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Emergency Loans

Emergency short term loans

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Do you have an emergency and need cash in a hurry? A short term loan is an option available to you.

Medical bills, car repairs and cash shortfalls are all common pains. Financial emergencies can happen to anyone, and if you find yourself in a situation where you need cash to see you through, there are loan options that you can consider. Same-day short term loans are available in nearly every state, and better yet you can apply online. Read the guide below and find out what’s involved with emergency short term loans, also called payday loans, and if one is the right option for you.

OppLoans Installment Loans

OppLoans Installment Loans
  • Easy online application
  • Quick approval
  • Fast funding
  • Long repayment terms

OppLoans Installment Loans

Installment loans with competitive rates from a top-rated direct lender.

  • Minimum loan amount: $500
  • Maximum loan amount: $5,000
  • Turnaround time: 1 business day
  • Loan term: 9 to 36 months
  • Must have direct deposit and meet minimum income requirements
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“I have an emergency. How can I get a short term loan?”

Depending on what you need, you can apply for a short term loan online or in-store. If you apply online, there’s often no need to fax any documents and you can receive your loan amount within a few hours straight into your bank account. If you plan to apply in-store, be sure to choose a lender that has a store network that’s convenient to where you live.

With a short term lender that offers online loans, you have to provide details of a bank account that you’ve authorized to accept direct deposits. When you’re approved, the lender will transfer the funds directly into your bank account.

A selection of emergency loans you can apply for online

Rates last updated January 23rd, 2019
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Max. Loan Amount Turnaround Time Requirements
CashNetUSA Loan
Apply for a short-term loan with an easy online application and dedicated customer service.
Varies by state
1 business day
You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
Jora Installment Loans
Installment loans with repayment terms up to 30 months, depending on your state.
$2,600
1–2 days
Must have an active checking account, regular source of income and email address.
OppLoans Installment Loans
Installment loans with competitive rates from a top-rated direct lender.
$5,000
1 business day
Must have direct deposit and meet minimum income requirements
CashUSA Installment Loans
A connection service for quick cash loans up to $10,000.
$10,000
As early as 1 business day
Must have a monthly income of $1,000+ after taxes and valid checking account.
LendYou Short-term Loans
Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.
$15,000
1 business day
You must be a US citizen or permanent resident, age 18+ and have a regular income.
ACE Cash Express Short-term Loans
Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.
Varies by state
Generally receive the money the next business day
Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.
LendUp Payday Loans
LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see more details for your state.
$250
generally receive the money the next business day
Be 18+ years of age and have a checking account that can accept electronic transfers.

Compare up to 4 providers

Check the websites of any providers you’re interested in to confirm they operate in your state of residence.

What are the features of emergency loans?

Short term loans can give you quick access to the money you need in an emergency situation, but it’s still sensible to compare your options before you apply. Here are some features to look for:

  • Turnaround time. If you need money to deal with an emergency, the quicker you receive your approved funds the better. Some lenders can offer same-day funding, even on weekends, while others might require that you wait two to three business days.
  • Maximum loan amount. State regulations govern the maximum amount you can borrow through a payday loan, but this does not mean that all payday lenders will offer you loans of that amount. Some payday lenders require that you work up a tiered system before you qualify for the maximum amount.
  • Fees. State regulations also govern how much a lender can charge as an Annual Percentage Rate (APR), and this translates into how much you end up paying in fees. Interest rates vary between lenders operating in the same state, as can fees and charges.
  • Store network of loan provider. Even if you apply online you may have the option of picking up your approved funds in-store. This is where the store network makes a difference because not all short term lenders have a physical presence. The number of outlets is also likely to vary.

Find out the payday regulations in your state

Benefits and drawbacks

  • Quick access to funds.
    Short term loan providers don’t follow the same loan approval process as mainstream banks, and this lets them process loan applications faster. If you apply in-store you can get access to approved funds within an hour, and if you apply online you can access approved funds on the same day or by the next business day.
  • Use money for any purpose.
    Lenders don’t place restrictions on how you use your approved funds, as long as you use the money for legitimate purposes.
  • Multiple choices.
    You have a large amount of lenders to choose from when it comes to emergency loans. If you don’t want to carry out a search and comparison on your own, you can consider a loan matching service.
  • No need for collateral.
    Short term loans are unsecured, so you don’t have to worry about providing any kind of collateral.
  • High interest.
    Short term loans charge high interest when compared to other types of credit, so this needs to be taken into account before you apply.
  • Short term.
    Short term loans work only as short term solutions, given that in most instances you have to repay the entire loan amount along with all applicable fees by your next payday.

Compare loans to get you through the holiday season

Is there anything to consider before applying?

Make sure you won’t have problems repaying the loan even before you apply, and if you think you may face trouble, seriously reconsider taking the loan in the first place. Making late repayments can see you paying additional fees and it can also adversely affect your credit rating.

Take some time to go through the loan’s terms and conditions carefully, as this should give you a clear indication of what you may have to pay in fees and charges.

There is no telling when you might need money urgently, but if you’re considering applying for a short term loan, make sure you compare your options well.

How do installment loans work?

Have more questions about emergency loans?

Are payday loans available in my state?

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US Payday Loans Offers

Important Information*
CashNetUSA Loan

Apply for a short-term loan with an easy online application and dedicated customer service.

Check into Cash Payday Loan

With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

OppLoans Installment Loans

Installment loans with competitive rates from a top-rated direct lender.

LendYou Short-term Loans

Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.

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