What is an Emergency Loan?
An emergency loan is a type of personal loan that offers emergency cash immediately, or at least very quickly. This fast access to funds can help you cover unexpected expenses, such as an unforeseen medical bill, urgent car repair, or other financial setbacks.
Tower Loan can help you find emergency loans near me and offers emergency loans online for convenient, quick access. Our emergency loans are a practical solution for individuals who need money without delay and desire the flexibility of fixed monthly payments to repay a personal emergency loan over time.
How to Apply for an Emergency Loan
You can apply for a debt consolidation loan from Tower Loan in a few ways.
- Apply Online
- Complete your emergency loan application entirely online by clicking here! For those that qualify, you may be able to even sign your documents electronically & have the funds deposited into your checking or savings account without ever having to step foot in an office!
- Apply Over the Phone or In Person
- We also take pride in offering top notch customer service at our physical branches near you. With over 250+ locations, you can use the branch locator below to find the address or phone number for the branch nearest you and apply either in person or over the phone!
Emergency Loan Application Requirements
- Applicants must be at least 18 years of age (19 in the state of Alabama)
- Must reside in one of the areas Tower Loan services
- Must be employed or have a regular source of income
The Benefits of an Emergency Personal Loan
There are many reasons why people seek emergency lending and apply for emergency loans online. Here are some of the main benefits to consider when it comes to emergency personal loans.
Quick Access to Funds
Many emergency loan lenders offer same-day or next-day funding, which can be helpful if you can’t wait to pay for an unexpected expense.
Flexibility in Use
Our emergency lending offers flexibility in how you use the emergency cash immediately. Therefore, you can apply the funds where they are most needed with few restrictions.
Avoid Depleting Your Savings
Another benefit of emergency loans is that you won’t deplete your savings account or have to dip into a retirement account or other emergency fund. Instead, you can simply borrow some emergency money and pay it back over time.
Predictable with Fixed Repayment Terms
Our emergency loans online come with fixed repayment terms, offering you predictability in your monthly payment schedule to make budgeting easier.
Potentially Build Your Credit
Making on-time payments on your emergency loan can help you boost your credit score, as it demonstrates to lenders that you can manage debt responsibly.
Ready to apply for an emergency loan?
Have questions?
Contact your nearest Tower Loan location today.
Our dedicated team members are here to serve and help every customer in a professional manner.
How Does an Emergency Loan Work?
Emergency loans give you access to fast funding so that you can cover sudden, unplanned expenses. Rather than relying on high-interest credit cards or payday loans, emergency money from Tower Loan sets you up with a lump sum up front, then a fixed monthly payment schedule to fit within your budget.
When you’re searching for emergency loans near you, our flexible and affordable options can give you peace of mind, knowing you'll always understand how much you owe, even in tough situations.
When Should You Consider Getting an Emergency Loan?
Emergency lending may be the right option for you if you are suddenly facing an unexpected expense that you can’t afford and aren’t sure where to turn. If you need emergency cash immediately, an emergency loan can help you avoid further financial stress and prevent you from falling behind on your other bills.
Here are some common scenarios in which an emergency personal loan may make sense:
- An injury or illness that results in unexpected medical or dental expenses
- Urgent car repairs you need to make to get to work or school
- Home repairs that can’t wait, such as a failed HVAC, plumbing, or appliance issue
- Backup coverage for essential bills after you’ve lost your job
- Any other urgent expense that requires upfront money
Emergency Loan FAQs
Tower Loan is a trusted and reputable provider of emergency loans online that you can rely on when you face a crisis. Here are our answers to the most frequently asked questions our customers have about emergency lending.
What is the best way to borrow money in an emergency?
You can quickly apply for emergency loans online through our website. You can also visit or call a branch location near you. We’ll promptly review your financial details and advise how much you qualify for.
What do most people use emergency loans for?
You can use personal emergency loans for almost any type of unexpected expense when something unplanned happens in your life. Many people use emergency loans to get quick money for medical bills and to afford car and home repairs that they can’t wait to save up for.
How long does it take to get an emergency loan?
At Tower Loan, we can typically disburse your funds to you in under an hour. We have over 260 branch locations to help you get the emergency money you need.
What qualifies as an emergency loan?
We provide fast emergency lending regardless of what type of circumstance you’re dealing with. You can use our loans for any need you have, in an emergency situation or otherwise.
Why Choose Tower Loan?
Tower Loan has been helping our customers since 1936. Since all of our loans have equal installment payments, there’s no worry with getting lost in revolving debt. Tower Loan has over 260 locations to serve you locally. We take pride in servicing our customers with the best customer service around. We listen carefully to your needs to make sure we take the worry out of obtaining credit. You can count on Tower Loan to continue our customer services just as the date we first met. We specialize in taking care of all of your financial needs.
What to Expect With Tower Loan?
Our interest rates & APR vary based on a variety of factors. Once approved, your emergency loan specialist will go over this process along with term options that best fit your lifestyle. Here is what you can expect:
1) Complete an application. This can be done online by clicking here or you can call or visit one of our local branches near you. We’ll request some of your personal, financial, and employment information to provide an immediate decision on your loan application.
2) Verify your information. If you completed your application online, you may be able to answer a few identity questions to do this. Otherwise, you’ll be visiting the closest office near you to have a loan specialist verify your identity, income, and collateral (if applicable) as well as discuss your loan options.
3) Sign and receive your funds. For the online loans, after choosing your term options, you can sign your documents electronically, then expect the funds to be deposited into the account you’ve provided. If in the office, you’ll review and sign your loan documents there, then will be provided a check with the proceeds from your loan. Then, you’ll be all set!