5. Loan against investments

Investments in shares and mutual funds can fetch you money in case of an emergency. These investments cannot be liquidated and they can also be used as a guarantee for taking loans. Wait! Do not think that you can pledge all the shares and debentures to avail loans because most of the lending institutions have their own list of approved mutual funds and shares on which they provide loans. Also, as the value of these assets varies day by day the banks usually keep a high margin while providing loans against them. Thus, for shares that are worth 5 lakh, loans provided for amounts much lesser than 5 lakh.

6. Loan from employer

Asking your employer for a cash advance on salary is one of the best options at time of some financial needs. Sometimes, even employers provide loans to their employees and the repayments on these loans are adjusted with the salary of the employee. Most of the employers would give their employees loans at very low interest rates that range from 4 percent to 10 percent per annum. The best part of such loans is that they have minimum conditions attached.

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