evidence: Because emergency loans are generally unsecured, you likely won’t need to put up any collateral to get one. However, some lenders offer secured personal loans that require borrowers to put up assets—like home equity and savings account funds—to borrow money. You also can obtain emergency loans through payday loans and credit card advances, but we recommend avoiding these options where possible. [...] Emergency loans aren’t your only option when it comes to borrowing money fast. Depending on the intended purpose of your emergency loan, consider these alternatives before applying for an emergency loan: [...] Emergency loans are typically quick and provide deposits within a day or two of approval. Some lenders may even fund loans on the day you apply.