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Next Day Reviews

6.5

bestfor-icon Good for individuals with poor-fair credit score

bobphillips
Written by Bob Phillips

About Next Day | Read More

7

LS Score

4

Credibility

5

Support

10

Accessibility

Visit Site
Opening Hours Opening Hours drop-down-btn
Sun-Fri 24/7
Contact Information Contact Information drop-down-btn
  • (833) 321-7764
  • Headquarters: 6709 W. 119th St., #338 Overland Park, Kansas 66209
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Next Day Personal Loans Review

Next Day Personal Loan is a US-based company with headquarters in Kansas that connects borrowers with lenders by collecting some basic personal information through a quick online form. Loan amounts range from $100 to $40,000 and are classified as personal loans. This means there’s no collateral required to secure the loan.

The company’s main focus is connecting people who need a personal loan with lenders. There’s no minimum credit score required, since each lender in Next Day Personal Loan’s marketplace has their own qualification criteria.

This marketplace of lenders offers the advantage of one form, as opposed to filing out multiple forms and researching many companies to find the right lender.

Next Day Personal Loans Highlight

500

Min Credit Score

5.99-35.99%

APR. Fixed Rate

$100-$40K

Loan Amount

Yes

Soft Credit Pull

Marketplace

Lender Type

Yes

Other Fees

Undisclosed

Origination Fee

Undisclosed

Prepayment Fee

1 days

Funding Time

Pros & Cons

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  • con-icon Fast form-submission process
  • con-icon Users can see lenders’ proposed terms and interest rates before agreeing to a specific loan
  • con-icon Funding in as little as 24 hours
  • con-icon Interest rates could be as high as the borrower’s state of residence allows or even higher if the borrower gets connected with a tribal lender exempt from state caps on interest rates
  • con-icon Could result in multiple credit inquiries
  • con-icon Next Day Personal Loan does not have dedicated customer support available to users

Loan Purpose

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  • Car
  • Credit Card Refinance
  • Debt Consolidation
  • Home Improvement
  • Major Purchase
  • Medical Expenses
  • Relocation
  • Car Bike Loans
  • Vacation
  • Other

Loan Type

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  • Secured Personal Loans
  • Unsecured Personal Loans
  • Fixed-Rate Personal Loans
View rates

Next Day Personal Loans Terms & Requirements

Loan Requirements

Users must meet the following criteria:

  • Income from the past four weeks must be verifiable
  • User must have a current working phone number
  • Bank account in good standing in the user’s name
  • User must have a Social Security Number
  • Monthly income must be at least $1,000

Loan Terms

Terms of the loan vary according to the lender. Users can see an interest rate range and proposed terms before moving on to communicate directly with a lender. Some lenders in the Next Day Personal Loan marketplace are tribal lenders. They don’t have to follow state laws about maximum interest rates.

Next Day Personal Loan offers personal, unsecured loans only.

Repayment Terms

Since the Next Day Personal Loan marketplace includes hundreds of individual lenders, repayment terms vary widely.

Required Information

When using the Next Day Personal Loan marketplace, potential borrowers are not under any obligation to accept loan offers from lenders.

The user doesn’t have to pay a fee through partner lenders’ Next Day Personal Loan marketplace. Next Day Personal Loan gets referral fees from lenders in their marketplace for connecting qualified borrowers.

The user starts by choosing a loan amount, monthly income, credit score range, and zip code from drop-down menus. The user must be able to verify their income to be eligible for a loan.

After completing the first few questions, the user is directed to a page asking for the following information:

  • First name
  • Last name
  • Date of birth
  • Reason for loan
  • Street address
  • City
  • State
  • Direct deposit available
  • Bank account type
  • Pay frequency
  • Military affiliation
  • Credit card debt total
  • Social security number
  • Phone number

The user can agree to be contacted at the phone number they provide by up to six individual lenders and for other marketing purposes. These contacts could include texts, prerecorded messages, and telemarketing that is exempt from the “Do Not Call” registry rules. However, agreeing to this level of phone contact from multiple agencies and lenders is not required to request or get a loan in the Next Day Personal Loan marketplace.

The fine print at the bottom of the form indicates that by clicking “Continue,” the user agrees to multiple credit checks.

“I am providing my express written consent under the Fair Credit Reporting Act for our Lenders and/or Lending Partners with whom I am connected to obtain my consumer credit report from my credit profile or other information from contracted Credit Bureau(s) associated with my pre-qualification for a credit inquiry.”

Since each lender conducts its credit evaluation, requesting a loan may result in multiple credit report inquiries. Credit inquiries for the purposes of obtaining a loan could reduce FICO scores by a few points.

If one or more lenders in the Next Day Personal Loan marketplace determine that a borrower meets their lending criteria, the Next Day Personal Loan platform will show the user the name of the company, the proposed interest rate, and terms of the loan, and then direct them to that lender’s website, where they can choose to complete the loan process.

At this point, Next Day Personal Loan is no longer part of the lending process. In the future, marketplace lenders may also use a user’s contact information to reach out to them with loan offers.

State Availability

- Available in all states

bobphillips
Written by Bob Phillips linkedin-icon twitter-icon

Having spent over fifteen years helping people plan their lives financially, Bob has a vast amount of knowledge concerning personal finance. During his career, Bob mastered many different financial products to help people achieve their financial goals, including life insurance, disability insurance, mutual funds, and stocks and bonds. He earned the Chartered Life Underwriter (CLU) designation and held numerous securities licenses. Bob is an internationally published poet and is now a freelance writer living in North Texas with his wife and Doberman puppy.

Customer Support

Next Day Personal Loans does not provide customer support and states that clearly on its website. All customer support is provided by the lender the borrower chooses. Hours support is available will vary by lender.

Privacy & Security

Next Day Personal Loans has a complete privacy and security statement on its website. Their online forms use encryption technology for personal and financial information.

In Conclusion

Next Day Personal Loans is a company that connects borrowers with a network of lenders. It provides contact information on its website but clearly states it does not provide customer service to borrowers; all service is provided by the lender the consumer chooses. The company is not accredited by the Better Business Bureau (BBB) and has a rating of “F.”

Brand Disclaimer

Next Day Personal Loans Disclaimer: THE OPERATOR OF THIS WEBSITE IS NOT A LENDER, does not broker loans to lenders and/or lending partners and does not make loans or credit decisions. This Website does not constitute an offer or solicitation to lend. The operator of this Website is not an agent, representative or broker of any lender and/or lending partner and does not endorse or charge you for any service or product, but may receive compensation from the lender and/or lending partner for forwarding your information to them. Additionally, your information may be going to an aggregator and not a lender and/or lending partner. Your information can be sold multiple times leading to multiple offers from lenders and/or lending partners, and other marketers. Lenders and/or lending partners who buy your information may supplement it with additional information about you that they obtain from other sources. Not all lenders and/or lending partners can provide your requested type of loan and/or loan rate or terms, and we make no promises that you will be able to obtain a loan. Cash transfer times may vary by lenders and/or lending partners and local laws. Lenders and/or lending partners may perform a credit check to determine your creditworthiness. In some circumstances faxing may be required. For details, questions or concerns regarding your loan, please contact your lender and/or lending partner directly. Lenders and/or lending partners are solely responsible to you for all aspects of any loan request or loan transaction, including compliance with all applicable laws and regulations relating to your loan request form and any agreement or disclosures relating to your loan request form or loan transaction (including any adverse action notices or Truth-in-Lending Act disclosures). If you are not connected with a lender you may be connected with other financial service providers that offer products associated with your selected loan purpose. Residents of Connecticut, New Hampshire, Washington, and Vermont are not eligible to submit a request for a cash advance on this Website. This service is not available in all states, and the states serviced by this Website may change from time to time and without notice. Representative example: Offers provided to customers who originated via a paid Google or Bing advertisement feature rate quotes on Next Day Personal Loans of no greater than 35.99% APR with terms from 61 days to 180 months. Your actual rate depends upon credit score, loan amount, loan term, and credit usage and history, and will be agreed upon between you and the lender. An example of total amount paid on a personal loan of $10,000 for a term of 36 months at a rate of 10% would be equivalent to $11,616.12 over the 36 month life of the loan.