5. Loan against investments

When you are in need of cash, you can also use your investments like shares, mutual funds to get some financial aid. And here you are not advised to sell out your investments, but for using them as security for taking loans. But you should remember that all shares and mutual funds do not quality as security for taking loans. And the bank and financial institutions would have their own list of approved mutual funds and shares on which they provide loans. As the market value of these assets fluctuates from time to time, banks may provide you loan about 80 percent of your assets value.

6. Loan from employer

Sometimes, you can also approach your employers for providing you loans. And after he grants you loan, the repayments on these loans would be adjusted against your salary. You can also ask your employer to provide you cash advance on salary, which you can be use to address an urgent financial need. These options are better compared to taking a personal loan. As there won’t be any interest rate charged against these loans and not of much processing time and paper works would be involved.

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