Cover Emergency Expenses With These Loans

That’s where emergency loans can save the day, and here are some of the top ones to choose from as you shop around for the best rates and terms to fit your needs and budget.

Hopefully, you will never need to apply for an emergency loan. But if you do, here are some lenders that can fulfill your needs, and we included a list of their pros and cons to help you decide if they are the right fit.

Emergency loans in the $1,000 to $35,000 range with 5.94% to 35.97% APR for borrowers with a minimum 580 credit score.

The good:

• You don’t need a high credit score to qualify.
• Upgrade will pay your lender directly if you’re using the loan to pay off debt consolidation.
• If necessary, you can use the loan funds to cover emergency business expenses.

The bad:

• Upgrade charges origination, insufficient funds, and late fees.
• You could get a high APR if your credit isn’t too great.
• You can only choose between two repayment periods.

Emergency loan funding for borrowers with a minimum 600 credit score. Loans between $2,000 and $40,000 with 7.95% to 35.99% APR.

The good:

• The credit score requirement isn’t too high.
• You can get funding in as little as three days.

The bad:

• A high APR for certain lenders with lower credit scores.
• You can only pick between three and five-year terms.
• There are origination and late fees.

$3,500 to $40,000 emergency loans with 6.74% to 19.74% APR if you choose autopay.

The good:

• Zero fees.
• Flexibility with changing the loan’s due date.
• Three to six-year terms.

The bad:

• Funds cannot be used for anything related to student loans.
• You cannot use a co-applicant or co-signer.

Borrowers with 580 credit scores can get 9.95% to 35.99% APR emergency loans worth $2,000 to $35,000 here.

The good:

• Low credit score requirement.
• Funding within one business day.
• You can take up to 60 months to repay the emergency loan.

The bad:

• Possibility of a high APR.
• No co-signers or co-applicants.
• Administrative fee.

Emergency loans in the $1,000 to $40,000 range with 7.04% to 35.89% APR for borrowers with a minimum 600 credit score.

The good:

• Low credit score requirement.
• Co-applicants are ok.

The bad:

• High APR if your credit score is low.
• You can only choose between three or five-year terms.
• You have to pay origination and late fees.

Emergency loans for borrowers with a minimum 580 credit score in the $2,000 to $45,000 range with 5.97% to 29.99% APR.

The good:

• You don’t need a high credit score to qualify.
• No prepayment penalty.
• Same-day approval and funding.
• You can see if you prequalify with a soft credit check.

The bad:

• No co-applicants or co-signers.
• You can only pick between three or five-year terms.
• Rocket Loans charges origination, insufficient funds, and late fees.

Borrowers with 660 credit scores or higher can get $5,000 to $100,000 emergency loans with 3.49% to 19.99% APR through this lender.

The good:

• Great rates.
• Zero fees.
• Fast funding and approval.

The bad:

• Restrictions on how you use the loan funds.
• You can’t see if you prequalify.