Emergency Loans

You can never be too prepared for emergencies. Sometimes, they sneak up on you when you have little to no savings and nowhere to turn to for help. Let’s help you through these difficult times by connecting you with lenders who can fund you within the same day, or at most, the following business day.

Want to borrow more than $5,000? Click here!

When you have an emergency expense to cover and you don't have any money to pay for it, then it may be time to apply for a bad credit emergency loan. These loans are specifically designed for people who have bad credit history and need some cash in their hands as soon as possible.

In this article, we will show you in detail how emergency loans work, and a well-curated list of the best places where you can find these loans.

  • CocoLoan - Regulated loan broker that can help its user find ideal loan offers
  • WeLoans - Trustworthy broker with a secure and transparent procedure
  • US Bad Credit Loans - Best for its short-term bad credit loan options
  • iPaydayLoans - Credible payday loan options for emergencies
default imgWhy Us
How much can I borrow?$50-$35,000No hidden fees or charges
I have bad credit. Can I apply?YesBad credit is considered
Over how long can I spread the repayments?1-36 monthsFast decisions
Are credit checks involved?YesSoft credit checks only
Chances of getting approvalsGood256-bit encryption protocol
How to apply?Apply onlineEasy application
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What Are Emergency Loans?

Financial emergencies can pull up at any time and in any form. The most important thing is how prepared you are for it. Do you have an emergency fund? Are your savings enough to cater to them? If not, are there other alternatives you can try?

Perhaps, you didn't know. Loans are a good option and do not necessarily take too long to process.

Emergency loans, provided by online lenders, can be processed as quickly as the same day or the next business day. They are personal loans disbursed quickly to help the borrower cover unexpected costs and expenses as soon as they come. Like many loan offers from online lenders, they do not have a minimum credit score requirement.

You can use a broker like iPaydayLoans if you are unsure which lender to approach. iPaydayLoans can connect you to a lender whose loan offers are tailored to your financial needs.

What Kinds of Emergency Loans Are There?

Payday Loans

Payday loans are short-term, unsecured emergency loans people take out against their next paycheck. They are often used to resolve emergencies that can't wait till the borrower's next payday. Since they are short term and unsecured, the interest rates charged on them are usually high.

Personal Loans

Personal loans have longer loan terms and lower interest rates than payday loans. There is also a fixed monthly payment option that allows you to spread the total cost of the loan over a long term. Personal loans can be used for virtually anything including funeral and wedding expenses.

Title Loans

Title loans are a good option for people with bad credit. You can tender your car title as collateral to increase your chances of getting approved for a loan. Using a car title as collateral also gives you access to higher loan amounts. Lenders also charge lower interest rates if you have collateral.

Common Emergency Loan Sources


Banks are always a good emergency loan option if you have a good credit score and can meet their income requirements. However, it might take a few days to weeks to process a deposit.

Credit Unions

You can also get a loan from credit unions. They charge lower interest rates and can provide you with between $200 and $1000. However, most credit unions need you to be a member first, to qualify for their loan. You may want to try an alternative if you aren't a member or need higher loan amounts.

Online Lenders

They are your best bet if you want a loan as soon as the same day or the next and don't belong to any credit unions. Unlike banks, they do not have high income requirements, nor do you need to have good credit to qualify for a loan with them.

10 Best Emergency Loan Online Lenders With Same Day Funding

There are many online loan providers and brokers you can go to for emergency loans but not so many of them have the reliability and speed that can meet your expectation. The best way to judge their reliability is by observing their performance over the years. You can use the review of best emergency loans below as references to find the right loan options that can fit your specific needs.

1. iPaydayLoans - Credible payday loan options for emergencies

Emergency Loans for Bad Credit iPaydayLoans

iPaydayLoans offers instant services that can link you to numerous reliable lenders. While dealing with various types of loans, a lot of our users choose our payday loan options ranging from $50 to $5,000 that can be used for a wide range of purposes. As one of the quickest ways to get instant money, our payday loans are very helpful especially to cover emergency costs that come unexpectedly.

iPaydayLoans is equipped with top-level security of 256-bit encryption protocol and an SSL certificate. This security system makes sure that every data entering its database is safe and secure, and blocks any outside intervention that tries to illegally mine or harvest the data.

The best feature of iPaydayLoans is probably how fast we and our lenders process your request. Once you've completed our online form, we will pass your loan request to various lenders immediately, so they can quickly decide if they want to give you loan offers. When they decide to do this, you will get approved instantly. Once you choose and accept an offer, you'll soon receive the money you need.

See the pros and cons below to have a better overview of iPaydayLoans' services.


  • Fair and competitive interest rates
  • Flexible repayment terms
  • Easy submission
  • Secure database


  • The service may not be available in certain states
  • Some lenders may charge origination fees.

Borrow an emergency loan on iPaydayLoans >>

2. CocoLoan - Regulated loan broker that can help its user find ideal loan offers

Emergency Loans for Bad Credit CocoLoan

As a legally regulated loan broker, CocoLoan helps its users receive multiple loan options from networks of reliable lenders. Although it deals with various types of loans, either secured or unsecured, with flexible requirements and repayment terms, this platform is more well-known for its short-term loan options that are mostly used to cover urgent expenses. These options are also available for people with low credit scores.

Consider the pros and cons below to see if CocoLoan's services can fit your specific needs.


  • Safe transaction
  • Lower interest rates
  • Simple application and fast approval
  • Available options for bad credit


  • The APR for bad credit can be quite high
  • Some lenders may charge early or late payment fees

Check out the online emergency loans offered by CocoLoan >>

3. WeLoans - Trustworthy broker with a secure and transparent procedure

Emergency Loans for Bad Credit WeLoans

WeLoans runs services that provide secure loan options, especially those with quick funding, from numerous potential lenders. Its services are accessible by submitting simple loan requests. Although not common, if in case there is no offer coming from any of its lenders, WeLoan will pass your loan request to its extended third party to see if you can receive offers for credit monitoring, credit repair, debt relief, or other similar services.

The pros and cons below may give a general overview of WeLoans' services.


  • Flexible repayment terms
  • Easy submission process
  • Available 24 hours.
  • Quick funding


  • Rates may vary by lenders
  • Bad credit payday loan services may not be available in certain states

Find out more about the emergency loan options on WeLoans >>

4. US Bad Credit Loans - Best for its short-term bad credit loan options

Emergency Loans for Bad Credit US Bad Credit Loans

US Bad Credit Loans connects you to numerous lenders that offer various loan options targeted especially at those with low credit scores. These loan options come with a minimum repayment term of one month and a maximum term of up to 72 months. Equipped with a responsive interface and straightforward submission process, this platform doesn't charge upfront costs or apply any hidden fees

See the pros and cons below to decide if US Bad Credit Loans's service is the right choice for you.


  • No service fee
  • Competitive interest rates
  • Wide range of online lender networks
  • Simple process


  • Slight ads on some of its web pages
  • Some lenders may quickly retract offers

View the bad credit emergency loan options on US Bad Credit Loans >>

5. BadCreditLoans - Offering bad credit loans with no hard credit checks!

Emergency Loans for Bad Credit BadCreditLoans

BadCreditLoans matches its users' loan requests with potential lenders that offer a wide range of loans, specifically for those with bad credit. The loan amounts offered on this platform range from $500 to $10,000 with repayment terms between three to 36 months. BadCreditLoans uses industry-standard encryption to protect its users' personal information and is legally bound not to expose the information to other parties without their consent.

The general overview of BadCreditLoans' services can be seen in the pros and cons below.


  • High loan amounts of up to $10,000
  • Convenient submission process
  • No minimum credit score
  • No upfront fee


  • Higher APR
  • Eligibility requirements may vary by lender

See more details about the loan services of BadCreditLoans >>

6. CashAdvance - Cover your emergency with instant and secure funds!

Emergency Loans for Bad Credit CashAdvance

CashAdvance is mainly known for its quick loan offers which, although not exclusive, are mostly used for emergencies. Since 1997, this platform has developed a prominent base of lending partners that can accommodate a large range of credit types with amounts of up to $1000. CashAdvance's website is displayed with the membership badge of Online Lender Alliance (OLA) which represents its dedication to providing credible services.

The pros and cons below may give a general idea of CashAdvance's services.


  • Large network of lenders
  • Quick sign-up process
  • Funding can happen instantly after approval or on the next business day at the longest


  • Loan amounts are relatively lower ($100 to $1000)
  • High-interest rates

Visit the website of CashAdvance and get more information >>

7. US Installment Loans - Credible installment loans for various purposes

Emergency Loans for Bad Credit US Installment Loans

As the name suggests, US Installment Loans is an established loan broker that helps its users find ideal installment loans to fulfill their specific needs. The installment loans offered on this platform can be as high as 35,000 USD and can be used to cover various financial needs. What's more, they are relatively easy to get even if you have bad credit history.

Understand more about the services of US Installment Loans through the pros and cons below:


  • No service fee
  • An extensive number of options are available
  • Flexible repayment terms
  • Bad credit considered


  • Some lenders may charge early and late payments fees
  • The secured options may cause you to lose your asset

See the services of US Installment Loans in detail >>

8. PersonalLoans - Hassle-free personal loan experience

Emergency Loans for Bad Credit PersonalLoans

PersonlLoans connects you to reliable lenders that offer personal loan options ranging from $1000 to $35,000. This hassle-free service is easily accessible by submitting required personal information on its website. The funds generally can be used for various purposes with no specific limitations. PersonalLoans doesn't charge upfront costs or apply any hidden fees

See the pros and cons below to decide if PersonalLoan's service is the right choice for you.


  • High amounts of up to $35,000
  • Competitive interest rates
  • Wide range of online lender networks
  • Swift application process


  • Ads on some of its web pages
  • APR ranges tend to be higher

Borrow an emergency loan with PersonalLoans >>

9. Fast Title Loans - Best for title loans for emergency expenses

Emergency Loans for Bad Credit Fast Title Loans

Fast Title Loans is specifically designed to provide title loan options from their long-listing reliable lenders. By submitting your personal information on its website, this platform will assign a professional team to further proceed with your demand and eventually find suitable lenders for you. They are a good place to seek help from if you're looking for quick financial assistance and you happen to have a car.

The general overview of this service may be seen in the pros and cons below:


  • Fast funding
  • Less strict credit checks
  • Less potential impact on credit score
  • Flexible collateral options


  • Some lenders may charge origination fees.
  • Your vehicle might get repossessed if you don't repay in time.

Find out more about the loan options of Fast Title Loans >>

10. US Title Loans - Completely online and easy to get title loans

Emergency Loans for Bad Credit US Title Loans

US Title Loans provides an easy service that connects you to potential title loan lenders across states. This platform has an intuitive interface, especially for beginner users, that conveniently helps you walk through the process from beginning to end completely online. In addition to title loans, they can also help you get a variety of loan options with their large lender network

You may want to see the pros and cons below to understand the service of US Title Loans better.


  • Newbie-friendly interface
  • Bank-level confidentiality
  • Credible title loan lenders
  • Responsive notification for late payment

Cons :

  • Keep missing payments may cause you to lose legal ownership of your car
  • Strict requirements for the designated collateral

Check out the quick loans of US Title Loans >>

How to Pick a Right Emergency Loan Lender?

There are so many online lenders these days. Most, if not all, promise excellent service. Since all of them seem to be reliable, excellent lenders, does it mean they are all good fits for you? How do you know which to settle for? On what basis should you make a selection?

Loan amounts

How much can they provide you with? If a lender's maximum loan amount is $1k and what you need is $3k, you can already tell that you two aren't an ideal match. If you need just $600, there's no point approaching a lender who won't go less than $800. To be a good fit, what you need must be within their minimum and maximum loan amount range.

Interest rates

Interest rates, usually expressed as annual percentage rates (APRs), give an idea of the total cost of the loan. So, you should be aiming for a lender whose interest rates are in the lowest APR spectrum or bracket.

Eligibility requirements

Ask yourself this; how many of this lender's eligibility requirements do I meet? Some lenders need you to have a monthly income of at least $1k, others need you to have a good credit score. There's no point in applying for a loan at a lender's if you do not meet their eligibility requirements.

Deposit speeds

How soon can the lender fund your account? If it's an emergency need, then you want a lender who can process a deposit almost immediately. Some lenders can deposit the loan in your account as quickly as the following business day. Some do it even sooner; the same day.

Use Cases for Emergency Loans

In what scenarios are emergency loans important? What can I use the emergency loan for? You can use it for just about any emergency situation you find yourself in. However, these are the most common use cases for emergency loans.

Mortgage payments

Emergency loans are used to cover mortgage payments. Instead of defaulting on payment deadlines and risking a dip in credit ratings, some persons prefer obtaining an emergency loan to cover this expense before the deadline.

School tuition

Tuitions can be pricey depending on the school's status and location. But education isn't something you or your ward can do without. You can take out an emergency loan to settle your tuition and other school-related expenses if you are already running out of time on payments.


Wedding ceremonies can cost a lot, depending on the wedding's theme, setting and the number of invited guests. However, there are only so many costs you can cut when it comes to once-in-a-lifetime events like this. If you don't have just enough to take care of the expenses, you can take out an emergency loan.


Phone, Wifi and Power bills are expenses you cannot just write off. You could be cut off if you don't pay these bills on time. Why not apply for an emergency loan if you can't get an alternative source of funding? Most lenders report on-time payments. So, repaying your loan on time can in fact help you build your credit score. That's a win-win. Bills are sorted and credit scores improved by a few points, all in one go.

Long-term Solution To Not Needing Emergency Loans

Emergency loans are taken out to sort emergencies, and so, aren't a long-term solution. In the long term, you should consider setting up an emergency fund, an account where you stash cash for the rainy days. Here's how you can build one:

Cut down your expenses

If you live paycheck to paycheck, cutting out some money as savings can be a little difficult. The key to doing this is making a list of your monthly expenses, ranking them in order of priority and canceling frivolities. Money spent on these frivolities can instead be stored in your emergency fund.

Open a savings account with high yield potential

The first step to any saving strategy is cutting down on your expenses. But what do you do with the money you've saved from cutting down expenses? You can open a savings account, separate from your spending account. An online account with higher interest rates than what your bank offers is a good deal. You may also invest it in company stocks and cryptocurrencies. However, these are riskier ventures than a savings account.

Automate withdrawal into your savings account

You can automate deposits into your savings account. It's easier to save this way. There's a lesser chance of getting tempted to spend the money on something else.

How Can I Quickly Request an Emergency Loan With Bad Credit?

Applying for an emergency loan is made an absolute cinch by iPaydayLoans. It's as simple as filling out its short, simple loan request form. You'll be expected to provide your amounts, the purpose of the loan, income, company, and more. This data will be very helpful for our partner lenders to assess your affordability and reliability. Submit the form and you will be connected with a list of reliable lenders. In a few minutes, they make an approval decision and if successful, you will be sent a quote. Accept the offer whose terms and rates match your needs and your loan will be processed soon enough.

Get Cash When You Need It Most

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How quickly can you process an emergency loan?

Emergency loans are generally processed with a sense of urgency. Usually, borrowers can get funded as quickly as the next hour or two, depending on the lender and the borrower's bank processing speed.

How possible is it to get an emergency loan without a credit check?

Let's cut to the chase. 'Without a credit check' in the lending context is interpreted as soft credit checks. Now, credit checks are mandated by US financial regulators to be run on every borrower. However, seeing that these credit checks can have negative impacts on the borrower's credit score, some lenders choose to run only soft credit checks. These checks do not show up on your credit report and are thus regarded as zero credit checks

Can an emergency loan affect my credit score?

Yes. In two ways too. Early repayments are reported to the major credit reporting bureaus - Experian, TransUnion, and Equifax. Therefore, your credit ratings appreciate by a few points every time you make an early payment. On the other hand, your credit score can take a hit for missed payment deadlines and defaulting on payments.

How much can you approve?

This generally depends on your credit score, employment history, income, debt-to-income ratio, and spending history. However, iPaydayLoans has in its lenders' network, lenders that can provide you with up to $5000 in loans.

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iPaydayLoans, Your Best Friend For the Rainy Days

You can bank on us. We are willing to help you through those financial trying times. iPaydayLoans can connect you to emergency loan lenders who can provide you with a loan within the same day of approval.

Get a Quote

iPaydayLoans is a company committed to connecting borrowers to hundreds of reputable online lenders to apply and get small-dollar payday loans quickly, easily, and securely, helping cope with life emergencies like paying medical bills, home, or car repairs, and so on.

Customer Note: A payday loan is traditionally used to help people borrow a small sum of money until the next upcoming payday. It's a short-term solution to cover unexpected expenses when people have no savings or deep pockets. Those who find themselves in a bind with their budget and want to refill it with credits should seek the advice of a professional financial assistant. A borrower also has to peruse local regulations related to a payday loan.

Availability: The service of this platform may not be accessible to people based in restricted states. Please check the local regulations to find out its availability in the area. Rules of this website are subject to change without notifications.

NOT A LENDER Disclosure: iPaydayLoans is not a lender but a broker and does not charge you any fees for our broker services. The lenders or other broker services we introduce to our customers through this website may pay us commissions if customers enter into a credit agreement with them.

Disclaimer: iPaydayLoans is not a lender, does not take applications or make loans or credit decisions. We are not an agent, representative or broker of any lender. We provide a service to connect you to a lender from our network. We do not control and are not responsible for any lender's actions or decisions.