What is the best bank for quick personal loan?

When seeking a quick personal loan, it’s essential to consider factors such as interest rates, loan processing times, eligibility requirements, and customer service quality. While several banks offer personal loans, some stand out for their efficient application processes and competitive rates. Here are some of the best banks for quick personal loans:

1. Wells Fargo:

Wells Fargo offers online loans with monthly payments and competitive interest rates. They provide an online application process that allows borrowers to receive loan decisions quickly. Existing Wells Fargo customers may benefit from expedited loan processing and discounted rates.

2. Marcus by Goldman Sachs:

Marcus by Goldman Sachs is known for its streamlined loan application process and transparent terms. They offer fixed-rate personal loans with no fees, allowing borrowers to receive funds within a few business days after approval. Marcus prioritizes customer satisfaction and provides responsive customer support.

3. LightStream:

LightStream, a division of SunTrust Bank (now part of Truist), offers quick and hassle-free personal loans with competitive rates. They boast a straightforward online application process and same-day funding for approved applicants. LightStream rewards borrowers with good credit scores and offers rate-beat programs for qualified applicants.

4. Discover Bank:

Discover Bank provides personal loans with flexible terms, no origination fees, and fixed interest rates. Their online application process is user-friendly and allows borrowers to receive loan decisions within minutes. Discover offers fast funding, with approved applicants typically receiving funds within one to three business days.

5. SoFi:

SoFi specializes in personal loans with low rates and no fees. Their online application process is fast and straightforward, with pre-approval available within minutes. SoFi offers borrowers additional benefits, such as unemployment protection and member discounts on other financial products.

6. TD Bank:

TD Bank offers personal loans with competitive rates and flexible repayment terms. Their streamlined application process allows borrowers to apply online or in person at a branch location. TD Bank prioritizes customer convenience and provides personalized support throughout the loan process.


When searching for the best bank for a quick personal loan, consider factors such as interest rates, loan terms, application process efficiency, and customer service quality. By comparing offerings from reputable banks like Wells Fargo, Marcus by Goldman Sachs, LightStream, Discover Bank, SoFi, and TD Bank, you can find a lender that meets your needs for quick funding and favorable loan terms.