The idea that “accidents happen” is a fact of life. No matter how careful you are, no matter how well you save, you aren’t immune to financial emergencies. When something bad happens, it may leave you wondering if it’s possible to manage your finances to deal with the situation without bankrupting yourself.
Most people apply for an emergency loan in their time of need. An emergency loan means you get the money as quickly as possible so you can handle what’s happening. Much like any other loan product, an emergency loan has certain terms and conditions to follow, including interest rates and loan length.