Emergency Same Day Loans

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Emergency Same Day Loans

What is an Emergency Loan?

Have you ever been in a situation where you needed money to pay for an unexpected expense but didn't have any time to wait for your next paycheck? If so, we have the solution for you: emergency payday loans from our direct lenders.

We're here to help you get the emergency cash immediately. Our lending partners do it all online. But, we know that life doesn't always go according to plan and that sometimes it takes a little extra help to get back on track. That's why we've made it easy to apply for an emergency loan. You'll receive a same day loan approval decision no need to wait days or weeks for an answer.

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You don't have to worry about a long loan request process or even filling out paperwork. All we need is some basic information about yourself, and then we can connect you with online lenders who will be able to approve your loan request within minutes!

An emergency loan is a short-term unsecured loan that you can get to cover unexpected expenses. It's not intended to be a long-term solution to your money problems, but it can give you some breathing room until you figure out how to get back on track. Such loans are available at traditional lenders like federal credit unions and banks. Also, you can get a loan for emergencies from alternative lenders.

For example, let's say your car breaks down and needs repairs that cost $400. Unfortunately, you don't have a lot of extra cash lying around and don't want to use credit cards or other loans. So you borrow $400 from an emergency fund lender. The money will be deposited directly into your bank account within one business day, allowing you to fix the car before it gets worse and potentially costs even more money down the road.

Emergency payday loans are also helpful if someone has unexpectedly lost their job or suffered some other type of financial setback like damage from a fire or flood at home.

How Do Emergency Loans Work?

When you need money in a hurry, it can feel like there's no way out. But we're here to tell you: There is a way!

If you've ever been in a situation where you needed money in a hurry—and we mean NOW, like right now—then you know how scary it can be. So here's how our best emergency loans work:

1. You apply for a loan using our website and based on your credit score and income, multiple emergency loan lenders will give you an estimate for how much money you'll be approved for.

2. Once you've applied and been approved, you’ll sign the loan agreement, and the money will be deposited into your checking account within one business day.

3. Then, once a month (or however often you choose), the lender will deduct payments from your account until the payday loan is paid in full.

What are the Benefits of Emergency Loans?

Emergency loans can help you handle unexpected expenses. You can get a payday loan quickly without waiting for approval or proof of income. The money will be sent directly to your bank account so you can use it immediately.

Here are some of the ways same day emergency loans can help you:

1. Pay off bills and other expenses. If you need emergency cash but don't have time to wait for a paycheck or other income source, an emergency loan can help you pay off bills and other expenses that are due immediately. Emergency loans online are also great for covering unexpected costs like car repairs or medical bills.

2. Pay rent or mortgage payments. If you have an eviction notice from your landlord or foreclosure notice from your lender, an emergency loan could give you enough cash to make those payments on time and avoid problems with your landlord or loan provider.

3. Make new purchases. Whether it's furniture for your new apartment or clothes for a job interview, an emergency payday loan can help cover the cost of new purchases so that they aren't put on hold because of a lack of funds.

Can You Get an Emergency Loan with a Bad Credit Score?

When you need an emergency payday loan and your credit score is terrible, the first thing you think is "no." But there are options out there for bad credit borrowers.

Bad credit scores don't mean you aren't able to get payday loans. If you have bad credit and need money fast, bad credit loans could be just what you need. Know that our lending partners don't focus on your poor credit score. They check just your credit score and debt payment obligations but not through credit bureaus (Transunion, Equifax, and Experian). Plus, they ask you about your income and ability to make a monthly payment on time. It is called a soft credit check, and there are no minimum credit score requirements for such loans. Even if you don't have a fair credit score, you are welcome to apply.

Emergency Loan Rates & Terms

The cost of an emergency payday loan depends on your credit score and income. Our loan providers look at both to determine your rate, which is typically anywhere from 1% to 15% plus an origination fee of $5. However, each state has rates varying from $10 to $30 for every $100 borrowed. The loan terms also differ. You can get an emergency payday loan with a 14-day or 30-day term. Know that, unlike a traditional payday loan, online payday loan proceeds are slightly more expensive than a personal loan. Because personal loans have more extended repayment terms, they aren't used for financial emergencies.

Note: The higher your income and credit score, the lower your rate will be. If you have good credit but not much income, the lender will give you a lower rate than someone with poor credit and a high income would get.

What Do You Need to Get an Emergency Loan?

The answer to this question depends on the type of loan you're looking for. Here are some criteria to consider before applying for a loan:

  1. A valid, current government-issued ID (driver's license, state ID card, or passport).
  2. A verifiable phone number (the lender will text you with a confirmation code).
  3. An active bank account, debit card, or prepaid debit card to pay back the loan (you can withdraw from your checking account after you're approved).
  4. Steady monthly income (at least $1,000 per month).
  5. An active email address.

Emergency Cash Loan Options

When you're in a financial emergency, it's essential to have options. That's why we've put together this guide to emergency cash loan options. When you need money fast and don't have access to a credit card or savings account, there are several ways to get the cash you need.

Debt Consolidation Loans

Debt consolidation loans are a type of loan that allows you to combine all of your existing debts into one new loan at a lower interest rate. These loans are often used to pay off credit card balances but can also help you fund education-related expenses.

Auto Title Loans

Auto title loans are short-term loans, high-cost loans that you can use to purchase a car or truck. The title secures the loan to your vehicle. So if you miss payments for these secured loans, your lender can repossess your vehicle and sell it to recoup their money.

Installment Loans

Installment loans are loans where you make a series of payments rather than one large payment at the end of your loan. It means you can pay off your loan in smaller chunks over time.

Home Equity Loans

Home equity loans are simply loans that you take out on your home, much like you would a car or a boat. The difference is that when you take out a home equity loan, the lender will only give you as much money as the value of your house exceeds the money still owed on it.

Unsecured Personal Loans

Unsecured personal loans are loans that you can take out without collateral. Unsecured loans are a great way to get money quickly, but they have some drawbacks, like high-interest rates and high origination fees. The maximum unsecured loan sizes reach $5,000.

Use an unsecured personal loan only as a last resort because such a loan offer requires hard credit checks and has a high origination fee.

Credit Card Cash Advance

A credit card advance is a line of credit that you can use to withdraw money from your credit card. You can access this cash advance emergency loan by writing a check or using a debit machine at an ATM.

How to Choose an Emergency Loan?

Choosing an emergency loan can be intimidating. It is because there are so many options to choose from, and each one comes with its own set of benefits and drawbacks. But don't worry! ASAP Finance is here to help you make the right choice for your needs.

Here's what you need to know:

The interest rate of an emergency loan is typically higher than that of a traditional loan. But it's still much lower than what you'd pay if you were to take out payday loans or credit card advances.

Not all online emergency loans are created equal! Some have incredible features like no penalty fees and no prepayment penalties. Others might have loan offers with a more flexible repayment plan, while others give you the option to use them however you want—whether that means paying off your credit card debt or fixing your car.

How much do I need? That depends on where you're getting the money from and what terms they offer. If you're using credit card cash advances online, for example, you'll probably only have access to the minimum loan amount of $1,000. On the other hand, the maximum loan amount could be $5,000 at best, while more significant lenders may offer amounts up to $30,000 or more!

Where to Get a Fast Emergency Cash Loan?

Getting a fast emergency cash loan is as easy as 1-2-3. Just follow these steps, and you'll access your money within one business day.

  1. Fill out our loan request form, and we'll send it to our payday lenders to check you out!
  2. If you qualify for payday loans, the participating lenders will email you immediately with options and how much it will cost if you choose to borrow from them.
  3. Once the lender confirms your loan, you'll receive an e-mail with instructions on where to wire the money. We only need several minutes to process your loan, so if you choose to borrow from our lender today, you'll have access to your cash tomorrow.

Note: Each lender has different cut-off times. If you want your loan faster, try to submit the loan application before 10.00 AM. Then, if everything is alright, the online lender might fund your money in your bank account by the end of the same day.

Frequently Asked Questions


How to get emergency money now?

You might be thinking about borrowing money from friends or family, borrowing from a credit union, or selling some staff. But there is another option: getting emergency money from direct lenders or ASAP Finance. They provide fast loans that are easy to apply for and fast to get approved for, so you can have the cash you need right away.


What if I cannot pay or will be late repaying my emergency loan?

If you can't pay or will be late repaying your emergency loan, please let us know immediately. We'll work with you to make sure we can still help out in the long term—whether that means extending the loan term or offering other options.


Can I pay off my emergency loan early?

Yes! You can pay off your emergency loan early if you want to. When you apply for a loan, the lender lets you know how much of the balance you have left to pay. So if you're going to pay off your loan early, just make sure you have enough money in your account when it's time to pay your bill.

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