What is an emergency loan?
Unfortunately, bills and expenses aren’t always regular or predictable.
If you find yourself facing an entirely unpredicted expense, your instinct might be to find a way of putting off paying it until you are able to do so from your own cash reserves.
That would be perfectly sensible and responsible. However, there are times when that just might not be possible.
For example, perhaps your car has just broken down and the local garage is asking for immediate payment to fix it. If you rely on your vehicle to get you to work, delaying payment might not be a practical option.
In such a situation and many others like it, you might benefit from being able to get money deposited into your bank account within a few minutes or hours.
Getting money into your account quickly to cope with a crisis is what emergency loans are all about.