No, Laurel Road does not have emergency loans that you can get quickly. Laurel Road takes up to 7 business days to fund new loans, which is likely to be too long for some emergency expenses, though loan amounts of up to $45,000 are available. If you can wait a little while to get your loan, then Laurel Road may be good for you.
If you're interested in seeing what other lenders have to offer, check out WalletHub's top-ranked emergency loans. You can also use WalletHub's free pre-qualification tool to see which lenders may approve you and which rates may be available to you.
Yes, a Laurel Road personal loan does affect your credit score, both when you apply and during the entire time that you are paying the loan off. Initially, a Laurel Road personal loan will affect your credit score in a negative way, but the long-term impact can be very positive, assuming you repay the loan on schedule.
How a Laurel Road Personal Loan Affects Your Credit Score
You can borrow money fast from LightStream, which offers personal loan funding as soon as the same day you apply. Other lenders that let you borrow money fast include Best Egg, Upgrade and Achieve Personal Loans, which all provide funding within a few business days of applying.
Plenty of lenders offer quick personal loans, including Avant, LightStream by SunTrust Bank, and Marcus by Goldman Sachs. They often give application decisions within minutes and provide funding within 1-2 business days of approval. In rare cases, like with LightStream, you may be able to get your loan funded the same day you apply. But you’ll need to have everything in place by a certain time of day.
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