Facing a financial emergency? Here's how fast can you get a personal loan

When an unexpected expense hits, like a car repair, a medical bill or a burst pipe, waiting weeks for cash isn't an option. The good news is that some lenders can get money into your account within hours of approval. Here's what you need to know. Emergency loans How fast can you actually get a personal loan? What lenders offer the fastest funding? What affects how quickly you get your money? Alternatives to a personal loan in an emergency When you have a true financial emergency and a cash advance is your last resort. How fast can you actually get a personal loan How fast you can get a loan varies depending on various factors. Some online lenders advertise same-day funding , but that usually means applying early in the morning, getting approved quickly and having an account at a bank that processes transfers fast. In reality, most people apply for a personal loan and get their money within one to three business days. Traditional banks and credit unions tend to be on the slower end, sometimes taking a week or more, while online lenders are generally the fastest option. What lenders offer the fastest funding? There are plenty of personal loans that can get money in your account fast, and some of our favorites are already on our list of best personal loans. Upstart , for example, stands out because it considers applicants with thin credit histories or no credit score at all, making it one of the more accessible options if your credit isn't in great shape. You can borrow between $1,000 and $75,000 with a range of fixed APRs, and most loans are funded in the next business day. Upstart Personal Loans Learn More Annual percentage rate 6.2% - 35.99% Loan amounts $1,000 to $75,000 Terms 36 and 60 months Credit needed 300 (but may also accept applicants with no credit history) Origination fee 0% to 12% of the target amount Early payoff penalty No Late fee 5% of the last amount due or $15, whichever is greater Terms apply. Pros Accept applicants with low or no credit No early ...