Get a $600 Loan in 24 Hours

Sometimes, you need to get your hands on some quick funding. Maybe your car needs repairs or your furnace went kaput, and you don’t have extra cash to pay for the expense. Luckily, multiple sources provide fast funding, such as online banks and connection services, credit unions and payday loan lenders.

9 lenders that offer $600 loans for all credit types

Even if you don’t have a great credit score, there are plenty of options to obtain a $600 loan. Compare lenders that offer $600 loans and the requirements needed to apply.

Provider	Requirements	Loan type	Finder rating
OppLoans	Resident of an eligible state Meet the minimum age requirement for your state Open bank account that is at least 90 days old	Installment loan	★★★★★	Go to site
Ace Cash Express	Regular source of income Valid Social Security number or Individual Taxpayer Identification Number (ITIN) Active checking or savings account Reside in a serviced state At least 18 years old Not involved in bankruptcy	Payday or Installment loan	★★★★★	Go to site
LendYou	Minimum income of $1,000 per month Valid checking or savings account with direct deposit Meet the minimum age requirement for your state US citizen or permanent resident	Payday or Installment loan	★★★★★	Go to site
Fast5Kloans	Have a regular source of income Have a verifiable bank account Be a US citizen Be at least 18 years old	Payday loan	★★★★★	Go to site
RISE Credit	18 years old (19 in AL and NE) Live in a state RISE services Regular source of income Active and valid checking account (savings and prepaid accounts not accepted) Email address to receive account information	Payday or Installment loan	Not yet rated	Go to site
CashNetUSA	Active checking account Regular source of income US citizen or permanent resident At least 18 years old	Payday loan	★★★★★	Go to site
Check Into Cash	At least 21 years old, 19 in Alabama Active checking account open for at least 90 days US citizen or permanent resident Active phone number Valid email address	Payday loan	★★★★★	Read review
Possible Finance	Checking account with at least three months of banking history Regular income of at least $750 per month Live in a state serviced by Possible Finance At least 18 years old	Installment loan	★★★★★	Read review
Digital Federal Credit Union	Work or have worked for a company that’s listed as a participating employer Member of a participating organization, community or condo association Related to an existing member	Personal loan	★★★★★	Read review

How much does a $600 loan cost?

Depending on the lender, you may be charged either interest or fees on a $600 loan. For example, if you go through a payday loan lender, you will likely pay a set fee, typically between $10 to $30 per $100 borrowed, according to the Consumer Financial Protection Bureau. While that may not seem like a lot, $15 per $100 on a two-week loan equates to a nearly 400% APR.

On the other hand, if you apply for a short-term installment loan from a bank or credit union, you’ll be charged an interest rate instead. Interest rates for personal loans usually vary between 6% to 36%. However, not all banks and credit unions offer loans of this size, but many online lenders may offer $600 loans.

The cost of a $600 loan may also include fees, such as an origination fee between 1% and 10% of the loan amount. Also, be aware of any late payment fees, prepayment penalties or “hidden” fees.

Calculate your monthly loan payments

Use our calculator to compare monthly loan payments based on a $600 loan at different interest rates and loan terms.

How long does it take to get a $600 loan funded?

Depending on your lender and how you receive the money, funding could be as fast as a few minutes or up to a day or two. For example, if you get a loan through a cash advance app, you might receive the loan within minutes. If you get a $600 loan through a payday lender or credit union, you could have the money as soon as the same day or within the next one to two business days.

How to pay off $600 in debt

With many short-term $600 loans, you’ll have a set repayment schedule, including interest charges, which you’ll repay in equal installments. Ask your lender about any prepayment penalties if you think you can repay the loan before its due date. Paying the $600 loan off early will save you in interest charges, so it’s a smart move if you can manage it.

If you borrow money through a cash advance app or from a payday lender, you may have to repay the full amount by a specific due date. Or, in some cases, you may have the option to repay the money in two or more installments. You may also have to provide your bank account and routing numbers and agree to have the loan amount (or payments) deducted directly from your account.

Eligibility requirements for a $600 loan

Requirements to qualify for a $600 loan are usually less strict than larger loan amounts. In general, eligibility requirements typically include:

• Be at least 18. Most lenders require you to be at least 18 years old to apply for a loan, but you may need to be older in some states.
• Proof of income. Whether you have a regular job, are self-employed or receive income from other sources, lenders need proof that you have regular money coming in.
• Documentation. In addition to proving your income (through W-2s, bank statements or other means), lenders typically require other documentation like proof of identity, Social Security number and an address.
• Credit check. Not all short-term lenders require a minimum credit score to qualify, but many check your credit to determine your interest rates and terms for the loan.

How to increase your chances of approval

• Check your credit report. Obtain a free copy of your credit report to know your credit score and check for any errors or inaccuracies you can dispute.
• Get prequalified. Many lenders allow you to prequalify so you can get an idea of what your rate and terms will be.
• Compare lenders. Don’t go with the first lender that offers $600 loans. Compare multiple lenders to get the best deal for your situation.

What to watch out for

As you shop for $600 loans, there are some important issues to consider.

• Reputation of the lender. Even after you’ve found a loan that fits the bill, dig a little deeper, read some reviews and make sure you’re working with a reputable lender.
• Fees. Be aware of any fees associated with the loan, such as origination fees, because these impact the total cost of the loan. Finding a personal loan without an origination fee can save you considerable cash.
• Loan terms. Lenders who deal in small loan amounts typically have short repayment schedules, so it’s important to make sure you can repay the loan within the required time frame.
• Guaranteed approval. Lenders who advertise “guaranteed approval” or “no credit check required” should raise a red flag. At the very least, do further research on the lender before applying.
• State you live in. Some lenders may not operate in your state.

Alternatives to short-term loans

If you’re looking for other alternatives, consider these options.

• Borrow from yourself. If you have an emergency fund and you need fast cash, this might be a good time to tap into your rainy-day stash.
• Get a payday alternative loan (PAL). Some federal credit unions offer less expensive PAL loans in amounts from $200 to $1,000. The interest rates are capped at 28%, and loan terms are between one and six months.
• Credit card cash advance. In a pinch, you could take a cash advance from your credit card to cover emergency expenses. But keep in mind that interest rates for cash advances are much higher than for regular purchases. Refer to your card agreement for exact rates.

Frequently asked questions

Can I get a $600 loan with bad credit?

Yes. Many lenders that offer smaller loan amounts are willing to take a chance on borrowers with less-than-perfect credit. Bad credit may result in higher interest rates or fees, but you can probably still qualify for loan approval.

Can I get a $600 loan with no credit check?

Maybe. Most short-term lenders will check your credit report even if they accept borrowers with low credit scores. However, some lenders may not conduct a credit check, so do your research to ensure you’re dealing with a reputable lender.

Other loan amounts

• $50
• $100
• $200
• $300
• $500
• $1000