Does Universal Credit have emergency loans? This question is about Universal Credit

Yes, Universal Credit does have emergency loans, offering up to $50,000 as soon as as soon as 1 business day after you apply. To get an emergency loan from Universal Credit, you must be at least 18 years old, have a bank account, have enough income to make the monthly payments, and meet the credit score requirement. Key Things to Know About Universal Credit Emergency Loans Funding timeline: as soon as 1 business day Dollar amounts: $1,000 - $50,000 APR range: 11.69% - 35.99% Repayment periods: 36 or 60 months Credit score required: 580 Universal Credit allows you to pre-qualify for an emergency loan before you officially apply. To see which lenders may approve you and what rates may be available to you, check out the free pre-qualification tool on WalletHub.

Ad Disclosure Ad Disclosure

Does Universal Credit have emergency loans?

Report Abuse

This question is about Universal Credit

see this user

Grace Enfield, Content Writer

@grace_enfield • 02/11/22 This answer was first published on 02/11/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

Permalink Report Abuse

Yes, Universal Credit does have emergency loans, offering up to $50,000 as soon as as soon as 1 business day after you apply. To get an emergency loan from Universal Credit, you must be at least 18 years old, have a bank account, have enough income to make the monthly payments, and meet the credit score requirement.

Key Things to Know About Universal Credit Emergency Loans

Funding timeline: as soon as 1 business day
Dollar amounts: $1,000 - $50,000
APR range: 11.69% - 35.99%
Repayment periods: 36 or 60 months
Credit score required: 580

Universal Credit allows you to pre-qualify for an emergency loan before you officially apply. To see which lenders may approve you and what rates may be available to you, check out the free pre-qualification tool on WalletHub.

How can I borrow money fast?

The best ways to borrow money fast are personal loans, charging your expenses to a credit card, Home Equity Line of Credit, Cash Advance, Loan From a Friend or Family Member, or Retirement Account. It’s also possible, though far from ideal, to borrow money from a Loan App, Pawn Shop Loan or, a Payday Loan.

Fastest Ways to Borrow Money

Personal Loan From an Online Lender
Credit Card Purchase
Home Equity...

read full answer

Where can I borrow money fast?

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.

Where You Can Borrow Money Fast

LightStream: Same day - 2 business days
LendingPoint: 1 - 2 business days
Upgrade: 2 - 3...

read full answer

Where can I get a quick personal loan - same day if possible?

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.

Examples of quick personal loans:

read full answer

Did we answer your question?

WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.

WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.

Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.

WalletHub Transparency

We are committed to being fully transparent with our readers. Opinions expressed here are the author’s and/or WalletHub editors'. WalletHub editorial content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any company. In addition, it is not any company’s responsibility to ensure all questions are answered.