EMERGENCY LOANS
Fast access to funds for unexpected expenses.
Unexpected expenses can hit hard. SoFi emergency loans offer quick access to funds with same-day funding1, no required fees, and flexible terms, helping you get back on track without added stress.
View your rate
Checking won’t affect your credit score.†
Why do over 12.6M members love SoFi?
The savings and experiences of members herein may not be representative of the experiences of all members.
Savings are not guaranteed and will vary based on your unique situation and other factors.
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Why choose SoFi for an emergency loan:
SoFi emergency loans come with no late fees and no prepayment penalties. No origination fees required.
Apply online and you may receive your money as soon as the same day you’ve signed.
Lower your rate by setting up automatic payments and save more over the life of your loan.
Fixed interest rates mean predictable payments.
SoFi emergency loans versus credit cards.
When money is tight, both credit cards and emergency loans can provide fast
access to cash, but not all options are equal. Here’s how SoFi emergency
personal loans stack up:
How SoFi emergency loans work.
-
Check your rate.
In minutes, you can see your pre-qualified rate online without impacting your credit score. Use our personal loan calculator to explore your options.
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Choose your terms.
Select the loan amount and repayment period that fit your budget. Our team is here to help if you need guidance.
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Get your funds.
Once approved, you can receive funds as soon as the same day.
View your rate
Checking won’t affect your credit score.†
How can you use an emergency loan?
Cover a broken water heater, unexpected plumbing issue, or critical car repairs before they disrupt your day-to-day life.
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Handle an ER visit or unplanned dental procedure with confidence. No need to wait or delay necessary care.
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Avoid late fees or disruptions by covering rent, utilities, or other essential bills when cash flow
is tight.
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Whether you’re responding to a family emergency or moving for work, emergency loans can cover relocation and travel costs fast.
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Emergency loan resources
FAQs
Can I get an emergency loan online today?
Yes, you likely can. Many lenders offer emergency loans through
entirely online application processes. In some cases, you may receive
funds the same day you’re approved, depending on the lender ’s cut-off
times and your bank’s processing speed.
Are emergency loans available with no credit
check?
Some lenders advertise no-credit-check emergency loans, but these
often come with very high interest rates or unfavorable terms. Most
reputable lenders will perform at least a soft credit inquiry to determine
your eligibility and rate.
What is the fastest emergency loan option?
The fastest options are typically personal loans with same-day funding
from online lenders. Some payday or cash advance services may
provide faster access, but they usually carry significantly higher fees
and interest rates.
Do emergency loans affect your credit score?
They can. Applying may involve a credit check, and once the loan is
accepted, your payment history and loan status are typically reported
to credit bureaus. Making on-time payments can help build your credit,
while missed payments may hurt it.
Can you get an emergency loan without a job?
It’s possible, but you ’ll generally need to show proof of income or
financial stability. This could include freelance work, government
benefits, retirement income, or other sources. Lenders want to ensure you can repay the loan, even if you ’re unemployed
† To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit
report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
* Same-Day Personal Loan Funding: Same Day Funding means that most borrowers receive funds the same day when loan is approved and the loan agreement is signed by 5:30 PM ET on a business day. SoFi does not
guarantee this, and delays may occur outside of our control, such as if inaccurate information is submitted, the receiving bank declines the transfer. Your bank may have rules on when the funds become available. Does not
include personal loans originated with a SoFi partner bank.
^ Autopay: TThe SoFi 0.25% autopay interest rate reduction requires you to agree to make your scheduled monthly payments by an automatic monthly deduction (ACH) from a SoFi Checking and Savings. The benefit will
discontinue and be lost for periods in which you do not pay by automatic deduction from a SoFi Checking and Savings account. Enrolling in autopay is not required to receive a loan from SoFi.
SoFi® Checking and Savings offered by SoFi Bank, N.A.
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