1. Best Egg
| Best Egg emergency loan details |
|
| APR |
5.99% to 29.99% |
| Terms |
36 or 60 months |
| Loan amount |
$3,000 to $35,000 |
| Time to funding |
As little as 1 business day |
| Minimum credit score requirement |
640 |
Best Egg offers the lowest starting APR among the four lenders we’re highlighting. But you must have a FICO Score of at least 700 and a minimum annual income of $100,000 to qualify for the lowest interest rate. Its maximum loan amount is $35,000, which is lower than what Upstart and Upgrade offer, but more than LendingPoint offers.
Georgia residents must borrow at least $3,000, New Mexico and Ohio residents must borrow at least $5,000 and Massachusetts residents must borrow at least $6,500. Origination fees of 0.99% - 5.99% may apply. The fee would be deducted from your loan proceeds.
2. Upstart
| Upstart emergency loan details |
|
| APR |
6.27% to 35.99% |
| Terms |
36 or 60 months |
| Loan amount |
$5,000 to $30,000 |
| Time to funding |
Next business day after accepting your loan |
| Minimum credit score requirement |
620 |
Upstart emergency loans are not available to borrowers in West Virginia or Iowa. Similar to Best Egg, Upstart has minimum loan amounts for borrowers in certain states: Georgia, $3,100; New Mexico, $5,100; Ohio, $6,000; and Massachusetts, $7,000.
Your education, work history and credit history will factor into the APR you receive. Upstart offers loans of up to $30,000, which is double the maximum offering by LendingPoint. But its origination fee is up to 8.00% of the target amount, which is the highest maximum among the four lenders.
| Upgrade emergency loan details |
|
| APR |
7.99% to 35.97% |
| Terms |
36 or 60 months |
| Loan amount |
$1,000 to $35,000 |
| Time to funding |
Within 1 business day after verification |
| Minimum credit score requirement |
620 |
Upgrade personal loans have an origination fee of 2.90% - 8.00%, which will be deducted from the amount of the loan.
Though you can receive your funds within a business day of being verified, the total time will depend on your bank. You should receive your money within four days. Upgrade and Upstart are possible options if you only need $1,000.
| LendingPoint emergency loan details |
|
| APR |
9.99% to 35.99% |
| Terms |
24 to 48 months |
| Loan amount |
$2,000 to $25,000 |
| Time to funding |
As soon as the next business day after approval |
| Minimum credit score requirement |
585 |
While LendingPoint charges the highest minimum APR rates on this list, it is the only lender that considers borrowers with credit scores below 620.
Depending on where you live, you may have to pay an additional origination fee of 0.00% - 6.00%. If you’re looking for more than $25,000, you’ll have to check with the other lenders on our list.
