Where Can I Borrow Money Asap

Are you in need of money urgently? Below are the proven methods to borrow money fast with bad credit. Get your quotes now!

Want to borrow more than $5,000? Click here!

How Can I Get Money at Speed?

When you are in an emergency situation, knowing how to get money fast could be a lifesaver. It is always a good idea to plan ahead, so you are always prepared for unexpected circumstances.

Here at CocoLoan, we aimed to help customers in every possible way to fight against financial difficulties during hard times. So we listed some of the recommended options you should know about getting quick loans.

Family and friends

Getting a loan from your family and friends could be the fastest and safest way to borrow money to cover your expenses. The benefit is that you won't have to worry about having a solid credit score or being charged a high-interest rate or fees.

On the other hand, you won't be able to build your credit score by borrowing from your family or friends since they can't report your debt to the credit bureaus. Also, borrowing from friends and family could ruin the trustable relationship you've built with them over the years if you default on the loan.


When thinking about getting financial support, banks should always come first, if you don’t want to bother your family members. Banks offer a wide variety of loan options, such as personal loans, mortgage loans, and title loans, among others.

Loans offered by banks often come with large loan amounts, and relatively lower interest rates, which makes them more advantageous to borrowers compared to online lenders. You can take advantage of this opportunity with a strong credit score. If you have been a long-term bank customer, you may qualify for an APR reduction.

However, the downside is that you are not eligible to get a quick loan from a bank if you have a bad credit score.

Credit Unions

Credit Unions are a more practical alternative to banks for getting a quick loan if you need to borrow money fast. Credit unions offer lower interest rates and fees than banks. Also, since credit unions mainly exist to be profitable to their members instead of shareholders, they are more accountable and dedicated to serving the customers.

However, the shortcoming is that you need to be a member to get a loan from a credit union. If you need a quick loan fast, you can consider joining a credit union to be eligible.

Cash Advance Services

If you need to get cash fast to cover your urgent expenses till your next payday, you can consider credit lending companies that offer online cash advance services. You can check the requirements for eligibility and apply through the company's mobile app for a quick loan. In most cases, you can get up to a $500 cash advance with favorable lending terms from these cash advance apps if you are eligible.

However, most credit lending companies charge membership fees and have low loan limits. Some will also request optional service fees before you can use their service.


CocoLoan is committed to connecting borrowers to reliable and licensed lenders across the US market. By using their online loan request submission form, you can get up to $5,000 in payday loans and $35,000 in personal loans from CocoLoan. However, the loan amount, interest rates, and repayment duration largely depend on the terms of service of the lender and your credit score, usage, and history.

Other Online Loan Service Providers

If you need money fast to survive before payday, you can check out these online loan service providers for a quick loan.


CashAdvance possesses an extensive network of online lenders on their platform from which you can choose. Their loan amount ranges from $100 to $10,000. Also, the application process can take between 5 to 10 minutes. Once approved; you can get your cash within as fast as 24 hours or less.


PersonalLoans could be the best option if you need a loan with a larger loan amount and longer repayment term. PersonalLoans will connect you to lenders willing to lend you between $1,000 and $35,000. Also, the repayment term ranges from 3 months to 72 months.


With BadCreditLoans, you can get up to $10,000 with no collateral, even with bad credit. BadCreditLoans does this by connecting a borrower's loan request information to a diverse range of online professional bad credit lenders. Once you complete your application process, you can compare offers from different lenders.

US Installment Loans

If you need a quick loan urgently to cover your expenses, you can consider the service of US Installment Loans. This reliable online loan marketplace can help connect you to online installment loan lenders who offer between $50 and $5,000 in loan amounts. The repayment plan varies depending on the lender.

401(k) retirement plan

If your 401(K) plan allows for a loan, you can borrow money against your 401(K) retirement account. Usually, there is no need for a credit check, making the process faster. You can borrow up to 50% of your total account balance, with a minimum of $10,000 and a maximum of $50,000.

You are to repay the loan within five years, but if you quit your job or your employment is terminated, you will be given 60 days to repay the loan. Your outstanding balance will be charged if you fail to repay the loan before the deadline.

How Does CocoLoan Compare

default imgWhy Trust CocoLoan?
How much can you get?$50 to $35,000Zero upfront charges
What are the loan terms?1 - 36 monthsEasy repayment
Are credit checks needed?YesMostly soft pulls
Are bad credit accepted?YesAll credit considered
How to apply?Totally onlineSimple and straightforward
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I Need Money Desperately. How Long Does It Take To Get My Funds?

You can expect feedback in a couple of minutes when you submit your loan request. Your request along with your information will then be processed by lenders, and they will evaluate your credit worthiness. Once you qualify, creditors will send funds to your account in as little as 24 hours or the next business day.

You should apply in the morning with all the required documents to increase your chances of getting funds the same day. Note that applications submitted before 10 am CT have a higher chance of getting funded the same day.

Usually, getting a quick loan takes less than 24 hours. However, the exact time you get your funds relies on when you apply and your lender's policy.

Can I Get Quick Loans With Bad Credit?

A high credit score is not the only requirement to get a loan. There is still a chance for you to get bad credit loans if you have an unpleasant credit history. Your lender may be willing to offer loan options that don't require a perfect credit score such as payday loans, auto title loans, and pawnshop loans. In other words, you can still get a loan with bad credit if you have repayment ability.

On the flip side, borrowers with bad credit scores tend to get offers with high-interest rates and less favorable repayment terms.

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