Small personal loans are a great option for quick money needs such as paying bills, emergency funds, and any scenario where you need quick money but limited options.

The problem is that many lenders only offer loans for larger purchases or larger needs, often starting at $5,000 minimums. So, where do you go to get small personal loans online? Thankfully, there are lenders that specialize in just that, offering loans anywhere from $200 and as much as $5,000.

5 Companies That Offer Small Personal Loans Online

All the options listed below are either online lenders themselves, or partners with some of the top modern lending companies today.

The biggest differences between the five companies listed below for small personal loans are the amounts that they offer, the repayment terms and the requirements to get approved. Keep in mind that these loans are not considered a payday loan, but rather a healthy alternative.

From unsecured personal loans to secured loans and even lines of credit, there are options for small loans for quick cash.

To improve your chances of approval, make sure you are paying your bills on time, staying out of long-term debt, and paying your taxes. These will improve your credit score and help your chances for approval with any loan company.

If you have bad credit, there are also options below that still accept people with poor credit and options to help improve your credit score.

1. MaxLend

MaxLend offers installment loans as low as $100 and as much as $3,000. The short-term loan options are not considered pay day loans and offer competitive rates and an easy application process.

To be approved by MaxLend, you just need to provide a verifiable source of income, have an open checking account, must be age 18 or older, and not be in a current bankruptcy situation. Lending terms be as long as 9 months or less.

MaxLend also rewards customers who pay their loans on time and come back to them for future loans. They have four different rewards levels for customers who have preferred payment history with them, offering better rates and more flexible lending options.

2. Blue Trust Loans

Blue Trust Loans offers loans often times on the same day of your application for amounts ranging from $100 and up to $3,000. They are an alternative option to pay day loans and offer short term repayment plans.

To be eligible for a small personal loan with Blue Trust Loans you need to have a verifiable source of income, a checking account, be at least 18 years old and not be in process of a bankruptcy.

Like MaxLend, Blue Trust Loans also rewards their customers who have good repayment histories and paying off the loans. You get rewards for returning for more lending options with options for better rates and repayment options.

3. Honest Loans

Honest Loans is a lender that has multiple lending options for those in need of extra money. They lend as little as $400 and as much as $50,000 for larger needs.

All you need is submit a quick application which takes a few minutes is all. You receive your decision within minutes and can choose your repayment terms and rates based on your approval terms. Next, you can get your funds into your bank account as soon as the next business day.

4. Zoca Loans provides fast short-term loans for amounts as little as $200 and as much as $1,500. What's more is that they don't require to have great credit to be approved.

After submitting an application, you will get a decision within 10 minutes and funding. Once you've reviewed the approved terms, simply sign and accept the loan and get the funds as soon as the next business day. is a great option for short term small personal loans regardless of your credit score.

5. is a great option for small personal loans with minimum loan amounts as little as $100 and as much as $2,500. Their lending process is easy and convenient. All you need to do is submit an application, get a quick decision, and have your money as soon as the next business day.

Requirements are similar to the other options listed, all you need is a personal checking account verifiable income of at least $1,000, be at least 18 years old and not an be a member of the armed forces.

What To Look For When Shopping For Loans

You'll notice most lenders have a very similar process with similar options to choose from. The biggest differences are found in the details, approval process, and the options provided for people of any credit score.

Consider the following when searching for a small loan:

Fees Structure

Do they charge an up-front fee? This is really just another way to structure a loan to advertise a “lower interest rate.” A perfect scenario would be no up-front fees and a low interest rate.

Repayment Terms

Compare the repayment options between different lenders. Do they have flexible rates and terms to choose from?

A more flexible repayment plan is always a big benefit to the borrower. Do they require you pay weekly, bi-weekly, or monthly? What options are available for the length of the loan?

Loan Options

Does the lender provide options for people with different credit scores and credit history? Some lenders cater to only one type of ideal client with minimum credit score requirements and payment histories.

Some lenders may deny you for one loan type, but as an alternative they will help you build good credit with another one of their loan options.

Company Reviews

Does the company have positive reviews from its customers? The last thing you want to work with is a company that has all your personal information including bank account info and be a pain to work with.

You can determine this by looking for testimonials on their website or doing a quick Google search for company reviews.

In short, the lower the interest rate, the more options available to choose from, the more flexible the payment terms offered, all equate to a better lender to work with.