$700 Loans

Comparison updated Jun 2025

Written by human
Written by Joe Chappius

- Jun 5, 2025

  • See which lenders you're most likely to qualify with
  • Compare interest rates and terms for $700 loans
  • Find the most affordable loan option instantly

Filters

Showing results 28/44

Filters

109 of customers chose this
Annual interest rate5.99% - 35.99%
Loan amount$100 - $40,000
Term2 months - 6 months
Accept bad credit historyYes
Weekend payoutNo
Payment within 24 hoursNo
Financer Score
4.8
Overview
Details
Annual interest rate5.99% - 35.99%
Loan amount$100 - $40,000
Term2 months - 6 months
Accept bad credit historyYes
Weekend payoutNo
Payment within 24 hoursNo
Get started
305 of customers chose this
Annual interest rate11.74% - 24.79%
Term6 months - 7 years
Accept bad credit historyYes
Weekend payoutNo
Payment within 24 hoursNo
Financer Score
4.3
Overview
Details
Annual interest rate11.74% - 24.79%
Term6 months - 7 years
Accept bad credit historyYes
Weekend payoutNo
Payment within 24 hoursNo
Get started
86 of customers chose this
Annual interest rate5.99% - 35.99%
Loan amount$100 - $20,000
Term2 months - 6 years
Accept bad credit historyNo
Weekend payoutNo
Payment within 24 hoursYes
Financer Score
4.0
Overview
Details
Annual interest rate5.99% - 35.99%
Loan amount$100 - $20,000
Term2 months - 6 years
Accept bad credit historyNo
Weekend payoutNo
Payment within 24 hoursYes
Get started
31 of customers chose this
Annual interest rate5.99% - 35.99%
Loan amount$500 - $35,000
Term2 months - 6 years
Accept bad credit historyYes
Weekend payoutNo
Payment within 24 hoursNo
Financer Score
3.5
Overview
Details
Annual interest rate5.99% - 35.99%
Loan amount$500 - $35,000
Term2 months - 6 years
Accept bad credit historyYes
Weekend payoutNo
Payment within 24 hoursNo
Get started
10918 of customers chose this
Annual interest rate6.7% - 35.9%
Loan amount$1,000 - $50,000
Term6 months - 5 years
Accept bad credit historyYes
Weekend payoutYes
Payment within 24 hoursNo
Financer Score
3.3
Overview
Details
Annual interest rate6.7% - 35.9%
Loan amount$1,000 - $50,000
Term6 months - 5 years
Accept bad credit historyYes
Weekend payoutYes
Payment within 24 hoursNo
Get started

All unsecured personal loans through Upstart offer a fixed rate and range between 6.6% - 35.99% APR based on 5-year rates offered in March 2025. The lowest rates are only available to the most qualified applicants. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.

Are you in a tight spot, needing a $700 loan fast? You're not alone. Life has a way of throwing unexpected expenses our way when we least expect them. Whether it's a surprise car repair, an urgent medical bill, or a last-minute travel necessity.

But, before we discuss where to get a $700 loan, a word of caution: loans for smaller amounts often come with less-than-ideal terms. High interest rates, short repayment periods, and hefty fees are common in this territory.

We know you need money fast, but take a moment to explore all your options. There might be alternatives that help you avoid debt.

Where to Get a $700 Loan

When you're in need of a $700 loan, it's crucial to understand your options and choose the one that best fits your situation.

Best $700 Loan Option: Use Our LoanFinder Tool

  • Showing you only the loans legally available in your area

  • Comparing rates and terms across multiple lenders instantly

  • Potentially saving you hours of research and frustration

Now that you understand why we strongly recommend using LoanFinder™️, let's explore some common $700 loan options that might be available to you.

Personal Loans:

If you have a decent credit score and need some time to repay, a personal loan could be your best bet. Low Credit Finance offers personal loans even if your credit isn't perfect.

Consider this option if:

  • You can afford monthly payments over several months

  • You want a lower interest rate than credit cards typically offer

  • You prefer a fixed repayment schedule

Payday Loans:

These loans can provide nearly instant funding, sometimes within hours of approval. Many lenders like Advance America offer same-day cash pickup at physical locations, which can be convenient if you need money immediately.

However, approach these loans with caution due to their high interest rates. If you decide to go this route, consider visiting our page on direct payday loan lenders to find reputable options near you.

This might be for you if:

  • You need the money immediately and have exhausted other options

  • You're confident you can repay the full amount by your next paycheck

  • You understand the high costs involved and have a plan to avoid a debt cycle

Credit Card Cash Advances:

If you have available credit on your card, a cash advance can be an incredibly quick solution - often providing instant access to cash at ATMs or bank branches. This option doesn't require a credit check or application process, making it convenient for immediate needs.

What are the cost?

  • Interest starts accruing immediately, often at a higher rate than regular purchases (typically around 24-27% APR).

  • Most cards charge a cash advance fee, usually 3-5% of the amount withdrawn (with a minimum fee of $5-$10).

  • Cash advances don't typically have a grace period, unlike regular credit card purchases.

Despite these costs, a credit card cash advance might still be cheaper than a payday loan if you can repay it quickly. It's best suited for short-term cash needs when you have a plan to pay it back within a few days or weeks.

Consider this if:

  • You can repay the amount quickly to minimize interest charges

  • Your card's cash advance APR is lower than other loan options

  • You don't want to go through a new application process

Peer-to-Peer (P2P) Lending:

Platforms like Lenme or Prosper connect borrowers directly with individual lenders online. P2P lending can offer competitive rates and flexible terms for $700 loans, often with a quick approval process.

Keep in mind:

  • Potentially lower interest rates than traditional loans

  • Funding typically arrives within 1-5 business days

  • Credit check required, which may impact your score

  • Origination fees may apply (usually 1-5% of loan amount)

This could be a good choice if:

  • You have a good credit score and want competitive interest rates

  • You're comfortable with an online lending process

  • You prefer a more personalized lending experience

Pawn Shop Loans:

Pawn shops offer quick cash in exchange for valuable items as collateral. These loans can provide immediate funding, often within minutes of appraising your item.

The process is straightforward: you bring in your item, get it valued, and receive a loan based on a percentage of its worth.

However, be aware that interest rates can be high, and you risk losing your item if you can't repay the loan. If you're considering this option, it's crucial to understand the terms and have a solid plan for repayment.

Consider a pawn shop loan if:

  • You have a valuable item you're willing to use as collateral

  • You need cash immediately and have limited other options

  • You're confident you can repay the loan within the specified timeframe (usually 30 to 90 days)

  • You understand the risk of losing your item if you default on the loan

Family or Friends:

Borrowing from family or friends can be a quick and potentially cost-effective way to get $700. This option often comes with more flexible terms and lower (or no) interest rates compared to formal lending institutions.

However, mixing money with personal relationships can be tricky. It's crucial to treat this as a formal loan to avoid misunderstandings and potential damage to your relationships. Consider using a written agreement to clarify terms.

Consider this route if:

  • You have a trusted relationship with someone who can afford to lend

  • You're willing to formalize the agreement to protect your relationship

  • You can commit to a repayment plan and stick to it

How Much Does a $700 Loan Cost?

Understanding the real cost of borrowing $700 is crucial. Let's break it down:

Cost Comparison for a $700 Loan (30-day term)

Loan TypeAPRFeesTotal RepaymentCost of Borrowing
Personal Loan10%$0$705.83$5.83
Payday Loan400%$105$805$105
Credit Card Cash Advance25%$35$749.58$49.58
Pawn Shop Loan240%$0$840$140
P2P Loan15%$35 (5% origination)$741.75$41.75

The APR doesn't tell the whole story for short-term loans. Always calculate the total cost of borrowing to make an informed decision.

What do I need to Qualify?

Qualifying for a $700 loan depends on the type of loan you're seeking and the lender's specific requirements.

  • Credit History
  • Income Proof
  • Bank Account
  • ID
  • Collateral
  • Agreement

Regardless of Loan Type, Be Prepared to Provide:

  • Contact information

  • Employment details

  • Monthly income and expenses

Always read the fine print and understand the terms before accepting any loan offer. If a lender doesn't verify your ability to repay, it's a red flag – responsible lending practices protect both you and the lender.

Before you apply

Before applying, check your credit score for free. Knowing your score can help you target lenders more likely to approve your application, potentially saving you from unnecessary hard inquiries on your credit report.

Alternatives to a $700 Loan

Before you settle on a $700 loan, it's worth exploring other options that might solve your financial need without taking on debt:

  • Negotiate with Creditors: If you're facing a bill you can't pay, try negotiating with the creditor. Many are willing to set up payment plans or reduce the amount owed.

  • Sell Unused Items: Look around your home. That old smartphone or rarely-used exercise equipment could be your ticket to $700.

  • Pick Up a Side Gig: In today's gig economy, you could earn $700 through ride-sharing, food delivery, or online freelancing faster than you might think.

  • Borrow from Your Future Self: If you have a 401(k), you might be able to take a loan from it. Be cautious with this option, as it can impact your retirement savings.

  • Seek Community Assistance: Local charities, religious organizations, or community centers sometimes offer small grants or interest-free loans for people in need.

  • Use a Credit Card Wisely: If you have a card with a 0% APR introductory offer, this could be a better option than a high-interest loan. Just be sure you can pay it off before the promotional period ends.

  • Trim Your Budget: Look for areas where you can cut back temporarily. Skipping a few dinners out or cancelling subscriptions could add up quickly.

Think of solutions

Remember, the best solution isn't always a loan. Sometimes, creative problem-solving can lead to better outcomes for your long-term financial health.

How a $700 Loan Affects Your Credit

The impact of a $700 loan on your credit score depends on the type of loan and how you manage it:

  • Personal Loans and P2P Loans: Can positively impact your credit if payments are made on time. They add to your credit mix and payment history.

  • Payday Loans: Typically don't affect your credit score unless you default.

  • Credit Card Cash Advances: Can negatively impact your credit utilization ratio, potentially lowering your score.

  • Pawn Shop Loans: Generally don't affect your credit score.

Frequently Asked Questions

Can I get a $700 loan with bad credit?

Yes, it's possible to get a $700 loan with bad credit, but your options may be limited and interest rates higher. Consider using our loan comparison tool to find lenders who work with lower credit scores. Alternatively, secured loans or pawn shop loans might be options to explore.

How quickly can I get a $700 loan?

The speed of obtaining a $700 loan varies depending on the lender and loan type. Some options like payday loans or pawn shop loans can provide funds within hours. Personal loans might take 1-3 business days, while peer-to-peer lending could take up to a week.

What's the typical interest rate for a $700 loan?

Interest rates can vary widely based on the loan type, your credit score, and the lender. Payday loans can have APRs over 400%, while personal loans might range from 6% to 36% APR. Always compare options using our loan finder tool to get the best rates available to you.

Do I need collateral for a $700 loan?

Not necessarily. Many $700 loans are unsecured, meaning they don't require collateral. However, secured loans (like pawn shop loans) might offer better rates if you're willing to put up an item of value as collateral.

How long do I have to repay a $700 loan?

Repayment terms vary by loan type. Payday loans typically require repayment by your next paycheck (2-4 weeks). Personal loans might offer terms from a few months to a couple of years. Always check the repayment terms before agreeing to any loan.

Will taking out a $700 loan affect my credit score?

It depends on the type of loan and whether the lender reports to credit bureaus. Some small, short-term loans might not be reported. However, any loan that is reported can affect your score, positively if you make payments on time, negatively if you miss payments.

Are there alternatives to getting a $700 loan?

Yes! Consider negotiating with creditors, selling unused items, picking up extra work hours, or seeking assistance from local charities or community organizations. Check our alternatives section for more ideas.

How can I ensure I'm getting the best deal on a $700 loan?

Use our loan comparison tool to compare rates and terms from multiple lenders. Read all terms carefully, paying attention to interest rates, fees, and repayment terms. Don't be afraid to ask lenders questions if anything is unclear.

Our Commitment to Transparency

At Financer.com, we're committed to helping you with your finances. All our content abides by our Editorial Guidelines. We are open about how we review products and services in our Review Process and how we make money in our Advertiser Disclosure.

Join Financer Stacks - Your weekly guide to mastering money basics, stacking extra income, and creating a life where money works for you.