Top Online Direct Lenders for Instant Loans with Same-Day Approval in 2021

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There are times in life when certain situations occur and you are in need of some urgent funds. Whether you need money for a medical emergency, a trip, a surprise for a loved one, or to buy something you need, there is a possibility to get a same-day loan online without any credit check. Additionally, you can get instant loans with same-day approval even if you have a bad credit score.

Although it is a considerable risk for payday lenders and borrowers, some companies provide such services for people who are in need of cash. So, if you are someone that needs an instant payday loan or you want to know more about it, keep reading, as in this article, we will review the best companies that provide such offers. 

Our List of the Best Instant Loans with Same-Day Approval

  1. MoneyMutual: Overall Best Online Platform for Instant Loans
  2. BadCreditLoans: Best for Bad Credit Score
  3. CashUSA: Multiple Lenders for Cash Advances 
  4. Personal Loans: Best Personal Loan Company
  5. Credit Loan: High Chances for Instant Approval 

#1. MoneyMutual: Overall Best Online Platform for Instant Loans

MoneyMutual is an industry leader and a well-known money-lending platform that connects online lenders with borrowers. Their immediate fund transfer is the best solution when encountering unforeseen events. What is also great about this platform is that they approve loans very quickly, and you can receive the money within 24 hours. 

The way they work is they connect their clients with more than 60 short-term lenders. Furthermore, you are able to see what they offer you without any obligation to accept their offer. The service is also free of charge, and you will get a chance to be connected with legitimate lenders regardless of your credit ratings.


MoneyMutual offers some of the best features when it comes to getting instant loans for bad credit online.

  • Matching Borrowers with Lenders Quickly 

If you are in an instant need of money but do not have any reliable sources to get it, you can try using MoneyMutual. What they do is connect borrowers with different lenders that will provide you with the best deals. 

After they receive your personal information and connect you with a suitable lender, you will be redirected to their website where you will be offered a loan according to their terms and conditions. If you accept their offer, the cash will be transferred to your account within a day.

  • Easy to Use Website and Clear Instructions   

Their website is very user-friendly, which we really liked. There, you can find straightforward instructions about how the process works. Even those who are not as tech-savvy can easily apply on their website. After you apply, you will be able to get approved in less than 20 minutes. 

  • Eligibility Criteria

In order to be eligible to apply for a loan using MoneyMutual, you need to have a steady source of income of at least $800 a month and an active bank account. Moreover, you need to be above 18 years old and a permanent resident of the U.S. You also need to verify your employment status by providing adequate documentation. Once you are connected with an online lender and you accept their offer, you will need to fill out an application and disclose more detailed information about yourself.

  • Terms and Conditions 

Once you are connected with a lender, you will be provided with information regarding the loan. The terms and conditions of the contract may vary, but they must contain relevant data such as information about interest rates, APR, repayments terms, and other charges. 

The annual percentage rate also varies from lender to lender, but we found out the lenders that MoneyMutual provides will not charge you for any unnecessary fees. Overall, the APR is affordable, and it depends on the lender, the loan, the borrower’s situation, etc. 

  • Professional Lenders

They have more than 60 short-term lenders that have been working in this industry for years. Although we mentioned that the lenders have their terms, they still need to follow guidelines made by MoneyMutual to ensure borrowers are not being taken advantage of. Their lenders can provide a loan from $200 up to $5,000 depending on different factors.


  • Instant bad credit loans within 24 hours
  • Large customer base with over two million borrowers
  • Simple application process
  • Secure site and protected information
  • Accepts bad credit holders


  • Must have a steady income to be eligible for a loan
  • Not available for residents of New York and Connecticut      

Customer Experience    

According to the overwhelming amount of positive reviews from their customers, MoneyMutual is one of the best platforms that provides instant loans with same-day approval. Their customers stated they were very satisfied with how quick and easy the application process was and how fast they received the transfer. Additionally, they also liked that the service is free of charge, the lenders are professional, and their personal information is secure. 

=> Click here to visit the official website of MoneyMutual

#2. BadCreditLoans: Best Deals for Poor Credit Score

Next on our list is the Nevada-based online network that assists borrowers in finding suitable lenders. This platform offers a large variety of loans such as personal loans, student loans, auto loans, mortgage loans, and many others. 

BadCreditLoans has been in this industry for a long time, and it is known for connecting borrowers with some of the most professional lenders. As a platform, it is recognized for its reliability and transparency. In addition, it does not charge you for its service, but it connects you with lenders that will provide the best deal for you.


BadCreditLoans is also known for the incredible features they offer.

  • Instant Loans 

What is great about this platform is that you can receive a loan offer within a few minutes. After that, you will receive an email to confirm the details you provided. If you are a well-qualified candidate, you can receive funds within 24 hours. 

Additionally, BadCreditLoans is a perfect solution if you need a higher amount of money, as its loan range varies from $500 up to $10,000. 

  • Easy Application Process 

The application process is straightforward and easy to understand. On their website, you can find information about what documentation you must provide. Once you start the application process, you will need to provide basic personal information including your birth year, social security number, zip code, etc.

  • Eligibility Criteria

In order to be eligible for a loan from BadCreditLoans, you must fit into the criteria, which means you must be above 18 years old, be a permanent citizen of the U.S., and have a regular source of income, a valid bank account, and documentation that proves your employment status.

  • Terms, Conditions, and Rates 

The terms and conditions from lenders may vary, but they contain reliable information you need to read carefully to decide whether they are suitable for you. In case you encounter any issues, you can also contact their customer care to guide you through the process. When it comes to the annual percentage rate, BadCreditLoans has a fixed limit between 5.99% and 35.99%. 

  • E-Consent and Additional Services 

To make it easier for their customers, the whole loan process by BadCreditLoans is done online, including taking signatures online through e-consent. This process saves you time and money.

Additionally, not only does it provide loans for people with bad credit scores, but the company also has other available services such as credit repair and debt relief services. They also provide posts and articles about financial knowledge and financial struggles for borrowers to use.


  • Simple online process
  • Loan approval within minutes
  • Encryption technology
  • Over 100 lenders available


  • Requires a lot of personal information
  • People with bad credit get a smaller loan amount

Customer Experience

By reading the reviews from the customers, we realized BadCreditLoans is a very trustworthy and reliable platform that has provided people with suitable loan deals. The customers were pleased with the online process and how quick and easy the application process was. Many people have stated they also liked their term rates and how easy and straightforward their website is.

=> Click here to visit the official website of BadCreditLoans

#3. CashUSA: Multiple Lenders for Cash Advances 

Next on our list is CashUSA, which is an online marketplace where lenders are connected with borrowers. What we like about this platform is that they provide flexible personal loans that are not based on credit history but other relevant factors such as regular payments, employment history, and others.

Correspondingly, CashUSA has a very quick repayment system, meaning the company automatically withdraws money from the bank, making the process much easier. It is also an entirely free platform, which means there are no hidden charges or penalties.  


After reviewing the platform, we noticed CashUSA has some amazing features.

  • Quick and Straightforward Loan Process

To get a loan, you need to request and fill out a form to apply. In order to do that, you will need to provide information such as your name, email, zip code, phone number, the loan amount, the type of bank account, etc. After you complete the application, their site will process the information within minutes. Their website is also very easy to navigate, and it ensures the safety and privacy of their users.

  • Instant Deposit Process

After your application is processed, they will connect you with a suitable lender that will provide you with terms and conditions. Once you carefully go through them, you can confirm your loan request, which you will receive quickly within a day.

  • Eligibility 

To become eligible for getting a loan from CashUSA, you need to meet the following criteria: 

  1. Be at least 18 years old
  2. Be a citizen of the U.S.
  3. Have a valid bank account 
  4. Have at least $1,000 of monthly income
  • Terms and Rates 

CashUSA has a repayment period between 3 and 72 months, and their annual percentage rate varies from lender to lender. However, their network has a fixed range from 5.99% to 35.99%. Similarly, the amount of loan you can receive from this network varies from $500 up to $10,000. 

  • Automatic Withdrawal

Furthermore, CashUSA features an automatic withdrawal, which allows the platform to maintain automated payment from the lender. This ensures the amount is paid on time, so you, as a customer, do not need to worry about it. 

Also, there is an option for online repaying, which means the loan installments will be automatically transferred from your bank account to the lender’s account. This is very convenient, as you do not have to worry about monthly payments.


  • Quick loan application process
  • Instant approval and no credit check
  • Money deposits directly into a bank account
  • Amazing customer service  
  • Variety of lender options


  • Possibility of high APRs
  • Maximum loan amount of $10,000

Customer Experience 

Their customers have been pleased with the fact that CashUSA offers both small and large amounts of loans up to $10,000. Many of them expressed that their application process was quick and easy, and the platform provided unique features. They were also pleased with how safe and easy it is to navigate their website. Some of the customers stated the platform has excellent and helpful customer service as well as a very professional selection of lenders.   

=> Click here to visit the official website of CashUSA

#4. Personal Loans: Best Personal Loan Company

The next spot on our list secures the money-lending platform which has some of the greatest ratings on the market. Personal Loans is a network that connects lenders with borrowers and offers various types of personal loans at different interest rates.

Personal Loans provides a large selection of lenders that assist people even with bad credit scores. Furthermore, they have advanced encryption technology that allows the platform to ensure any personal information will not be compromised.


Personal Loans offers some of the most useful features, which can help their customers get the best deal possible.

  • Easy Application Process 

The process for applying for a loan from Personal Loans is quick and easy. What you need to do is gather all of the information you need, and then head to their website to fill out an application. In order to apply, you will need to provide information such as age, ID, residency status, banking details, credit type, and other personal details. 

  • High Loan Amounts

Personal Loans offers lenders that provide some of the highest loan amounts on the market, with maximum loans up to $35,000. However, the minimum loan amount is $1,000. Therefore, this network is amazing for people who are in need of higher loan funds.

  • Eligibility Criteria 

To be eligible for a loan from Personal Loans, you need to meet the following criteria: 

  1. Be above 18 years old
  2. Have an active bank account
  3. Have permanent residency or citizenship in the U.S. 
  4. Have any source of income
  5. Have a valid social security number

Keep in mind, however, that this is the criteria from the network, and some lenders might have set up a different one. 

  • Obligation-Free Rate 

What is unique about this platform is that they offer an obligation-free rate, which means that without providing any personal information, you can see the offers you can expect to get. This feature is incredible for people who just want to browse loan options.

  • Rates and Types of Loans

The APR varies from lender to lender, but it generally ranges from 5.99% and 35.99%. The numbers depend on the credit history, income, amount of loan, and other factors. Also, the repayment process varies from 3 to 72 months, and it depends on the lender as well.

Personal Loans offers three types of loans — peer-to-peer loans, for which they connect you with investors, personal installment loans, for which you will be associated with a financial institution, and personal bank loans, for which you will be funded by a bank.

What we also liked about this network is that they have flexible deadlines, which means that if you are late with your payment or you missed one, you can just contact the lender to get a new date without paying a large amount of money for fees. 


  • Fast and flexible loan offers
  • User-friendly website
  • Same-day loans with no credit check
  • Simple repayment terms
  • Helpful customer support


  • Restrictive eligibility requirements
  • Not available in all states

Customer Experience  

The customers seem to be delighted with their flexible loan options and quick and easy application process. They have also stated they especially like that the website is very informative and provides data about loan rates, loan offers, and other relevant topics. Furthermore, customers like the obligation-free rate and the fact that Personal loans take serious measures to secure all of their customer’s personal information.   

=> Click here to visit the official website of Personal Loans

#5. Credit Loan: High Chances for Instant Approval

The money-lending platform that has connected over 750,000 people with corresponding lenders takes another spot on our list. Their primary goal is to provide customers with tools that will help them deal better with financial issues. Credit Loan offers both small and large loan amounts to people with good, average, and even bad credit scores.

In addition, Credit Loan offers help for financial needs that cater to you as a customer specifically. Also, their loan application processes are very quick and easy to understand.


Because they have been around since 1998, Credit Loan as a money-lending network has developed some beneficial features which can help their customers while searching for the best loan offer.

  • Ability to Upgrade Your Bad Credit 

Even if you have an average or bad credit score, you can improve it by taking a loan. As long as you pay your installments on time, there is a possibility that your score will improve. Credit Loan provides some of the top online lenders that will offer you a loan that will work the best for you.

  • Reliable Service

This platform has decades of experience on the market, and they are a well-established and reliable network. Additionally, they have an all-day service, which means they accept applications 24/7. This makes this platform very convenient for customers from around the country.

  • Convenient Terms 

Credit Loan provides loan offers from $250 up to $5,000, and the application process is quick and easy. In order to request a loan, you need to fill out the application on their website, which includes personal information, zip code, the state you live in, the amount you want to receive, the purpose for your loan, and other information. 

  • Secure Platform 

What we like about this platform is that they take security very seriously. Credit Loan has an extensive privacy standard including SSL and McAfee certificates to ensure no customer’s personal information will be compromised. Additionally, they guarantee the highest security and encryption online.

  • Eligibility

In order to be eligible for a loan, you need to be at least 18 years old, have an active bank account, have a reliable source of income, and be a resident of the U.S. Additionally, when you are filling out the form, you will need to disclose more personal information.

This service is free of charge and does not have any hidden fees or penalties. The APR, loan terms, and repayment schedule varies from lender to lender. However, Credit Loan makes sure to connect you with a professional that will work the best for you. 


  • Safe and secure website
  • Online meetings
  • Funds available in less than 24 hours 
  • No credit checks
  • Quick and easy application form


  • Customers cannot get a loan if they have filed for bankruptcy   
  • Limited loan amounts

Customer Experience 

Regarding customer experience, we noticed their customers really liked the simple application process and how quickly they received the funds. Additionally, they appreciated the steps they take to ensure safety and privacy for personal information. We also liked the informative website and the fact they have an all-day service, which is very suitable for customers around the states.       

=> Click here to visit the official website of Credit Loan

What to Consider When Applying for Instant Payday Loans with Same-Day Approval 

Getting an instant loan from online services is very easy nowadays. However, there are some factors you need to take into consideration to make sure you get the right deal. 

  • Interest Rates

One of the most important factors to take into consideration is the interest rate. This is because many companies charge higher interest on loans that do not require good credit ratings. For this reason, it is advisable to compare rates from various providers before you make an agreement with a particular lender. This will give you a better idea of the best deal for you and the ability to calculate your payments. Also, some companies offer pre-approval, which means users can get a rate quote from lenders without providing account details.

  • Terms and Conditions

Before you make any agreement to get a loan, it is essential for you to read all of the terms and conditions and make sure you understand them. This is because some lenders offer strict loan repayment terms, which might not be affordable for you. By reading the terms and conditions, you will be familiar with your situation, monthly payment amount, rates, and fees. You will also be able to avoid financial struggles and being deceived. 

  • Eligibility

Before you apply for a loan, you also need to be certain you fit their required criteria. Aside from the general factors, you should consider the credit requirements as well. 

The amount you owe in comparison to the amount that you earn can play a vital role in your eligibility to receive an instant loan. Furthermore, if your income is steady, they might overlook your minimum credit score and offer you a better deal.

  • Additional Charges

Along with your monthly charges, you should be aware of any additional charges and penalties, which are usually imposed for late payments, bounced checks, and other factors. Some lenders charge fees for loan processing as well.

What is important to know is that these charges can take a significant portion of the loan. Therefore, they are an important factor to consider when applying. Keep in mind that such fees are not the same for all lenders, so you can compare the charges with various lenders before making a final decision.

  • Lender’s Credibility

When choosing lenders, you need to take into consideration how reliable and trustworthy they are. For this reason, before you accept an offer, it is advisable to look for lenders that are well-known, positively reviewed, experienced, and who work with reliable companies. What you can also do is check whether the lender is authorized to operate in the place you live.

  • Setting Your Budget 

An equally important thing to do is to choose a budget for yourself. After all, these are the monthly installments you need to pay regularly, so you need to make sure you have enough budget for prepayments and repayments as well. Otherwise, you might get additional fees and penalties, which may hurt your budget more. 

  • Security

As mentioned, to be able to receive an emergency loan you need to provide personal information as well as banking details. Therefore, it is of great significance to look for platforms that take the security and privacy of their customer’s data very seriously. This is crucial in order to avoid getting your information stolen from hackers or compromised by any company. 

  • Transparency

This is also a very important factor to take into consideration while looking for an instant loan and trusting a company with your money. If the platform is not transparent with its terms and conditions, you might receive additional fees or get your information stolen.

For this reason, make sure to look for companies that are fully transparent about what they provide and for those that have disclosed information about their policies, terms, and conditions. Moreover, the platforms on our list are very clear about the services they provide so you do not have to worry about any unexpected fees.

  • Customer Reviews

The reviews of the borrowers and their honest opinions are a great indicator of how professional the network is. If there is a large amount of positive feedback and satisfied customers, that means the platform is run by professionals who are reliable and trustworthy. What you can do is read as many reviews and even look for comments from people on social media, forums, and other reliable sources.

Frequently Asked Questions: Instant Loans

Q. How do instant loans work?

These money-lending platforms are a network of numerous lenders that provide payday loans for people in urgent need of funds. To get an unsecured loan, all you need to do is register and fill out the application form. You will need to provide information such as name, contact number, email, employment status, source of income, etc. 

After you submit your request, you will be redirected to all enlisted lenders. Then, you can choose the one that suits your requirements the best. What is great about these loans is that after you are accepted, they will transfer funds very fast within either a day or a few days. 

Q. What can I use instant loans for?

You can use small personal loans for anything you prefer. The most common reasons for taking instant loans are home renovations, weddings, funerals, student debt, medical bills, helping family and friends, funding business, moving expenses, buying vehicles, traveling, and many others.

Q. Which option is better — online or in-person loans?

Both options have their benefits and flaws. However, we prefer online money lending platforms, as the process for getting a loan is much faster and easier. You can apply and get approved very quickly and be connected with reliable lenders within minutes. Also, most of the online platforms give loans to people with bad credit scores as well. So, as we can see, some platforms provide all online money-lending processes that include documentation and signatures, which is very convenient for many borrowers.

Q. Can I get instant loans as an unemployed person?

Although most platforms have an eligibility requirement of having a stable job, you can still receive a loan even if you are not formally employed. The lenders take several factors into consideration, including liquid assets and other sources of income. Therefore, if the lender has sufficient evidence that the funds will be returned, you will have a good chance of getting short-term funding. 

Q. Will my credit score be affected due to instant loans?

The answer to this question depends on the lender. If the payday lender decides not to report your account to the credit bureau, your score will be unaffected. However, if they do report, you might get another outcome. Nevertheless, the credit report depends on how you are able to manage the borrowed funds.

With that being said, your financial history determines the type of impact these instant loans will have on your credit score. So, if you manage regular monthly payments, your score might even be increased.  

Q. What do I need to do to raise my credit score?

One way you can improve your credit score is to avoid late payment interest and penalties, as they can negatively impact your score. In addition, the quickest way to raise your credit score is to make on-time prepayments and repayments. 

If you are wondering why you need to improve your credit score, the answer is that a good score equals financial stability and better chances of getting any type of emergency loans in the future. It also influences the type of interest rates and installment loans you will receive. 

Q. How do I know the platform is not a scam?

Now that these platforms are getting more and more popular, there are plenty of new ones that come on the market frequently. Sadly, not all of them have great intentions, and some even try to scam their customers. For that reason, you need to be on the lookout before you apply for a loan.

To avoid being scammed, you need to do research about the platform and read reviews about their work. Next, you can check if the platform is registered with the government, which is a great indicator. What you can also do is search for their contact information, and if there is not any, it is most likely an unsafe network. 

Additionally, if they do not check your documents and financial statements, they will give you fees before you are accepted. Also, if they are not transparent with their terms and conditions, you should not trust them.


That concludes our list of money-lending platforms that provide instant loans with same-day approval. All of these networks offer the most professional services, and you will be able to get approved and receive funds within a day. Now that these platforms are getting more popular, you can do the process online, without rushing to do any paperwork. 

If you have an average or poor credit score, you should not worry, as these platforms provide lenders that run a little credit check that will not have an extensive effect on your chances of getting a loan. Now that you are familiar with the best money-lending networks on the market, you can easily apply, as you have a good chance of obtaining a loan and even boosting your credit score.

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