Emergency Same-Day Loans

Life can be unpredictable, especially when it comes to your finances. Fortunately, an emergency same-day loan can get you back on track after a sudden expense.

With our emergency same-day loans, you can apply online or in-store and receive an instant approval decision. Even if you have a fair or poor credit score, our same-day loan options are designed with your urgent needs in mind.

Let’s take a closer look at how emergency same-day loans work, the types of loans that are available, and how to get one today.

What is an emergency loan?

An emergency loan is a loan that can help you cover an unexpected expense, such as a surprise medical bill, appliance replacement, or home or car repair.

Advance America offers different types of loans that can be considered emergency loans. These loans give you quick access to the funds you need, and approval isn’t solely dependent on your credit score.

Can I get an emergency loan on the same day?

Yes, in many cases, you can get an emergency loan the same day you apply. It all depends on the type of loan you want and the time of day you submit your loan application.

After you apply for a same-day emergency loan and are approved, you’ll receive the funds in your bank account via direct deposit. Remember to check the lender’s policy regarding cut-off times for same-day funding.

Advance America provides same-day funding for emergency same-day loan applications approved before 10:30 AM EST. If you apply later in the day, however, you will receive your money within 24 hours of completing your application.

Types of emergency loans that you can receive on the same day

Here are a few types of emergency loans that can get you cash on the day you apply:

Payday loans

Also known as a cash advance, a payday loan is a short-term, small-dollar loan that you pay back by your next payday (hence the name).

Since payday loans are based on your income, you don’t need good credit to qualify. In addition, these emergency same-day loans offer an easy application and instant approval process, making them a good option when you need to cover unexpected expenses.

Installment loans

You might consider an installment loan if you need more money than a payday loan provides.

Installment loans can be funded the same day you apply and are paid back over time in fixed, monthly payments. Depending on the lender, repayment terms vary from a few months to several years. You can also repay the loan all at once, saving money on interest.

Lines of credit

A personal line of credit is a flexible loan option that gives you access to funds up to your preset credit limit. Borrow the amount you need when you need it and only pay interest on the amount borrowed.

Having an open line of credit is a smart option because you can easily access same-day funds in the event of an emergency.

Title loans

A title loan is a secured emergency same-day loan that uses your vehicle as collateral. You typically receive title loan funds the same day the lender appraises your vehicle, which may also be the same day you apply.

Since the amount you can borrow is based on your car’s value, you can usually get enough money with a title loan to cover even big-ticket emergency expenses.

Pawn shop loans

shops have long exchanged quick cash for collateral, which makes them an easy option in an emergency.

First, find a legitimate pawn shop and a valuable item to pawn. The staff will assess the item and decide whether to offer you a pawn shop loan. You can get your item back if you repay the loan within the required timeframe.

The downside to a pawn shop loan is the risk of losing the item if you cannot pay back the loan in time. As such, you’ll want to avoid pawning sentimental items and find a pawn shop loan alternative.

How to apply for an emergency same-day loan

Applying for an emergency same-day loan is easy! Here’s how the process works:

1. Find a reputable same-day emergency loan lender

You have options when it comes to emergency same-day loans. Shop around and compare lenders to find one with favorable terms and interest rates. Take a look at online review sites like Trustpilot to see what current and former customers have to say.

2. Apply online or in-store for a same-day emergency loan

Once you’ve decided on a lender, it’s time to apply! Advance America offers both in-store and online emergency same-day loan applications for your convenience, so you can get started right away.

Depending on the type of loan you choose, you may need to provide additional documentation, such as your bank account or debit card number, to facilitate a same-day transfer.

3. Wait for a loan approval decision

You probably won’t have to wait long to receive a decision from the lender regarding your emergency same-day loan application. Fortunately, Advance America provides instant loan approval decisions for online applications.

4. Receive your emergency loan funds

Once approved for a same-day emergency loan, you should receive your funds in your bank account within one business day. For applications approved before 10:30 AM EST, Advance America releases the funds to your account the same day.

Benefits of emergency same-day loans

Compared to other financing options, emergency same-day loans like those offered by Advance America have several benefits:

Simple application process

Applying for a same-day emergency loan is easy and takes just a few minutes. Plus, you often don’t need to fill out a lot of paperwork. Simply provide some verification details and an e-signature — and you’re set!

Same-day funding

If you apply early in the day and your loan is approved, you can receive your emergency funds within hours.

Even if you miss the same-day funding cutoff, you’ll still receive the money you need within one business day, so you never have to wait long to take care of what matters!

Good credit not needed

You don’t necessarily need good credit to qualify for emergency same-day loans. Many lenders will consider your employment status and income as proof of your ability to repay.

Can be used for any emergency expense

Same-day emergency loans can be used for any unexpected expense. This makes them a good option for covering medical bills, home appliance replacements, vehicle repairs, and more.

Which emergency same-day loan is right for me?

So, how do you know which same-day emergency loan is right for you?

First, decide whether you’re willing or able to provide collateral. Title loans, for instance, require you to own your vehicle and have a clear title in hand. As such, you won’t be able to use your car as collateral if you’re still making car payments.

Next, figure out how much money you need to borrow. A payday loan, for example, can be a good option if you want a small-dollar emergency loan. If you want to borrow a larger amount and repay over time, an installment loan might work better.

Get an emergency same-day loan from Advance America

Whatever your situation, Advance America offers a variety of emergency same-day loans, including payday loans, installment loans, title loans, lines of credit, and more. Apply today so you can get the emergency money you need to cover what matters.

The Advance America advantage

Since 1997, Advance America has helped millions of hardworking people with a variety of financial solutions including Payday Loans, Online Loans, Installment Loans, Title Loans and Personal Lines of Credit.
157+ million
loans issued
800+ stores
and online loans
25+ years
providing loans