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Next Day Personal Loans Review

Is a Next Day Personal Loan Trustable?

Navigating the financial landscape can be a daunting task, especially when you’re in need of emergency money or are looking for ways to build your credit score. Many companies offer personal loans, but not all of them can deliver on their promises. Enter Next Day Personal Loans review. This company offers a range of different loan products designed to meet individual needs and budgets.

In this review, we explore the pros and cons of this product in detail so that you can make an informed decision about whether or not it’s right for you. If you find yourself in a financial bind and need access to cash quickly, you may be considering a next day personal loan. While these loans can provide fast access to funding, it’s important to understand the pros and cons before taking one out.

Next Day personal loans are exactly what they sound like, They are loans that are funded within 24 hours of approval. These loans can be helpful in emergency situations when you need cash fast. The main advantage of the Next Day personal loan company is their speed since you can usually get your hands on the money you need within 24 hours.

However, it’s important to note that the Next Day Personal loan company is not a lender, they in fact connect you to a lender they work with. 

Loan Amount From $100 to $40,000
Loan Terms From 2 to 180 months
APRs From 5.99% to 35.99%
Origination Fee N/A
Prepayment Fee N/A
Immigration Status Considered N/A
Employment Statuses Considered    Employed full time or part-time
Intended Use Debt consolidation, home improvements, wedding costs, medical expenses, relocation, travel, education, auto loan
Joint Loan Applications Accepted N/A
Verification Documents Required  Social Security number, tax returns, pay stubs
Late Fee N/A
Minimum Credit Score 500
Minimum Income Monthly income equal to or exceeding $1000
Loan Purpose Personal use
Supported Income Types All
How Long To Get Funds 1 to 2 business days 
Other Prerequisites Must be employed for at least 4 weeks

Next Day Personal Loan Overview

As we have mentioned above, Next Day Personal loan is not a lender. They are in fact just a platform that connects you to the lender that will suit your needs the best. The company has been in business since 2006 and they are based in Overland Park, Kansas.

Besides connecting you to the personal loan lender they also offer cash advance lenders. In order to be able to apply for a loan with one of their lenders, you need a minimum credit score of 500. Although, it’s stated on their website that they are willing to work with people with poor credit as well.

With this said, many people were and are wondering if Next Day personal loan is a legit company or if they are a scam. It’s safe to say they are a legit and safe company.

Next Day Personal Loan Rates, Terms, and Fees

Considering that the Next Day Personal loan company is not a direct lender but instead they are a bridge between you and one of their lenders, they don’t have rates or fees like a normal lender.

Above we did mention they do require at least a 500 credit score but some of their lenders will also work with clients with poor credit. Now, when it comes to the APR, all of their leaders offer different ones but they range from 5.99% and go up to 35.99%.

This means there is a big variety in the lenders and of course APRs. But also remember that the APR will depend on your loan amount and your credit at the end of the day.

When it comes to the loan terms, they have stated on their website their lenders offer loan terms between 2 to 180 months. And when it comes to the fees, since they are not a lender, we are unable to answer that. It depends on the lender you will be working with.

How Much Can I Borrow with a Next Day Personal Loan?

As you already know, Next Day Personal Loan is not a lender, they are a bridge between you and one of their lenders. With that said, they don’t have a limit as to how much you can borrow but the lenders they work with have a limit of $40,000.

We do recommend you consult with the lender they connect you with before you actually put your name on the dotted line. It’s important to know everything before signing the loan agreement.

How to Apply for a Next Day Personal Loan

Applying for a loan from Next Day Personal Loan is easy. When you visit the company’s site, you’ll be prompted to begin the process. You’ll have to provide information including:

  • How much do you want to borrow
  • Why you need a loan
  • Your credit range
  • Your employment status
  • Your pay schedule
  • Your monthly income
  • Whether you have a checking account and direct deposit
  • Your address
  • Whether you own or rent
  • How long you’ve lived at the address
  • Your email address
  • Your phone number
  • Whether you own a vehicle and if it is paid off
  • Your military affiliation
  • Your total unsecured debt
  • Your personal information

Once you provide this information, Next Day sends your details to its partner lenders. Interested lenders will send back quotes for you to review. If you like one of the quotes, you’ll complete the application on that lender’s website.

Pros and Cons of Next Day Personal Loans

Next Day Personal loans come with both pros and cons that should be considered before taking out a loan. One of the biggest benefits of working with them is that they offer loan funding in a very fast time.

You can get approved and funded for the loan in 24 hours. On the downside, they are not an actual lender. This means they don’t offer their loan services, they only connect you to one of the lenders they work with.



All credits considered Too little information on the website
Fast funding Bad BBB rating
Good loan amount range Not an actual lender 
Flexible repayment 

Do I need Collateral to Get a Next Day Personal Loan?

Since the Next Day Personal loan is not an actual lender, we don’t know if you need any collateral in order to secure your loan. Considering there is no mention of any collateral on their website, we can assume there is no collateral needed.

We do advise in the case you decide to get a loan through them, to speak with the lender they connect you with and see if you need any collateral. Make sure to fully understand all the things you need and things that are required from you before signing the agreement.

Is a Next Day Personal Loan Trustable?

A Next Day Personal loan can be a great option if you need money fast. But is it trustable? Here’s what you need to know.

They are not a direct lender, they are just a bridge between you and one of their lenders. Generally speaking, this can be considered a scam, since there are many fraudulent websites like this. Luckily, Next Day Personal loan is a legitimate company that is working with BBB-accredited lenders.

On top of that, they will only ask you for information that is required in order to get you connected with the lender. All of your information is secured and encrypted, which means there is no reselling of them.

Overall, they are considered a safe and legitimate company, so you can rest assured that you and your information will be safe.

Summary of Next Day Personal Loans

  • Next Day Personal Loan is a company based in Overland Park, Kansas.
  • They are not a direct lender but just an online platform that connects you to the lender.
  • The loan terms are very flexible and can be anywhere from 2 to 180 months depending on your needs and loan amount.
  • The company’s website is missing a lot of information and we couldn’t find anything about origination, prepayment or late payment fees.

Next Day Personal Loans FAQs

1. Are next day personal loans expensive?

Next Day personal loans don’t have to be expensive especially if you have a good credit history and can qualify for lower APRs. 

2. Is it possible to get a next day personal loan with bad credit?

Yes, they work with borrowers with all credit ranges so you can reach out to them and they will connect you to the right lender.

3. Can I use a next day personal loan for any purpose?

You can use Next Day personal loans for almost any purpose, but be sure to ask them once again considering your needs.

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