a good idea to start looking for one. Some of these jobs don’t take up more than 2-3 hours a day and could suffice to help you collect some extra cash to meet any urgent short-term requirements.
- Work as a Food Delivery Agent
There’s a reason why apps like Zomato are so popular – they have an extensive network of restaurants and delivery partners to help them reach out to customers. You could choose to work as a delivery agent with one of these companies during the week or weekend if you want to have some spare cash at your disposal.
These are just some of the many ways you can make some extra money without having to expend too much time and effort. But, of course, the biggest advantage of using any of the aforementioned methods of accessing funds is that you won’t have to pay it back, which will help you save on interest payments and other finance costs.
What Procedure Should I Follow to Get a Loan Now?
The procedures involved in taking out a loan aren’t too complicated, and with the help of the online lenders we’ve reviewed above, you should be able to get one approved in no time. In most cases, you would only need to fill out an online application form and submit it to await a lender’s approval. Once your loan request is approved, you could receive the amount you need within 24 hours.
It doesn’t matter if you have a good credit score or not; many lenders listed on certain websites would be willing to provide you with an instant loan. However, you should know that not having a good credit score could mean that you won’t be able to borrow large amounts or that you may end up paying high-interest charges.
Furthermore, the lenders who don’t demand extensive credit checks on their borrowers may ask for proof of employment or income. The biggest advantage of submitting loan requests to online lenders is that you get the freedom to choose the one that offers you the lowest interest rates and most convenient repayment terms.
The loan application procedures could be made easier if you decide beforehand on the interest rate and repayment terms you’re comfortable with following. It doesn’t make sense to obtain an instant loan only to have it cause a strain on your long-term finances.
Is It Possible for Me to Obtain a Loan While Being Unemployed?
While some loan providers online may demand proof of employment before they approve your request, not all do. After all, it’s not just employed, salaried individuals that require short-term funding, and lenders are quick to recognize this.
Therefore, in some cases, lenders may be willing to provide you with a loan if you have a good credit history from making repayments on prior loans on time.
Also, if you’re unemployed but have a regular source of income (such as a pension), you could still receive a short-term loan. All a lender wants is to know whether or not you’re in a financial position that is stable enough to guarantee you can pay them back on time. This is especially true if you have a poor credit rating and a lender has to take a risk by lending you money they don’t think you can repay according to their terms.
However, if you’re unemployed, you may have to meet a minimum monthly income requirement in place of employment proof. In most cases, this minimum requirement is somewhere around $1,000 – not too difficult to meet. You may have to pay a higher than usual interest rate on such loans, though.
Therefore, if you’re employed, it could be easier to obtain finance in this way than if you’re unemployed. As for repayment terms, these too are stricter for unemployed individuals with poor credit scores than those employed and can assure lenders they have the means to pay them back.
Which Online Lender Is the Best for Those with Poor Credit Scores?
All the companies we’ve listed above have lenders who are willing to provide loans to borrowers with poor credit scores. However, in most cases, the borrower makes up for this perceived increase in risk on the lender’s part by paying higher interest on the loan than they would if they had a better credit score.
Therefore, if you find yourself amid a difficult situation that demands immediate funds, you can find an online lender willing to step forward and offer you a competitive interest and repayment rate.
Out of all the companies we’ve reviewed, the most popular and reliable one is MoneyMutual. This company has the experience and skills to back it up in providing loans to those customers with below-average credit ratings. Year after year, thousands of users can find lenders willing to finance their needs with the help of this highly secure platform.
While MoneyMutual may be our top pick, the other sites we’ve listed are close contenders as well since they share some of the best characteristics of MoneyMutual.
Conclusion: The Best “Need Money Now” Loan is?
Super-quick “Need Money Now” loans are not particularly difficult to come by if you know where to look. With the right kind of online lending sites at your fingertips, you’ll find yourself able to pick out loans at competitive interest rates with flexible repayment terms.
The best part about these sites is that their application processes are so quick and simple that it’s possible to have your loan request approved within just a few hours.
So, it’s more than likely that you’ll receive the funds you require after applying online within, say, 24 hours. All the sites we’ve reviewed for you above consist of reliable lenders and have the right kind of security measures in place to ensure your financial information remains safe.
If you need to borrow money using online sources more than once, it would be useful to pay these lenders on time and maintain a cordial relationship with them.
After all, you never know when an emergency will crop up that could require instant funding.