What is an immediate P2P loan
An immediate P2P loan is a type of peer-to-peer lending arrangement where funds are made available to a borrower in a very short time, often within hours or a single day of application.
The defining feature of an immediate P2P loan is speed: borrowers apply through a digital platform, submit basic financial details, and are matched with lenders who are willing to fund them based on risk profiles or automated scoring systems.
For lenders, immediate P2P loans offer the opportunity to earn returns quickly by providing capital to borrowers in need of urgent liquidity.
Which P2P Lenders Platforms give Instant Loans in the USA, UK and Canada ?
Here’s a well-sourced list of peer-to-peer (P2P) platforms offering fast or instant loan options in the USA, UK, and Canada:
United States
- Prosper — Among the earliest and most established P2P lending platforms in the U.S., Prosper provides unsecured personal loans up to $50,000 and typically features next-day funding after approval. Borrowers can check rates without affecting their credit score.
- SellersFi — A P2P-style lending option tailored for e-commerce sellers, offering approval in as little as 48 hours, with funds disbursed within the same timeframe—ideal for business liquidity needs.
United Kingdom
- Swoop (Business P2P) — UK business P2P lending via Swoop typically provides funding within 48 hours for eligible borrowers needing £5,000 to £15 million in capital.
Swoop UK - Funding Circle — Although now largely institution-backed, this platform began as a P2P lender and still offers fast business loans to SMEs in the UK with streamlined digital processing.
- Zopa — One of the first P2P lenders in the UK (now a digital bank), Zopa continues to offer personal loans under P2P mechanics, known for relatively fast turnaround times.
Canada
- goPeer — A Canadian P2P platform offering personal loans funded by private credit investors, with competitive interest rates and faster decision timelines than traditional bank loans.
GoPeer - Lending Loop — This platform, one of Canada’s pioneering SME P2P lenders, provides business loans with relatively quick funding timelines, depending on borrower preparedness.