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Best Short Term Loans Online In 2022: Get Legit Personal Loans For Bad Credit From Direct Lenders

Whether for buying a new home, moving to a new location, going to a wedding, or simply handling an emergency expense, loans are a part of our lives one way or another. In the last years, economic changes urged a third of the US population to obtain one loan to repay another one.

The situation opened many opportunities for people who wanted to start new businesses. Thus, many lending companies were born. As choices expand, more and more loan borrowers have difficulties finding reliable lenders and obtaining short term loans.

Therefore, we decided to research and find the best lending platforms offering short term loans so that borrowers don’t waste time going from one lender to another. Through these websites, borrowers can apply for loans and may get approvals even with bad credit.

Best Short Term Loans With No Credit Check 

  • MoneyMutual – Best Short Term Loans For Bad Credit, Editor’s Pick 
  • BadCreditLoans – Reliable Online Loans For People With Bad Credit
  • RadCred – Direct Lenders For Short Term Loans Online No Credit Check
  • CashUSA – Top Loan Marketplace For Online Loan Instant Funding
  • PersonalLoans – Recommended Loans Platform For Same Day Small Personal Loans 

#1. MoneyMutual – Best Short Term Loans For Bad Credit, Editor’s Pick 

Company overview

MoneyMutual has been a faithful ally for more than two million Americans who wanted to obtain a short-term loan. The company was established twelve years ago, and ever since, it has set the golden rules for creating online connections in the lending industry.

Today, MoneyMutual is a well-known company, offering its services from the west coast to the east coast. Unlike many other platforms, MoneyMutual is available in almost any state, except for two, which is the highest coverage known in this industry.

Additionally, this lending platform collaborates with respected and credible lending companies, which is why most customers receive responses promptly.


Straightforward application

The application process provided by MoneyMutual is one of the simplest you will find on the lending market. It contains three stages, the last one being the money transfer from the lender to the borrower. Of course, it’s important to mention that MoneyMutual is not a loan provider, and the company’s job is to send your loan request to the lenders in its network.

The most important part of the process is the first stage, where borrowers provide their information and describe their needs. To complete the loan form, you will have to answer how much money you need and eventually explain the reason for requesting that money.

After MoneyMutual receives your loan request, the platform may or may not conduct a soft credit pull. Either way, a soft credit pull won’t hurt your score.

The marketplace will try to find you a lender whose offers match your preferences. If a lending company wants to work with you and has a suitable offer, you can review it and decide whether you accept it.

If you accept the offer, you may get the funds in as little as 24 hours, depending on the lender. If you don’t accept, you can reapply through MoneyMutual to get another offer.


Lenders found in MoneyMutual’s network don’t offer very large loans. However, people who needed to cover emergencies or handle monthly expenses found the loan amounts to be appropriate for the purposes.

You can apply for loans from as little as $100 up to $5,000. Typically, borrowers request payday loans and bad credit loans. However, you may find suitable lenders working with personal loans at reasonable rates and short terms.

When it comes to interest rates and other loan charges, MoneyMutual can’t guarantee how much the loan will cost you. That’s because the company it’s not a broker, creditor, or loan provider. Moreover, it’s not involved in loan decisions.

However, according to the reviews, most clients are very satisfied with the rates, meaning the lenders are trustworthy and practice responsible lending.

=> Click here to visit the official website of MoneyMutual


  • Experienced and reliable
  • Fast approvals
  • Suitable for bad credit borrowers
  • Simple application process
  • Numerous credible lenders


  • Not available in two US states

#2. BadCreditLoans – Reliable Online Loans For People With Bad Credit

Company overview

This platform is led by a respected company that has worked for around twenty years in the lending industry. The company’s idea was to provide a website where potential borrowers could meet potential lenders. Although all borrowers are welcome to use the website, the company’s goal was to enable clients with bad credit scores to find lenders without problems.

BadCreditLoans completed its mission and continues to do so by establishing collaborations with various lenders, credit unions, and lending companies. Through its network, borrowers can find state-licensed and tribal lenders, which is why almost all clients are promptly served.


Straightforward application

We recommend BadCreditLoans to all borrowers who don’t have time to waste waiting in lines in banks or completing separate loan requests for each lender. The lending platform uses a simple three-step process to establish a connection between potential lenders and clients.

Borrowers who want to get a loan can use BadCreditLoans for free. They can start the process by filling out a loan request with their information. After they submit their loan form, the platform may need just a few minutes to find a lender that may meet the borrower’s requirements.

If such a connection occurs, BadCreditLoan redirects the borrower to the lender’s website so that the client can review the offer and read the loan conditions. If both parties agree, the client may get the money as soon as the next business day. Of course, this varies from lender to lender.

While most clients are highly satisfied with BadCreditLoans and its work, some may not agree with the loan offer. In that case, borrowers can return to the platform and submit another loan form.


Besides the easy-to-fill loan form, BadCreditLoans also has a broad network of lenders. Most borrowers need around ten minutes to complete the application, but they may find a lender in a few minutes, thanks to the extended network of credible lenders.

When it comes to available loan types, this lending platform can offer a wide range of loans. Usually, people request payday loans and personal loans. However, with such a broad network, this platform may find lenders that work with credit cards, mortgage loans, student loans, small business loans, and many other types.

You should know that BadCreditLoans has a job to provide a safe connection between you and a potential lender. This means that the lending platform isn’t involved in the loan offer you may or may not receive and can’t guarantee approvals and loan terms. However, customer reviews reveal that most proposals are reasonable.

=> Click here to visit the official website of BadCreditLoan


  • Experienced and trusted
  • Simple application process
  • Many credible lenders
  • Loans up to $10,000


  • Bad credit borrowers may not get more than $5,000

#3. RadCred – Direct Lenders For Short Term Loans Online No Credit Check

Company overview

Although this lending marketplace was established by a younger company compared to the others in our article, it certainly deserves to be a part of the best. The idea of the founders was to create a safe online space where borrowers could shop for loans and meet lenders.

So far, RadCred and its top-notch website have demonstrated that it can compete with the best firms in the industry thanks to its working principles and devotion. The lending platform has the most convenient and easy-to-use interface, with clean pages and a straightforward loan form.

Besides the clean website, RadCred effectively connects hundreds of borrowers with lenders every day because of its vast network of credible lenders that meet industry standards for responsible lending.


Straightforward application

The reason why RadCred became so popular in the online lending industry almost overnight is that the platform provided an easy application process. Of course, the company’s founders realized that the three-stage process is the best and most straightforward way for loan applications.

However, they managed to create a loan form that was so simple and clean that it took borrowers less than ten minutes to complete it. Of course, we don’t recommend rushing through the loan form since wrong information would be a waste of time. However, RadCred’s loan form is so easy to complete that we truly believe no one will have a problem requesting a loan.

As we said, this platform has an extensive network of lenders. Therefore, applicants are usually matched with lenders within a few minutes after they apply. If borrowers find suitable lenders, they can review the loan offers and decide whether they will accept the conditions.

Most borrowers who accepted the offers received the money the next business day. However, the period needed for the money transfer varies and depends solely on the lender.


RadCred doesn’t give much information about the loan types that can be obtained through its platform. We don’t think that’s unexpected as it’s obvious that the company wants to protect itself and prove to its clients that it is not involved in the loan decisions whatsoever.

Since borrowers can request loans from $100 up to $5,000, we assume that the platform collaborates with lenders that offer small short term loans, personal loans, payday loans, and emergency loans.

Furthermore, bad credit borrowers are welcomed to use RadCred, which means that there are lenders that provide bad credit loans. According to the reviews, most clients get the money the next day after approval. Therefore, this platform may be suitable for people who need instant loans with same-day approvals.

⇒ Visit the Official Website of RadCred


  • Dependable
  • A very easy-to-use website
  • Numerous credible lenders
  • Suitable for borrowers with various credit scores


  • Customer service is available only via email

#4. CashUSA – Top Loan Marketplace For Online Loan Instant Funding

Company overview

Even though CashUSA collaborates with personal loan lenders, we included this lending platform because these loan types are very adaptive. Therefore, you can apply for a personal loan through this loan marketplace and repay it in a few months or a year as a short-term loan.

This lending platform has around twenty years of experience. Through the years, CashUSA has built its reputation as one of the most trusted and secure websites in the online lending industry, giving hassle-free access to numerous state-licensed and tribal lenders, credit unions, and other credit-related companies.


Straightforward application

CashUSA was among the first lending platforms that established the three-step application process. That’s not surprising given the fact that the company has operated for over twenty years.

To start the application process, borrowers should first complete a loan request. The loan form contains various questions, and clients should give accurate contact, personal, and financial information. Further, they should explain the reason why they need a loan, how much money they need, their next paycheck date, and other optional questions.

Even though it looks like a lot, the loan form is very simple. Most borrowers need around ten minutes to answer all questions. If the loan form takes ten minutes to complete, even less time is needed for a match. Most clients get matched a few minutes after they apply. However, it’s important to note that this is not always the case, as the platform may not be able to find a suitable lender on such short notice.

If a lender wants to work with you, CashUSA will redirect you to the lender’s website. You can accept or deny the offer. If you accept, you may receive the money in 24 hours on working days. If you decline, you can use CashUSA again to look for another lender.


As we said, CashUSA offers connections to lenders that work with personal loans. While some clients consider the lack of loan diversity a drawback, personal loans are very adaptive and highly demanded. Moreover, through this loan portal, borrowers can find loans from $500 up to $10,000.

Most lenders found on this platform give personal loans with terms from 90 days to 72 months. This means that the loan can work as a short-term loan and can be used for various purposes.

⇒ Visit the Official Website of CashUSA


  • Trusted and reliable
  • Numerous lenders
  • Personal loans up to $10,000
  • May offer credit-related products for credit repair or improvement


  • At least $1,000 monthly income is required

#5. PersonalLoans – Recommended Loans Platform For Same Day Small Personal Loans 

Company overview

Our list wouldn’t have been completed without PersonalLoans, a lending platform that has a stellar reputation and thousands of satisfied customers who testify to its efficiency.

This lending marketplace was established over 20 years ago, and after so many years, it still is one of the best virtual bridges between credible lenders and those who need instant cash the most. The platform is widely respected within the industry and by its clients, who praise PersonalLoans and say that the website was their savior in crucial moments in their lives.

Between its massive lender network, comprehensive loan diversity, and straightforward loan form, PersonalLoans is one of the best lending websites, and it deserves a spot in our article.


Straightforward application

As you may assume, PersonalLoans also utilizes the three-step application process. The company has a simple loan form that is easy to complete and doesn’t contain unnecessary questions. This lending platform has slightly higher eligibility criteria in order to protect the collaborations with the lenders.

However, even though the requirements are higher compared to the other companies in our article, they still are very reasonable and lower than those requested by most of the other lending marketplaces in the industry.

The application process starts the same as the procedures we discussed above. Once you provide your personal, contact, and financial information, you have to submit the loan request and wait for an answer. PersonalLoans will do everything in its power to find a lender that can match your preferences.

If you enter the second stage of the process, that means that the platform has already found a suitable lender willing to work with you. You can read the proposal and decide whether the conditions match your repayment abilities.

If you agree, you and the lender will sign a contract, after which the lender can send you the funds.


PersonalLoans may be the lending platform you were looking for if you’re interested in payday loans, debt consolidation loans, bad credit loans, emergency loans, and personal loans. However, the company has a massive lender network. Therefore, you may find lenders that work with other loan types and get a loan from $1,000 up to $35,000.

If you’re interested in short term loans, you should know that most lenders found through this platform give personal loans with terms from 90 days to 72 months. Therefore, you can explain your situation and needs, and the platform may find an offer that suits you.

It’s crucial to note that, like the other platforms on our list, PersonalLoans is also not a lender or creditor. Therefore, the approvals and loan terms depend solely on the lender.

=> Click here to visit the official website of Personal Loans


  • Very reputable and trusted
  • Loans up to $35,000
  • Convenient and easy to use


  • At least $2,000 monthly income is required

How We Choose These Lending Platforms For Short Term Loans?

Even though it’s not possible to include our entire research in this article, we decided to share with you a part of our journey that led us to the best lending platforms. In this section, we included some of the most crucial criteria we followed and the rules we set.

Although the standards were too high for many companies, we’re glad to report that we found loan companies that helped millions of customers find reliable lenders in a matter of minutes.

Experienced companies

We don’t think that people should gamble when it comes to choosing a lending platform. A lot of important information is required from the borrowers, and many things can go wrong if the website doesn’t know how to handle the situation.

Although we have nothing against new teams and their businesses, they still have to work to build experience in this industry. We put our readers and their needs in the first place and decided to choose only educational, trustworthy, and efficient lending platforms so that borrowers find lenders as soon as possible.

Responsible lending

Another benefit of using an experienced website is the fact that you will most likely find a reliable lender. Platforms that have been in business for many years have built strong collaborations with trustworthy lending companies.

However, not all experienced platforms are equal. You can find companies that are corrupt even among those which have operated for decades.

We managed to find top-notch lending platforms that have joined forces with credible lenders and credit unions. In their networks, you may find various lenders that follow and meet regulations for responsible and fair lending.

Loan types

We wanted to make a combination of multiple platforms where borrowers can look for various loan types. Of course, you can apply for a short-term loan. But, you can also request a personal loan, and if a lender wants to work with you, you can make arrangements and adjust the loan terms to repay it within a year or less.

Additionally, you can apply for various other loan types through some of the platforms in our article. Some of the websites collaborate with numerous lenders, meaning you may obtain car loans, bad credit loans, emergency loans, payday loans, cash advance loans, student loans, and many other types.

Fast responses

There’s no doubt that these lending platforms have very straightforward loan forms. However, there’s another aspect that’s even more impressive than the simplicity of the applications.

These platforms are highly efficient. Thus, they can make connections between borrowers and lenders very quickly. Although each application is different, almost every borrower is connected with a potential lender a few minutes after submitting the request.

However, you have to keep in mind that the response doesn’t depend on the lending platform. The website’s job is to look for an appropriate lender and make the connection. Usually, these platforms can make the connection within a few minutes. Still, they can only do so if there’s a lender interested in working with the applicant.

Factors to Consider When Searching For The Best Short Term Loans for Bad Credit

The fact that there are thousands of platforms that work on connecting borrowers with lenders is both beneficial and potentially dangerous. On the one hand, people have many options, and they can choose a website according to the amount they need, location, and convenience.

On the other hand, with so many options, the market gives the perfect cover for everyone who wants to start their “business” without revealing their true intentions. Many of those websites are disguised as landing platforms. That’s why thousands of people are victims of fraud every day.

So, if you want to enjoy the benefits of using online loan marketplaces and the advantages of negotiating with a lender online, you should take some time to investigate the company you’re planning to use.

With the hope of helping you find a secure and convenient platform, we created this section where you can find some of the most significant factors you should consider when looking for a suitable lending platform.


There’s no need to go for a 1-star website when there are thousands of them you can choose from. We often run into customers who subconsciously think that they should accept the first offer or the first product they receive. That’s not something new. We can’t even count the times when we were at a store and bought a hat or a shirt just because the lady was persuasive.

We understand your need to be nice but choosing a lending platform is not the same as buying clothes that you will never use. If you choose a website that’s not reputable only because the company’s representatives know all the good words, you may end up with a hacked bank account or, God forbid, stolen personal information.

Talk to your friends and call relatives. Ask them whether they have used that particular platform, and if they did, find out whether they were pleased with the services. Further, there are hundreds of review platforms where clients describe their experiences and vote for a particular business. If someone mentions the website you want to use, you can read other people’s opinions.

Additionally, a simple Google search can lead you to notable journals and magazines that research these platforms, review them, compare companies, and follow their progress.


The level of security provided by the lending website is closely related to its reputation. Logically, highly secured platforms have better ratings because people trust them and feel safe using them.

Those companies that are trustworthy and customer-centric know that they should inform their clients about the security measures they use. These companies understand the customers’ privacy and security concerns, and they will do anything to make their customers feel comfortable.

Therefore, if you pick a reliable lending platform, you shouldn’t have a problem finding information about the security protocols and privacy policy. We recommend you use a website that uses encryption technology to protect clients’ data.


Once you make sure that the platform you want to use is trustworthy and protected, you should start looking for the other crucial factors that will help you determine whether the company is suitable for you.

The first feature we recommend you consider is the assortment of loans provided through the website. Many companies collaborate with lenders that offer only one loan type. That’s not a drawback as long as the loan type offered suits your preferences.

You shouldn’t go away from lenders that offer only personal loans. Keep in mind that personal loans are some of the most adaptable types. Moreover, short term loans are very similar to personal loans for bad credit, with an expectation in the repayment schedule. Therefore, many personal loan lenders may adapt their offers, and thus, both parties will be satisfied.

Another element you should consider regarding the loans is the loan amount. Usually, a short-term loan is no more than $5,000 or $10,000, so most platforms collaborate with lenders that give that amount of money. However, if you need more, make sure that you can find a suitable lender through that particular marketplace.

Eligibility criteria

We strongly advise you to check the criteria set by the lending platform for those who want to apply for a loan. This step should not take you much time because most reliable companies include the most basic qualification requirements on their websites.

You will save precious time if you research and look for the requirements you will have to meet to qualify for a loan. We included this recommendation because many people have started the application process and realized that they don’t meet the criteria while completing the loan form.

If you choose a borrower-friendly lending platform, you may find lenders with reasonable requirements. However, keep in mind that the marketplaces are not loan providers. This means that you may not get a loan even if you meet the platform’s criteria because most lenders have additional conditions and requirements.

Simple loan form

What’s the point of wasting 30 minutes to complete a loan form when you can do the same thing three times faster? Truth to be told, applying for a loan online is much faster and easier than doing it in person, even if the website’s loan form is more complex and takes a lot of time to complete.

However, we believe that there’s no reason you should waste your time on complicated applications when there are lending marketplaces that offer straightforward and easy-to-fill loan forms.

That being said, we recommend you take a look at the loan form provided by the website you’re planning to use. You can even give it a try and enter some of your information to see whether it works properly.

Customer support

The support team is a crucial part of every company, especially for those that work with finances. Even though lending platforms are not loan providers or creditors, they are still part of this industry.

To use a lending platform and apply for a loan through its loan form, you will have to provide personal, financial, and contact information. That is important and valuable information, meaning you have to be very careful.

That being said, it’s crucial to have somebody to connect with if you have any sort of issue. That’s why we recommend you research the support team of the lending platform before creating an account. You can call the representatives or send them an email to see whether they are efficient, friendly, and helpful.

Short term loans-  FAQs

Q1. What is a short-term loan?

A short-term loan is a loan type obtained to cover a personal or business need. Usually, these loan types are small. Their most specific feature is that they have to be returned in a short period that doesn’t exceed a year.

Q2. Is a short-term loan the same as a personal loan?

In a way, yes, it is. Both loan types have many similarities, the most important being the reason people request them. Both loan types can be used to manage a financial situation, cover up an emergency, or pay unexpected bills.

The difference between these two loan types is that personal loans can have a longer term, meaning borrowers can accept an offer by which they will have to repay the loan within a period from several months to six or seven years. Of course, the loan terms depend on the lender’s conditions.

On the other hand, borrowers can also use a short-term loan for various reasons. However, these loan types have shorter loan terms. Usually, they have to be repaid within a year. Of course, the terms vary from lender to lender, which is why it’s very important to carefully read the fine print of the contract before accepting it.

Q3. Can I get a short-term loan with a bad credit score?

Yes, you can. There are many lenders and credit unions that work with borrowers with bad credit scores. Of course, you should keep in mind that the private lenders have to consider other factors to determine whether to lend you money in cases where they can’t consider your credit score.

Usually, loan offers for bad credit or no credit history are slightly less favorable. For instance, you may get an offer with excellent interest rates solely based on your good credit. However, this is not always the case, meaning that many bad credit borrowers managed to find lenders willing to work with them and offer loans at reasonable rates.

Q4. Can I get a short-term loan with collateral?

As we mentioned previously in our article, these loan types are highly versatile. They can be used for various reasons. And, the best part is that you don’t have to repay them for years.

Another benefit of these online loan types is that they can be secured or unsecured. Depending on the lender you will find, you can offer a valuable item, vehicle, object, etc., and secure your loan. Secured loans may have better terms.

However, keep in mind that if you break the deal and don’t repay the loan, the lender can take your valuable item since that’s how secured loans work.

Q5. Is a payday loan the same as a short-term loan?

Well, we can say that payday loans are a type of short-term credit. In a way, both loan types are similar, and the only difference is the repayment schedule. Here we have an opposite situation to the one we explained above, where we discussed and compared personal loans with short-term credit.

Short-term credit is a loan type that typically has to be repaid in a year or less. On the other hand, a payday loan, as the name suggests, typically has to be repaid when the borrower obtains their next paycheck. Payday loans have terms of two weeks or one month. In some cases, the lender sends an offer for a loan with a term of two months.

Given that both loan types have short terms, they are very similar. However, keep in mind that payday loans often have very high rates.

Q6. How much money can I get with a short-term loan?

The loan amount depends on the lender. Some lenders offer small payday loans from $1,000 up to $5,000. Although some people need more money, this range can be quite helpful to handle emergencies, repair a car, repay debt, or manage bills.

However, you should also know that lenders are willing to offer more money, giving bigger loans from $1,000 up to $50,000. Still, this may be difficult to repay because if you take a short-term loan, you will probably have to repay the loan in about a year. Therefore, your monthly installments will be very high.

It’s very important to understand the terms and read the fine print of the offer. You should not make rushed decisions. If you are not sure that you understand the conditions, we recommend you talk to the lender and ask them to explain the terms in detail.

Q7. What are the advantages of getting a short-term loan?

These loan types offer multiple advantages. For starters, if you take a short-term loan, logically, there will be less time for accumulating interest because there are fewer payments compared to long-term loans.

Furthermore, these loan types usually have a faster funding time. They may be obtained from borrowers with bad credit scores, and lenders don’t need much time to approve the loan requests. Of course, the chances of obtaining a fast loan are bigger if you choose a reliable and efficient lending platform, like the ones we reviewed in this article.

Last but not least, these loan types may be easier to acquire. They usually have lower eligibility criteria. Therefore, they can be lifesavers for personal expenses or smaller businesses.

Conclusion: What is the easiest short term loan to get approved for?

This is it! We are glad to share our research on the best lending platforms where you may apply for and obtain a short-term loan within 24 hours. Short term loans are quite versatile and may be beneficial for supporting your business or handling personal emergencies. Moreover, they usually have low eligibility criteria, meaning even bad credit borrowers may qualify.

We hope our reviews have given you the necessary information regarding these lending platforms so that you don’t have to waste time and can apply for a loan as soon as possible. MoneyMutual and the other lending marketplaces operate 24/7, and they can provide hassle-free access to various trustworthy lenders.