9 Direct Deposit Loans (Available) in Minutes

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Anyone who knows anything about personal finance understands the importance of planning. You probably already know that you should have an emergency fund saved up. Sometimes it isn’t feasible to set aside money for the future.

But what happens when an emergency pops up, and you don’t have the money to deal with it? What happens when you need cash fast to avoid a physical or financial crisis?

In these scenarios, you may consider taking out a direct-deposit loan. Direct deposit loans are loans that are deposited into your bank account. This makes them an easy and fast option when time is of the essence.

Direct deposit loans tend to be available extremely quickly, with funds being available in as little as a few minutes in some instances. This makes them highly appealing when you’re facing a pressing financial problem.

Unfortunately, direct deposit loans can be rife with hidden fees, and there are plenty of scammers who will happily capitalize on someone’s panic. To help you avoid scams and bad deals, we’ve compiled a list of the best direct deposit loans available. Let’s take a closer look at direct deposit loan lenders and marketplaces, so you can better understand the pros and cons of each.

Best Direct Deposit Loans Available in Minutes

The following is a list of safe, reliable, and fair direct deposit loan options. The right provider will depend on your specific situation.



The Best Direct Deposit Loan Lenders

Best Overall Direct Deposit Loan
Direct Deposit Loans
On Personalloans.com's Secure Website
  • Est. APR
    5.99% - 35.99%
  • Min. Credit Score
  • Learn More
  • Loan Details

Personalloans.com is a platform that connects those seeking personal loans to a wide network of lenders. As a leader in the industry, this network has lenders who offer favorable terms, great rates, and are entirely online.

Borrowers can take out anywhere from $500 to $35,000, which they can repay over 3 to 72 months. APRs are the same at 5.99% to 35.99%. Despite having access to larger loans, we encourage you to only take a direct deposit loan if you are able to pay it off on time. Loans with high APRs can quickly become a problem if you miss payments. That said, Personalloans.com is the best place for consumers to compare lenders and see what opportunities are available.

>> More: Personalloans.com Review

Best for Comparing Direct Deposit Loans
Best Direct Deposit Loan Lenders
On CashUSA's Secure Website
  • Est. APR
    5.99% - 35.99%
  • Min. Credit Score
  • Learn More
  • Loan Details

CashUSA is a well-established, well-renowned lending network. While they don’t provide loans directly, they function by connecting applicants to lenders that are best suited to their specific financial situation.

Once connected, applicants will be provided lending options that they are free to accept or refuse. The benefit of this setup is that CashUSA essentially functions as a screening process for lenders, so you don’t have to worry about things like scams and predatory offers.

The details of these offers will depend on factors like credit score and geographic location. CashUSA does provide some metrics so you can know what to expect going in. The size of the loans on offer from CashUSA range from $500 to $10,000. This is a sizeable range, and the relatively low minimum makes CashUSA one of the best options for those who need a quick cash injection for a minor emergency.

Loan terms range from as short as 3 months to as long as 72 months. This means you can pay your loan off quickly to avoid paying too much interest. Interest rates can be very high, but CashUSA is open and honest about this. They offer a tool that shows you the long-term impact of your loan before you commit, allowing you to make a smart financial choice. As a bonus, CashUSA is highly secure, employing industry-standard encryption to guard your information against hackers.

>> More: CashUSA Review

Best for Bad Credit Direct Deposit Loans
Bad Credit Direct Deposit Loans
On Badcreditloans's Secure Website
  • Est. APR
    5.99% - 35.99%
  • Min. Credit Score
  • Learn More
  • Loan Details

Badcreditloans.com is a network that connects users to lenders. This explains many of the similarities between the two.

Badcreditloans.com differentiates itself in that it is aimed distinctly at people with bad credit. Their loans are easy to qualify for, and you can do so with little to no credit history. This makes Badcreditloans.com a fantastic choice for those who can’t qualify for a credit card or for other loans.

When you borrow with Badcreditloans.com, you can receive anywhere from $500 to $10,000. Repayment plans are flexible, with options between 3 to 60 months. Interest rates range from 5.99% to 35.99%. This will depend on many factors like your credit score and income.>> >> More: Badcreditloans.com Review

Best for Fast Direct Deposit Loans
Fast Direct Deposit Loans
On MoneyMutual's Secure Website
  • Est. APR
  • Min. Credit Score
  • Learn More
  • Loan Details

MoneyMutual is a big name in the personal loan space. They are a highly reputable and widely trusted provider of direct deposit loans. At this point, you’ll be noticing a theme. MoneyMutual doesn’t provide loans directly but instead links applicants to lenders throughout the country.

The benefit of this setup is that applicants have more flexibility on what qualifications they have to meet to receive an offer. That said, the variability in MoneyMutual is greater than that of any other entry on this list. You truly don’t know what you’re going to get.

This may mean you get a very low rate, which would be great. However, it is equally likely you get a very high rate, in which case your loan could wind up costing you quite a bit. On the bright side, MoneyMutual doesn’t have a lower limit on loan size, meaning your direct deposit loan can be small. Taking out a small loan is the best way to reduce the overall cost you’ll incur.

>> More: MoneyMutual Review

Best for Debt Consolidation
Debt Consolidation Direct Deposit Loan
On Payoff's Secure Website
  • Est. APR
    5.99% - 24.99%
  • Min. Credit Score
  • Learn More
  • Loan Details

Departing from the usual structure of a network of lenders, Payoff is a company with the aim of helping you consolidate your debt. Payoff works by essentially buying your debt and offering it at a lower APR than you would pay to the original lender. While they don’t offer loans that you can use for whatever you’d like, they do provide direct deposits for your funds.

Payoff may not be the right choice if you have absolutely no credit and are actively facing a financial emergency. That being, they can help you through financial emergencies after the fact.

If you can put your emergency on a credit card, a Payoff personal loan can then help you pay that card off with a more reasonable interest rate. APRs range from 5.99% to 24.99%, with loan amounts of $5,000 to $40,000 and repayment plans between 24 and 60 months.

Something to consider before consolidating with Payoff is that they can charge origination fees up to 5%. If you’re already tight on cash, this might dissuade you from using their services.

>> More: Payoff Personal Loans Review

Best for Bad Credit Direct Deposit Loans
Bad Credit Direct Deposit Loans
On Avant's Secure Website
  • Est. APR
    9.95% - 35.99%
  • Min. Credit Score
  • Learn More
  • Loan Details

Like Payoff, Avant is a debt consolidation lender. They function by essentially buying your debt to help you make payments to your original lenders. You may choose to do this to get a lower APR or to protect your credit. If you’re suddenly in a situation where you can’t make your monthly payments, Avant can help you stay afloat. They offer loans ranging from $2,000 to $35,000. This makes them better suited to smaller emergencies than Payoff, as you can take out a smaller amount.

Repayment plans range from 2 to 5 years, with APRs from 9.95% to 35.95%. Payoff does have a significantly lower minimum interest rate, so you may want to consolidate with them if you think you can qualify for low rates. For those with no credit history or poor credit, it probably won’t matter much. Avant also has potential origination fees, though they state that they aren’t included very often.

>> More: Avant Personal Loans Review

Best for Easy Qualification Direct Deposit Loans
Direct Deposit Loans Available Right Now
On Upstart's Secure Website
  • Est. APR
    5.38% - 35.99%
  • Min. Credit Score
  • Learn More
  • Loan Details

Upstart is a loan provider that caters specifically to those with no credit history or a low credit score. Most loan providers evaluate applicants using credit scores. Upstart provides direct deposit loan offers through its own independent analysis. They consider things like education and earning potential and use these criteria to underwrite credit checks.

This can allow access to direct deposit loans that would otherwise be off the table for those with bad credit. Loans can be as low as $1,000 or as high as $50,000. APRs are between 6.95% and 35.99%, and repayment plans range from 3 to 5 years. Upstart can provide you with funds in as little as a day, and these funds can be used for whatever it is you need.

>> More: Upstart Personal Loans Review

Best for Quick Direct Deposit Loans
Easy Direct Deposit Loans
On OneMain Financial's Secure Website
OneMain Financial Loans
  • Est. APR
    18% - 35.99%
  • Min. Credit Score
  • Learn More
  • Loan Details

OneMain Financial is similar to Upstart. They aim to provide direct deposit loans to those with poor credit histories access to otherwise unreachable loans. They do this by foregoing traditional credit checks in favor of their own unique evaluation. Their particular screening heavily favors the ability to repay loans. If you are looking for a direct deposit loan because you aren’t currently making much, this may pose an issue.

If you do qualify, you can receive a direct deposit ranging from $1,500 to $20,000 delivered in as little as a day. You can repay your loan with plans ranging from 2 to 5 years. That said, the minimum APR is very high compared to the rest of the market. Combined with the long repayment plans, this can wind up costing you quite a bit. Additionally, OneMain can charge origination fees of up to 10%. This makes them one of the most costly options on the list.

>> More: OneMain Financial Personal Loans Review

Best Overall Direct Deposit Loans
Best Direct Deposit Loans
On Upgrade's Secure Website
  • Est. APR
    5.94% - 35.97%
  • Min. Credit Score
  • Learn More
  • Loan Details

Upgrade is another lender that helps those with poor credit scores qualify for direct deposit loans. While the overall idea is similar, Upgrade uniquely goes about this. Where other lenders’ underwriting analyses are concerned solely with their ability to get their money back, Upgrade keeps you in mind. They put a lot of weight on the amount of free cash you have at the end of each month. By free cash, they mean the amount of money you saved after your bills are paid.

They then use this to provide you loan offers that you can actually afford. By doing so, they keep you from taking out loans that will ultimately worsen your financial situation. Additionally, Upgrade allows you to co-sign, making it even easier for those who can’t qualify on their own to get a direct deposit loan. With Upgrade, you can receive anywhere from $1,000 to $50,000 to spend on whatever you need. Repayment plans range from 3 to 5 years, with APRs from 5.44% to 35.47%. They do charge origination fees as well. These can be anywhere from 2.9% to 8%.

>> More: Upgrade Personal Loan Review

How to Choose the Best Direct Deposit Loan

As you can see, there are a host of options for direct deposit loans. Not all loans are created equal, though.

Here’s what you need to consider when choosing a direct deposit loan provider.

#1. Compare Lenders and Rates

Each lender will have its own benefits and drawbacks. Before accepting a loan offer, take the time to compare the interest rates to ensure you get the best deal.

Don’t just compare rates; compare payment plan length too. If you can pay the loan back faster, you can often save yourself significant amounts of money.

>> More: Best Personal Loans

#2. Take Note of Fees

In addition to interest rates, take note of any loan origination fees you might incur when accepting an offer. The most common fee you’re likely to encounter is an origination fee.

Not all lenders include origination fees, so there are ways around this if you’re diligent. That being, it’s also wise to weigh out origination fees against the long-term interest you might pay.

#3. Funding Time

If you’re looking for a direct deposit loan, you probably want it fast. Many providers will deliver in as little as a day, but that isn’t always the case.

Make sure you know when your funds will arrive so you can plan accordingly.

#4. Customer Experience

You don’t want to wind up confused and angry. Find a direct deposit loan provider that is easy to use and has a reputation for positive customer interactions.

>> More: How to Apply for a Personal Loan

How Can I Get a Loan Immediately?

  • Signature Loans: Signature loans are loans that a lender provides in good faith. These can be a good option for fast funds if you have a good credit score and the income to prove you can pay the loan back.
  • Cash Advance Apps: Cash advance apps essentially provide you with your paycheck a few days early. There is a wide range of options on the market, some of which charge high fees. Do your research before using any of them.
  • Payday Loans: Payday loans are short-term, typically quite expensive loans you can take out in an emergency. With the rise of the internet,online payday loansare starting to make their way towards consumers in need. However, they are best avoided if possible because they are often predatory.
  • Short-Term Loans: Short-term loans are loans that you repay quickly. Typically, they will be repaid within a year, but the repayment plan can be as short as a few weeks. Depending on the rates, these can be a great solution when you’re tight on funds.
  • Friends and Family: Borrowing money from friends or family is typically the most financially sound option. If you’re lucky, you can borrow money and pay it back with no interest or fees.
  • Payroll Advance: A payroll advance occurs when an employer pays their employee their wages before payday. Not all employers do this, but if you’re in a bind, it’s worth seeing if you can access the money, you’ve already earned early.

What Is the Easiest Online Loan to Get?

While the exact answer depends on your unique situation, Upstart and Upgrade offer some of the easiest loans you can qualify for. They analyze your qualifications independently, meaning you can qualify even if you have bad credit.

What Are the Benefits of Direct Deposit Loans?

#1. Fast Funding

Direct deposit loans hit fast. Depending on the lender, you can access your funds in as little as a few minutes. This makes direct deposit loans very helpful in a true emergency.

#2. Entirely Online

Direct deposit loans can be applied for and received entirely online. You don’t have to go anywhere, and you don’t have to wait for your funds to reach you physically.

Direct deposit loans are an extremely convenient option for those who need extra funds.

#3. Straightforward and Easy Application (or Forms)

The application process for direct deposit loans is typically extremely simple. You go to the provider’s site, provide them with some information, and then submit. The whole process can take as little as a few minutes.

#4. Instant Approval

Once your application is submitted, you will instantly know if you qualify for a loan. No waiting for a lengthy deliberation, just a quick and easy offer.

#5. Affordable and Transparent

Direct deposit loans are often small and short-term. This makes them a very affordable option for dealing with small financial emergencies.

Additionally, providers tend to be very open about the fees and rates you can expect, making it easy to understand the long-term impacts a loan might have on your finances.

What Are the Disadvantages of Direct Deposit Loans?

#1. High-Interest Rates

Because they tend to be short-term and born of emergency, interest rates for direct deposit loans can be very high.

#2. Delayed Funding Times (Varies by Lender)

While some lenders provide access to funds within a day, others can take a few days or longer. You have to do your research before accepting an offer if you hope to access your loan immediately.

#3. Loan Amounts May Not Be Enough

Depending on the size of your emergency, the typically low loan ceilings offered by direct deposit lenders might prove insufficient for your needs.

#4. You Assume More Debt

If you’re using direct deposit loans as a strategy to deal with existing debt, be aware that you are incurring more debt in the process. This may harm your finances in the long run.

What Happens if I Miss a Payment on My Direct Deposit Loan?

Depending on the provider, you may be faced with a late fee. That being, each provider is different, and some are very lenient about late fees. Late payments can also hurt your credit score. Do your research before accepting a direct deposit loan but know that it is always better to avoid late payments.

Alternatives to Direct Deposit Loans

  • Personal Loans: If you can be a bit more patient, the best personal loans will almost always be a better option than true direct deposit loans, as they tend to offer lower fees and APRs.
  • Bad Credit Personal Loans: If you can’t qualify for a standard personal loan, you may still be eligible for a bad credit personal loan. While they tend to be more expensive than traditional personal loans, bad credit personal loans are often still cheaper than direct deposit loans.
  • Credit Cards: If you have the time to open a credit card, there is a wide variety to choose from, all of which can provide access to funds you can use instead of taking a direct deposit loan.
  • Borrow Money: If you can borrow money from friends or family, you should strongly consider doing so. This is often the cheapest way to access additional funds in an emergency.
  • Pawn Shop Loan: Pawn shops will frequently offer loans in exchange for a valuable item that they hold as collateral. Rates and fees vary, but this can be a fast and easy way to get a loan.

Can I Get a Direct Deposit Loan without a Bank Account?

You will need a bank account to receive a direct deposit loan. The lender needs somewhere to deposit the money.

What Is the Minimum Credit Score Required for a Direct Deposit Loan?

The minimum credit score required for a direct deposit loan varies wildly depending on the lender. Some lenders don’t have a minimum credit score at all.

Summary: Direct Deposit Loans

Bottom Line: Direct Deposit Loans in Minutes

We’d all like to have an emergency fund, but sometimes it just isn’t there. Direct deposit loans can help you maneuver financial emergencies when they pop up. If you need access to your funds quickly or just want the convenience of taking out a loan entirely online, direct deposit loans might be a good option.

That being, direct deposit loans tend to come with high fees and interest rates. It’s worth exploring other options and comparing lenders before committing to a direct deposit loan. The providers on this list are all safe, and we strongly recommend sticking with them to avoid predatory rates or, worse, outright scams.


To compare and evaluate direct deposit personal loans, we reviewed over 25+ lenders. Analysts evaluated the lender’s eligibility requirements, security, online experience, customer support, fees, rates, and funding times. Read our strict editorial guidelines and rating methodologies for personal loans to learn more about the integrity of our reviews.

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Bradon Matthews
Bradon Matthews

Bradon Mathews is a personal finance writer & product analyst with a breadth of experience. He enjoys analyzing market information and trends to help you make sense of the complex and ever-changing world of finance. His passion is providing practical advice so you can feel more confident managing your money. Bradon attended Colorado State University where he studied Philosophy.