Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Loans like Bright Lending

If you’re looking for better online loans like Bright Lending, compare these more affordable loans and cash advance apps.

While Bright Lending offers fast funding on loans up to $3,000 — or $1,200 for first-time customers — interest rates are incredibly high and probably not worth it.

Whether you need to borrow a small amount to get to your next payday or a larger sum to pay back over time, consider these other loans or cash advance apps. Chances are good that you can find a more affordable option than Bright Lending.

Our top picks for loans like Bright Lending

  • Alternative for loans similar to Bright Lending: OppLoans
  • Alternative for building credit: Upstart
  • Alternative for gig workers: Dave
  • Alternative for larger loan amounts: OneMain Financial
  • Alternative for joint applicants: Achieve
  • Alternative for hourly employees: EarnIn

Alternative for loans similar to Bright Lending

OppLoans Installment Loans

4.7 / 5 ★★★★★

Go to site

OppLoans offers fast turnaround installment loans from $500 to $4,000, which is similar to Bright Lending. It also accepts bad credit borrowers, and the loan terms are comparable, at nine to 18 months. But whereas Bright Lending has APRs ranging from 500% to 725%, Opp Loans rates range from 160% to 179%.

  • Not available in: Colorado, Connecticut, Georgia, Iowa, Maryland, Massachusetts, New York, South Dakota, Vermont, Washington, West Virginia
Pros
  • Lower rates than Bright Lending
  • Higher maximum loan amounts
  • No origination fees
Cons
  • Rates are still high compared to other loan options
  • Must receive pay by direct deposit
  • Bank account must be at least 90 days old
Loan amount$500 to $4,000
Loan Term9 to 18 months
Turnaround timeAs soon as the same business day

Alternative for building credit

Upstart personal loans

4.2 / 5 ★★★★★

Go to site

Upstart reports to the three major credit bureaus, which can help you build credit or improve your credit score. This feature is a departure from online loans like Bright Lending, which don't report to credit bureaus. But, like Bright Lending, Upstart accepts borrowers with bad credit or no credit. It also offers larger loan amounts than Bright Lending — from $1,000 to $50,000 — and has much more reasonable rates ranging from 7.4% to 35.99%. But Upstart may charge origination fees up to 12% which adds to the total cost of the loan.

  • Not available in: Connecticut, Iowa, Maine, Maryland, Nevada, New York, Oklahoma, Oregon, West Virginia
Pros
  • Helps to build credit history
  • Better rates than Bright Lending
  • Larger loan amounts
Cons
  • May charge origination fees
  • Minimum loan amount is $1,000
  • Loan terms are limited to 3 or 5 years
Loan amount$1,000 to $50,000
APR7.40% to 35.99%
Interest Rate TypeFixed
Min. credit score300
Turnaround TimeAs soon as the same day
Maximum Loan Term5 years
Minimum Loan Term3 years

Alternative for gig workers

Dave ExtraCash

4.2 / 5 ★★★★★

Go to site

Many lenders, like Bright Lending, need to see a reliable, verifiable source of income to approve loans, which can be difficult for those who are self-employed or work in the gig economy. But Dave — a cash advance provider, not a lender — offers advances up to $500 even to non-traditional workers. You'll have to pay it back out of your next deposit, however, which is a much shorter loan term than Bright Lending. But there are no interest charges or late fees, so you'll only repay what you borrow.

  • Available in all states
Pros
  • No interest or late fees
  • No credit check
  • No direct deposit required
Cons
  • Smaller maximum loan amount
  • Shorter loan terms
  • Charges fees for fast transfers
Loan amountUp to $500
Loan TermVaries
Turnaround timeUp to 3 business days or instant for a fee

Alternative for larger loan amounts

OneMain Financial personal loans

3.4 / 5 ★★★★★

Go to site

Bright Lending's loan amounts top out at $3,000, but with OneMain Financial, you can borrow anywhere from $1,500 to $20,000. And it has much lower rates than Bright Lending, starting as low as 18% and capped at 35.99%. But OneMain Financial charges origination fees up to 10%, and some borrowers may need to visit a branch office to finalize their documents.

  • Not available in: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont
* OneMain Disclosures:

Not all applicants will be approved. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). If approved, not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Loan approval and actual loan terms depend on your state of residence and your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). APRs are generally higher on loans not secured by a vehicle. Highly-qualified applicants may be offered higher loan amounts and/or lower APRs than those shown above. OneMain charges origination fees where allowed by law. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $25 to $500. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Visit omf.com/loanfees for more information. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes.

Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. North Dakota: $2,000. Ohio: $2,000. Virginia: $2,600.

Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: North Carolina: $7,500. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.

Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07.

Time to Fund Loans: Funding within one hour after closing through SpeedFunds must be disbursed to a bank-issued debit card. Disbursement by check or ACH may take up to 1-2 business days after loan closing.
Pros
  • Larger loan amounts
  • Better interest rates
  • Offers a secured loan option
Cons
  • Charges origination fees
  • May have to visit a branch office
  • Minimum loan is $1,500
Loan amount$1,500 to $20,000
APR18% to 35.99%
Interest Rate TypeFixed
Min. credit scoreNot specified
Turnaround TimeAs soon as one hour
Maximum Loan Term5 years
Minimum Loan Term2 years

Alternative for joint borrowers

Achieve personal loans

3.4 / 5 ★★★★★

Go to site

If you're looking for a joint loan, Achieve might have the right solution for you. Plus, when you apply with a qualified co-borrower, you could be eligible for a lower interest rate. Achieve also offers discounts if you can show sufficient funds in a retirement account or have your loan proceeds sent directly to your creditors. Achieve charges origination fees up to 6.99%, but even at the highest rate of 29.99%, it beats Bright Lending APRs by a mile.

  • Available in: Alabama, Alaska, Arizona, Arkansas, California, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington
Pros
  • Multiple rate discounts
  • Larger loan amounts
  • Lower APRs
Cons
  • Minimum loan amount is $5,000
  • Charges origination fees
  • May also charge an underwriting fee
Loan amount$5,000 to $50,000
APR8.99% to 29.99%
Interest Rate TypeFixed
Min. credit score620
Turnaround TimeAs soon as same business day
Maximum Loan Term5 years
Minimum Loan Term2 years

Alternative for hourly employees

EarnIn

4.7 / 5 ★★★★★

Go to site

EarnIn is a paycheck advance app rather than a lender like Bright Lending, but it won't check your credit or charge interest or late fees. In fact, EarnIn offers completely free advances up to $750 that you'll repay once your next paycheck drops. You'll only pay a small fee if you don't want to wait one to three days for free delivery of your funds. But you may have to submit timesheets or otherwise prove your hours worked.

  • Not available in: Connecticut
EarnIn is not a bank. Access limits are based on your earnings and risk factors. Available in select states. Terms and restrictions apply. Visit EarnIn.com for full details. Expedited transfers available for a fee. Visit Earnin.com for full details.
Pros
  • Advances up to $750 per pay period
  • No interest or late fees
  • No credit check
Cons
  • Advance based on hours worked
  • Can only request $150 per day
Loan amountUp to $150/day, with a max of $750 between paydays
Loan Term1 to 4 weeks
Turnaround time1 to 3 business days or within minutes for a fee starting at $2.99 per transfer

How does Bright Lending compare?

Bright Lending has rates far and away higher than any other provider on this list. So high, in fact, that you could end up paying more than four times what you actually borrowed. But it does offer fast loans between $300 and $3,000, and even borrowers with bad credit may be eligible.

Pros

  • Fast funding
  • Loans from $300 to $3,000
  • Accepts bad credit borrowers

Cons

  • APRs up to 725%
  • Requires bi-weekly payments
  • Limited loan terms
  • Very poor customer reviews
Megan B. Shepherd's headshot
To make sure you get accurate and helpful information, this guide has been edited by Megan B. Shepherd as part of our fact-checking process.
Lacey Stark's headshot
Written by

Writer

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

More resources on Finder

More guides on Finder

Ask a question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site