Personal loans do not need to be introduced to the global market. Everyone knows what they are because most people have needed a cash injection at some point in their lives. The beauty of online personal loans is that you can apply for them discreetly, they can help you through difficult financial times, and since they are usually small amounts, they are easy to repay.

In this overview, we take a look at our editor’s pick of the best personal loans in the US and compare what they have to offer.

Best Personal Loans 2022 – Quick Overview

  1. – Best Overall Broker for Personal Loans
  2. – Ideal for personal loans with bad credit
  3. – Ideal for quick personal loans
  4. – Ideal for personal loans without credit check
  5. – Ideal for same day personal loans
  6. – Ideal for easy application personal loans

Best personal loans for bad credit 2022

1. – Best overall for personal loans with bad credit

Online personal loans are an absolute breeze to apply for at Heart Paydays. This loan matching service is 100% free for borrowers and presents the most viable loan options available, based on your financial situation. It only takes minutes to apply with Heart Paydays, and you can get a loan of up to $5,000 with 3-24 months to pay off. Small personal loans come with a high interest rate ranging from 5.99% to 35.99%.

Eligibility Criteria for Online Personal Loans

  • 18 and over
  • $1,000 per month minimum earning
  • Only US residents and citizens

Benefits of Online Personal Loans

  • Payment in 15 minutes
  • Flexible loan amounts
  • 24 months to pay

Disadvantages of personal loans near me

2. – Ideal for personal loans with bad credit

With Money Lender Squad, borrowers looking for small personal loans can apply for a loan of up to $5,000 in minutes. The process is quick and easy and only requires one application form to be completed online. The platform does not promise bad credit personal loans with a $5,000 guaranteed approval, but it does offer a 2-minute application process and a high approval rate. Here, you can borrow between $100 and $5,000 and negotiate the best repayment schedule directly with the lender/broker. Interest can be as high as 35.99%, but most lenders try to stay competitive.

Eligibility Criteria for Personal Loans with Bad Credit

  • United States citizens and residents only
  • Earn at least $1000 per month
  • at least 18 years old
  • Mobile phone and active bank account

Benefits of personal loans near me

  • Get up to 2 years to pay
  • Apply online in 2 minutes
  • Payments within the hour

Disadvantages of online personal loans

3. – Ideal for quick personal loans

Very Merry Loans is a loan matching service that focuses on small personal loans up to $2,000 only. The platform connects borrowers with lenders who offer up to 12 months to pay and no more than 35.99% interest. Very Merry Loans keeps the borrowing process happy by keeping it short and enjoyable. Spend a few moments on the application form, wait just 2 minutes for a loan result and get the money paid into your account within 24 hours. It’s so simple! Affordability assessments apply to all applications.

Eligibility Criteria for Personal Loans Near Me

  • US residents/citizens only
  • No under 18
  • Minimum win of $1000
  • Bank account with direct debit

Advantages of Low Interest Personal Loans

  • Interest capped at 35.99%, but can go down to 5.99%
  • No long loan terms (no cycle of indebtedness)
  • Takes only 2 minutes to apply

Disadvantages of small personal loans

  • Pre-approval does not always guarantee final loan approval

4. – Ideal for payday loans without credit check

Many borrowers looking for $5,000 secured bad credit personal loans would like what Big Buck Loans offers. Although Big Buck Loans cannot guarantee that borrowers with low credit will get approved for a loan, the lenders on their panel often perform a credit check and still grant loans to low FICO scores if they meet the other requirements in place. Their website says 9/10 approvals a day! At Big Buck Loans, loan amounts range from $100 to $5,000 with an interest rate of 5.99% to 35.99%. Funds for approved personal loans are paid within 15 minutes.

Eligibility Criteria for Personal Loans Near Me

  • No under 18
  • Earn no less than $1,000 per month
  • Have a bank account with direct debit

Benefits of Online Personal Loans

  • Quick application (no paperwork)
  • Payment of funds in 15 minutes

Disadvantages of personal loans

  • Costly borrowing format

5. – Ideal for same day payday loans

When there’s no time to wait for a cash loan, Credit Clock is the loan matching service to approach. Personal loans acquired through Credit Clock are generally repaid the same day. You have 3 to 24 months to repay loans ranging from $100 to $5,000. Interest can be as high as 35.99%, but competing lenders are sometimes negotiable and can go as low as 5.99% with their APRs. You must be a US citizen and earn at least $1,000 per month to apply. The application process for these personal loans is completely online.

Eligibility Criteria for Personal Loans

  • Minimum earnings of $250 per week
  • Current or savings account with direct debit
  • 18 and over

Benefits of Online Personal Loans

  • Interest starts from 5.99%
  • 100% online application
  • Payments within 24 hours

Disadvantages of low interest personal loans

  • Some loan applications are rejected

What are personal loans and how do they work?

Small personal loans are lump sums, usually no more than $5,000, that are used to pay for personal expenses (not business expenses). You can use this loan to pay for vehicle repairs, interior decoration, birthday presents, holidays or other items. The loan is usually acquired online through a loan matching service and then repaid within hours of loan approval. Interest and fees are added to the loan and then the total amount is spread over the chosen repayment period, which is usually 3 to 24 months.

How to apply for a personal loan online in a few quick steps

Step 1: Choose the loan amount and term

Selecting the amount you want to borrow and the term is made quick and easy with sliders, buttons, and drop-down menus on loan matching sites.

Step 2: Complete the digital form

If you are satisfied with the loan and interest offered, you can complete the online application form. Prompts make it easy – your only job is to be as specific and transparent as possible.

Step 3: Get a decision in 2 minutes

Once you hit the submit button, it only takes two minutes for the system to come back with feedback. You will be informed anyway whether or not a loan is available to you, subject to further verification by the lender, of course.

Step 4: Get your money

If all your supporting documents are verified and the lender is satisfied with the details provided, they will send you a personal loan agreement. Read it carefully and sign it before sending it back to the lender. Once received, they will check the contract and pay the money. In some cases, it only takes 60 minutes.

Payday loan features and factors to consider

The “no credit check” debacle

It’s US regulation that lenders perform credit checks on borrowers, but that doesn’t mean low FICO scores are denied.


It’s important to know the loan fees, so check your loan agreement carefully. All loans charge interest, but some may charge origination fees, service charges, or early or late payment penalties.

Use Loan Matching Sites

To find the best personal loans, it is important to compare the offers available on the market. Let a lending site do the work for you, saving you time and effort and bringing you the best personal loans for you directly.


Heart Paydays is our editor’s pick of the best personal loans available in the US market. They offer quick loan applications, fast repayments, and a nice range of loan and repayment options. Similarly, all of the loan matching services we’ve reviewed above offer a viable service to those looking for small personal loans online.


How can I get the best personal loans near me?

Finding the ideal small personal loans can be tricky if you don’t know where to start. Using a loan matching service such as Heart Paydays will ensure that your loan application is considered by multiple lenders and then the best offer is presented to you. This is undoubtedly the best way to secure personal loans online Nowadays.

How many personal loans can I get in the United States?

If you’re wondering what type of personal loan you can get in the United States, a quick inquiry on a loan matching site will keep you well informed. Most lenders offering small personal loans online will give you access to loans ranging from $100 to $5,000. These are generally repaid over 3 to 24 months.

Can non-US citizens get personal loans online?

It turns out that non-US citizens can get personal loans, but they must meet the eligibility criteria. Each lender has their own requirements in place. You can expect the lender/broker to check if you have a valid green card or visa for longer than the intended loan term.

Disclaimer: The lending websites reviewed are correspondent lending services, not direct lenders. Therefore, they are not directly involved in the acceptance of your loan application. Applying for a loan with the websites does not guarantee acceptance of a loan. This article does not provide financial advice. Please seek the assistance of a financial advisor if you need financial assistance. Loans available only to US residents.