A personal line of credit can provide more flexible funding than other lending options, and it’s a renewable source that you can draw on as needed without having to reapply. Many lenders offer instant approval and fast funding, although you may need good credit to qualify. Compare these lenders that offer instant approval — or as near as we could find! — on personal lines of credit with a variety of credit limits and options for borrowers with a range of credit scores.
U.S. Bank offers personal lines of credit up to $25,000 and typically grants approval in less than a minute if qualified — with funding as soon as a few hours later. Rates range from 11.75% to 22.5%, potentially giving you a better rate than a credit card but with a lot more flexibility. The same rate applies for advances, balance transfers or purchases, and you can access the funds in multiple ways, including debit cards, checks, ATMs and more. You could even set up your line of credit as overdraft protection for your checking account. But you need to be an account holder with U.S. Bank to qualify, and it charges transaction fees.
Min. credit score
680
APR
11.75% to 22.50%
Loan amount
Up to $25,000
Available in all states
U.S. Bank offers personal lines of credit up to $25,000 and typically grants approval in less than a minute if qualified — with funding as soon as a few hours later. Rates range from 11.75% to 22.5%, potentially giving you a better rate than a credit card but with a lot more flexibility. The same rate applies for advances, balance transfers or purchases, and you can access the funds in multiple ways, including debit cards, checks, ATMs and more. You could even set up your line of credit as overdraft protection for your checking account. But you need to be an account holder with U.S. Bank to qualify, and it charges transaction fees.
Pros
Unsecured line of credit up to $25,000
No annual fee
Flexible access to funds
Cons
Must be a U.S. Bank account holder
Charges transaction fees
No interest-free grace period
Loan amount
Up to $25,000
APR
11.75% to 22.50%
Interest Rate Type
Variable
Min. credit score
680
Min. credit score
680
APR
11.75% to 22.50%
Loan amount
Up to $25,000
Best marketplace
LendingTree lines of credit
9.2
Excellent
The LendingTree marketplace gives you instant access to lenders nationwide that offer personal lines of credit — many of which may have fast approval and funding processes. Interest rates vary by lender — and whether you opt for a secured or unsecured credit line — but could start as low as 8%. But you might need good to excellent credit to qualify, and there may be limited availability in your area.
Min. credit score
Good to excellent credit
APR
Starting at 8%
Loan amount
$500 to $50,000
Available in all states
The LendingTree marketplace gives you instant access to lenders nationwide that offer personal lines of credit — many of which may have fast approval and funding processes. Interest rates vary by lender — and whether you opt for a secured or unsecured credit line — but could start as low as 8%. But you might need good to excellent credit to qualify, and there may be limited availability in your area.
Pros
Compare multiple lenders
Rates as low as 8%
Easy application process
Cons
May need good to excellent credit
Limited availability depending on where you live
May receive a lot of marketing materials
Loan amount
$500 to $50,000
APR
Starting at 8%
Interest Rate Type
Fixed
Min. credit score
Good to excellent credit
Min. credit score
Good to excellent credit
APR
Starting at 8%
Loan amount
$500 to $50,000
Best for a small line of credit
Huntington Bank Standby Cash
If you only need a small credit line to tap into as needed, Huntington Bank offers a digital line of credit up to $500 for existing customers. If eligible, you can open it instantly online or from your mobile app — no paperwork, phone call or trip to the bank needed. It charges 5% for each transfer, but if you pay it back over three months with automatic payments, it won't charge you interest. If you need to take more time, a 1% monthly interest charge applies, which equates to an APR of 12% — far better than a credit card.
Min. credit score
Not stated
APR
12% on outstanding balance
Loan amount
$100 to $500
Only available in: Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, Wisconsin
If you only need a small credit line to tap into as needed, Huntington Bank offers a digital line of credit up to $500 for existing customers. If eligible, you can open it instantly online or from your mobile app — no paperwork, phone call or trip to the bank needed. It charges 5% for each transfer, but if you pay it back over three months with automatic payments, it won't charge you interest. If you need to take more time, a 1% monthly interest charge applies, which equates to an APR of 12% — far better than a credit card.
If your credit isn't the best, Elastic offers credit lines with less stringent credit requirements than many lenders, and approval and funding times are fast. Lines of credit range from $500 to $4,500, and you can opt to receive funds instantly by direct deposit or within a couple of days by check. Elastic doesn't charge interest but imposes a 10% fee on all transfers and a carried balance fee between $5 and $350.
Loan amount
$500 - $4,500
Turnaround time
1+ business day
Online application
Yes
Not available in: Colorado, Connecticut, Georgia, Hawaii, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Vermont, Virginia, West Virginia
If your credit isn't the best, Elastic offers credit lines with less stringent credit requirements than many lenders, and approval and funding times are fast. Lines of credit range from $500 to $4,500, and you can opt to receive funds instantly by direct deposit or within a couple of days by check. Elastic doesn't charge interest but imposes a 10% fee on all transfers and a carried balance fee between $5 and $350.
Truist offers personal lines of credit from $5,000 to $50,000 with a fast approval process and funding as soon as the same day. Rates range from 13.19% to 17.49%, which is higher than some of the competition but still better than most credit cards. And it doesn't charge application or transfer fees. It also has a secured option if you have at least $100,000 in eligible investments or a more modest line of credit from $300 to $7,500. But if you're not a Truist client, you'll need to apply at a physical location, and you'll need excellent credit to get its lowest rate.
Min. credit score
Not stated
APR
13.19% to 17.49%
Loan amount
$5,000 to $50,000
Available in: Alabama, Arkansas, California, District of Columbia, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia
Truist offers personal lines of credit from $5,000 to $50,000 with a fast approval process and funding as soon as the same day. Rates range from 13.19% to 17.49%, which is higher than some of the competition but still better than most credit cards. And it doesn't charge application or transfer fees. It also has a secured option if you have at least $100,000 in eligible investments or a more modest line of credit from $300 to $7,500. But if you're not a Truist client, you'll need to apply at a physical location, and you'll need excellent credit to get its lowest rate.
Pros
Unsecured credit line up to $50,000
No application or transfer fees
Funding as soon as the same day
Cons
Need excellent credit to get the best rates
May have to apply in person
Not available in all states
Loan amount
$5,000 to $50,000
APR
13.19% to 17.49%
Interest Rate Type
Fixed
Min. credit score
Not stated
Min. credit score
Not stated
APR
13.19% to 17.49%
Loan amount
$5,000 to $50,000
Methodology: How we picked the best providers
Finder loan experts compare dozens of lenders before narrowing down the best personal lines of credit in the current market, and we regularly review our selections. Factors we consider include fees, credit line amounts, interest rates, reputation and customer reviews.
Factors weighed in our methodology for the best instant approval lines of credit include:
Turnaround times
Range of interest rates
Additional fees charged
Credit score requirements
Range of borrowing limits
Flexible repayment options
Better Business Bureau ratings and reviews
Trustpilot ratings and reviews
Number of states served
Finder also maintains strict editorial integrity and independence. Our content and suggestions are fair, accurate and trustworthy, and our advertisers or partners don’t influence our opinions. To learn more, check out our editorial guidelines.
The Finder Score crunches 6+ types of personal loans across 50+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
Prequalifying for a line of credit is typically straightforward, and the process should be similar with most lenders — as long as they offer prequalification.
Fill out the initial application.
Undergo a soft credit check.
Wait to hear if you prequalify (usually within minutes).
Review your loan offer.
Formally apply with a hard credit check.
Alternatives to personal lines of credit
If you want to explore all your options, consider these alternatives to a personal line of credit.
Credit cards. While credit cards typically have higher rates than personal lines of credit, they may be easier to qualify for. Even better if you can get a card with a 0% introductory rate that offers free financing for up to 18 months or more.
Home equity lines of credit (HELOCs). A home equity line of credit usually comes with a lower rate than an unsecured personal line of credit. But, you’ll need to be a homeowner, and it puts your house at risk.
Personal loans. A larger pool of lenders offer personal loans than lines of credit, and many have more lenient requirements to qualify.
Lacey Stark is a freelance personal finance writer for Finder, specializing
in banking, loans, investing, estate planning, and more. She has 20
years of experience writing and editing for magazines, newspapers, and
online publications. A word nerd from childhood, Lacey officially got her
start reporting on live sporting events and moved on to cover topics
such as construction, technology, and travel before finding her niche in
personal finance. Originally from New England, she received her
bachelor’s degree from the University of Denver and completed a
postgraduate journalism program at Metropolitan State University also
in Denver. She currently lives in Chicagoland with her dog Chunk and
likes to read and play golf. See full bio
A review of Pennie Financial, a company that appears to be a personal loans marketplace but likely shares your information with debt settlement partners.
Learn how you can verify your income and increase your chances of approval — even if you’ve only been working a few months.
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Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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