Cash flow is tough to maintain, especially when emergencies crop up out of the blue! Emergency loans are the ideal solution for these scenarios and give Americans across the US the financial freedom they need when faced with unexpected expenses. Unfortunately, unless you have a healthy savings account, emergency expenses can leave you very stressed as you struggle to pay essential everyday bills.
While many loan providers did well offering pandemic emergency loans and no credit checks, they have other emergency loan products on offer too. Of course, deciding which is right for you and your circumstances can prove tricky! This review will take the guesswork out of emergency loans and help you decide!
Best Emergency Loans 2022 – Quick Overview
- Viva Payday Loans – Best for emergency loans online
- Big Buck Loans – Best for fast application process and payment
- Credit Clock – Best for same day emergency Loans
- Money Lender Squad – Best For emergency loans for bad credit
- Low Credit Finance – Best for flexible loan amounts and credit score improving
Best emergency loans same day matching services of 2022
Emergency loans are useful to Americans no matter what their circumstances. From standard emergency loans to emergency loans for bad credit, emergency loans with no credit check, or emergency loans with no job, the top 5 loan finders mentioned below can link you with lenders that provide emergency loans near you.
Viva Payday Loans – Best for emergency loans online
Viva Payday Loans is one of the top all-round emergency loan providers. They offer borrowers emergency same day loans with flexible repayment terms ranging from 2 to 24 months and affordable interest rates starting from 5.99% and going up to 35.99%. In addition, their online application process is simple, fast, and takes only a few minutes to complete. Borrowers can select affordable loan values from $100 to $5,000, and in most cases, loan payments are made to the borrower on the same day.
To apply for emergency loans via the Viva Payday Loans website, applicants simply need to click the ‘Apply’ button to be linked directly with lenders offering emergency loans online. After a short waiting period of approximately two minutes, borrowers will be advised if they have been approved for an emergency loan. Once the loan approval has been confirmed, borrowers will receive the money into their bank account.
Eligibility criteria for emergency payday loans via Viva Payday Loans.
- Applicants must be 18 years or older
- Minimum income required is $1,000
- Borrowers must be a permanent US resident
- Same-day emergency loan payments
- Straight forward eligibility criteria
- Flexible repayment schedules
- Expensive finance solution
2. Big Buck Loans – Best for fast application process and payment
The Big Buck Loans finder service takes emergency loans to the next level! Focused on providing borrowers with the best emergency loans, they link them to lenders likely to approve their loan applications. Of course, this service is free of charge and doesn’t cost the borrower a dime!
Lenders via Big Buck Loans place the borrower at the top of their priority list. Therefore, fast turnaround times and disbursements are at the forefront of their application process. Big Buck Loans offers borrowers quick emergency loans online; such convenience and speedy disbursement is not something borrowers experience when applying for emergency same day loans with a traditional bank!
Eligibility criteria for emergency payday loans via Big Buck Loans
- Minimum age requirement is 18 years
- Applicants should have an active US bank account
- Borrowers must have USA residency
- The income requirement is $1,000 per month
- The fast online application process
- Flexible repayment terms
- Low FICO scores are welcome
- Some lenders may charge early settlement fees
Click here to request funds at Big Buck Loans >
3. Credit Clock – Best for emergency same day loans
Borrowers searching for emergency loans via Credit Clock are guaranteed to be linked with lenders providing fast cash to those who need it in a hurry. Lenders typically offer repayment terms of 2 to 24 months to repay emergency loans with interest rates of 5.99% to 35.99%.
In addition, should you require an emergency loan but are not employed, you can still apply for emergency loans with no job. However, you will be required to prove you receive at least $1,000 from an alternative income source each month—for example, pension, investment, or savings.
Eligibility criteria for emergency loans via Credit Clock
- Permanent US resident
- Applicants must pass an affordability assessment
- Minimum age requirement of 18-years
- Earn at least $1,000 per month
- Fast turnaround time and easy application process
- Unemployed applicants welcome
- Emergency loans paid out in a few hours
- Some applications are rejected
4. Money Lender Squad – Best for emergency loans for bad credit
Emergency loans for bad credit are not unheard of via lenders on the Money Lender Squad website. This loan finder service links borrowers to lenders offering some of the best emergency loans for bad credit online. Depending on the lender, applications from borrowers with poor credit scores may be approved if they pass the affordability assessment (income vs. expenditure) and meet the loan criteria set out by the lender.
To apply for emergency loans with bad credit, applicants will also be asked to provide supporting documentation as evidence for their income (bank statement or pay slips) and US residency.
Eligibility criteria for emergency loans via Money Lender Squad
- Borrowers must be permanently employed
- All applicants must be 18 years or older
- Hold an active US bank account and mobile number
- Earn a minimum income of $1,000 per month
- Bad credit scores are not discriminated
- Same day payments
- The quick online application process
- High APR rates
5. Low Credit Finance – Best for emergency cash immediately
Emergency Loans via lenders on the Low Credit Finance website offer loan values ranging from $100 to $5,000 with APR rates of between 5.99% and 35.99%. Borrowers can choose to repay their loans over 3 to 24 months, allowing for greater affordability and repayment flexibility.
Borrowers looking to apply for emergency loans with Low Credit Finance must be 18 years old and earn a regular income of at least $1,000 per month. With Low Credit Finance, once the application has been approved, borrowers are directly linked with the lender to complete the process.
Eligibility criteria for emergency payday loans via low credit finance
- Must be a legal citizen/resident of the USA
- Permanently employed, earning a minimum of $1,000 per month
- Applicants must be 18 years old/older
- Have an active bank account and mobile number
- Excellent for improving credit score
- Easy repayment terms
- Affordable loan values
- A bad credit score may impact loan application decision
What are emergency loans and how do they work?
Emergency loans are fast cash loans for when funds are required in a hurry. Unlike traditional banks, the loan application can be made online, approval is quick, and payment is usually made on the same day. These loans are generally used for unexpected expenses such as medical bills and repairs and can be repaid over a few weeks or 24 months.
You can apply for an emergency loan using a loan finder site such as Vivapaydayloans.com and complete the online form. After a short waiting period, you are linked to lenders who can most likely provide the loan. Once you have signed the agreement and supplied any supporting documentation required by the lender, the loan is approved and paid out.
How to apply for emergency loans in quick steps on Viva Payday Loans
Step 1: Choose your loan amount
Move the slider on the loan-finder site to choose the loan amount you need and your preferred repayment term.
tep 2: Complete the application form
The loan-finder site has an application form easily located on the top right-hand side of your computer screen. Click on this and follow the simple steps.
Step 3: Wait for a decision
It typically takes two minutes to receive a decision on your emergency loan application.
Step 4: Get your loan
Read through the loan agreement carefully, and ensure you understand the terms and conditions. Once the agreement is signed, return it to the lender, and payment is usually made on the same day or the next working day at the latest.
Emergency loans features and factors to consider in 2022
When applying for emergency loans with no credit check, it cannot be guaranteed that lenders won’t take a look at your credit score. Most lenders will look at your credit history but may conduct a soft credit check rather than a hard one that may affect your credit score further.
Check that you can afford the emergency loan you are applying for by comparing your income to your expenses. Missed payments on an emergency loan will negatively impact your credit score and, in most cases, incur penalty fees.
Use Loan Finder Sites
Contacting multiple lenders can seriously damage your credit history as each conducts its own credit check. Instead, use a loan finder site as they put your application in front of a panel of lenders simultaneously, protecting your credit score and saving you time.
How did we choose the best emergency loan providers?
We used the below criteria when choosing the best emergency loan providers:
- Fast and user-friendly online application process
- Same day payments
- Flexible repayment terms with up to 24 months to pay
- Maximum interest rates capped at 35.99%
- Practical eligibility requirements
The top emergency loans are easily discernible by their straightforward application forms, fast payouts, and inclusion of bad credit borrowers. If you’re looking for a suitable financial solution to emergency money issues, Viva Payday Loans is one of the best loan service providers to consider!
Can I borrow money if I’m not working?
It is possible to borrow money if you are not working as long as you can prove you have an alternative source of income. This could be in the form of savings, pension, investments, or regular state benefits. Note your income will need to be at least $1,000 per month to meet the loan criteria.
Can you get emergency cash immediately on the same day?
If you require funds on the same day as applying for your emergency loan, this is entirely possible. Simply submit your application on the business day as early as possible and gather your supporting documentation (bank statements, payslips, ID documents, proof of residency) to supply to the lender.
What are the interest rates on Emergency Loans?
Emergency loans typically have interest rates that range between 5.99% and 35.99%. The APR varies between lenders and can be affected by a poor credit score rating; however, they are never higher than 35.99%.
Disclaimer: The loan websites reviewed are loan-matching services, not direct lenders, therefore, do not have direct involvement in the acceptance of your loan request. Requesting a loan with the websites does not guarantee any acceptance of a loan. This article does not provide financial advice. Please seek help from a financial advisor if you need financial assistance. Loans are available to U.S residents only.