Find Short-Term Loans from Licensed Lenders
A short-term loan is a small personal loan you repay within a year or less. Amounts usually fall between $100 and $5,000, and the money often reaches your bank account the same day you are approved. You can find both secured loans (you pledge collateral such as your car title) and unsecured loans (no collateral required).
Since different lenders offer varying rates and terms for short-term loans, getting multiple offers helps you find the most affordable option. 24CashFast connects you with numerous licensed lenders through one application, allowing you to compare actual rates and terms instead of guessing which lender might offer the best deal for your situation.
24CashFast Loan Options: Quick Comparison
Your loan amount and repayment ability determine which option works better. Use this table to see which loan type matches your situation:
| Loan type | Typical amount | Repayment term | APR range* |
|---|---|---|---|
| Payday loan | $100–$1,000 | 2–4 weeks | 200%–650% |
| Installment loan | $300–$5,000 | 3–12 months | 35%–180% |
*APR ranges are national estimates published by the Consumer Financial Protection Bureau (CFPB) and state regulators in 2025.
When facing unexpected expenses, payday loans work on a simple schedule—you write a post-dated check or authorize electronic access, then repay the full amount plus fees (typically $15-$30 per $100) on your next payday. This makes them ideal for small amounts, you can pay back quickly.
For larger financial needs, installment loans spread repayment over several months through fixed monthly payments that include both principal and interest. This structure works better for larger amounts or when you need more time to repay, typically offering loan amounts from $1,000 to $5,000 over three to twelve months.
The key difference: payday loans offer speed and simplicity for immediate needs, while installment loans provide larger amounts with predictable monthly payments that fit your budget over time.
Eligibility basics
Every lender sets its own rules, yet most will expect you to:
- Be at least 18 and a U.S. resident
- Show a steady income (job, benefits, or self-employment)
- Provide an active checking account
- Present a government-issued photo ID
When is a short-term loan a good idea?
Use a short-term loan only for urgent expenses you cannot cover in any other way. Examples include:
- An emergency vet bill for your pet needs to be paid today
- Essential car repair so you can keep getting to work
- Medical co-pay that you cannot wait for your next paycheck
Short-term loans work best when you have reliable income coming within days or weeks, not months. If you're already behind on existing debts or unsure about your next paycheck, these loans can create a cycle where you need to borrow again to pay off the first loan.
Get Multiple Loan Offers Through One Application
24CashFast is not a direct lender. We are a free matching service that connects you with a large network of licensed lenders across the United States. Here's exactly how our streamlined process works to get you multiple offers quickly:
- Complete the short form on 24CashFast with your contact info, income, and banking details (about 3–5 minutes).
- Review pre-qualified offers that appear on your screen. Each offer shows the loan amount, APR, fees, and due date.
- Select the offer you like best and finish any extra verification the lender requests (e.g., pay stub upload).
- Sign the digital loan agreement and wait for the funds.
You owe no fees to 24CashFast for using the service. All costs come directly from the lender and are disclosed before you sign.
Have these ready before you apply: recent pay stub or bank statement showing income, government-issued ID, checking account details (routing and account number), and your Social Security number. Having everything prepared speeds up approval.
Poor Credit Still Qualifies
Even with bad credit or no credit history, you can still get approved through our network. Many of our partner lenders focus on your current income and ability to repay rather than past credit problems. While poor credit may result in higher APRs or lower loan amounts, having multiple lenders review your application increases your chances of finding someone willing to work with your situation.