Review 2024

Need cash immediately? Instead of taking out high-interest bank loans or expensive credit card loans, consider getting a personal loan from a private lender. This guide will help you explore the best online loan options to meet your short-term funding needs through

What is is an online marketplace that connects eligible borrowers to its nationwide network of lenders and lending partners. Based on your financial condition and loan requirement, will help you find the right lender and arrange quick loans online in as little as one day.

What services do they offer? arranges personal loans for borrowers. They act as a link between lenders who provide short-term loans to help borrowers with varying creditworthiness. When you access their website, you will be required to provide details of your financial requirements and financial status depending on which lenders or lending partners you are matched with. allows you to use money with flexible payment terms and lower interest rates. They offer short-term lending options ranging from $100 to $1,000 to a majority of borrowers. encourages borrowers to compare borrowing options and choose the best option depending on their needs.

You can take out loans through to meet the following funding requirements:

  • Auto Refinance
  • Auto purchase
  • Wedding
  • Travel
  • Small business
  • Renewable energy
  • Relocation 
  • Medical
  • Home improvement
  • Education
  • Debt Settlement
  • Debt consolidation
  • Credit Card consolidation
  • Others

How does work?

Potential borrowers must meet the following basic requirements to qualify for a loan application through

  • Must be at least 18 years old
  • Must not be a resident of Washington, New Hampshire, Vermont, and Connecticut
  • Must not be an active member of the military

Lenders will consider the credit score to determine if the borrower is qualified for the loan. Instead of performing a hard credit check, lenders and lending partners refer to the national database to determine the borrower’s credit history before sanctioning a personal loan. As such, the loan application process is unlikely to affect your credit score, although the verification process may vary for different lenders.

The loan application process is simple and takes only a few minutes. This includes making a loan application by filling up a form in 2 minutes. The information is then reviewed based on which offers are provided. You have the option to accept the offer and receive the loan amount in as little as one business day.

Visit the official website of Next Day Personal Loans and follow these simple steps to successfully get a personal loan within a day:

  • Step 1: Make a loan application 

    The website will take all applicants through a guided questionnaire including questions like the loan amount to be borrowed, the purpose for borrowing, employment status, any outstanding loan, monthly income, credit score estimate, address and contact details, etc. It only takes about two minutes to complete the questionnaire.

  • Step 2: Review the application

    After you fill up and submit the questionnaire, the information is then reviewed. If you qualify for a loan, a list of offers from the network of lenders is shared with you. You can select the lender that fits your requirement and preference.

  • Step 3: Receive funds within one business day

    After accepting and signing a loan offer, expect to receive the funds to your account within one business day. However, the transfer process may take longer with some lenders.

Rates and fees

Rates and fees may vary depending on the amount of loan applied for and other loan terms. The shorter the repayment period, the higher the interest rate and vice versa. The origination fee is set at $100 which they charge for connecting lenders and borrowers and setting up the agreement. The usual interest rate varies from 14% to 20% and may be higher in case of any default in payment or late payment.

Repayment terms

The loan terms through depend on various factors. The repayment period, cost of the loan, etc. will vary on a case-to-case basis during the loan request process. You can negotiate the repayment period with your lender depending on your financial requirement. The repayment terms at start from 61 days up to a maximum of 180 months.

Pros & Cons


  • Funds get deposited to the borrower’s account as early as the next business day.
  • 256-bit encryption technology to secure user data.
  • Loan application process is easy and quick.
  • Availability of personal loans for various funding requirements.
  • Access to a large pool of lenders and/or lending partners.
  • Multiple repayment options starting from 2 months up to 180 months.
  • Affordable interest rates for borrowers with good credit history.
  • You can apply for a loan regardless of your creditworthiness.


  • Currently not available for residents of Vermont, Washington, Connecticut, and New Hampshire. 
  • Potential borrowers below the age of 18 years are not qualified to apply for a loan.
  • Lending facilities are not offered to members of the military. 


Am I eligible to borrow money with bad credit? provides options for borrowers with poor credit history. Even if there is no available funding option from lenders within their network, they try to make funding arrangements with their lending partners.

What is APR?

APR stands for Annual Percentage Rate which refers to the annual rate of interest charged for a personal loan. While the APR may vary at, it is capped at 35.99%. Online lenders usually offer an APR between 5% and 30%. This is subject to variation depending on several factors such as the borrower’s income, financial history, and credit score.

Will applying for a loan with affect my credit history?

Placing a loan request with for pre-approval will not affect your credit score. only performs a soft pull on the credit history which is unlikely to affect your credit score. However, upon accepting an offer, your lender may perform a hard pull on your credit which may slightly affect your credit score.

How long will it take to receive funds through

Approved loans usually take as little as one business day for transferring funds to the borrower’s account. This may take longer depending on the lender as well as the financial institution of the recipient’s bank account.

How long do I have to repay my loan?

Like APR, your loan repayment period will also depend on a number of factors. The usual repayment period ranges from 61 days up to 180 months. You will be able to compare the loan terms offered by different lenders and choose the repayment period that best meets your financial requirement.

About the author Greg Lorenzo

Greg is a financial expert who has been advising his audience on loans for over 10 years. He has a wealth of knowledge and experience in the area, and he is passionate about helping people get the best possible deal on their loans. Greg is an expert in negotiating loans, and he has a proven track record of getting his clients the best possible terms. He is also a strong advocate for financial literacy, and he regularly gives workshops and seminars on the topic.

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