Sudden financial needs can be stressful, especially when you don’t have the funds to cover them. Fortunately, there are fast loans you can leverage for emergency cash. Considering the many providers available today, quick loans have become more accessible. Finding the best emergency Loan involves comparing multiple lenders by looking at their APR, interest rates, and repayment terms.

Looking at their deposit turnaround time, qualification requirements, and penalties/fees can also be helpful. Outlined below are the top four quick loans for emergency loans.

Express loans

Express loans are an ideal solution for time-sensitive, unexpected bills and expenses. They come in handy when looking for finances when you require them the most. Unlike banks with long, tedious loan application processes, express loans have a quick, streamlined procedure that doesn’t involve a lot of paperwork or Credit checks. All you have to do is fill out an online application form, which takes about five to ten minutes.

Upon submitting the form, you won’t have to wait long to find out if your loan was approved because most lenders use scoring software to ensure fast approvals. Once approved, the funds are wired into your account on the same day. You can also access an express loan with bad credit, provided you have a job.

Personal loans

Personal loans are a great alternative when looking for emergency cash. They provide fast online applications you can complete from your home’s comfort. Also, they provide same-day decisions and fast funding. Based on your lender, you can have money directly wired into your account a few hours after approval. Compared to credit cards, personal loans have more competitive interest rates. Although their rates are low, you must have excellent credit to qualify.

Personal loans also have flexible repayment terms. As such, you’ll likely receive an affordable monthly repayment suitable for your budget. Also, you won’t have to deal with high-interest rates like those associated with credit cards.

Title loans

A title loan is a secured loan that lets borrowers use their asset titles as a guarantee. The value of your asset determines the loan amount. You can turn to title loans, including car title loans, during financial emergencies. They provide fast access to money without undergoing lengthy application processes. Unlike traditional loans, title loans don’t need a credit history or a good credit score.

This means they don’t involve credit checks because they use your asset’s value as collateral, making them suitable for those with bad or no credit. To find the best title loan, look for reliable providers and compare their loan terms. Reading past client reviews can help you learn about a lender’s customer service and reputation.

Pawnshop loans

A pawnshop loan is a fast way to borrow funds as it doesn’t involve credit checks or application processes. To borrow funds from a pawnshop, you must provide an item as a guarantee, including a TV, jewelry, and more. The loan amount you get approved for depends on the value of what you’re pawning. Pawnshop loans are an attractive option for those with bad credit and unable to get traditional loans. Your credit score also won’t be negatively affected if you fail to repay the loan. However, you risk losing what you pawned.

Conclusion

Unexpected financial needs are hard to cater to, especially without an emergency fund. However, leveraging these top quick loans can help you get emergency cash.

Photo Credit

Photo is from pixabay

Guest Author Bio
Pat Lee

Pat Lee was born in January 1992. Today, she is a digital marketer who has several years of experience in working with non-profit organizations. She has extensive knowledge in the fields of Education, Computer Science, and Psychology. When she isn’t helping build brands, she practices Muay Thai and runs marathons.