evidence: Whether you're facing a sudden home repair or unexpected medical expenses, if you're in a pinch for cash, emergency loans may be able to help. Emergency loans are a type of personal loan so they generally have much more favorable interest rates and fees than payday loans. [...] - Loan amounts: $5,000 to $100,000 - Loan terms: 24 to 84 months - Credit needed: Good/excellent - Quickest funding time: Same day [...] While the exact definition may vary between institutions, emergency loans are frequently shorter-term, unsecured loans meant to cover urgent needs ranging from car repairs to medical bills and more.