Need $700 Fast? Here’s Where to Get a Loan Today

Life can throw unexpected financial curveballs—whether it’s a medical emergency, car repair, or an overdue bill. If you’re short on cash and need $700 fast, you’re not alone. In today’s economy, where inflation and rising costs are squeezing budgets, quick loans can be a lifeline. But where do you find a legitimate lender without falling into a debt trap?

This guide covers the best options for securing a $700 loan quickly, along with red flags to avoid and smart borrowing tips.

Best Places to Get a $700 Loan Fast

1. Online Lenders

Online lenders like Upstart, LendingClub, and Avant offer personal loans with fast approval times—sometimes within 24 hours. These platforms use AI-driven underwriting, meaning even borrowers with fair credit (580–669 FICO) may qualify.

Pros:
- Funds deposited directly into your bank account
- Competitive interest rates compared to payday loans
- Flexible repayment terms (12–60 months)

Cons:
- Hard credit check may temporarily lower your score
- Some lenders charge origination fees

2. Credit Unions

If you’re a member of a credit union, you may qualify for a payday alternative loan (PAL). These small-dollar loans cap interest at 28%, far lower than predatory lenders.

How to apply:
- Visit a local branch or apply online
- Provide proof of income and membership
- Receive funds within 1–2 business days

3. Cash Advance Apps

Apps like Earnin, Dave, and Brigit let you borrow up to $700 before payday—often with no interest. Instead, they ask for optional tips or charge small membership fees.

Best for:
- Avoiding high-interest payday loans
- Borrowers who need <$500 instantly

Warning: Some apps require access to your bank account, which could lead to overdraft fees.

4. Peer-to-Peer (P2P) Lending

Platforms like Prosper connect borrowers with individual investors. Loan amounts start at $2,000, but if you need slightly more than $700, this could be an option.

Key features:
- Fixed monthly payments
- APR ranges from 6%–36%
- Funding in as little as 3 days

Red Flags to Avoid

Predatory Payday Loans

Payday lenders advertise "no credit check" loans but charge 400%+ APR. If you borrow $700, you could owe over $1,000 in two weeks.

Alternatives:
- Ask for an employer advance
- Negotiate payment plans with creditors
- Use a 0% APR credit card

Loan Scams

Fraudsters often:
- Demand upfront fees
- Guarantee approval without checks
- Contact you via unsolicited calls/texts

Rule of thumb: If it sounds too good to be true, it probably is.

Smart Borrowing Tips

1. Check Your Credit Score

Free tools like Credit Karma or Experian can help you gauge loan eligibility. A higher score (670+) unlocks better rates.

2. Compare Lenders

Use sites like NerdWallet or Bankrate to compare APRs, fees, and funding speed.

3. Read the Fine Print

Watch for:
- Prepayment penalties
- Automatic renewals (common in payday loans)
- Hidden fees

4. Consider a Side Hustle

If time allows, gig apps (DoorDash, Uber, TaskRabbit) can help you earn $700 in a week.

Final Thoughts

Needing $700 fast is stressful, but rushing into a high-interest loan can worsen financial strain. Explore credit unions, cash advance apps, or online lenders first—and always borrow responsibly.

By weighing your options and avoiding scams, you can secure the funds you need without long-term regret.