Grace Enfield, Content Writer
@grace_enfield
The best emergency loans in New York are from LightStream. LightStream offers loans of $5,000 - $100,000, funding in 1 - 2 business days, APRs of 6.49% - 24.89% and repayment periods of 24 - 240 months.
LightStream is a national lender that operates in New York. If you’re looking for a local lender that’s based in New York, you may want to consider LendingPoint.
Best Emergency Loans in New York
| Lender | Funding Timeline | Loan Range | APR | Repayment Period |
| 1 - 2 business days | $5,000 - $100,000 | 6.49% - 24.89% | 24 - 240 months | |
| 1 business day | $1,000 - $36,500 | 7.99% - 35.99% | 24 - 72 months | |
| Same day | $3,000 - $100,000 | 6.74% - 25.99% | 12 - 84 months | |
| 2 business days | $1,000 - $50,000 | 7.74% - 35.99% | 24-84 months | |
| Within 2 business days | $7,000 - $50,000 | 11.79% - 20.84% | 36-72 months |
To qualify for an emergency loan from a bank, credit union or online lender, you’ll need to be at least 18 years old, have a valid bank account and have enough income to make monthly payments. Just remember that simply meeting the requirements for an emergency loan does not guarantee approval.
It’s also worth pointing out that the New York state government offers other emergency loan programs. Below are a few examples of the available programs.
Emergency Loans from New York Government
- NYC Small Business Continuity Loan Program
- Emergency Loan Program
- New York Temporary Assistance
- Single Family Housing Repair Loans & Grants in New York
Finally, payday loans may be advertised as emergency loans by companies in New York. These loans are not worth it because they’re incredibly expensive and they require repayment very quickly.
To see more of WalletHub’s top-ranked offers, check out our editors’ picks for the best emergency loans nationally.
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The best emergency medical loan company is LightStream because they offer the chance for approval and funding the same day the borrower applies. This won’t necessarily happen in all cases, but most loans get funded within 2 business days. For people who are in an emergency and need a fast loan of $5,000 to $100,000, this is the best bet. Of course, applicants also need to qualify for the loan, which reportedly takes a credit...
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