Best Emergency Loans

Life is unpredictable. Sometimes bad things happen. Your recent trip to the hospital has left you with an urgent medical bill, your car has broken down or you need to repair a leaking roof asap. Whatever the reason, an emergency loan is always a helpful solution.


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Lenders have different terms (ranging from 14 days up to several years) and offer from $100 up to $35,000. Some lenders require certain documents and a steady source of income, while others have quick online application forms and just require a minimum of $1,000 monthly income.

Best Urgent Loans for Bad Credit in 2023

4 / 5
Loan amount
$500 - $10000
Processing Time: Within one business day
Minimum Credit Score: -
Credit check: No
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Pros Cons Fees

Huge network of lenders

Free to use

You can use it to upgrade your credit score

Fast service

APRs can be high

BBB accreditation is missing

Loan amount can be very small

Not stated (depends on a lender)

4.5 / 5
Loan amount
$200 - $10000
Processing Time: Within one business day
Minimum Credit Score: -
Credit check: No
View More Details
Pros Cons Fees

Online Support

Large Lender Network

Free To Use

Everything Depends From The State You Are Living

Late Payment Policy

Not stated (depends on a lender)

4 / 5
Loan amount
$100 - $5000
Processing Time: One Hour
Minimum Credit Score: -
Credit check: Hard or Soft
View More Details
Pros Cons Fees

Offer Three Types of Loan

Fast Approval

Customer Support

Credit Check

Not a Direct Lender

Only Work With US Lenders

Not stated (depends on a lender)

4 / 5
Loan amount
$1000 - $35000
Processing Time: One Business Day
Minimum Credit Score: 600+
Credit check: Yes
View More Details
Pros Cons Fees

Free To Use

Fast Approval

Customer Support

High Credit Score Requirement

Not A Direct Loaner

High APR

Not stated (depends on a lender)

4.5 / 5
Loan amount
$1000 - $50000
Processing Time: 24 Hours
Minimum Credit Score: -
Credit check: Yes
View More Details
Pros Cons Fees

Several Repayment Terms

Secured Joints Loans

Fast Approval

Loans Only Available up to $50000

Late Fee Charge

2.9% And 8% Of Amount

If you are in search of an emergency  funds, we offer a reliable review of several online lending companies.

We review and compare them while telling you the main criteria for selecting the top-rated emergency payday loan provider. Also, we will cover the main information about the application and approval process, where to look for the best short term loans, as well as tips on how to compare lending services and what important factors to consider. Continue reading, compare different offers and you will understand what makes these lenders outshine the competition.


OppLoans - Emergency Loans with Bad Credit

OppLoans company is ready to provide emergency installment loans for borrowers who need extra cash to cover their expenses in case they don’t have an emergency fund saved so far.

The particularities:

  • Amount ranges from $1,000 up to $4,000 for various purposes
  • APR ranges from 99% to 199%
  • An emergency money loan can be given for a period of up to 36 months (depending on the amount you borrow and the state maximum)
  • The approval takes a few minutes and the stated funding time is the next business day if approved.

OppLoans provides fast and guaranteed financial help for borrowers who:

  • Seek emergency cash loans for any purpose.
  • Need to cover unexpected financial expenses, consolidate other debt, pay urgent bills, etc.
  • Have a steady income and are over 18 years old (19 in Nebraska and Alabama).

Pay attention that in order to meet eligibility requirements for an emergency loan help from OppLoans, you need to have a bank account with a minimum of 90 days of history and a regular income source for at least 3 months.

PersonalLoans - Fast Emergency Loans

Personal Loans online loan-connecting service matches borrowers’ requests with direct lenders who can provide an emergency personal loan. The borrowers are able to cover their urgent expense or consolidate the debt. PersonalLoans deals with a large network of direct lenders who work in many states.

The particularities:

  • The amount ranges from $500 up to $35,000 for various purposes
  • APR ranges from 5.99% to 35.99%
  • A personal loan can be given for the period between 90 days and 72 months (depending on the amount you borrow and the state maximum)
  • The approval takes a few minutes and you can get the money the next business day if approved.

PersonalLoans provides fast and guaranteed financial help for borrowers who:

  • Are looking for an emergency loan for bad credit to cover their expenses or pay the bills.
  • Need to consolidate other debts, pay urgent medical bills or finance a vacation.
  • Have an unsteady income but are over 18 years old.

It’s necessary to admit that every state has certain regulations and rules so the terms of your emergency loan with bad credit may vary. Also, the amount, repayment term and APR may differ depending on your state, creditworthiness as well as the direct online lender.


Avant - Best Quick Funding For All Credit Score

Avant is an online-based lending service that is ready to offer urgent personal loans for consumers who need to fulfill the cash need and don’t have enough money in savings.

The particularities:

  • The amount ranges from $2,000 to $35,000 for any purpose
  • APR ranges from 9.95% to 35.99%
  • A loan can be given for a period between 24 and 60 months (depending on the amount you borrow and the state maximum)
  • The approval takes several minutes and the cash can be transferred as soon as the next business day

Avant provides fast and guaranteed financial help for borrowers who:

  • Search for fast emergency loans
  • Need to fund immediate expenditures, pay the bills, finance home or auto repair, etc.
  • Are over 18 years old

Keep in mind that your income, as well as a good or bad credit score, will determine the amount you can borrow from Avant. Also, there is an Avant app to help borrowers manage their personal loans by using autopay.


LendUp - Best Emergency Personal Loans

LendUp company is a finance-related service provider that offers personal loans for the short term to help borrowers finance any temporary monetary issues.

The particularities:

  • The amount ranges from $100 to $255 for any purpose
  • APR ranges from 229.43% to 917.71%
  • A short-term loan can be given until the next payday that is for 2 to 3 weeks
  • The approval is quick and the lending decision is made instantly

LendUp provides fast and guaranteed financial help for borrowers who:

  • Have a stable or not stable income
  • Are over 18 years old
  • Search for loans with fair or bad credit
  • Need to cover urgent expenses or bills

Pay attention to the terms and conditions. The company doesn’t require collateral. If you repay the debt on time you will be able to earn special bonuses from LendUp that will result in smaller interest fees and bigger amount to borrow in the future (up to $1,000).

BadCredit - Best Emergency Loan Offers

BadCredit is an online platform that cooperates with a wide database of direct payday lenders who can provide literally same day emergency loans to borrowers from every state. This service is a great option to get fast and legit financial help if ‘I need an emergency loan’ thought doesn’t leave your mind.

The particularities:

  • The amount ranges from $1,000 up to $5,000 for various purposes
  • APR ranges from 6% to 35.99%
  • An emergency cash loan from Bad Credit can be given for the period of 6 up to 60 months (depending on the amount you borrow and the terms of a particular lender)
  • The stated funding time is the next business day if the request is approved

BadCredit provides loan-connecting help for borrowers who:

  • Seek emergency loans for bad credit.
  • Need to cover expenses referred to debt consolidation, car repair, medical bills, tuition, home improvement or a major purchase.
  • Have an unsteady source of income and a non-excellent credit score.

Keep in mind that emergency payday loans no credit check don’t exist as every direct lender will still perform at least a soft credit check. The money will be transferred directly to your bank account upon approval. Depending on the terms provided by the lender, the borrower will need to repay the debt either once every two weeks or on a monthly basis.


CashUSA - Best Loans For Bad Credit Borrowers

CashUSA is an online company that provides loans for bad credit borrowers. This company offers emergency money loans by connecting the applicant’s loan request with direct lenders from their network. Borrowers aren’t required to have an excellent or good credit scores in order to qualify.

The particularities:

  • The amount ranges from $500 up to $10,000 for various purposes
  • APR ranges from 5.99% to 35.99%
  • A loan can be given for a period from 90 days up to 72 months (depending on the amount you borrow and the terms of a particular direct lender)
  • The money can come already the next business day upon your request approval provides loan-matching help for borrowers who:

  • Seek emergency loans with bad credit
  • Need to cover any unexpected financial expenses (home remodeling, consolidating debt, urgent medical bills, vacation, etc.)
  • Have unsteady income and were rejected by traditional banks or credit unions

Keep in mind that the APR is typically higher than the one offered by traditional lending institutions. Also, CashUSA cooperates with direct payday lenders but doesn’t give out bad credit emergency loans itself.

Where to Look for Short Term Emergency Loans

Emergency payday loans from direct lenders are legal only in certain states. Some states limit or even prohibit the options.

You may still try to borrow money from:

  • Local banks. Be ready for a hard credit check. You need to have a good to excellent credit score in order to be eligible for a loan. Also, traditional banks often require collateral and give out only secured loans.
  • Credit unions have a higher approval rate but also have certain requirements for borrowers.
  • Alternative online lenders who doesn’t require collateral or tedious paperwork.

How to Obtain Best Emergency Loans for Poor Credit

If you find yourself in a difficult financial situation, applying for small emergency bad credit loans can be a great solution.

Consider the following tips from financial experts before you apply:

  • If you see the ad proclaiming emergency loans no credit check, keep in mind that such an option isn’t real. Every lender will perform at least a soft credit check.
  • Emergency bad credit loans can be helpful when you can’t wait until the next payday and need to cover your unexpected expenses. However, if you are planning to apply for any financial options in the future, it pays to improve your credit score so that you have more options and lower interest rates.
  • Compare emergency loans bad credit. There are so many lending opportunities online these days. Every company may offer different rates and terms. Review quick emergency loan offers and you will be able to select the most suitable one.

Consider the following important factors:

  • Detailed information on the website
  • High loan amounts
  • Competitive APRs
  • Friendly and professional customer service
  • Fast and secure application
  • Positive customers’ feedback

Despite a wide variety of emergency payday unsecured and secured loans online, it may be a real challenge to select an honest and reliable company with flexible terms and lower interest. Compare several lending institutions before you make your final choice.

What is an Urgent Secured or Unsecured Personal Loan for Bad Credit?

An urgent loan is a secured or unsecured personal loan that is immediately released so that you may utilize it for unexpected or unanticipated needs. You may want quick access to funds to deal with unforeseen circumstances such as a vehicle breakdown or an emergency medical bill. Borrowers with excellent and good credit will get the best interest rate on an emergency personal loan.

These crises may also include the loss of a loved one, unexpected unemployment, or the approaching of a mortgage payment deadline.

It contains interest rates and other terms and restrictions, much like other personal loans for bad credit scores. The fact that this urgent bad credit loan does not need a credit check is fantastic. As a result, they are no credit check loans. 

How to Choose an Emergency Loan?

The lenders’ offerings range from payday loans to credit card advances, and are as diverse as the reasons for obtaining the best emergency loan. Emergency personal loans provide the best risk-to-interest ratio of all of these alternatives. 

However, with so many offers available, it is frequently impossible to keep track of them all, and obtaining the best loan seems to be challenging.

What you need to pay attention to when choosing an urgent loan with no credit check:


The APR is the total cost of the interest rate, fees, and any other expenditures associated with the loan. The issue is that, although the interest rate may seem to be modest, the total APR might be rather significant.

In fact, it is not unusual for small to medium-sized personal loans to have APRs that cost more than the loan itself. You must pay close attention to this aspect of the transaction and thoroughly examine how the APR is constructed in order to comprehend just how much you will be paying to utilize this money.

Repayment Terms

Depending on the lender, personal loan payback durations often vary from one to seven years. While a longer term may result in a cheaper monthly payment, it is typically advisable to select the shortest period you can afford in order to keep your interest payments as low as possible.

Furthermore, many emergency loan lenders provide lower interest rates to clients who choose shorter periods.

Funding Speed and Application Process

You’re probably looking for a quick loan, so find out how long it will take the lender to put funds into your bank account. Some lenders will handle your application the same day you apply, while others could take days or even weeks.


When it comes to convincing the customer to give them more money in return, lenders might come up with a variety of strategies. Origination costs, processing fees, administration fees, collateral management fees, and so forth.

Those that offer a terrific interest rate and also guarantee you will get the money soon will usually charge for this premium service in some other manner. You will be paying more than necessary without being informed. In certain situations, the costs might make it impossible to repay the loan, so read the tiny print carefully if you don’t want to be a bad credit borrower.

Types of Emergency Loans for Poor Credit Score

Borrowers may apply for an emergency loan to cover unexpected costs or income gaps. Because you presumably can’t afford to wait for the cash in an emergency, these online loans are often transferred fast.

Many personal loan lenders provide quick bad credit loan distribution, with some even doing so the same working day. Such loans may be used to cover emergency expenses such as car repairs, medical bills, or funeral expenses.

However, not all emergency loans are created equal. Some, for example, provide reduced interest rates for applicants with strong credit score, while others have very high interest rates.

Payday loans, installment loans, title loans, credit card advances, and home equity loans are all examples of emergency loans. However, before you go this way, it’s a good idea to understand how these 5 frequent emergency loans types work.

Payday Loans

Payday loans are often used by persons in need of rapid loans with a bad credit score. Payday loans are short-term loans for sums ranging from $300 to $1,000.

The APRs may reach 400%, and taking out payday loan for financial emergencies might set you on a downward spiral of debt. It’s arguably the most costly, least-consumer friendly product out there.

With a payday loan, you return the amount in full on your next paycheck, which is normally two to four weeks after the loan is given. Typically, the credit unions will demand you to submit a post-dated check for the whole amount outstanding, which they will cash on the due date regardless of how much money is in your bank account.

You have the option to roll the loan over into a new loan if you are unable to pay it back, thereby increasing your debt.

But not everything is as bad as it might seem at first glance. You can choose the lender with the best interest rate offer for urgent payday loans and thus save yourself from emergency expenses. Nevertheless, you should not get carried away with such services and pay everything on time.

Installment Loans

An installment loan is a frequent kind of financial instrument. Indeed, you may have one or two of your own. A personal installment loan is a sort of loan in which you borrow money and must repay it in predetermined sums known as “installments.” They may or may not feature anything of interest.

When you get an installment loan, you get the money you borrowed or the item you bought right away. You pay it off in installments, which are regularly scheduled payments that may include interest. For a specified period of weeks, months, or years, you normally owe the same amount on each payment. When the loan is fully repaid, the account is permanently closed.

A revolving credit account, such as a credit card, is an alternative to an installment loan. In contrast to installment credit, revolving credit is limitless. That is, it may be utilized and paid off as many times as the account is open and in good standing.

An installment loan may be useful in a variety of scenarios, from making a large purchase to debt consolidation. And, if you can make the payments on time and pay off the loan as arranged, and your account is reported to the credit agencies, it may help your credit score.

Title Loans

A car title loans are a short-term secured personal loans that allows you to borrow up to a specified sum or percentage of the automobile’s worth in return for using the title as collateral. If you apply, you might acquire money from a title loan the same day if you qualify.

If you do not pay on time, the lender may repossess your vehicle. Auto title loan providers primarily finance paid-off autos, while some may lend money on vehicles with loan amounts. A secured loan is a vehicle title loan on an automobile with a loan balance.

The conditions, loan amounts, and interest rates will vary depending on the state and lender. The typical vehicle title loan is $1,000, but it may vary from $100 to $10,000. A normal automobile title loan is for 15 to 30 days, while some jurisdictions allow for longer maturities.

You may collect between 25% and 50% of the vehicle’s worth, which includes boats, RVs, and motor bikes. You may be charged costs for loan origination, processing, and paperwork in addition to interest.

You’ll also need to produce a clean title (though some personal loan lenders don’t demand it), a picture ID, proof of insurance, and any other paperwork the lender may want. You may also be required to provide the lender with a duplicate set of automobile keys. Having stated that, you will retain your automobile throughout the payback period.

If you are unable to return the debt on time, you may be able to roll your current title loan into a new one, but this will simply result in more interest and fees. If you fail, the lender may take and sell your car to recoup what you owe.

Credit Card Cash Advances

A credit card cash advance is a monetary withdrawal from your credit card account. In essence, you’re borrowing money from your credit card to put money in your pocket.

However, there are fees associated with obtaining a credit card cash advance, as well as restrictions on the amount you may withdraw in certain situations.

You may acquire cash advances from ATMs if your credit card includes a PIN. Alternatively, you may take your card to a bank that gives advances via the payment network of your card, such as Mastercard or Visa. You will be required to present identification.

Many credit card companies consider using your credit card to pay a bill or acquire foreign currency to be a cash advance.

Be careful that advances include high fees, including an instant fee and interest charges, that begin the minute you get the money. Even if you pay off your credit card amount in full every month, this makes using a credit card for cash advances pricey.

So, if you use your credit card to withdraw cash, aim to pay off your debt as soon as possible to minimize the interest you’ll pay.

Home Equity Loans

A home equity loan is a sort of consumer debt that is also known as an equity loan, home equity installment loan, or second mortgage. Home equity loans enable homeowners to borrow against the value of their houses. The loan amount is determined by the difference between the current market value of the house and the homeowner’s mortgage debt owing.

A home equity loan allows you to borrow a large quantity of money all at once. It may be the best option if you know how much money you’ll need and when you’ll need it — for example, to finance a renovation project with a defined budget.

You will repay the home equity loan — principal and interest — at a fixed rate for a certain period of years. Make sure you can afford this second mortgage payment on top of your present mortgage and other monthly costs.

A home equity loan typically permits you to borrow 80% to 85% of the value of your property, less the amount owed on your mortgage. To calculate your home equity, you must first determine the entire amount of any obligations secured by your property (for example, your current mortgage, business loans, or private debts), as well as the current fair market value of your home.

Simply defined, your home equity is determined by deducting any loans secured by your property from the fair market value of your home.

How Do Emergency Loans Work?

Because emergency short-term loans are often unsecured, you will most likely not be required to put up any collateral to get one. Some lenders, however, provide secured personal loans, which require borrowers to put up assets (such as home equity and savings account funds) in order to borrow money.

Payday loans and credit card advances are additional possibilities for small emergency loans, but we suggest avoiding them wherever feasible.

Personal loan requirements differ per lender, so you must assess each choice on an individual basis. Consider how much you may borrow, fees, and the minimum credit score and income restrictions when comparing personal loan lenders.

Borrowers with poor credit score (FICO credit scores of 629 or below) may be able to get personal bad credit loans in an emergency, but you may need to search around for the best lender or add a co-borrower to improve your application.

Bad-credit consumers are often offered reduced interest rates by online lenders and credit unions. Online lenders, like credit unions, provide quick financing and do not need a membership.

Adding a co-borrower or co-signer with a better credit score and greater income may improve an application, and some lenders may provide a secured loan by an asset such as a savings account or car.

Once you receive an urgent loan, you will need to pay each month, according to the interest rate you have agreed to.

How Long Does it Take to Process an Emergency Loan?

Emergency loans are fast loans. Usually, you can fill out an application for receipt within 15 minutes. Everything will depend on many factors: financial setting, where you take a loan, your credit score, and the type of emergency loan.

The fastest way to get money is through unsecured personal loans because they require minimal document verification, no collateral, and credit account verification.

Some types of emergency loans are handled from the next business day after the loan application is filed. Some lenders that provide next-day financing to individuals who match specific criteria. Loan processing, on the other hand, may take several days, particularly if the lender requires extra information from you or if the loan isn’t granted on a working day.

How to Get an Emergency Loan?

Examine Your Credit Score

Before submitting an application, check your credit score for any past-due accounts or inaccuracies, and repair them. allows you to access your credit report from all three credit agencies.

A bad credit score (less than 630) does not automatically prohibit you from obtaining an emergency loan, but many lenders consider just your credit score extensively when reviewing your application.

Examine Lenders

Even if you need the money right now, check rates and conditions from different lenders to find the best offer. Most lenders allow you to pre-qualify online in order to sample the loan’s interest rate, amount, and payback duration. Pre-qualifying takes just a few minutes, and it has no effect on your credit score no matter how many times you do it.

Complete the Application

Once you’ve decided on a lender, you’ll need to fill out a thorough application and provide any necessary evidence, such as tax returns or pay stubs.

Obtain Your Cash

If you are authorized, the lender will have you sign for the emergency loan so that the emergency cash may be given to you – usually by direct deposit. A personal loan typically takes around one week to finance, while some lenders may in emergency fund bad credit loans as fast as the same or the next working day following approval.

How We Chose the Best Emergency Loans for Bad Credit

Loan Amounts

A personal loan allows you to borrow anything from $100 to $100,000 (or more). To keep your future payback expenses as low as possible, borrow just what you need. Make sure that the financial institution will give you a loan for the amount you need and that the interest rate will be satisfactory.

Eligibility Requirements

Consider what requirements you must satisfy in order to apply for a certain loan. In many circumstances, your credit score has a significant influence on your ability to qualify and the rate you’ll get. Each lender has its own set of rules and restrictions, so go through as many as possible before applying for an emergency loan.

Loan Costs

The loan with the lowest APR will have the lowest total cost. The APR may be used to contrast, small emergency loans with other types of finance. Because of a lower monthly payment a loan with a longer payback period may appear alluring, but the overall cost of interest will be higher. Look for a loan that strikes a balance between manageable monthly payments and fair interest rates.

Payment Terms

Depending on the lender, personal loan payback durations might vary from a month to a few years. In general, it’s advisable to select the shortest period you can afford to keep your interest payments as low as possible, even when choosing a longer term might result in a cheaper monthly payment.


Is there a Credit Check for Urgent Loan?

Any lender checks your credit history in one way or another. This is because lending rules oblige every credit provider operating in the United States to do a credit check on applicants. But the good news is that it is often a soft credit score check and even if you have a bad one, you can expect to receive secured or unsecured personal loans.

How fast can I get an emergency loan?

After accepting a loan application, lenders may deposit emergency loan funds into the borrower's account within a few business days. Look for a lender who will lend you money instantly or within 24 hours.

Can I get a loan if I'm unemployed?

If you are jobless or have inconsistent income, you may still be authorized for a personal loan; however, proving that you will be able to repay the cash may be more difficult (though not impossible). Sometimes lenders require almost no checks, but often in such cases, you can only borrow a small amount and most likely at a high percentage.

Can an emergency loan affect my credit score?

Loan might eventually raise your credit score if you make your payments on time. That emergency loan, though, may damage your credit score if you pay off your bill late or go past due.