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How to Get an Emergency Loan Online

Most people will experience difficult financial times at some point in their life. When the unexpected leaves you in need of quick, easy cash, you can apply for an emergency loan online at Credit Union of Southern California (CU SoCal).

Call CU SoCal at 866.287.6225 to schedule a no-obligation loan consultation.

Get Started on Your Emergency Loan!

What Is an Emergency Loan?

An emergency loan can be funded quickly, sometimes on the same day but usually within one to two days. This type of loan is “unsecured,” meaning you don’t need collateral as security in order to receive funds. For more details, check out “What Is an Emergency Loan” on our Blog.  

What Can An Emergency Loan Be Used For?

An emergency loan can provide quick access to money for any expenses you choose, including:
  • Medical Bills
  • Rent and Mortgage Payments
  • Utilities
  • Funeral Expenses
  • Home or Car Repairs

Before Applying for an Emergency Loan

Whether your emergency is completely unexpected or you think you may be in need of cash in the near future, there are steps you can take to plan ahead so you have money when you need it most:

Check Your Credit Score: The higher your credit score the lower your emergency loan interest rate will be. You can check your credit score for free at

Decide How Much to Borrow: Determine how much money you think you’ll need. This can be as easy as getting estimates on home or car repairs, adding up your monthly utility bills, or getting other estimates that can help you decide how much to borrow.

Read the Fine Print: As with any loan, be sure you understand the terms of the loan agreement before you sign. Your credit union or bank loan representative will review the details with you, including the interest rate, term (length of the loan), and whether there is a pre-payment penalty. Ask questions if there’s anything you don’t understand.

Applying for an Emergency Loan

Most credit unions and banks offer emergency loans. And you can even apply for an emergency loan online.

Be sure to check with all of the financial institutions where you do your banking, and ask about their emergency loan rates, terms, and fees, to be sure you’re getting the loan that will meet your needs.

Here are some steps to get you started:

Check Eligibility: Ask to speak with a representative at each of the lending institutions where you have accounts to discuss your financial need and how to start the loan process.

Get Prequalified: Speak to a loan representative about applying for the emergency loan in advance of your financial need. They will collect any necessary documentation and look at your credit score to determine if you qualify.

Provide Necessary Documentation: You will be asked to show proof of your identity, your W-2 or 1099, and bank statements as part of the process.

Close the Loan: After you’re approved and the loan is ready to close, your financial institution will likely deposit the money directly into one of your accounts.

Alternatives To Emergency Loans

If you are unable to get approved for an emergency loan and wondering how to get an emergency loan with bad credit, or prefer not to apply for a loan, there are other ways to get the money you need, including:

Nonprofits, Charities and Religious Organizations: There are many community and faith-based charities that can ease the financial burden, as well as county and state resources that assist people in need. Call your town government office, local community center, or employment resource center for ideas and options.

Explore Options to Pay-off Bills: Speak to your credit union or bank representative about how to consolidate your debt by rolling your debts into one convenient low-interest loan. Consolidating high-interest debt will save you money on interest payments each month.

Paycheck/Payroll Advances: Many employers offer pay advances. Check with your company’s human resources or payroll department to see if your employer offers this option.

Family and Friends: Borrowing money from a family member or friend could be a quick way to get the money you need. If you decide to go this route, be sure you and the person you’re borrowing from agree to the timeframe for paying back the loan.

Building an Emergency Fund

Having a savings account or an emergency fund for unexpected situations is the perfect way to plan ahead so you don’t have to scramble for money in case of an emergency. If you don’t already have one of these accounts, start one today.

Here’s how to get started:
  1. Set a Goal: If you are saving for a specific expense, decide how much you can afford to deposit into your emergency fund each month. Setting a goal will help you meet the goal.
  2. Set Up Automatic Transfers: Your credit union or bank likely has an automatic transfer feature you can set up to move money from checking to savings. Choose a dollar amount and how often you want the transfer made. This is a convenient way to set aside money each month.
  3. Monitor Progress: Look at your online or paper statement monthly to make sure you’re working on track to meet your savings goal.
  4. Stick to the Plan: The most important part of making a plan is sticking to it. In the beginning you may need to adjust the dollar amount you set aside each month so that you have enough funds to pay monthly bills, overall you shouldn’t miss the money you set aside and sticking to your savings plan will be rewarding in the end!

Apply for a CU SoCal Emergency Loan Today!

At CU SoCal, we know you’re more than a credit score. We’re here to help you apply for an emergency loan online and help you get an emergency loan with bad credit.

Why Savvy Consumers Choose CU SoCal

For over 60 years, the Credit Union of Southern California has been proudly serving Orange County, San Bernardino County, and Riverside County. We are CU the fastest growing credit union in Southern California.
Please give us a call today at 866.287.6225 for an expert, no obligation consultation or apply for a CU SoCal emergency loan online today!
Get Started on Your Emergency Loan!

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Credit Union of Southern California (CU SoCal) is a leading financial institution empowering those who live, work, worship, or attend school in Orange County, Los Angeles County, Riverside County, and San Bernardino County to reach their goals and build strong financial futures. CU SoCal provides access to convenient money management services and offers competitive rates and flexible terms on auto loans, mortgages, and VISA credit cards—turning wishing and waiting into achieving and doing.


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