Grace Enfield, Content Writer
@grace_enfield
You can get an emergency loan as fast as the same day you apply if you choose the right lender and you are well-qualified. Most lenders can get you the funds within a few business days after you get approved and will typically send you the money by electronic bank transfer.
The best emergency loans are from LightStream because you can get the funds as soon as the same day you apply. LightStream offers $5,000 - $100,000 in funding, APRs of 7.99% - 25.99% and repayment periods of 24 - 84 months. You’ll need a credit score of at least 660 to qualify.
Best Emergency Loans in 2023
| Company | Funding As Soon As | Loan Amounts | APRs |
| Same day you apply | $5,000 - $100,000 | 7.99% - 25.99% | |
| 1 business day after approval | $2,000 - $36,500 | 7.99% - 35.99% | |
| 1 business day after approval | $500 - $4,000 | 59% - 160% | |
| 2 business days after approval | $2,000 - $50,000 | 8.99% - 35.99% | |
| 2 business days after approval | $1,000 - $50,000 | 8.49% - 35.99% |
For more information, check out WalletHub’s complete picks for the best emergency loans. Then, you can estimate your potential rates with our free pre-qualification tool.
You can also use an existing credit card to finance emergency expenses. Getting a new credit card could take 7 - 10 business days after approval, however, which may be too slow for your needs.
2023 Best Emergency Loans
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How quickly can I get approved for a loan?
You can get approved for a personal loan as soon as minutes after you apply, and it usually takes at most a few business days. The exact amount of time it takes to get approved depends on both the lender and how well you meet the loan's requirements. For example, someone whose credit score and income are much higher than the lender's minimum has a better chance of quick approval than someone who just barely...
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