Grace Enfield, Content Writer
@grace_enfield
The best unemployment emergency loans are from Upgrade. If you don't have income from a job, you can apply with supplementary income, such as retirement funds, rental property proceeds, Social Security benefits, alimony and child support. You may also improve your approval chances by applying jointly with another person.
Other companies allow you to provide supplementary income on your application, as well. However, Upgrade offers some of the largest loan amounts, lowest APRs and longest repayment periods among lenders that accept people with bad credit.
Best Unemployment Emergency Loans
| Company | APRs | Loan Amounts | Funding As Soon As | Credit Score Required |
| 7.74% - 35.99% | $1,000 - $50,000 | 2 business days | 620* | |
| 6.6% - 35.99%, typically | $1,000 - $75,000 | 1 business day | None | |
| 7.99% - 35.99% | $1,000 - $36,500 | 1 business day | 620 | |
| 9.95% - 35.99% | $2,000 - $35,000 | 1 business day | 580* | |
| 160% - 195% | $500 - $5,000 | 2 business days | None | |
| 6.99% - 24.99% | $3,500 - $40,000 | 3 business days | 660 |
*According to multiple third-party sources.
Another type of unemployment emergency loan you may run into is a payday loan. You should avoid these loans because they are short-lived and very expensive. They can have fees equivalent to an APR of 400%+.
Also, keep in mind that you can apply for unemployment benefits through the government. These benefits are typically offered as weekly payments to help you pay for necessary expenses while you look for a job.
To see more options, compare the latest emergency loan offers.
Upstart disclosure: Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000).
The full range of available rates varies by state. A representative example of payment terms for an unsecured Personal Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 19.60% and a 6.90% origination fee of $690, for an APR of 23.22%. In this example, the borrower will receive $9310 and will make 60 monthly payments of $264. APR is calculated based on 5-year rates offered in March 2025. There is no downpayment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.
People also ask
Can I borrow money if I am unemployed?
It's possible to borrow money if you are unemployed if you use an alternate source of income on a loan or credit card application, get a cosigner, or borrow from a friend or family member. Borrowing money while unemployed is more difficult than borrowing when you have a job, but it is possible.
6 Ways to Borrow Money If You’re Unemployed
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read full answer by Grace Enfield, Content WriterHow do I get emergency money?
There are many ways to get emergency money, including taking out a quick personal loan, borrowing from a friend, or getting an advance on your paycheck. Many people also keep a credit card account open just for emergencies. You could use a credit card to make a purchase directly or to get a cash advance.
How to Get Emergency Money
Get a quick personal loan
The fastest you can get a personal loan is the same day you...
read full answer by Adam McCann, Financial WriterDid we answer your question?
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