PrimeRates provides access to personalized loan offers through our simple and quick pre-qualification application. Once you’re pre-qualified, you can select the best offer for you and finalize the loan application with the lender.
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Simple pre-qual application in less than 1 minute.
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Choose the offer that best fits your needs.
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Finalize your loan offer, get approved, and receive funds.
When unexpected expenses arise — medical bills, car repairs, home emergencies — an emergency personal loan can provide fast access to funds. Many online lenders offer same-day or next-business-day funding with streamlined applications.
Compare emergency loan options with the fastest funding times below.
These lenders offer some of the fastest funding times for personal loans.
| Lender | Funding speed | APR range | Min. loan |
| LightStream | Same day | 7.49% – 25.49% | $5,000 |
| Upgrade | 1 business day | 6.94% – 35.97% | $1,000 |
| Best Egg | 1 business day | 8.99% – 35.99% | $2,000 |
| Upstart | 1 business day | 6.40% – 35.99% | $1,000 |
| Avant | 1 business day | 9.95% – 35.99% | $2,000 |
LightStream offers same-day funding. Upgrade, Best Egg, Upstart, and Avant typically fund by the next business day. Application and approval can happen in minutes.
Yes. Upstart accepts scores as low as 300 using AI evaluation, Upgrade and Avant accept 580+, and OneMain Financial has no published minimum.
Upgrade accepts credit scores as low as 580 and offers loans from $1,000 to $50,000. Reports to all three credit bureaus, helping build credit with on-time payments. Funds typically deposited within one business day.
Upstart uses AI and machine learning to evaluate borrowers beyond traditional credit scores. Considers education and employment history. Funding often next business day.
Best Egg has funded over $24 billion in loans since 2014. They offer a simple online application with funding as fast as one business day. Origination fees range from 0.99% to 8.99%.
Avant specializes in lending to borrowers with credit scores between 580 and 700. Straightforward online application with next-day funding. No prepayment penalties.
LendingPoint looks at your complete financial picture, not just your credit score. Reports to all three credit bureaus to help you build credit over time.
The U.S. prime rate is 6.75%, but the Fed does not set it. Here is how banks derive prime from the federal funds rate and what it means for your loans.
The average rate on U.S. interest-bearing debt rose to 3.353% in May, the highest since October 2025, as low-coupon debt refinances into higher market yields.
U.S. employers added 172,000 jobs in May 2026 and unemployment held at 4.3 percent, reinforcing a June Federal Reserve hold and keeping the prime rate at 6.75 percent.
The 10-year Treasury yield climbed toward 4.5% as an oil spike pushed markets to price an 85% chance of a 2026 Fed rate hike, even as the prime rate held at 6.75%.
Private employers added 122,000 jobs in May, ADP reported June 3, a broad-based gain that reinforces the case for the Federal Reserve to hold rates at its June 16-17 meeting and keep prime at 6.75%.
Fed Vice Chair Michelle Bowman defended keeping rate cuts on the table in a May 29 speech, urging the Committee to look past oil-driven inflation before the June 16-17 FOMC.