Best Emergency Loans of May 2025
Emergency loans help cover unexpected expenses. Compare options from online lenders, and learn how to choose a safe and affordable loan.
Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
Emergency loans are personal loans you use to pay for unexpected expenses, such as urgent medical care or critical home repairs. These loans are usually funded within a day or two of approval.
Personal loans for emergencies are safer than payday and car title loans. The lenders listed here review your ability to repay the loan and cap annual percentage rates at 36% or lower, which makes them more affordable and less risky than high-interest loans.
Why trust NerdWallet
- 35+ personal loans reviewed and rated by our team of experts.
- 20+ years of combined experience covering personal loans and financial topics.
- Objective, comprehensive star rating system assessing 20+ categories and 70+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
Why trust NerdWallet
- 35+ personal loans reviewed and rated by our team of experts.
- 20+ years of combined experience covering personal loans and financial topics.
- Objective, comprehensive star rating system assessing 20+ categories and 70+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
- Best Emergency Loans of May 2025
- NerdWallet’s guide to emergency loans
- What is an emergency loan?
- How do emergency loans work?
- How to choose an emergency loan
- Compare emergency loans
- How to get an emergency loan
- How to get an emergency loan with bad credit
- Where to get an emergency loan
- Best uses for emergency loans
- Other types of emergency loans
- Emergency loan alternatives
- Steps to build an emergency fund
- Methodology
- Recap
- FAQ
- About the author
LightStream: Best for Excellent-credit emergency loans
Est. APR
6.49-25.29%
Loan amount
$5K-$100K
Min. credit score
660
Qualifications:
Key Facts:LightStream is a solid option for good-credit borrowers, with no fees and a promise to beat competitors’ rates.Qualifications:- Minimum credit score: 660, but can vary depending on the loan purpose and amount.
- Maximum debt-to-income ratio: 50%.
- Minimum credit history: 3 years.
- Income sources accepted: Employment, retirement, rental income, alimony, child support, Social Security payments and disability benefits.
- Must be a U.S. citizen or permanent resident who is at least 18 years old and has a U.S. bank account.
Available Term Lengths:2 to 7 yearsFees:- Origination fee: None.
- Late fee: None.
OneMain Financial: Best for Secured emergency loans
Est. APR
18.00-35.99%
Loan amount
$1.5K-$20K
Min. credit score
None
Qualifications:
Key Facts:OneMain prioritizes a borrower’s ability to repay on a loan application. Rates are high, but this lender provides fast funding to borrowers with low credit scores.Qualifications:- Must have a taxpayer identification number.
- Must be 18 or older in most states.
- Minimum credit score: None.
- Minimum credit history: None; this lender prefers some minimal credit history.
- Minimum number of accounts on credit report: 1 active account.
- Minimum income: None, but borrowers must have sufficient disposable income to make the monthly loan payment. This lender accepts income from employment, alimony, retirement, child support and Social Security payments.
Available Term Lengths:2 to 5 yearsFees:- Origination: $25 to $500 or 1% to 10%.
- Late fee: $5 to $30 or 1.5% to 15% of the payment amount, depending on your state.
- Nonsufficient funds fee: $10 to $50.
Universal Credit: Best for Bad-credit emergency loans
Qualifications:
Key Facts:A Universal Credit loan is a sound option for bad-credit borrowers looking to build credit, but rates are high compared to similar lenders.Qualifications:- Minimum credit score: 580.
- Minimum number of accounts on credit history: 1 account.
- Maximum debt-to-income ratio: 75%, including mortgage and the loan you’re applying for.
- Minimum length of credit history: 2 years.
- Minimum income requirement: None. Lender accepts income from alimony, retirement, child support, Social Security and other sources.
Available Term Lengths:3 to 5 yearsFees:- Origination fee: 5.25% to 9.99%.
- Late fee: Up to $10.
- Non-sufficient funds fee: $10.
Upstart: Best for Emergency loans for thin credit
Qualifications:
Key Facts:Upstart personal loans offer fast funding and may be an option for borrowers with low credit scores or thin credit histories. Upstart is a solid financing choice for large purchases.Qualifications:- Must be a U.S. citizen or permanent resident living in the U.S.
- Must be at least 18 years old in most states.
- Must have a valid email address and Social Security number.
- Must have a full- or part-time job, a full-time job offer starting within six months or another source of regular income.
- Must have a personal bank account at a U.S. financial institution with a routing number.
- No bankruptcies in the last 12 months.
- No current delinquent accounts on your credit reports.
- Fewer than six hard inquiries on your credit report in the last six months, excluding student, auto and mortgage loans.
- Minimum credit score: None.
- Minimum annual income: $12,000.
Available Term Lengths:3 to 7 yearsFees:- Origination: 0% to 12%.
- Late fee: 5% of the unpaid amount or $15, whichever is greater.
- Insufficient funds fee: $15.
LendingPoint: Best for Flexible payments
Qualifications:
Key Facts:LendingPoint personal loans are a solid borrowing option for fair- and bad-credit borrowers. They are funded quickly and have some flexible features.Qualifications:- Minimum credit score: 640. LendingPoint uses FICO version 9 and VantageScore version 3.0.
- Minimum credit history: 2 years.
- Maximum debt-to-income ratio: 45%, not including mortgage payments.
- Minimum annual income: $35,000. This lender accepts income from employment, alimony, retirement, child support, Social Security and disability benefits, but not a partner’s income.
- Must be at least 18 years old in most states.
- Must have a Social Security number, a government-issued photo ID and a personal bank account.
Available Term Lengths:2 to 6 yearsFees:- Origination fee: Up to 10%.
- Late fee: 5% of the payment amount or $30.
Best Egg: Best for Fair-credit emergency loan
Qualifications:
Key Facts:Best Egg offers personal loans for borrowers who want to consolidate debt and need cash fast.Qualifications:- Minimum credit score: 600.
- Maximum debt-to-income ratio: 70% including a mortgage.
- Minimum credit history: 3 years and 1 account.
- Acceptable income sources: Employment, household income, alimony, retirement, child support, Social Security payments and disability benefits.
- Must be a U.S. citizen or permanent resident and at least 18 years of age.
Available Term Lengths:3 to 5 yearsFees:- Origination fee: 0.99% - 9.99%.
Oportun: Best for Small emergency loans
Est. APR
32.93-35.95%
Loan amount
$300-$10K
Min. credit score
None
Qualifications:
Key Facts:Oportun loans may be a fit for borrowers with no credit history looking to cover a small expense or emergency.Qualifications:- Minimum credit score: None.
- Minimum monthly net income: $500. Acceptable sources of income include employment, alimony, retirement, child support or Social Security payments.
- Must be at least 18 years old.
- Must have a government-issued ID, a proof of address and a Social Security number or Individual Taxpayer Identification Number.
Available Term Lengths:1 to 5 yearsFees:- Origination fee: Up to 10%.
- Late fee: $10 to $15 or up to 5% of the payment amount.
- Nonsufficient funds fee: Up to $15.
Rocket Loans: Best for Fast emergency loans
Qualifications:
Key Facts:Rocket Loans offers fast funding for online personal loans to borrowers with fair and good credit, but it lacks some key features.Qualifications:- Minimum credit score: 640.
- Minimum annual gross income: $24,000.
- Maximum debt-to-income ratio: 40% or 70% including a mortgage.
- Minimum credit history: 2 years.
- Must be at least 18 years old.
- Must be a U.S. resident living in one of the states where the lender does business.
Available Term Lengths:3 to 5 yearsFees:- Origination fee: Up to 9%.
- Late fee: $15.
- Non-sufficient funds fee: $15.
PenFed Credit Union Personal Loan: Best for Test
Qualifications:
Key Facts:PenFed offers personal loans up to $50,000 to use for almost any purpose.Qualifications:- Must be a PenFed Credit Union member or consent to becoming a member.
Available Term Lengths:1 to 5 yearsFees:- Late fee: $29
- Non-sufficient funds fee: $30.
- Stop payment fee for checks: $15.
LightStream: Best for Excellent-credit emergency loans
Est. APR
Loan amount
Min. credit score
Qualifications:
Key Facts:LightStream is a solid option for good-credit borrowers, with no fees and a promise to beat competitors’ rates.Qualifications:- Minimum credit score: 660, but can vary depending on the loan purpose and amount.
- Maximum debt-to-income ratio: 50%.
- Minimum credit history: 3 years.
- Income sources accepted: Employment, retirement, rental income, alimony, child support, Social Security payments and disability benefits.
- Must be a U.S. citizen or permanent resident who is at least 18 years old and has a U.S. bank account.
Available Term Lengths:2 to 7 yearsFees:- Origination fee: None.
- Late fee: None.
OneMain Financial: Best for Secured emergency loans
Est. APR
Loan amount
Min. credit score
Qualifications:
Key Facts:OneMain prioritizes a borrower’s ability to repay on a loan application. Rates are high, but this lender provides fast funding to borrowers with low credit scores.Qualifications:- Must have a taxpayer identification number.
- Must be 18 or older in most states.
- Minimum credit score: None.
- Minimum credit history: None; this lender prefers some minimal credit history.
- Minimum number of accounts on credit report: 1 active account.
- Minimum income: None, but borrowers must have sufficient disposable income to make the monthly loan payment. This lender accepts income from employment, alimony, retirement, child support and Social Security payments.
Available Term Lengths:2 to 5 yearsFees:- Origination: $25 to $500 or 1% to 10%.
- Late fee: $5 to $30 or 1.5% to 15% of the payment amount, depending on your state.
- Nonsufficient funds fee: $10 to $50.
Universal Credit: Best for Bad-credit emergency loans
Qualifications:
Key Facts:A Universal Credit loan is a sound option for bad-credit borrowers looking to build credit, but rates are high compared to similar lenders.Qualifications:- Minimum credit score: 580.
- Minimum number of accounts on credit history: 1 account.
- Maximum debt-to-income ratio: 75%, including mortgage and the loan you’re applying for.
- Minimum length of credit history: 2 years.
- Minimum income requirement: None. Lender accepts income from alimony, retirement, child support, Social Security and other sources.
Available Term Lengths:3 to 5 yearsFees:- Origination fee: 5.25% to 9.99%.
- Late fee: Up to $10.
- Non-sufficient funds fee: $10.
Upstart: Best for Emergency loans for thin credit
Qualifications:
Key Facts:Upstart personal loans offer fast funding and may be an option for borrowers with low credit scores or thin credit histories. Upstart is a solid financing choice for large purchases.Qualifications:- Must be a U.S. citizen or permanent resident living in the U.S.
- Must be at least 18 years old in most states.
- Must have a valid email address and Social Security number.
- Must have a full- or part-time job, a full-time job offer starting within six months or another source of regular income.
- Must have a personal bank account at a U.S. financial institution with a routing number.
- No bankruptcies in the last 12 months.
- No current delinquent accounts on your credit reports.
- Fewer than six hard inquiries on your credit report in the last six months, excluding student, auto and mortgage loans.
- Minimum credit score: None.
- Minimum annual income: $12,000.
Available Term Lengths:3 to 7 yearsFees:- Origination: 0% to 12%.
- Late fee: 5% of the unpaid amount or $15, whichever is greater.
- Insufficient funds fee: $15.
LendingPoint: Best for Flexible payments
Qualifications:
Key Facts:LendingPoint personal loans are a solid borrowing option for fair- and bad-credit borrowers. They are funded quickly and have some flexible features.Qualifications:- Minimum credit score: 640. LendingPoint uses FICO version 9 and VantageScore version 3.0.
- Minimum credit history: 2 years.
- Maximum debt-to-income ratio: 45%, not including mortgage payments.
- Minimum annual income: $35,000. This lender accepts income from employment, alimony, retirement, child support, Social Security and disability benefits, but not a partner’s income.
- Must be at least 18 years old in most states.
- Must have a Social Security number, a government-issued photo ID and a personal bank account.
Available Term Lengths:2 to 6 yearsFees:- Origination fee: Up to 10%.
- Late fee: 5% of the payment amount or $30.
Best Egg: Best for Fair-credit emergency loan
Qualifications:
Key Facts:Best Egg offers personal loans for borrowers who want to consolidate debt and need cash fast.Qualifications:- Minimum credit score: 600.
- Maximum debt-to-income ratio: 70% including a mortgage.
- Minimum credit history: 3 years and 1 account.
- Acceptable income sources: Employment, household income, alimony, retirement, child support, Social Security payments and disability benefits.
- Must be a U.S. citizen or permanent resident and at least 18 years of age.
Available Term Lengths:3 to 5 yearsFees:- Origination fee: 0.99% - 9.99%.
Oportun: Best for Small emergency loans
Est. APR
Loan amount
Min. credit score
Qualifications:
Key Facts:Oportun loans may be a fit for borrowers with no credit history looking to cover a small expense or emergency.Qualifications:- Minimum credit score: None.
- Minimum monthly net income: $500. Acceptable sources of income include employment, alimony, retirement, child support or Social Security payments.
- Must be at least 18 years old.
- Must have a government-issued ID, a proof of address and a Social Security number or Individual Taxpayer Identification Number.
Available Term Lengths:1 to 5 yearsFees:- Origination fee: Up to 10%.
- Late fee: $10 to $15 or up to 5% of the payment amount.
- Nonsufficient funds fee: Up to $15.
Rocket Loans: Best for Fast emergency loans
Qualifications:
Key Facts:Rocket Loans offers fast funding for online personal loans to borrowers with fair and good credit, but it lacks some key features.Qualifications:- Minimum credit score: 640.
- Minimum annual gross income: $24,000.
- Maximum debt-to-income ratio: 40% or 70% including a mortgage.
- Minimum credit history: 2 years.
- Must be at least 18 years old.
- Must be a U.S. resident living in one of the states where the lender does business.
Available Term Lengths:3 to 5 yearsFees:- Origination fee: Up to 9%.
- Late fee: $15.
- Non-sufficient funds fee: $15.
PenFed Credit Union Personal Loan: Best for Test
Qualifications:
Key Facts:PenFed offers personal loans up to $50,000 to use for almost any purpose.Qualifications:- Must be a PenFed Credit Union member or consent to becoming a member.
Available Term Lengths:1 to 5 yearsFees:- Late fee: $29
- Non-sufficient funds fee: $30.
- Stop payment fee for checks: $15.
NerdWallet’s guide to emergency loans
An emergency loan can help you pay for an unexpected home or car repair, last-minute travel or an urgent medical procedure. When you need cash fast, a personal loan is a safer choice for your finances than payday and high-interest installment loans, but you may have cheaper alternatives.
Here’s our guide to getting an emergency loan, as well as other fast-cash options to consider.
Why trust NerdWallet? NerdWallet has rated and reviewed personal loans from more than 35 financial institutions. We collect over 45 data points from each lender, interview company representatives, go through lenders’ pre-qualification processes, and compare lenders with each other as well as other financial products. We do not receive compensation for our ratings. Read more about our personal loan star ratings methodology and our editorial guidelines.
Table of contents
What is an emergency loan?
An emergency loan is a personal loan you get to cover an urgent expense. Emergency loans are often unsecured, meaning the lender uses your financial information, including credit, income and other debts, to determine whether to offer you a loan and at what interest rate.
Emergency loans have annual percentage rates from about 6% to 36% and amounts from $1,000 to $100,000. Lenders typically have minimum credit score and maximum debt-to-income ratio requirements for this type of loan. Some offer secured, co-signed or joint loans, which may be easier to qualify for.
Even in an emergency, taking time to compare personal loans and potentially cheaper options can save you money and help you avoid harmful lenders that damage your credit and finances.
» COMPARE: See your bad-credit loan options
How do emergency loans work?
A personal emergency loan is a type of installment loan, meaning you receive the money in a lump sum and repay it in monthly installments. The best emergency lenders can approve your application and fund a loan within a day or two.
Repayment terms are from two to seven years. These loans have fixed interest rates, so you’ll have the same monthly payment for the life of the loan.
Most reputable lenders report loan payments to the three major credit bureaus, so your payments factor into your credit score. On-time payments help your score, while missed payments can hurt it.
How to choose an emergency loan
Calculate the monthly payment
Weigh how the loan’s monthly payments will impact your budget to determine if you can comfortably pay it on time. Use a personal loan calculator to see how the rate and repayment term affect the monthly payment.
Compare interest costs
The loan with the lowest APR is the least expensive overall. You can use APR to compare emergency loans with other financing options. A loan with a long repayment term and low monthly payment may seem appealing, but it costs more in total interest. Look for a loan that balances affordable monthly payments with reasonable interest costs.
Check for fees
The most common fee to look for with a personal loan is an origination fee. This can be 1% to 10% of the loan amount, and it may be subtracted from the loan before you get the funds.
Ask about funding speed
If you need cash fast, consider a lender that offers fast funding. Some lenders can fund a loan the next day, while others could take up to a week after approval. Online lenders often disclose the timeline in an FAQ or blog section of their websites.
Compare emergency loans
How we chose the best emergency loans
We compared more than a dozen lenders to choose the best personal loans for emergencies. Among the factors we considered are:
Minimum credit score requirement.
Approval and funding time.
The ability to add a co-applicant or collateral.
Star rating.
Annual percentage rates.
Loan amounts.
Origination fees.
How to get an emergency loan
Check your credit. Most lenders prioritize applicants’ credit scores in a lending decision, so check your credit report for any past-due accounts or errors, and correct them before submitting an application. You can view your report from all three credit bureaus at AnnualCreditReport.com.
Determine what you can afford. Review your monthly budget to determine how much you can afford to pay toward the loan each month. That way, when you’re comparing loan offers, you can choose a payment that fits your budget.
Pre-qualify and compare offers. Even if you’re in a hurry, it’s worth the extra time to find a good rate on a loan you’ll be repaying for a year or more. Most lenders let you pre-qualify online to preview the loan’s rate, amount and repayment term. Pre-qualifying takes a few minutes and your credit score is never affected, no matter how many times you do it.
Gather documents and apply. Once you have a loan offer with affordable monthly payments, find the documents you need to apply for a personal loan. This usually includes W-2s, pay stubs, a government-issued ID and proof of address. You could get an instant approval decision, but it more commonly takes a day or two.
» MORE: How to get an emergency loan
How to get an emergency loan with bad credit
A bad credit score (below 630) doesn’t automatically disqualify you from getting a loan, but many lenders weigh your credit score heavily on an application.
Here are a few tips to get an emergency loan with bad credit:
Add a co-signer or co-borrower: A co-signer or co-borrower can help your chances of qualifying or getting a good rate. A co-borrower has equal access to the funds, while a co-signer does not. If you can’t make loan payments, the co-applicant is responsible for payments.
Add collateral: Some lenders offer secured personal loans and consider the item used as collateral (usually a bank account or vehicle) when assessing an application. Adding collateral can improve your chances of qualifying, but the lender can take the collateral if you miss too many payments.
Add up income streams: Your monthly income is another important factor on an application. Most lenders want to see that you have enough to cover regular expenses, make the new loan payment and have a little leftover. Many lenders consider things like Social Security, alimony or child support as part of your income.
Where to get an emergency loan
Online lenders
Online lenders usually allow you to check your rate before applying and offer a fast application process. But predatory lenders will try to exploit your emergency. Find a reputable lender that caps rates at 36% — the highest APR affordable loans can have, according to most consumer advocates — and review your credit and income to ensure you can repay the loan.
Banks
Many banks prefer borrowers with good or excellent credit (690 or higher), but there are some exceptions. Some large banks, like Wells Fargo, U.S. Bank, Bank of America and Truist, offer small loans that can cover emergencies. You must be an existing customer to get this type of loan, but the fees are much lower than what payday lenders charge.
Credit unions
Credit union members may have the most affordable emergency loan option. Federal credit unions cap personal loan APRs at 18% — lower than many online lenders. A credit union may consider an applicant’s membership history, in addition to their credit and income, to make a loan decision. Some credit unions offer payday alternative loans, which are small-dollar loans with low rates that are repaid over six months to a year.
Best uses for emergency loans
Though lenders may ask why you’re borrowing, there are few restrictions on how you can spend the funds from an unsecured loan. Examples of emergencies you can pay for with a personal loan include:
Medical or dental bills.
Home repairs.
Car repairs.
Bills after a loss of income.
Unexpected travel expenses.
Other types of emergency loans
High-interest loans, such as pawn, car title and payday loans, should be considered as a last resort after you’ve exhausted all other options. These emergency loans can be fast and easy to get, but they could do long-term financial damage.
No-credit-check installment loans: Some no-credit-check installment loans share similarities with payday and auto title loans. They’re available online and at storefronts. These lenders don’t review your credit score or history to determine whether you’re able to repay the loan and what a fair rate would be, which is why many no-credit-check lenders charge rates above 100%.
Repayment terms on these loans may be longer than you need or a lender may encourage you to refinance the loan multiple times, resulting in exorbitant interest costs over the lifetime of the loan.
Pawn loans: Pawn loans require you to hand over a valuable item to a pawnshop. The shop assesses the value and gives you a loan for that amount. You have to repay the loan, with interest, or the pawnshop will keep your item. APRs can reach above 100% on this type of loan.
If you repay the loan, but it takes too big a bite out of your bank account, you could end up borrowing from the pawnshop again.
Car title loans: With car title loans, a lender assesses the value of your vehicle and lends you a percentage of that amount. If you accept, the lender holds the car title and you receive your loan. The lender doesn’t usually review your ability to repay the loan and can charge APRs of 300%.
If you can’t repay the loan, the lender will take your car.
Payday loans: Payday loans are high-cost, short-term loans that are risky — even in an emergency. Payday lenders charge fees that can equate to APRs of 400%, they don’t check your credit score and may not confirm your ability to repay the loan.
Borrowers who aren’t prepared to repay the loan on their next payday often borrow again, causing them to slip into a cycle of debt.
Emergency loan alternatives
Cheaper alternatives to borrowing aren't always fast or convenient, and sometimes they require asking for help. But NerdWallet strongly recommends exhausting alternatives first, even in an emergency.
Here are some possible alternatives to an emergency loan:
Get help from local nonprofits, charities and religious organizations.
Explore ways to pay off medical bills, like a payment plan or income-driven hardship plan.
Ask your employer for an emergency loan or paycheck advance — or consider using a loan app, like EarnIn or Dave.
Use a “buy now, pay later” app to split a purchase into smaller, often biweekly payments.
If you're comfortable with it, ask family and friends for a loan through lending circles or a family loan.
Steps to build an emergency fund
Though it won’t get you through today's emergency, starting an emergency fund can help you avoid borrowing in the future. Here are a few steps to build an emergency fund.
Decide how much you need. Most financial experts recommend saving three to six months’ worth of living expenses. Use an emergency fund calculator to determine how much you’d need to live comfortably without working for a few months.Start small. Three to six months’ worth of expenses can seem ambitious if you’re starting from zero. It may be easier to begin with a goal of $500, which can cover smaller emergencies, and work your way up. A smaller monthly savings goal can help you get there.Automate your savings. Once you know how much to save from each paycheck, cut out the potential human error. Many banks allow you to set up recurring transfers from your checking to a savings account. If your employer offers direct deposit, have them deposit part of your paycheck into a second account.
Last updated on October 29, 2024
Frequently asked questions
You can use an emergency loan to pay for unexpected expenses if you don't have savings or don't want to max out a credit card. In a true emergency, they're a fast and convenient source of funding for borrowers who qualify.
It may be possible for borrowers with low income to qualify for a loan since some lenders care more that you have steady income versus a specific amount. Learn what it takes to get a loan with low income.
You can get an emergency loan through a bank, online lender or credit union. Online lenders can fund loans quickly — sometimes the same or next day after you're approved — and many let you check your rate before you apply. It usually takes a few minutes to apply for a loan if you have all the required documents ready. It's best to compare emergency loans with alternatives to find the cheapest way to borrow money.
- 35+ personal loans reviewed and rated by our team of experts.
- 20+ years of combined experience covering personal loans and financial topics.
- Objective, comprehensive star rating system assessing 20+ categories and 70+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
Methodology
NerdWallet’s review process evaluates and rates personal loan products from more than 35 technology companies and financial institutions. We collect over 50 data points from each lender and cross-check company websites, earnings reports and other public documents to confirm product details. We may also go through a lender’s pre-qualification flow and follow up with company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.
Our star ratings award points to lenders that offer consumer-friendly features, including: soft credit checks to pre-qualify, competitive interest rates and no fees, transparency of rates and terms, flexible payment options, fast funding times, accessible customer service, reporting of payments to credit bureaus and financial education. Our ratings award fewer points to lenders with practices that may make a loan difficult to repay on time, such as charging high annual percentage rates (above 36%), underwriting that does not adequately assess consumers’ ability to repay and lack of credit-building help. We also consider regulatory actions filed by agencies like the Consumer Financial Protection Bureau. We weigh these factors based on our assessment of which are the most important to consumers and how meaningfully they impact consumers’ experiences.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodologies for personal loans and our editorial guidelines.
NerdWallet's Best Emergency Loans of May 2025
- OneMain Financial: Best for Secured emergency loans
- Universal Credit: Best for Bad-credit emergency loans
- Upstart: Best for Emergency loans for thin credit
- LendingPoint: Best for Flexible payments
- Best Egg: Best for Fair-credit emergency loan
- LightStream: Best for Excellent-credit emergency loans
- Oportun: Best for Small emergency loans
- Rocket Loans: Best for Fast emergency loans
- PenFed Credit Union Personal Loan: Best for Test
