Best Personal Loan Apps with Instant Approval in the US (2025)
Best Personal Loan Apps with Instant Approval in the US (2025)
In the digital age, getting a personal loan has become easier, thanks to a variety of apps that allow for quick and easy approval processes. If you’re looking for instant approval and fast access to funds, several apps and platforms offer just that. Below are some of the best personal loan apps in the US that can help you get approved quickly:
1. SoFi
Overview:
- SoFi is one of the leading online lenders offering personal loans with competitive interest rates. It is known for its quick application process and strong customer service. SoFi also offers flexible repayment terms and no fees, which makes it highly attractive for borrowers with good credit.
- Loan Amounts: $5,000 to $100,000
- APR Range: 5.99% to 18.85% (fixed)
- Repayment Terms: 24 to 84 months
- Eligibility Requirements:
- Minimum credit score of 680
- U.S. citizen or permanent resident
- Must be employed or have a reliable income
- Minimum annual income of $45,000
Why Choose SoFi?
- Instant Pre-Approval: Receive pre-approval in just a few minutes.
- No Fees: No origination fees, late fees, or prepayment penalties.
- Quick Funding: Once approved, you could get your funds as soon as the next business day.
Website: https://www.sofi.com
2. Upstart
Overview:
- Upstart is an AI-driven lending platform that offers personal loans with a fast approval process. They focus on approving loans based not only on credit scores but also on education and work history, making it easier for borrowers with limited credit history to qualify.
- Loan Amounts: $1,000 to $50,000
- APR Range: 6.18% to 35.99%
- Repayment Terms: 36 to 60 months
- Eligibility Requirements:
- Minimum credit score of 300
- U.S. citizen or permanent resident
- Must have a regular income
- Must not have too much existing debt
Why Choose Upstart?
- AI-Powered Approval Process: Instant pre-approval decision based on more factors than just your credit score.
- Fast Funding: Once approved, funds are often deposited into your account within one business day.
- No Prepayment Fees: You can pay off your loan early without any extra fees.
Website: https://www.upstart.com
3. LendingClub
Overview:
- LendingClub is a peer-to-peer lender that connects borrowers with investors, which means rates can be competitive. LendingClub is known for offering personal loans with fast approval and flexible repayment terms.
- Loan Amounts: $1,000 to $40,000
- APR Range: 6.95% to 35.89%
- Repayment Terms: 36 or 60 months
- Eligibility Requirements:
- Minimum credit score of 600
- U.S. citizen or permanent resident
- Must have a source of income
- Minimum annual income of $24,000
Why Choose LendingClub?
- Quick and Easy Process: Online application with a quick decision on approval.
- Fast Funding: Once approved, you could receive your loan funds in a few business days.
- Wide Range of Loan Amounts: LendingClub allows for a wide variety of loan sizes, depending on your needs.
Website: https://www.lendingclub.com
4. Marcus by Goldman Sachs
Overview:
- Marcus is a digital bank by Goldman Sachs, offering personal loans with flexible terms and no fees. It is known for its fast approval and great customer service, making it a reliable option for those looking for a straightforward loan application process.
- Loan Amounts: $3,500 to $40,000
- APR Range: 6.99% to 19.99%
- Repayment Terms: 36 to 72 months
- Eligibility Requirements:
- Minimum credit score of 660
- U.S. citizen or permanent resident
- Proof of income (pay stubs, bank statements, etc.)
Why Choose Marcus by Goldman Sachs?
- Fast Decision: Quick approval process, usually within minutes.
- No Fees: No origination fees, no late fees, and no prepayment penalties.
- Flexible Repayment: You can customize your payment due date or even skip a payment once a year with approval.
Website: https://www.marcus.com
5. LightStream (A Division of SunTrust Bank)
Overview:
- LightStream offers personal loans with very competitive interest rates. As a division of SunTrust Bank, they provide high loan amounts and a quick application process for those with excellent credit.
- Loan Amounts: $5,000 to $100,000
- APR Range: 3.99% to 19.99% (fixed)
- Repayment Terms: 24 to 144 months
- Eligibility Requirements:
- Excellent credit score (typically above 700)
- U.S. citizen or permanent resident
- Steady income
- Must meet specific debt-to-income ratio requirements
Why Choose LightStream?
- Instant Pre-Approval: You can get pre-approved for a loan in minutes.
- Fast Funding: Same-day funding available if you apply during business hours.
- Competitive Rates: Very competitive interest rates for borrowers with excellent credit.
Website: https://www.lightstream.com
6. Earnest
Overview:
- Earnest is a fintech company that offers personal loans with a fast approval process and flexible terms. They are known for allowing borrowers to choose their payment date and have a quick, easy online application process.
- Loan Amounts: $5,000 to $75,000
- APR Range: 5.99% to 24.24%
- Repayment Terms: 36 to 60 months
- Eligibility Requirements:
- Minimum credit score of 640
- U.S. citizen or permanent resident
- Proof of income (pay stubs, tax returns, etc.)
Why Choose Earnest?
- Personalized Loan Options: You can customize your loan based on your preferences, such as repayment term and payment date.
- Quick Approval: Fast approval and funding (as soon as the next business day).
- No Fees: No origination fees, no late fees, and no prepayment penalties.
Website: https://www.earnest.com
7. Best Egg
Overview:
- Best Egg offers personal loans with a fast approval process and competitive rates. It is known for being an easy-to-use online platform for borrowing, with quick approval decisions and same-day funding for some loans.
- Loan Amounts: $2,000 to $35,000
- APR Range: 5.99% to 29.99%
- Repayment Terms: 36 to 60 months
- Eligibility Requirements:
- Minimum credit score of 600
- U.S. citizen or permanent resident
- Proof of income
- Minimum annual income of $25,000
Why Choose Best Egg?
- Fast Approval: Most applicants receive a decision in just a few minutes.
- Quick Funding: You can receive your loan as soon as the next business day.
- No Fees: No prepayment penalties or annual fees.
Website: https://www.bestegg.com
Conclusion
These personal loan apps with instant approval are great options for borrowers looking for fast access to funds. Whether you’re looking to consolidate debt, cover emergency expenses, or make a large purchase, these platforms provide quick, easy, and secure ways to apply for loans with flexible terms and competitive interest rates. Just be sure to compare rates, terms, and eligibility requirements to find the best option for your financial needs.
