Are you in need of money immediately?
Are you dealing with urgent critical situation where you are falling short of finance?
Are you dealing with unexpected high bill amounts or expenses?
Wondering from where and how will you get the immediate money?
Falling short of cash?
Well, we are sure that every person faces such critical situations related to money in one point or the other during the journey of life. Finance Buddha is offering you some important tips with the help of which you will be able to generate money to meet your requirements.
- Instant Personal Loan:-
The instant personal loan can be proven as one of the great help when you are in financial crisis. There are number of banks, Non-Banking Financial Companies, Financial Institutions and many other lander, who are providing the loan to meet the expenses. There are certain simple steps and basic documents that you are supposed to provide to the lender, and that sends your application for the approval of the loan. Once, the loan gets approved, the borrower gets the credit of the amount in the bank account. The way the name states, this loan has the instant approval and disbursal feature. Hence, the borrower gets the money in around 24 hours of the time, once the same gets approved.
- Borrow from Family & Friends:-
You can take a temporary loan from your family members and friends. These are the people, whom a person can trust in the time of financial crunch or crisis. A close person can always understand the situation of the borrower and they always extend the hands to help the loved ones. However, at the same time, one should also make it a point that you legalized and authorized the terms and conditions on the papers. This way, the rights of the lenders and borrowers, can be protected.
- Sell Gold or Silver:-
The Gold & silver are your most powerful investments that can be helpful to generate considerable amount of money in the time of financial crunch. Gold and silver are the metals that have good resell values. You can approach the well-known local jewellers that can give you instant money when you sell of your gold and silver jewelleries or coins. You can even try to sell the same by showcasing them on online selling platforms. Determine the proper, appropriate worth of your gold and silver jewelleries and then only opt for selling them off, so that you can get the price that is worth for your jewellery.
- Loan against Gold:-
The banks, NBFCs, and financial institutions have come up with this feature, under which you can out your gold as a collateral and avail the benefits of the loan. This also offers the instant money provider function. This way you can protect your investment and at the same time, you can get the finances to meet your requirements as well. Such loans also provide lower interest rate as compared to the personal loans, or other loan features available in the market.
- Loan against Fixed Deposits or Securities:-
Instead of breaking the fixed deposits, you can put the FD as a collateral and avail the loan against the same. You can also, avail the loan against the securities such as shares, stocks, insurance etc. Instead of letting your securities and insurance go, you should avail the loan against the same. This way you can secure your investment along with meeting your financial requirements. Also, it lets your investment continue while you have your loan duration on.
- Get an advance pay check from your company or boss:-
If you can explain your situation to your company or boss, probably, they may be helpful for you and they can help you rescue the situation. Specially, when you are working since very long in the organization, the company and the bosses, develop a sense of confidence in your word. If you are able to convince them and if the same gets approved, you can get some advance pay checks that can be helpful for you to survive the situation.
- Sell things that you don’t need:-
In the case of generating the instant finance, you can sell of your old stuffs or may be the stuff which you don’t use or you don’t require anymore. This may include old furniture, clothes, Gift cards, books, vehicle, and many more. You can even try a garage sale for the same. You can approach your neighbourhood and ask them if they are interested in buying the items. If not, you can even showcase such stuff on the online platforms and sell it off once you get the good deal. This can be helpful for you to get rid out of your old, unwanted items by generating good amount of money.
- Sell your art work or crafts work:-
If you are having a good hands on the art & craft work such as painting, then you can create some wonderful work and arrange a backyard or neighbourhood sale. This does not require any kind of money investment and at the same time, can be helpful to generate the money out of the same.
- Return Your Recent Purchases:-
If you have bought something in last couple of months, that you don’t use or you are not planning to use and if you are still carrying the receipt of the same, then you can check the return policies. If the return policy allows, you can opt to return your recent purchases and revive your money.
- Apply for a Payday loan:-
The payday is a short term loan that can be helpful for you to get quick access to the money to satisfy the requirements. It is also called, payroll loan, cash advance loan, salary loan or short term loan. Under this, the cash is provided against the prearranged credit such as credit card. Such loans rely on the employment records of the borrower.