4 Best Emergency Student Loans For Bad Credit In 2022

Being a student and living alone can bring unexpected expenses where you are bound to take a loan. Many services offer student loans, so it is easy to grab one.

However, paying it back becomes a bit complicated. As you delay your repayment or installments, your credit score declines, and many lenders hesitate to offer you a loan. After all, they are unsure whether you’ll pay back the money.

The biggest issue is the high-interest rates that come with bad credit emergency loans. The fastest way to grab an emergency loan is a private student loan. However, you can only get it if you work while studying because lenders want to know how you can pay it back.

The advantage of private student loans is that you can get them even with a poor credit history. But they also come with huge interest rates that are unsuitable for students.

4 Best Student Loans For Bad Credit (2022)

  • Money Mutual

    Get Emergency Loan Approvals For Students
  • Bad Credit Loans

    Immediate Student Loan With Bad Credit
  • CashUsa

    Easiest Loans To Get With Bad Credit, Instant Cash Approval
  • PersonalLoans

    Emergency Student Loans With Best Interest Rates 

#1. MoneyMutual – Get Emergency Loan Approvals For Students


MoneyMutual started its business in 2010, offering people short-term loans at reasonable terms and conditions. Traditional lenders are hesitant to offer loans to people with bad credit, let alone students. So, this company starts working by offering loans to everyone who needs it. They’ll charge you interest over the loan, but the rate would be quite low compared to banks and other loan companies.

MoneyMutual has a huge lender network and is always ready to help its clients. The minimum loan you can get from this portal is $200, making it one of the most suitable student loan companies. After all, students usually require a quick of a couple of hundred bucks. With such a small amount, repaying the loan would be even easier, which won’t only increase your credit scores but also make you eligible for another loan.

On the other hand, this company won’t care if you have bad or no credit. For a small loan, they only require you to have an active bank account. However, if you want to take more than $1000, you must provide proof to repay the loan.

This loan company has worked for over two decades and has over two million satisfied customers. Its customers love the short time it takes to find the lender list, and they are all happy with how it handles its customers. With its quality services and excellent customer handling, this company became one of the best online lenders portals.

Their lender’s network doesn’t have people that are chosen on a random basis. Instead, they check the performance report before adding them. If a lender fails to provide quality services to the customers more than thrice, the company can let it go to retain its image and keep itself suitable for all customers.


Competitive Market Rates: Instead of offering fixed interest rates, lenders at MoneyMutual offer rates based on the market. If you find a lender offering lower rates than this company, provide them the proof, and they might charge you even lower rates than what you shared. However, you’ll need to check this with the lender as the company won’t help after they provide you with the lender’s list. The good thing is that this company won’t charge you any fee; instead, they’ll take it from the lender. Another thing to check while asking for competitive rates is the terms and conditions. The lender might have different conditions if you ask for lower rates.

Extreme Security Measurements: A lot of sensitive information is shared on MoneyMutual’s website; information like bank accounts, debit/credit card numbers, and borrowers/lenders’ personal information. A hacker who can access such information would easily use it to purchase anything online. So, the company uses top-notch security measures to keep its website safe. They even have a dedicated team working to find the security issues and keep its security updated. Moreover, they don’t share your personal information with the lender. They only take it to find the best lender for you.

Zero Prepayment Charges: If you take a loan in installments but have enough money to pay it all together at a certain point, you can do it without paying additional charges. While the company has no issues with this, you might need to confirm it with the lender before signing the contract. If there are no prepayment conditions, make sure to add it first.

Installment on Any Loan: Regardless of your loan, you can pay it monthly or weekly. This makes MoneyMutual a suitable company for those who work on daily or weekly wages.


  • Large lending network
  • Free of cost services for borrowers
  • No hidden charges
  • No extra fees
  • Simple online form


  • No services for the residents of New York or Connecticut

=> Click here to visit the official website of MoneyMutual

#2. Bad Credit Loans – Immediate Student Loan With Bad Credit


Bad Credit Loans was founded in 1998, making it the oldest financial company on our list. It aims to help all those who can’t find a large loan because of their poor credit score. For the past two decades, they have been doing this and serving millions of customers. They offer bad credit loans, and their financial advisors can guide you on repayments and credit score improvements. But the best part of this company is that you can get a quick loan for anything, and the company will even pay on your behalf.

You just need to provide the company with a bank account and the money, and they will deposit it in less than 24 hours. A student taking a small loan won’t have to provide a reason, and the company will give you extra days to repay it. Fill out the form on the website, and a representative will contact you within minutes. If not, you’ll be redirected to the lender’s page, and you can choose the most suitable lender.

This portal is good for students doing a small job. The minimum amount you can take is $500 from here, so you’ll at least have something to repay them easily. On the other hand, you can use your federal student loan to repay them. As long as the money comes from clean sources, the company is fine to take it.

While the company won’t ask for any additional documents after you fill out the form, the lender might ask. Do not give them anything you feel is unnecessary to get a loan. On the other hand, Bad Credit Loans won’t share your information with the lender, so you might have to provide the necessary information again.


Variable APR: The company will offer you an APR range between 5.99% and 35.99% based on your loan. However, this range is not fixed; the lender might charge something different, which could be more or less than the given range. The payback period also varies with your amount, but you get a minimum of three months to pay the loan. But again, confirm everything with the lenders as they might change their minds when you take a small loan from them. Thanks to their large lender network, you’ll easily find the most suitable lender.

Your Time, Your Terms: This is an exclusive feature offered by this portal. You can set up your terms and share them with the lenders. They will make necessary changes and show you the updated terms, and if you find them suitable, accept them and continue with the process. However, if you believe your given terms are better, ask another lender or talk to a representative, and they can find you the most suitable lender based on your conditions.

Excellent Customer Services: Since this company has been around for a while and serves many customers, its team knows what problems customers can face and how to tackle them peacefully. Lenders and borrowers often quarrel with each other, and the company has to interfere. Since the lenders’ team is directly connected to the company, they have to maintain a positive borrowers/lenders relationship to keep their image clean. Rest assured, the company got your back if a lender won’t fulfill the contract properly.

Free Services: Borrowers don’t have to pay any charges to avail of the services. The online form is free to fill in; you can fill it out multiple times to check the rates.


  • Protects users data
  • Multipurpose loan available
  • The website contains helpful information
  • Extended lender network
  • Get a loan up to $10,000


  • Some lenders might ask for financial information

=> Click here to visit the official website of BadCreditLoans

#3. CashUSA – Easiest Loans To Get With Bad Credit, Instant Cash Approval


CashUSA is relatively new compared to all others, but they are the most popular within the USA. The rest of the companies offer student loans to anyone, even if they are not a permanent resident of the USA. This company only offers loans to those who have been living in the USA for more than a year and has provided some value to the country. The easiest way to get a loan from this company is to grab a friend who is also a permanent resident of the USA. The company won’t check who is taking the loan and how they’ll use it if the amount is small.

The idea behind CashUSA is to provide an average American with a small loan of $400 on the same day. They charge the same APR as many other companies, but you can request the lender to reduce it. This portal has the most friendly lenders as they all strive to help their fellow Americans.

The online form is easy to fill out and takes only three steps to meet the lenders. You fill out the form, and the website processes it and shows you the best lenders based on your requirement. If you can’t find a suitable lender, you can manually check the lender’s list to see if there is someone available. Sometimes lenders exhaust their resources and stop showing themselves on the list. You can wait or choose the next best lender and bargain the terms and conditions.

The minimum amount you can get is $500, and the maximum they offer is $10000. However, you can ask the lender to increase or decrease the amount, but the terms might also change.


Automatic Payment: If you want to improve your credit score, CashUSA is one of the best personal loan lenders you can ask for. With its automatic payment feature, you can allow the lender or the portal to deduct the installments from your bank. Don’t worry about the security, as this company guarantees that their security is the best. Once you set up this method, the bank will ask for authorization. You have two choices; set an automatic payment without confirmation or authorize every payment first. We recommend choosing the authorization, so you can disapprove the installment if you want money and pay it within the next 14 days.

Different Payment Methods: Typically, the lenders deposit the money in your account, but you can get cash or a check if the lender is nearby. If you want, the lender can send someone else the money on your behalf or make your online payments. Getting the money in your bank first and then using it is unnecessary. You can get the cash, purchase something from the convenience store, or deposit money in your credit card to keep it from freezing.

Take More Than One Loan: You can take another loan to pay the previous one, however, pursue this method only if you don’t have money to repay the loan. While this sounds convenient, every loan you’ll take is more than the previous one because of added interest. Moreover, once you are tangled in this circle, it is quite hard to get out since you are not paying anything from your pocket.

Learning Material on the Website: If you want to learn more about the company, its working, how you can improve your credit score or anything about the loan types, the website has tons of learning material available.

=> Click here to visit the official website of CashUSA

#4. Personal Loans – Emergency Student Loans With Best Interest Rates 


This platform is the best for you if you want a huge amount in a short time. Personal Loans was founded with the idea to provide vast bad credit loans at reasonable APRs. You can get a loan of up to $35,000 if you have enough income because this company doesn’t care if you have a credit score or not.

While most companies have a fixed APR based on the amount, this company keeps changing it. As your principal amounts get smaller, the APR increases, but you can talk to the lender so they won’t treat you this way. The websites mention that the minimum amount is $1000, depending on the lender. They can offer you a smaller, more suitable loan if you agree to the terms and conditions. There is no need to get extra money as you’ll have to pay more interest.

While the lenders will provide you the loan no matter where you are in the USA, you should inform your bank about the loan. In simple words, if you get a loan of $35,000, your bank might keep the money on hold until you clear its source with them. However, you’ll have to do it once, as the next time they’ll know the source and its reasons.

The best part about this company is that it doesn’t interfere with your spending. You don’t have to provide a reason for the loan, just follow the procedure and get the money as soon as possible. The entire process is simple and free of cost; fill out the form and wait for them to find you a lender. Once done, talk to the lender, agree to terms and conditions and get the money.


Partner Loan Available: This might be suitable for all those students who want to take a joint loan. One borrower can apply for the loan and tell the lender that two people will repay it. This can help you get a much larger amount than an average student loan and make it easy to repay. However, you must provide them with two accounts from which the lender can deduct the money. In case one account doesn’t have enough money, the total repayment will be deducted from one account. This might be the only complication here, but if you have a trusted partner, feel free to opt for this option.

Other Credit-Related Products: Personal Loans platform is not just for providing loans but also for facilitating the client’s purchasing. They’ll offer you other credit-related products that are valuable to you. Some products might be 100% free, while some will be available at a discount. You never know; you might find something at a huge discount that you always wanted to purchase. However, such discounts are available on a limited number of products. Also, you must allow the company to share your data with advertising agencies to get such promotions. Don’t worry; the company won’t share your financial data, just the contact information.

APR Calculator on Website: If you want to know how much APR you’ll pay on a loan, a calculator is available on its website. Enter the loan amount and the number of installments, and you’ll see the APR and the monthly installment you’ll have to pay.

Extended Lenders Network: If Personal Loans cannot offer you a lender from its network, they take help from the lenders to see if they can help you get a loan from their extended network or lenders.


  • No early payoff fees
  • Simple and flexible repayment terms
  • Obligation-free rates offered
  • Loans are available for up to $35,000


  • Some lenders charge an origination fee

=> Click here to visit the official website of Personal Loans

How We Made This List Of Student Emergency Loans For Bad Credit?

Here, we compiled a list of companies that offer emergency loans for students with bad credit scores. However, remember that these companies only connect borrowers and lenders. The terms and conditions might differ, so ensure to read everything before choosing. The best part about these companies and lenders is that they can help you pay your federal student loans on your behalf.

Most students are already getting a student loan to go through their studies. These emergency loans can help them overcome sudden expenses. On the other hand, federal loans can be a good option since the government provides leniency in payment. But with already due payments, you might not be able to get federal student aid. At such times, choosing a private loan company is better.

In most cases, students won’t require more than a couple of hundred dollars, and private lenders don’t hesitate to offer such a small loan. Unlike payday loans or credit cards, personal loans have relatively lower interest rates. Moreover, most lends can provide you with small personal loans on the same day or within 24 hours. These loans are suitable options for students as they not only have to wait to get money, but the interest or other charges are low enough to pay easily. Let’s go ahead and see how we manage to find companies offering bad credit student loans.

Higher interest rates and charges are the biggest issues in getting a loan with bad credit. So our priority was to find lenders that won’t charge high-interest rates. Another thing we looked at is that each lender should offer different loans. They should be able to provide personal loans, payday loans, etc.

Their minimum credit score requirement is below 500, considered a bad credit score, so you should be fine with getting a loan. Most federal student loans come with leniency in repayment so that they won’t affect your credit score. We also checked for lenders offering private loans that don’t report your performance to finance bureaus right after the due date. We last checked the deposit time and the lenders we chose; all pay within 24 hours max.

What We Looked For:

  • Lower Interest Rates: A student can’t afford to pay lots of interest on the loan, which is why the government offers them loans at low-interest rates. However, you cannot get a small quick loan from the government. This is why we opt for lenders that are not only offering short-term loans but also a lower interest rate. Typically, small loans come with a very high-interest rate, but these companies are generous enough to help the students. You might need to check multiple lenders in these companies’ networks to find the most suitable one.
  • Payback Period: You’ll be paying back the loan in installments. Typically, every installment has to be made within 30 days, or it will affect your credit score. However, these lenders work a bit differently than others. They won’t send your report to the financial bureaus right away. Instead, they give you grace days to repay the loan. If you pay within the grace days, your credit score will increase.; otherwise, it will decline even more. We checked each company to confirm the flexible payback period before finalizing them.
  • Get Money Within 24 Hours: Since we are talking about emergency loans, we only chose companies offering loans within or less than 24 hours. If you are lucky, you might get the loan on the same day. There are meager chances of your request rejection, so the only thing that takes time is loan processing. Moreover, you have the option to choose how you want the loan.
  • No Extra Fees: Usually, companies charge extra fees for offering a bad credit loan. This significantly increases the overall loan amount that you need to repay. While searching for emergency student loans, we ensured that our choice of companies wouldn’t charge anything more than the interest rate.

Factors to Consider When Choosing a Lender for Student Emergency Loans

Here are some factors you should consider to get an emergency loan. Not every lender is generous, and they might trap you in complicated terms.

  • Brand Reputation

Every online loan provider has hundreds of reviews from its customers and other trusted review portals like TrustPilot. If a brand catches your eye, be sure to learn about it first before proceeding. Check how it treats the customers, how much money it can offer, and what terms and conditions you should prepare for. Moreover, learn about its lender’s network and see which lender is the best in customers’ eyes. If you go prepared, you have fewer chances of getting scammed. Another thing is that you should compare five or six brands before choosing one. That’ll give you an idea of the market, making it easy to decide on one. If you are unsure, our choice of companies is the best in this business.

  • The Amount You Need

Always choose a lender that offers the best terms for the amount you need. Usually, lenders always tell you to get more money so you’ll have favorable terms but do not fall for this trap. If you get excessive money, you might spend it, which is hard to repay. They might offer you promotions or lower interest rates on higher amounts, but you must keep in mind how you can repay the loan. Always opt for companies that can easily provide the required amount without complicating things.

  • Customer Reviews

Since we are talking about money, it is better to check the customer reviews of a company first. Most companies have customer reviews mentioned on their website; some show it when you fill out the form. On the other hand, check the lender rating and reviews to see how well they work with a borrower. These reviews contain actual information about the brand and lenders, which is impossible to find anywhere else. Moreover, check those reviews that are full of details telling a lot about the company and its lenders. Don’t believe the positive reviews if there is only one word written in the feedback or no feedback.

  • Application Process

First, you must check if the company charges for filling out the application. You might need to fill out the application multiple times; a free-of-cost application would be better. Moreover, an application process must be straightforward so a client can easily fill it. So, if you are at a website with a difficult-to-follow online form, leave the website and look for another one. There is no need to spend lots of minutes filling out a form when you can easily find brands with simple forms that won’t take more than a minute.

  • Terms and Conditions

If you want to spend time on something, read the terms and conditions properly. While signing the contract, most people neglect to read them thoroughly, and in the end, they face complications. These terms might contain hidden charges, an increase in APR, or anything else that can facilitate the lender while putting more burden on the borrower. Make sure to spend time on the terms and clarify everything with the lender before proceeding.

Emergency Student Loans FAQs

Q1. Is it useful to take loans from credit unions?

Getting a loan from a credit union is much better if you don’t want to pay fees or lower fees than traditional loan institutes. However, for students, such unions will offer private student loans, which come with the same terms and conditions as given by the bank. You can talk to your union and see if they offer competitive rates and lower fees, so you can have some benefits from taking a loan from a credit union.

Q2. How to get a quick student loan?

Most private lenders offer a student loan within 24 hours if the amount is low. Although, you should watch out for the high-interest rates these private student loan lenders might charge. It is better to check multiple lenders to find the most suitable one; instead of seeing the first lender and starting your contract with them.

Q3. Can I get a student loan with a zero credit score?

The companies we mentioned in our article offer student loans with zero or poor credit scores. They are mainly concerned with how you’ll pay it back. Most students can use their federal loan to repay their private loan, while others can take another loan to repay the previous one. We suggest getting a small job before getting a loan so that you won’t get tangled in the circle of getting a loan to pay a loan.

Q4. How much interest rate should I expect on emergency loans?

The interest rate has nothing to do with how quickly you get a loan. It mainly depends on your credit score and your installments. The interest rate will increase if you choose more time to repay the loan. Moreover, it also depends on the amount, as some lenders charge obnoxious rates on smaller loans and meager rates on large loans. You can bargain with the lender to reduce the interest rates, so you won’t pay a huge sum while returning the loan.

Q5. How fast can a lender offer me a loan?

An emergency loan won’t take more than a day to reach you, but that also depends on the lender. As a student, you might not require a huge sum, so lenders are comfortable depositing money on the same day. If the amount is larger than $5000, then you might have to wait more than two days to get the loan.

Q6. What is the fastest way to get a student loan?

The quickest way to get a student loan is to keep your credit score good and find a reputable company. With a good credit score, most companies won’t pay attention to other stuff and provide you with a loan. The next step is to fill out the online form and wait for approval. Once that is done, choose the most suitable lender, read the terms and conditions, make necessary changes and sign a contract for the loan.

Final Words: How Do I Get An Immediate Student Loan?

Sudden expenses can arrive at any time, and a quick loan can be a lot helpful in such situations. If you are looking for emergency loans for students with bad credit, we shared the four best companies that offer such loans. They can help you get a loan from $200-$35,000. However, as you increase the loan amount, they might require you to show them proof that you can repay the loan easily.

We recommend checking all of them and comparing their lenders to see which offers the most suitable terms and conditions. Once you are satisfied with them, pursue that lender and get your money.

Share this Article