When emergencies happen, financial stress can make a bad situation worse. The best emergency loans provide quick access to cash during hard times, without ultra-high interest costs or fees attached. It’s important to know which type of loan you’re getting before you apply, as not all emergency loans are created equal, and some are much better for your long-term financial health than others.
A personal loan for emergencies is often the best option as the average APR is typically lower than other types of loans such as using credit cards, title loans, payday loans, cash advance apps, or credit card advances.
Compare emergency loan rates of July 2024
Advertiser DisclosureOverview
Lightstream is one of three Credible partner lenders to offer loan amounts up to $100,000, which makes it ideal for financing large expenses like home improvements or weddings. Funds are available as soon as the same day you apply, and you'll have up to 12 years to repay certain types of loans, including home improvement loans, RV loans, and boat loans. There are no origination fees, and rates are low — Lightstream's lowest APR beats SoFi's advertised lowest APR by 1 percentage point. But you'll need good credit to qualify.
Unlike most lenders, Lightstream does not let you prequalify on its site. Nor does it provide a contact phone number next to its customer service hours on its website.
Repayment terms
2 - 12 years, depending on loan purpose
Eligibility
Available in all states except RI and VT
Time to get funds
As soon as the next business day
Loan uses
Credit card refinancing, debt consolidation, home improvement, and other purposes
Read full reviewOverview
Upstart has one of the lowest available APRs of Credible partner lenders and of all non-partners we reviewed, making it a good choice for well-qualified applicants. However, it's also is one of few lenders that doesn't have a minimum credit score requirement (if you apply on the lender's website), which makes it an option if you have bad credit or no credit history. Upstart may charge an origination fee as high as 12%, but good-credit borrowers may not be charged one at all.
Trustpilot gives Upstart 4.9 stars, which is the highest of all lenders we reviewed.
Time to get funds
As soon as 1 to 3 business days
Loan uses
Pay off credit cards, consolidate debt, relocate, make a large purchase, and other purposes
Read full reviewOverview
Upgrade has a suite of features that make it a very attractive lender: competitive interest rates, discounts for direct pay and autopay, as soon as same-day funding, up to seven-year repayment terms, and nationwide availability. Plus, loans are available to fair-credit borrowers, and you don't need to input your Social Security number to prequalify on the website. Upgrade even offers secured personal loans, which is not common among lenders.
However, Upgrade does charge an origination fee of 1.85% to 9.99%. You must have a FICO score of at least 600 and a minimum income of $25,000 annually to qualify.
Loan amount
$1,000 to $50,000 ($3,005 minimum in GA; $6,600 minimum in MA)
Loan uses
Credit card refinancing, debt consolidation, home improvement, major purchase, other
Read full reviewOverview
Best Egg is a solid lender for a wide range of borrowers and, notably, scored second for personal loan satisfaction in J.D. Power's Consumer Lending Study. It offers competitive rates, reasonable loan terms and amounts, and personal loans for fair credit. You'll need a FICO score of at least 600 to qualify, but the lower your score, the higher your APR may be. The APR includes the interest rate and origination fees, which range from 0.99% to 9.99% with Best Egg.
Note that if you successfully prequalify with Best Egg, you may be more likely to be approved for the loan relative to other lenders you prequalify with. Based on Credible data, borrowers who chose to apply for a loan with Best Egg were more than twice as likely to be approved (relative to most other Credible partners).
Fees
Origination fee, late fee, unsuccessful payment fee, check processing fee
Eligibility
Available in all states except DC, IA, VT, and WV
Time to get funds
As soon as 1 to 3 business days after successful verification
Loan uses
Credit card refinancing, debt consolidation, home improvement, and other purposes
Read full reviewOverview
Avant personal loans are a good choice for borrowers with bad credit looking for small- to moderate-sized personal loans. Loans are available up to $35,000 and you could get the money as soon as the next business day after approval. Plus, Avant is more likely than some lenders to approve the applications of borrowers who've prequalified with Avant. However, the lender charges an origination fee up to 9.99%, and its top-range interest rates are among the highest of the lenders we reviewed.
Fees
Origination fee, late fee, dishonored payment fee
Eligibility
Available in all states except HI, IA, MA, ME, NY, VT, and WV
Time to get funds
As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
Loan uses
Debt consolidation, emergency expense, life event, home improvement, and other purposes
Read full reviewOverview
Universal Credit is one of a handful of lenders that offers personal loans for bad credit. If your FICO credit score is at least 560, you may be eligible for a Universal Credit personal loan. It offers loan amounts up to $50,000, repayment terms up to seven years, and discounts for direct pay and autopay. Funds are available as soon as the next business day after loan approval.
Note that rates and fees can be relatively high — you may pay an origination fee from 5.25% to 9.99%, and APRs start at 11.69%. If you get a loan with a high interest rate, consider refinancing your personal loan at a lower rate once you've improved your credit score.
Eligibility
A U.S. citizen or permanent resident; not available in DC, IA, SC, WV
Time to get funds
As soon as 1 business day after acceptance
Loan uses
Debt consolidation, pay off credit cards, home improvements, unexpected expenses, home and auto repairs, weddings, and other major purchases
Read full reviewOverview
Zable offers relatively small loan amounts — ranging from $1,000 to $35,000 — that can be deposited in your account as soon as the same day you are approved, if it is by the lender's deadline. It’s an option for fair-credit borrowers, with a minimum credit score of 600, as well as those with lower incomes.
Its origination fees range from 5% to 9%, however, and it does not offer discounts, secured loans, nor the option to add a cosigner to your application. Zable also currently does not offer loans in 21 states.
Fees
Origination fees (5% to 9%)
Eligibility
Not available in CO, CT, IN, KS, LA, ME, ND, NE, NH, NJ, NV, OK, OR, PA, RI, SC, SD, VT, WV, WI, or WY
Loan uses
Debt consolidation, credit card refinancing, home improvement, major purchase, car financing
Read full reviewOverview
OneMain Financial has multiple options for bad-credit personal loans. There is no minimum credit score required (if you apply directly with OneMain), which means you could get a loan with bad credit (FICO below 580). Plus, cosigners are allowed — a cosigner is someone (ideally, with good credit) who promises to repay the loan if you can't, which can make it easier to qualify or lower your rate. And, secured personal loans are available. You secure a loan with collateral, which may also help you qualify or lower your rate.
Rates are higher than competitors and OneMain charges origination fees as either a flat fee up to $500, or a percentage from 1% to 10% (depending on your state of residence). Note that even if you prequalify for a personal loan with OneMain, getting approved isn't a given.
Fees
Origination fee, unsuccessful payment fee, late fee
Eligibility
Must have photo I.D. issued by U.S. federal, state or local government
Time to get funds
As soon as 1 to 2 days after acceptance
Loan use
All except business, and education
Read full reviewBest emergency loans
Waiting is the worst when you need money now. These emergency loans are all personal loans that can be funded as soon as the same day you apply, or the next day following your application’s approval.
Upgrade: Best for fair credit
Loan Amount
$1000 to $50000
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Fair credit borrowers eligible
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Autopay and direct pay discounts
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Can fund in as little as 1 business day
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Mobile app
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Secured loans available
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
High maximum origination fee
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Cosigners not accepted on home improvement loans
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Low J.D. Power ranking
Overview
Upgrade has a suite of features that make it a very attractive lender: competitive interest rates, discounts for direct pay and autopay, as soon as same-day funding, up to seven-year repayment terms, and nationwide availability. Plus, loans are available to fair-credit borrowers, and you don't need to input your Social Security number to prequalify on the website. Upgrade even offers secured personal loans, which is not common among lenders.
However, Upgrade does charge an origination fee of 1.85% to 9.99%. You must have a FICO score of at least 600 and a minimum income of $25,000 annually to qualify.
Loan amount
$1,000 to $50,000 ($3,005 minimum in GA; $6,600 minimum in MA)
Loan uses
Credit card refinancing, debt consolidation, home improvement, major purchase, other
Universal Credit: Best debt consolidation loans for bad credit
Best debt consolidation loans for bad credit
Loan Amount
$1000 to $50000
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Borrowers with bad credit considered
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
No minimum income requirement
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Autopay and direct pay discounts available
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Can fund in one business day
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
High APRs
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Potentially high origination fees
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Not available in Iowa
Overview
Universal Credit is one of a handful of lenders that offers personal loans for bad credit. If your FICO credit score is at least 560, you may be eligible for a Universal Credit personal loan. It offers loan amounts up to $50,000, repayment terms up to seven years, and discounts for direct pay and autopay. Funds are available as soon as the next business day after loan approval.
Note that rates and fees can be relatively high — you may pay an origination fee from 5.25% to 9.99%, and APRs start at 11.69%. If you get a loan with a high interest rate, consider refinancing your personal loan at a lower rate once you've improved your credit score.
Eligibility
A U.S. citizen or permanent resident; not available in DC, IA, SC, WV
Time to get funds
As soon as 1 business day after acceptance
Loan uses
Debt consolidation, pay off credit cards, home improvements, unexpected expenses, home and auto repairs, weddings, and other major purchases
Lightstream: Best home improvement loans and low rates
Best home improvement loans and low rates
Loan Amount
$5000 to $100000
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Same-day funding available
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
High maximum loan amount
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
No origination fee
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Good credit required
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
No prequalification process
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Not available in Vermont
Overview
Lightstream is one of three Credible partner lenders to offer loan amounts up to $100,000, which makes it ideal for financing large expenses like home improvements or weddings. Funds are available as soon as the same day you apply, and you'll have up to 12 years to repay certain types of loans, including home improvement loans, RV loans, and boat loans. There are no origination fees, and rates are low — Lightstream's lowest APR beats SoFi's advertised lowest APR by 1 percentage point. But you'll need good credit to qualify.
Unlike most lenders, Lightstream does not let you prequalify on its site. Nor does it provide a contact phone number next to its customer service hours on its website.
Repayment terms
2 - 12 years, depending on loan purpose
Eligibility
Available in all states except RI and VT
Time to get funds
As soon as the next business day
Loan uses
Credit card refinancing, debt consolidation, home improvement, and other purposes
Best Egg: Best close rates if pre-approved
Best for high close rates if pre-approved
Loan Amount
$2000 to $50000
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Secured loans available
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Low minimum income requirement
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Scored second in J.D. Power's Consumer Lending Satisfaction Study
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Funds in 1-3 business days
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
High close rate on loans through Credible platform
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Origination fees
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
No discounts
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Not available in DC, IA, VT, or WV
Overview
Best Egg is a solid lender for a wide range of borrowers and, notably, scored second for personal loan satisfaction in J.D. Power's Consumer Lending Study. It offers competitive rates, reasonable loan terms and amounts, and personal loans for fair credit. You'll need a FICO score of at least 600 to qualify, but the lower your score, the higher your APR may be. The APR includes the interest rate and origination fees, which range from 0.99% to 9.99% with Best Egg.
Note that if you successfully prequalify with Best Egg, you may be more likely to be approved for the loan relative to other lenders you prequalify with. Based on Credible data, borrowers who chose to apply for a loan with Best Egg were more than twice as likely to be approved (relative to most other Credible partners).
Fees
Origination fee, late fee, unsuccessful payment fee, check processing fee
Eligibility
Available in all states except DC, IA, VT, and WV
Time to get funds
As soon as 1 to 3 business days after successful verification
Loan uses
Credit card refinancing, debt consolidation, home improvement, and other purposes
60Month Loans: Best for borrowers with fair credit
Borrowers with fair credit
Loan Amount
$1000 to $10000
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
No hard credit inquiry when applying
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Open to borrowers with fair credit
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Excellent customer reviews
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Funding as soon as the next business day
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Low minimum loan amount
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Relatively high starting APRs
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Only available in 17 states
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Doesn't allow co-signers
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
No mobile app
Overview
If you have fair credit (a FICO score between 580 and 669), 60 Month Loans is one of a few personal loan lenders that may consider your application. Plus, the company doesn’t conduct a hard credit check. That means, unlike most other personal loan lenders, your credit score won’t take a hit if you apply for a 60 Month Loan. It should be pointed out that the company offers a range of repayment terms, from one year to five years.
However, the maximum loan amount is low relative to other lenders, some of which offer loans up to $50,000 or more. And APRs start high, making the company a poor choice for applicants with excellent credit. Check your state for availability, as loans aren’t available nationwide.
Loan amount
$1,000 - $10,000 (up to $7,000 for first time borrowers)
Eligibility
Available in all states except AK, AR, CO, CT, DC, FL, GU, HI, IL, IN, KS, LA, ME, MD, MI, MN, MS, NE, NV, NJ, NY, NC, MP, OH, OK, PA, PR, RI, TN, TX, TT, VT, VI, WA, WV, WI, WY
Loan uses
Debt consolidation, home repair, emergency expenses, medical expenses
Avant: Best for all credit types
Best for all credit types
Loan Amount
$2000 to $35000
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Borrowers with bad credit considered
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Funds as soon as the next business day
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
2-year loan terms available
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
No discounts offered
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Origination fee
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Not available in HI, IA, MA, ME, NY, VT, or WV
Overview
Avant personal loans are a good choice for borrowers with bad credit looking for small- to moderate-sized personal loans. Loans are available up to $35,000 and you could get the money as soon as the next business day after approval. Plus, Avant is more likely than some lenders to approve the applications of borrowers who've prequalified with Avant. However, the lender charges an origination fee up to 9.99%, and its top-range interest rates are among the highest of the lenders we reviewed.
Fees
Origination fee, late fee, dishonored payment fee
Eligibility
Available in all states except HI, IA, MA, ME, NY, VT, and WV
Time to get funds
As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
Loan uses
Debt consolidation, emergency expense, life event, home improvement, and other purposes
Upstart: Best fast personal loans for all credit types
Best fast personal loans for all credit types
Loan Amount
$1000 to $50000
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
May fund in 1 business day
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
No minimum credit score requirement on lender site
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Low minimum APR
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Trustpilot score of 4.9/5 stars
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
May charge a high origination fee
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
No discounts offered
Overview
Upstart has one of the lowest available APRs of Credible partner lenders and of all non-partners we reviewed, making it a good choice for well-qualified applicants. However, it's also is one of few lenders that doesn't have a minimum credit score requirement (if you apply on the lender's website), which makes it an option if you have bad credit or no credit history. Upstart may charge an origination fee as high as 12%, but good-credit borrowers may not be charged one at all.
Trustpilot gives Upstart 4.9 stars, which is the highest of all lenders we reviewed.
Time to get funds
As soon as 1 to 3 business days
Loan uses
Pay off credit cards, consolidate debt, relocate, make a large purchase, and other purposes
OneMain Financial: Best for bad credit personal loans
Best bad credit personal loans
Loan Amount
$1500 to $20000
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Flexible eligibility requirements
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Offers secured options
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Competitive bad-credit loans
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Physical presence
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Availability
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Origination fees
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
High starting APR
Overview
OneMain Financial has multiple options for bad-credit personal loans. There is no minimum credit score required (if you apply directly with OneMain), which means you could get a loan with bad credit (FICO below 580). Plus, cosigners are allowed — a cosigner is someone (ideally, with good credit) who promises to repay the loan if you can't, which can make it easier to qualify or lower your rate. And, secured personal loans are available. You secure a loan with collateral, which may also help you qualify or lower your rate.
Rates are higher than competitors and OneMain charges origination fees as either a flat fee up to $500, or a percentage from 1% to 10% (depending on your state of residence). Note that even if you prequalify for a personal loan with OneMain, getting approved isn't a given.
Fees
Origination fee, unsuccessful payment fee, late fee
Eligibility
Must have photo I.D. issued by U.S. federal, state or local government
Time to get funds
As soon as 1 to 2 days after acceptance
Loan use
All except business, and education
Reach Financial: Best for fast funding and fair credit
Best for fast funding and fair credit
Loan Amount
$3500 to $40000
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Fast funding
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Can improve credit
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Fair-credit borrowers may be eligible
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Limited use
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
High starting loan amounts
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Origination fee
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Limited availability: Not available in CO, CT, ME, NV, NH, TN, VT, WV, or WY
Overview
Reach is an option if you have fair credit, especially if you need money fast. According to the company, 90% of Reach personal loans are funded within one day of approval.
It's a good choice for debt consolidation and credit card refinancing, but borrowers with excellent credit may not find the lowest rates with Reach. The company also charges more fees than some of its competitors and doesn't offer direct pay or autopay discounts. If you need a 7-year term loan, you'll need to look elsewhere. Reach personal loans are not available in all states.
Fees
Origination Fee, $15 Late Fee, $25 NSF Fee
Eligibility
Available in all states except CO, CT, ME, NV, NH, TN, VT, WV, WY, and all U.S. Territories
Time to get funds
Funds typically deposited into your account in 1 business day13
Loan uses
Debt consolidation, credit card refinancing
Zable: Best for short-term loans and same day funding
Best for short-term loans and same day funding
Loan Amount
$1000 to $35000
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Funding as soon as the same day
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
Low minimum income required
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRTZGNEVEIi8+CiAgPHBhdGggZD0iTTYuODEzODMgMTEuMjYwNkwxNC4wNDI2IDRMMTUgNC45NzM0TDYuODEzODMgMTMuMTU5NkwzIDkuMzQ1NzRMMy45MjU1MyA4LjM4ODNMNi44MTM4MyAxMS4yNjA2WiIgZmlsbD0iIzMxN0Q3NSIvPgo8L3N2Zz4K)
100% digital process
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
No discounts
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Maximum loan amount is lower than most other lenders
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Origination fee
![](https://cdn.statically.io/img/www.credible.com/data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHZpZXdCb3g9IjAgMCAxOCAxOCIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KICA8cmVjdCB3aWR0aD0iMTgiIGhlaWdodD0iMTgiIHJ4PSI5IiBmaWxsPSIjRkRFN0UzIi8+CiAgPHBhdGggZD0iTTE0IDUuMDAzMzRMMTAuMDAzMyA5TDE0IDEyLjk3OTlMMTIuOTc5OSAxNEw5IDEwLjAwMzNMNS4wMjAwNyAxNEw0IDEyLjk3OTlMNy45OTY2NiA5TDQgNS4wMDMzNEw1LjAyMDA3IDRMOSA3Ljk5NjY2TDEyLjk3OTkgNEwxNCA1LjAwMzM0WiIgZmlsbD0iI0Q0MzUxNiIvPgo8L3N2Zz4K)
Not available in CO, CT, IN, KS, LA, ME, ND, NE, NH, NJ, NV, OK, OR, PA, RI, SC, SD, VT, WV, WI, or WY
Overview
Zable offers relatively small loan amounts — ranging from $1,000 to $35,000 — that can be deposited in your account as soon as the same day you are approved, if it is by the lender's deadline. It’s an option for fair-credit borrowers, with a minimum credit score of 600, as well as those with lower incomes.
Its origination fees range from 5% to 9%, however, and it does not offer discounts, secured loans, nor the option to add a cosigner to your application. Zable also currently does not offer loans in 21 states.
Fees
Origination fees (5% to 9%)
Eligibility
Not available in CO, CT, IN, KS, LA, ME, ND, NE, NH, NJ, NV, OK, OR, PA, RI, SC, SD, VT, WV, WI, or WY
Loan uses
Debt consolidation, credit card refinancing, home improvement, major purchase, car financing
Methodology
Credible evaluated the best personal loan lenders for emergency loans based on factors such as customer experience, minimum fixed rate, maximum loan amount, funding time, loan terms, fees, discounts, and whether cosigners are accepted. Credible’s team of experts gathered information from each lender’s website, customer service department, directly from our partners, and via email support. Each data point was verified by a third party to make sure it was accurate and up to date.
Learn more about how Credible rates lenders by exploring our Personal Loans Lender Rating Methodology.
How to compare emergency loans
When you compare emergency loans, consider the following:
- APR: A loan’s annual percentage rate, or APR, tells you how much you’ll pay annually on interest and fees, expressed as a percentage. The lower the APR, the less it’ll cost to borrow.
- Loan amounts: You can find loan amounts ranging from as low as $600 up to $100,000. Lenders for payday loans typically offer $500 or less but come with high APRs.
- Terms: Depending on the type of emergency loan, terms can range from one to seven years. The shorter the term, the higher your monthly payment will likely be.
- Funding time: Look for a lender that offers fast funding. Some lenders can finance your loan as soon as the same or next business day.
- Lender’s reputation: Be sure to check out customer reviews before choosing a lender. Consider predatory lending signs such as exorbitant high interest rates and no credit check. If many previous customers have had negative experiences working with a lender, that may be a red flag.
Compare Personal Loan Rates
How do emergency loans work?
Emergency loans refer to a few different types of loans you can use to access cash quickly during an emergency. They’re typically unsecured, which means you don’t need collateral to secure the loan. You can use an emergency loan for almost any purpose, such as car repairs, a large purchase, or medical expenses.
Here are the different types of emergency loans:
- Personal loans: A personal loan is a monthly installment loan that’s typically unsecured. Qualification hinges on your credit score, income, and other financial factors. If you qualify, you’ll receive a lump sum for the loan amount. Then you’ll pay it back, plus interest, in monthly payments over the loan’s term.
- Payday loans: A payday loan is a short-term loan for a small amount of money — typically no more than a few hundred dollars. But they’re known for astronomical APRs — sometimes as high as 400%. In most cases, there are better loan options.
- Title loans: A title loan is a short-term loan that uses your vehicle title as collateral. Typically, loan amounts are for up to 50% of your car’s value. These are some of the most expensive emergency loans, with APRs of up to 300% — and they’re not legal in every state.
- Credit card cash advance: A cash advance from your credit card allows you to withdraw cash in a pinch. But you’ll have to pay extra fees, and this service may have an even higher interest rate than your regular APR. Interest typically accrues immediately.
- Cash advance apps: Cash advance apps allow you to borrow small amounts from your upcoming paycheck before you receive it. While convenient, it can be an expensive way to borrow. These apps sometimes charge subscription and other types of fees rather than expressing costs as APR, and these fees can add up.
| | | | |
---|
| | | Fees vary by lender, may have: Application fees Origination fees Late payment fees Prepayment fees Annual fees | Up to a week, sometimes within a day |
| | | Often flat-rate loan fee Late payment fee | Within a day, sometimes immediately |
| Up to 50% of your vehicle's value | | Processing fees Document fees Origination fees | |
| Depends on your available credit line | | Annual fees Cash advance fee Potential ATM fee | |
| Typically less than $1,000 | | Subscription fees Fast funding fees Optional tips | |
Qualifications for emergency loans
Generally, you may have to meet certain eligibility requirements before applying for a loan. Eligibility requirements vary by loan type and lender, but lenders typically consider the following:
- Credit score: Some emergency lenders don't check your credit, while others do. (Emergency loans with the best rates usually come from the latter.) It's best to have a fair credit score or higher — that’s a score of at least 580. But certain emergency loans, like Upstart, OneMain, and Universal Credit consider lower scores. Payday loans, cash app advances, and some bad credit installment loans don't check your credit, but fees and interst rates are typically much higher.
- Income verification: To qualify for many loans, you may be required to prove you have a stable income. This helps show lenders you’ll have the cash on hand to pay back a loan.
- Debt-to-income ratio (DTI): Your DTI measures your monthly debt payments against your gross monthly income, and is used when determining your loan eligibility. Most lenders require a DTI of around 36% or less.
- Collateral: If you apply for a secured emergency loan, you’ll need collateral. In the case of a title loan, this would be your car title.
How to apply for an emergency loan
The process for getting an emergency loan varies by loan type. Title loans, payday loans, credit card cash advances, and cash advance apps often have a simpler, quicker process for getting cash.
When it comes to applying for a personal loan, however, you’ll have to do a little more legwork to apply and qualify:
- Check your credit: Your credit score plays a big role in the type of loan you can qualify for, so it’s important to know before comparing loans. Plus, checking your credit report gives you a chance to make sure there are no mistakes negatively impacting your score.
- Compare lenders: Rather than applying for the first loan you see, take time to compare lenders. Even a small difference in the interest rate can equate to huge savings over the life of a loan. Pay attention to things like funding time, fees, terms, and a lender’s reputation, too.
- Apply for a loan: Most lenders allow you to apply for a loan online. You’ll need to provide your personal and financial information, plus income verification.
- Finalize the loan and begin payments: Once you receive a loan offer, read the loan agreement carefully before signing. After receiving your funds, you’ll begin making your monthly payments.
Compare Personal Loan Rates
Alternatives to emergency loans
Sometimes an emergency loan isn’t the best way to pay for unexpected expenses. If you’re looking for an alternative to an emergency loan, consider the following:
- Payday alternative loans: Accessible to members of federal credit unions, payday alternative loans are affordable short-term loans of up to $1,000. Application fees are capped at $20, rates are capped at 28%, and terms can last up to six months.
- Credit card purchase: Depending on the size of the emergency, you may be able to cover it with a simple credit card purchase. Credit card interest rates can be high, though, so try to not put a charge on a credit card you won’t be able to pay off quickly.
- Help from family or friends: If you have family and friends willing to help you out in a financial emergency, you may be able to avoid the costs of borrowing. When taking a loan from friends or family, it can help to put repayment terms in writing.
- Paycheck advance: Paycheck, or payroll, advances are a type of short-term loan that allow you to borrow against your next paycheck, then pay it back out of a future paycheck or in a series of installments. But not all employers offer this service.
- Personal line of credit: A personal line of credit is similar to a credit card — you can borrow against it as needed and have to make minimum payments each month. You often need to have a checking account at a bank or credit union in order to open a personal line of credit there.
- Financial assistance: Depending on your personal and financial situation, there may be assistance programs to help you during an emergency. Start by calling 211 to get connected with resources in your area.
Best Credit Cards
How to build an emergency fund
Certain situations may call for an emergency loan, but ideally you can set aside a cash buffer for emergencies. Here’s how to start saving for that emergency fund:
- Figure out how much you need to save: Many financial experts suggest setting aside three to six months’ worth of essential living expenses for emergencies. Calculate your monthly essentials, and decide on a target that’ll give you some peace of mind.
- Set a reasonable monthly savings goal: Setting a reasonable savings goal each month can keep you motivated when your goal seems out of reach. Even if you can only afford to save a little each month, set a goal and slowly increase it when you can.
- Set up an automatic transfer into a dedicated savings account: Make sure your savings actually make it into an emergency fund by setting up automatic transfers from your checking into your savings. To get the most bang for your buck, keep emergency savings in a high-yield savings account.
FAQ
Where can I get an emergency loan?
It depends on the type of loan you’re looking for. You can get personal loans at banks, credit unions, or from online lenders. You can get payday loans and title loans from companies specializing in these types of loans. You can also get a cash advance from your credit card company or use a cash advance app like Dave or MoneyLion.
How can I improve my chances of approval for an emergency loan?
You can improve your chances of loan approval by building your credit and lowering your DTI. However, these aren’t metrics you can improve overnight. If you’re looking for a quicker way to improve your chances of loan approval, you can apply for an emergency loan that allows cosigners, or you can apply for a secured loan.
What can I use an emergency loan for?
You can use an emergency loan to pay for a wide range of unexpected costs. For example, an emergency loan could cover emergency travel, urgent vehicle or home repairs, emergency vet bills, or other unplanned costs.
Can you qualify for an emergency loan with bad credit?
You might — it depends on the type of loan you apply for, your financial situation, and whether or not you apply with a cosigner. If you have bad credit, start by looking specifically for loans for bad credit. Keep in mind, these loans may have higher interest rates and fees. If you’re having trouble qualifying for an affordable loan, try applying with a cosigner or getting a secured loan.
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Meet the expert:
Emily Batdorf
Emily Batdorf is a personal finance expert, specializing in banking, lending, credit cards, and budgeting. Drawing on her scientific background, she's developed a knack for analyzing financial products in the context of different needs. She finds joy in helping readers understand their best options and shuns a one-size-fits-all approach.