Personal loans that don’t make speed their only selling point are often a better option than those advertised as “quick loans.” Generally, these personal loans offer a lower interest rate, high loan limit, and longer repayment terms, which can make managing the repayments easier. And this doesn’t mean they’ll take weeks and months to process. LendingClub, for example, offers funds in as little as a few days. 1
Online personals loans may also require a better credit profile than advertised quick loans – which might be scary to people with less-than-ideal credit. However, online lenders often let you pre-check your offer, which won’t impact your credit score. Within a few minutes, you can find out your chances of being approved and review your options.
Reputable lenders won’t necessarily advertise their borrowing options as “quick loans” given the negative connotation, but some still offer fast loans or funding with more reasonable terms. Here are six options to consider.
1. Reach out to family and friends.
Friends and family members may be able to quickly send you money using an online service, such as PayPal, Venmo, or Zelle. (más…)