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The average funeral in the United States costs between $7,000 and $12,000, and many families face these expenses unexpectedly. If you do not have life insurance proceeds or savings to cover the costs, a personal loan can provide fast funding to pay for funeral and burial services without delay.
Below are the best lenders for funeral financing, offering fast approval and funding so you can focus on what matters most.
| Lender | APR range | Loan range | Min. credit | Funding |
| Upgrade | 6.94% – 35.97% | $1,000 – $50,000 | 580 | 1 day |
| Upstart | 6.40% – 35.99% | $1,000 – $50,000 | 300 | 1 day |
| Prosper | 6.99% – 35.99% | $2,000 – $50,000 | 600 | 3 days |
| Best Egg | 8.99% – 35.99% | $2,000 – $50,000 | 640 | 1 day |
| Marcus | 6.99% – 24.99% | $3,500 – $40,000 | 660 | 3 days |
| SoFi | 7.99% – 29.99% | $5,000 – $100,000 | 680 | Same day |
Common ways to cover funeral costs include life insurance proceeds, savings, crowdfunding, funeral home payment plans, and personal loans. Personal loans are often the fastest option — you can receive funds within 1-2 business days, which is critical when funeral homes require payment before or at the time of services.
A typical funeral includes the funeral home service fee ($2,000-$3,500), casket ($2,000-$5,000), burial plot ($1,000-$4,000), headstone ($1,000-$3,000), embalming ($500-$800), and additional services like flowers, programs, and transportation. Cremation is less expensive, typically $1,000-$3,000 total.
Some funeral homes offer payment plans, but these may have limited terms, higher interest rates, or require a large down payment. Personal loans typically offer longer repayment terms (2-7 years), fixed monthly payments, and the flexibility to choose any funeral home.
Yes. Personal loans can be used for any purpose including funeral and burial costs. Most online lenders can approve and fund within 1-2 business days.
SoFi and LightStream offer same-day funding. Upgrade, Upstart, and Best Egg fund within one business day. This speed is critical for covering time-sensitive funeral expenses.
Upstart accepts scores as low as 300. Upgrade accepts 580+. If your credit is very poor, consider a co-signer to improve your approval odds and get a lower rate.
There are no special “funeral loans” — they are standard personal loans used for funeral expenses. Some funeral homes partner with financing companies, but their rates are often higher than what you can get directly from an online lender.
Upgrade offers loans starting at $1,000 with next-day funding — ideal for covering funeral costs quickly.
Upstart uses AI underwriting and accepts very low credit scores, making it accessible when you need funds fast.
Marcus offers completely fee-free loans with competitive rates for borrowers with good credit.
SoFi offers same-day funding with zero fees — the fastest option when timing is critical.
SoFi’s personal loans have the highest minimum loan amount of the five on our list, with loans starting at $5,000 and ranging up to $100,000. But it has one of the lowest starting APRs around — 5.99%. The APR maxes out at a reasonable 18.64% if you enroll in AutoPay, which is by far the lowest interest rate cap among all five lenders. Another big perk of SoFi is that unlike most lenders, they don’t charge an origination fee, saving you significant money. SoFi also offers more terms than most online lenders, with 36-, 48-, 60- and 84-month loan options. It also has no prepayment penalties. The lender is unique in that it offers unemployment protection, allowing you to pause payments if you lose your job.
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