Best emergency loans of May 2022

best egg

on the secure site of NerdWallet

Ideal for quick financing and good or fair credit

5.99–35.99%

*Trustpilot TrustScore as of June 2020. Best Egg Personal Loans, including the Best Egg Secured Loan, are made by Cross River Bank, a licensed commercial bank in the State of New Jersey, Member FDIC, Equal Housing Lender, or Blue Ridge Bank , a national chartered bank. , FDIC Member, Equal Housing Lender. “Best Egg” is a trademark of Marlette Holdings, Inc., a Delaware corporation. All uses of “Best Egg” refer to “Best Egg Personal Loan”, “Best Egg Secured Loan” and/or “Best Egg on behalf of Cross River Bank or Blue Ridge Bank, as originator of the loan. Best Egg staff. “, depending on the case. The term, amount and APR of any loan we offer to you will depend on your credit score, income, payment obligations, loan amount, credit history and other factors. Your loan agreement will contain specific terms and conditions. About half of our customers receive their money the next day. After successful verification, your money can be deposited into your bank account within 1-3 business days. The timing of funds available upon loan approval may vary depending on your bank’s policies. Loan amounts range from $2,000 to $50,000. Massachusetts residents have a minimum loan amount of $6,500; New Mexico and Ohio, $5,000; and Georgia, $3,000. For a second Best Egg loan, the total balance of your existing Best Egg loan cannot exceed $50,000. Annual Percentage Rates (APR) range from 5.99% to 35.99%. APR is the cost of credit as an annual rate and reflects both your interest rate and an origination fee of 0.99% to 5.99% of your loan amount, which will be deducted from any proceeds of the loan you receive. The origination fee on a loan with a term of 4 years or more will be at least 4.99%. The term of your loan will impact your APR, which may be higher than our lowest advertised rate. You need a minimum FICO® score of 700 and a minimum individual annual income of $100,000 to qualify for our lowest APR. To help the government combat the financing of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identification documents.

$2,000–$50,000

600

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Before

Before

Ideal for low credit scores

9.95–35.95%

A loan of $5,700 with an administration fee of 4.75% and a financed amount of $5,429.25, repayable in 36 monthly payments, would have an APR of 29.95% and monthly payments of $230.33. Minimum loan amounts may vary by state. If approved, the actual rate and loan amount a customer is eligible for may vary based on credit determination and other factors. An administration fee of up to 4.75% will be deducted from the loan proceeds. Avant branded credit products are issued by Webbank, Member FDIC

$2,000–$35,000

550

LendingPoint

LendingPoint

on the secure site of NerdWallet

Ideal for flexible payments

5.99–35.49%

Applications submitted on this website may be funded by one of many lenders, including: FinWise Bank, a Utah chartered bank member of the FDIC; Coastal Community Bank, Member FDIC; and LendingPoint, an approved lender in some states. Loan approval is not guaranteed. Loan offers and actual loan amounts, terms and Annual Percentage Rates (“APR”) may vary based on LendingPoint’s proprietary scoring and underwriting system’s review of your credit, financial, other factors and supporting documents or information you provide. Origination fees or other fees of 0% to 6% may apply depending on your state of residence. Upon final approval of underwriting to fund a loan, said funds are often sent via ACH on the next non-holiday business day. Loans are offered from $2,000 to $36,500, at rates ranging from 5.99% to 35.49% APR, with terms of 24 to 60 months. Georgia loans have a minimum loan amount of $3,500. For a well-qualified client, a $10,000 loan over a 48-month term with an APR of 23.72% and origination fee of 6% will result in a payment of $324.48 per month. (Actual terms and rate depend on credit history, income, and other factors.) Clients may have the option of deducting origination fees from the disbursed loan amount if they wish. The total amount due is the total amount of the loan you will have paid after making all payments as scheduled.

$2,000–$36,500

600

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Universal Credit

Universal Credit

on the Universal Credit website

Ideal for credit building features and low credit scores

8.93–35.43%

Personal loans made through Universal Credit have APRs of 8.93% to 35.93%. All personal loans carry an origination fee of 4.25% to 8%, which is deducted from the loan proceeds. Lower rates require automatic payment and direct repayment of some existing debt. For example, if you receive a $10,000 loan with a term of 36 months and an APR of 27.65% (which includes an annual interest rate of 22.99% and a one-time origination fee of 6%) , you will receive $9,400 in your account and you will have a required monthly payment of $387.05. Over the life of the loan, your payments would total $13,933.62. Your loan APR may be higher or lower, and your loan offers may not have multiple terms available. The actual rate depends on credit score, credit usage history, loan term and other factors. Late payments or subsequent fees and commissions may increase the cost of your fixed rate loan. There are no fees or penalties for prepaying a loan.

$1,000–$50,000

560

on the Universal Credit website

Reached

Reached

on the secure site of NerdWallet

Ideal for borrowers with a limited credit history or fair credit

5.40–35.99%

Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be eligible for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000), NM ($5,100), OH ($6,000). financial information. The loan rate and amount are subject to change depending on the information received in your complete application. This offer can only be accepted by the person identified in this offer, who is old enough to legally enter into a credit extension agreement, a US citizen or permanent resident and current resident of the United States. Duplicate offers are void. Closing of your loan is dependent on your meeting our eligibility criteria, verifying your information, and agreeing to the terms and conditions on the www.upstart.com website. The full range of available rates varies by state. The average 5-year loan offered to all lenders using the Upstart platform will have an APR of 21.4% and 60 monthly payments of $24.62 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $14,775, including an origination fee of $582. The APR is calculated based on the 5-year rates offered in the last month. There is no down payment or 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. If you accept your loan before 5:00 PM EST (excluding weekends and holidays), you will receive your funds the next business day. Loans used to fund education-related expenses are subject to a 3 business day waiting period between loan acceptance and funding in accordance with federal law.

$1,000–$50,000

Nothing

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OneMain

OneMain Financial

on the secure site of NerdWallet

Ideal for secured emergency loans

6:00 p.m.–35.99%

Not all applicants will qualify for larger loan amounts or the most favorable loan terms. Loan approval and actual loan terms are dependent on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). Larger loan amounts require a first lien on a motor vehicle less than ten years old, which meets our value requirements, titled in your name with valid insurance. The maximum annual percentage rate (APR) is 35.99%, subject to state restrictions. APRs are generally higher on loans not secured by a vehicle. Depending on the state where you open your loan, the origination fee can be either a flat fee or a percentage of your loan amount. Lump sums vary by state, ranging from $25 to $300. Percentage-based fees vary by state, ranging from 1% to 10% of your loan amount, subject to certain state limits on the amount of fees. Active duty military personnel, their spouses, or dependents covered by the Military Loans Act may not pledge any vehicle as security for a loan. OneMain loan proceeds cannot be used for post-secondary education expenses as defined by CFPB Regulation Z, such as college, university, or professional expenses; for professional or commercial purposes; buy securities; or for gambling or illegal purposes. Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a current client, minimum loan amount of $3,100. Ohio: $2,000. Virginia: $2,600. Borrowers (other than current customers) in these states are subject to these maximum unsecured loan sizes: North Carolina: $7,500. New York: $20,000. An unsecured loan is a loan that does not require you to provide collateral (such as a motor vehicle) to the lender.

$1,500–$20,000

Nothing

The average score is 600 to 650

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SeedFi Borrow & Grow personal loan

SeedFi Borrow & Grow personal loan

Ideal for Build up savings through the loan

7.42–29.99%

$1,200–$7,000

520

Timely

Timely

on the secure site of NerdWallet

Ideal for borrowers with no credit score

27.74–35.95%

This is an advertisement for a consumer loan, subject to credit eligibility. Not available in CO, DC, GA, HI, IA, MA, MD, ME, NY and WV. Loans in AZ, CA, FL, ID, IL, MO, NJ, NM, TX, UT and WI are issued by Oportun Inc. California Loans issued under license from California Finance Act. NV loans issued by Oportun, LLC. In all other states, loans are issued by MetaBank, NA, Member FDIC. State terms, conditions and restrictions apply. See opportun.com for more details.

$300–$10,000

Nothing

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