Best Ways To Get a $600 Loan Quickly

To get a $600 loan, you can apply online through a personal loan lender, a credit union or a payday lender. Most lenders ask for proof of steady income, an active bank account and a valid ID. Once you are approved, funds can be deposited into your account the same day or within one to two business days.

Other options, such as cash advance or earned wage access (EWA) apps, aren’t loans and don’t charge interest, but many charge optional tips, subscription fees or express transfer fees. 

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Most personal loans start at around $2,000, and taking out a larger loan than you need means you’ll be paying more interest and could ultimately pay more for the money you need.

Finding a $600 loan can be challenging, but this list of lenders offering smaller loans can help you get started.

MoneyLion offers a service to help you find personal loan offers. Based on the information you provide, you can get matched with offers for up to $100,000 from our top providers. You can compare rates, terms and fees from different lenders and choose the best offer for you.

Key Takeaways

• How do you get a $600 loan? Apply online through a personal loan lender, credit union or payday lender: Most want proof of steady income, a bank account and a valid ID.

• A credit union is the cheapest route: Federal credit unions cap small-loan APRs at 18%.

• Cash advance and EWA apps are the fastest, and they aren't loans: They can send funds in minutes for at most a small fee or optional tip, with no interest.

• Bad credit isn't a dealbreaker: Many small-dollar lenders weigh your income and bank activity instead of your score.

• Watch the true cost: A $600 payday loan at $15 per $100 costs about $90 in fees — an APR near 391%.

• Try alternatives first: Earned wage access, a 0% APR card or bill negotiation may cost far less than a small loan.

Summary generated by AI, verified by MoneyLion editors

The Fastest, Cheapest and Easiest Way to Get a $600 Loan

One of the fastest ways to get $600 is a cash advance app that funds in minutes, though these are not loans. One of the cheapest ways is a credit union small-dollar loan with an annual percentage rate (APR) capped at 18%. One of the easiest ways, if you have fair credit, is to get an online personal loan with soft-pull prequalification.

• Fast: Cash advance apps can send funds in as little as five minutes to an hour.

• Cheap: Federal credit unions cap the APR on small personal loans at 18%.

• Easy: Online lenders let you prequalify in a few minutes with no hard credit check.

$600 Loan Eligibility Requirements

Most lenders have similar loan eligibility requirements before they approve a $600 loan.

• Minimum monthly income: Most lenders require at least $1,000 in monthly income deposited into your bank account.

• Age: At least 18 years old, or 19 in Alabama and Nebraska.

• ID: A valid government-issued photo ID and a Social Security number or individual taxpayer identification number (ITIN).

• Bank account: An active checking account in your name that can accept direct deposit.

• State: You live in a state where the lender is licensed to operate — payday and installment lenders are banned or capped in 18 states.

Learn More: How To Get a $700 Loan

How To Get a $600 Loan With Bad Credit

You can still get a $600 loan with bad credit. Many small-dollar lenders look at your income and bank activity instead of your credit score. Some do a soft credit check that will not hurt your score, while others skip the credit check completely. 

To improve your odds of approval with bad credit, you can:

• Show steady income: Add pay stubs or bank statements from the last 30 to 60 days.

• Use a co-signer: A co-signer with good credit can help you qualify.

• Try a credit union: Small credit unions often have flexible rules for members.

• Pick a cash advance app: Many advance apps, which aren’t loans, do not check your credit at all.

How the $600 Loan Process Works Step by Step

1. Check your eligibility: Confirm you meet the age, income and residency rules.

2. Compare lenders: Look at annual percentage rate (APR), fees and repayment terms side by side.

3. Submit proof of income: Upload pay stubs, bank statements or tax documents.

4. Link your bank account: Connect a checking account so the lender can send funds and pull payments.

5. Sign the loan agreement: Review the terms and e-sign the contract.

6. Receive your funds: Some lenders deposit the $600 in one business day or less.

9 Options for Fast $600 Loans for All Credit Types

These lenders all offer $600 loans, including some options designed for borrowers with poor or no credit score. Keep in mind that these are cash options. See non-cash options in the Alternatives section.

1. Oportun

• Types of loans: Interest-based personal loans, including loans secured by vehicle collateral

• Loan size: $300 to $10,000, or $2,525 to $18,500 when you use a car title to secure the loan

• Credit check: Oportun performs a soft inquiry to prequalify you for a loan. Once you submit a formal application, the lender performs a hard inquiry.

Oportun considers credit history but also allows co-signers and may approve applicants who have filed for bankruptcy.

2. Uprova

• Types of loans: Interest-based personal loans

• Loan size: $300 to $5,000

• Credit check: Uprova states that applying for a loan will not affect your FICO credit score. If you're approved, your loan payments will be reported to credit bureaus and may affect your credit score.

Uprova, a tribal lender, offers loans for borrowers with poor or excellent credit. Online applications are quickly processed, and Uprova states that borrowers typically receive funds within 30 minutes. You can apply 24/7/365. Be sure to verify your loan terms and APR before you sign, as costs can be much higher than loans from traditional banks.

3. Navy Federal Credit Union

• Types of loans: Interest-based personal expense loans

• Loan size: $250 to $50,000

• Credit check: Most loan applications are processed within minutes, and approval is based on factors such as credit history and income. NFCU doesn’t specify a minimum credit score to qualify for a loan.

You must be an NFCU member to apply for a loan. Active duty military, veterans, Department of Defense employees and their immediate family members are eligible to join.

4. Quick2Lend

• Types of loans: Interest-based personal loans

• Loan size: $250 to $3,000

• Credit check: Quick2Lend welcomes borrowers with all credit scores.

Quick2Lend states that borrowers may be approved within three minutes and could receive their money in as little as 15 minutes via direct deposit.

5. Afterpay

• Types of loans: No-interest loan (on purchases from partner brands)

• Loan size: Not specified, but you can request higher spending limits

• Credit check: Afterpay initially performs a soft credit check when you sign up, which won’t affect your credit score.

Afterpay doesn’t pay you in cash, but allows you to split retail purchases into four payments. Afterpay splits a purchase into four interest-free payments over six weeks, with late fees if you miss one. Its separate Pay Monthly option charges interest.

6. Wise Loan

• Types of loans: Interest-based installment loans

• Loan size: $200 to $1,500 for first-time borrowers (loan minimums are $601 and $500 in South Carolina and Mississippi, respectively). Returning borrowers may qualify for loans up to $3,500.

• Credit check: Wise Loan states that everyone has a chance to qualify, regardless of their credit history.

You may be able to receive your funds the same day if you apply by 11:00 am CST. Loan interest rates are fixed, and payments are scheduled. You also have the option to return the installment within three days without paying any fees.

7. Premier America Credit Union

• Types of loans: Easy Cash interest-based personal loans

• Loan size: Up to $2,000

• Credit check: No credit check is performed, so applying won’t affect your credit, and your credit score doesn’t affect your chance of approval.

Funds are deposited into your account immediately once you’re approved, and payments are fixed over 12 months. To apply, you’ll need to be a Premier America Credit Union member, and must have access to online banking.

8. Emprise Bank

• Types of loans: Short-term CashPlease loans

• Loan size: Up to $875

• Credit check: No credit check is performed, so applying won’t affect your credit score. Emprise Bank considers your ability to repay the loan when reviewing the application.

You must be an Emprise Bank customer to apply for a CashPlease loan, and you must have had an account for at least 140 days. Once approved, borrowers normally receive the cash in their account within 24 hours.

9. Spotloan

• Types of loans: Interest-based installment loan

• Loan size: $300 to $800

• Credit check: Spotloan performs a credit check and reports payment activity to credit bureaus, so it can impact your credit score. Applicants may be approved, even with bad or no credit.

Spotloan, a tribal lender, allows borrowers to take up to 10 months to repay the loan. If you’re approved and accept the terms before 1:30 p.m. CT on a weekday, Spotloan will transfer your funds by the end of the day. This can be a very expensive option, with APRs as high as 490%.

How To Get $600 Fast

If you need $600 quickly, lenders like Uprova and Quick2Lend process applications and transfer funds on the same day. Though you may be in a hurry to get your funds, be sure to take the time to read all of the terms and conditions of each loan option before deciding which is best for you.

Learn More: How To Get a $300 Loan Today

What To Consider Before You Get a $600 Loan

A loan might seem like a fast and simple solution, but consider everything involved.

Interest Rates and Fees

Interest rates and fees can vary substantially, and if you have poor credit, interest rates can be very steep.

Fees can vary, too. Look for origination fees, which can drive up your overall costs. Repaying the loan quickly may help you save on interest, but make sure that there isn’t an early prepayment penalty.

Loan Terms

Consider the loan's overall terms and structure, too. Some short-term loans give you less than a year to repay them, while others have longer term lengths of one or more years.

Can You Pay Back the Loan?

Think about whether you'll be able to repay the loan with interest and fees included. Those extra costs can make paying down your balance difficult, trapping you in a debt cycle that’s hard to get out of.

The True Cost of a $600 Loan

The true cost of a $600 loan depends on the APR, the loan term and any fees the lender charges. On a 12-month personal loan at a 36% APR, you would pay about $123 in interest and repay $723 total. On a two-week payday loan at a typical $15 fee per $100 borrowed, the same $600 would cost $90 in fees — the equivalent of a 391% APR.

To picture the true cost, look at how much you pay for every $100 you borrow.

• Low-cost personal loan: About $6 to $12 per $100 borrowed over a one-year term.

• Short-term installment loan: About $15 to $25 per $100 borrowed.

• Payday-style loan: About $15 to $30 per $100 borrowed for a two-week term.

• Cash advance app: Some charge a flat fee of $1 to $9 per $100 borrowed, plus optional tips.

So a $600 loan could cost you anywhere from $36 in fees on the low end to $180 on the high end.

Learn More: How To Get a $500 Loan

Alternatives to a Small Loan

A small loan isn't always the best option if you need money to cover an unexpected expense or get you through a tight financial period. You might want to consider some loan alternatives that can still help you get cash:

• Earned wage access (EWA): Earned wage access allows you to access a portion of your earned wages before you receive your paycheck. It's a short-term solution that can help you meet immediate financial needs, and it tends to be highly affordable. Your advance is repaid out of your paycheck, so you don’t pay interest on your money, unlike you will with a loan.

• 0% APR credit cards: If you have good credit, you may be able to qualify for a credit card with a 0% APR introductory period. You can use the card to cover short-term costs, and if you can pay down your balance in full before the end of the introductory period, you won’t pay interest on your purchase.

• Negotiate your bill: If you need cash to cover a bill, try contacting the lender directly. You may be able to negotiate with the lender, paying what you can now and then spreading the remaining balance out over the next few months.

After you've paid down your current $600 expense, consider creating an emergency fund. Building up an emergency fund is one of the best ways to cover unexpected bills, but you have to start ahead of time.

Open a separate savings account and make regular, scheduled deposits so you have funds available and don’t have to rely on debt for unexpected expenses. Ideally, it's best to have three to six months of living expenses saved up, which can give you peace of mind and help keep you financially stable.

$600 Personal Loan vs. Payday Loan

The right pick depends on how fast you need the money and whether you want to avoid a credit check. 

Learn More: How To Get a $30,000 Loan

How To Get a $600 Loan FAQ

How can I get a $600 loan fast?

Apply with an online lender that offers same-day funding. If you apply early in the day and your bank supports instant transfers, you can often get the money within a few hours.

Where can I get a $600 loan with bad credit?

Credit unions and some online personal loan lenders offer $600 loans to borrowers with bad credit. Many focus on your income and bank activity instead of your credit score.

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

Yes. Many payday alternative lenders skip the hard credit check and use your bank data to approve you.

How much will a $600 loan cost me?

The total cost depends on the APR and fees. On a short-term loan, you might pay $15 to $30 for every $100 borrowed, so a $600 loan could cost $90 to $180 in fees.

How long do I have to repay a $600 loan?

Repayment terms typically range from your next payday to 60 months, depending on the lender.

Key Terms

• $600 loan: A small-dollar loan for an unexpected bill, repair or paycheck gap.

• Personal loan: A loan repaid in fixed installments, usually the lowest-cost option for fair or better credit.

• Payday loan: A short-term, high-cost loan due in about two to four weeks, often 300% to 400% APR.

• Annual percentage rate (APR): The yearly cost of borrowing, including interest and certain fees.

• Cash advance app: A tool that advances a small amount against your paycheck — not a loan, and typically interest-free.

• Earned wage access (EWA): Early access to wages you've already earned, repaid from your next paycheck.

• Co-signer: Someone with good credit who agrees to repay if you can't, improving your odds.

• Prepayment penalty: A fee some lenders charge for paying off a loan early.

Sources

• NCUA: Federal credit union loan interest rate cap 

• CFPB: What is a payday loan? 

• CFPB: Payday loan state rules and protections 

Summary generated by AI, verified by MoneyLion editors

Melanie Grafil, CFHC™ contributed to editing this article. Photo credit: shapecharge / iStock.com