Personal loans need no introduction 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 personal loans online is that you can apply for them discreetly, they can get you through a tough financial time, and because they’re generally small amounts, they are easy to pay off.

In this overview, we 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. Heart Paydays – Best Overall Broker for Personal Loans
  2. Money Lender Squad – Best for Bad Credit Personal Loans
  3. Very Merry Loans – Best for Quick Personal Loans
  4. Big Buck Loans – Best for No Credit Check Personal Loans
  5. Credit Clock – Best for Same Day Personal Loans
  6. Low Credit Finance – Best for Easy Application Personal Loans

Best Personal Loans For Bad Credit 2022

1. Heart Paydays – Overall Best 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 to borrowers and presents the most viable loan options available, depending on your financial situation. It takes just a few minutes to apply with Heart Paydays, and you can get a loan of up to $5000 with 3 to 24 months to pay. Small personal loans come with high interest of between 5.99% and 35.99%.

Eligibility Criteria for Personal Loans Online

  • 18+ years min age
  • $1k per month min earning
  • Only US residents and citizens

Pros of Online Personal Loans

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

Cons of Personal Loans Near Me

  • Up to 35.99% interest

Click here to request funds now >

2. Money Lender Squad – Best for Bad Credit Personal Loans

With Money Lender Squad, borrowers shopping for small personal loans can apply for a loan of up to $5000 in a matter of minutes. The process is quick and easy, requiring just one application form to be completed online. The platform doesn’t promise bad credit personal loans guaranteed approval $5000, but they provide a 2-minute application process and have a high approval rate. Here you can borrow between $100 and $5000 and can negotiate the best repayment schedule with the lender/broker directly. Interest can be as high as 35.99%, but most lenders try to remain competitive.

Eligibility Criteria for Bad Credit Personal Loans

  • USA citizens and residents only
  • Earn at least $1000 per month
  • 18 years min age
  • Mobile phone and active bank account

Pros of Personal Loans Near Me

  • Get up to 2 years to pay
  • 2-minute online application
  • Payouts within the hour

Cons of Personal Loans Online

  • High interest

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3. Very Merry Loans – Best for Quick Personal Loans

Very Merry Loans is a loan matching service that focuses on small personal loans of up to $2000 only. The platform connects borrowers with lenders that offer up to 12 months to pay and no more than 35.99% interest. Very Merry Loans keeps the borrowing process a happy one by keeping it short and sweet. Spend a few moments on the application form, wait just 2 minutes for a loan outcome, and get the cash paid into your account within 24 hours. It’s that simple! Affordability assessments apply to all applications.

Eligibility Criteria for Personal Loans Near Me

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

Pros of Low Interest Personal Loans

  • Interest capped at 35.99% but can be as low as 5.99%
  • No lengthy loan terms (no cycle of debt)
  • Takes just 2 minutes to apply

Cons of Small Personal Loans

  • Pre-approval doesn’t always guarantee final loan approval

Click here to request funds now >

4. Big Buck Loans – Best for No Credit Check Payday Loans

Many borrowers hunting for bad credit personal loans guaranteed approval $5000 would like what’s on offer at Big Buck Loans. While Big Buck Loans cannot guarantee that low credit borrowers will get approved for a loan, the lenders on their panel often carry out a credit check and still provide loans to low FICO scores if they meet the other requirements in place. Their website states 9/10 approvals per day! At Big Buck Loans, loan amounts range from $100 to $5000 with 5.99% to 35.99% interest. Funds for approved personal loans are paid out within 15 minutes.

Eligibility Criteria For Personal Loans Near Me

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

Pros of Personal Loans Online

  • Quick application (no paperwork)
  • 15-minute payout of funds
  • Low credit borrowers welcome to apply

Cons of Personal Loans

  • Expensive borrowing format

Click here to request funds now >

5. Credit Clock – Best for Same Day Payday Loans

When there’s no time to wait to get a cash loan, Credit Clock is the loan matching service to approach. Personal loans acquired via Credit Clock are typically paid out on the same day. You get 3 to 24 months to pay off loans ranging from $100 to $5000. Interest can get high – as high as 35.99%, but competitive 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 $1000 per month to apply. The application process for these personal loans is entirely online.

Eligibility Criteria for Personal Loans

  • Min earning of $250 per week
  • Checking or savings account with direct debit
  • 18+ years minimum

Pros of Personal Loans Online

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

Cons of Low Interest Personal Loans

  • Some loan applications are rejected

Click here to request funds now >

What Are Personal Loans & How Do They Work?

Small personal loans are lump sums, usually no more than $5000, that are used to pay for personal expenses (not business expenses). You could use this loan to pay for vehicle repairs, home décor, birthday presents, a holiday, or similar. The loan is typically acquired online via a loan matching service and then paid out within a few hours of loan approval. Interest and fees are added to the loan, and then the total amount is split over the elected repayment period, which is usually 3 to 24 months.  

How To Apply for Personal Loans Online in a Few Quick Steps

Step 1: Choose Loan Amount and Term

Selecting how much you want to borrow and for how long is made quick and easy with a loan matching sites sliders, buttons, and drop-down menus.

Step 2: Complete The Digital form

If you’re happy with the loan and interest proposed, you can proceed to fill in the online application form. The prompts make it easy – your only task is to be as accurate and transparent as possible.

Step 3: Get a Decision in 2 Minutes

Once you hit the submit button, it takes just two minutes for the system to revert with feedback. You will be advised either way if there’s a loan available to you or not, subject to further checks by the lender, of course.

Step 4: Get Your Cash

If all your supporting documents check out and the lender is satisfied with the details provided, they will forward a personal loans agreement to you. Read through it carefully and then sign it before sending it back to the lender. Once received, they will verify the contract and pay out the cash. In some instances, this takes just 60 minutes.

Payday Loans Features & Factors To Consider

The “No Credit Check” Debacle

It’s US regulation that lenders carry out credit checks on borrowers, but that doesn’t mean that low FICO scores are turned away.


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

Use Loan Matching Sites

To find the best personal loans, it’s important to compare offers available on the market. Let a loan matching site do the legwork for you, saving you time and effort and bringing the best personal loans for you directly to you.


Heart Paydays is our top editor’s pick of the best personal loans available on the US market. They offer quick loan applications, speedy payouts, and a nice range of loan and repayment options. Much the same, all of the loan matching services we have reviewed above offer a viable service to those hunting for small personal loans online.


How Can I Secure 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 Much Personal Loan Can I Get in USA?

If you’re wondering what type of personal loans you can get in the USA, a quick application 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 $5000. These are usually paid off over 3 to 24 months.

Can Non-US Citizens Get Personal Loans Online?

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

Disclaimer: The loan websites reviewed are loan-matching services, not direct lenders, therefore, do not have direct involvement in the acceptance of your loan request. Requesting a loan with the websites does not guarantee any acceptance of a loan. This article does not provide financial advice. Please seek help from a financial advisor if you need financial assistance. Loans available to U.S residents only.

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