There are always times when you need financial help. Most people would go for personal loans. Remember, everything comes with a price – personal loans require you to pay a certain amount of interest. Here are some of the alternatives to personal loans you might want to consider. 1. Credit Cards. What sets credit cards apart from personal loans is the fact that you are able to get the money straight away. Credit cards usually have lower interest rates too. However, you are responsible over your own spending. On the other hand, taking out cash using a credit card comes along with a withdrawal fee. You might want to think twice before taking out small amounts of money. Making on-time payments is also important to avoid having to pay higher interest. 2. Loans from Friends and Family. These loans are probably the least expensive among all. There is even a high possibility that you are not required to pay any interest. However, these loans are rarely successful as your family and friends might not have the amount of money you need. It also takes some time for them to think about it. They also have the right to not lend you the money at any time they like. 3. Peer Lending. When you lend certain amount of money from an individual, he or she is usually someone you are truly close to. They really trust you – probably they have lent you money before and you pay on time as agreed by both of you. Once both of you have agreed on the on the deal terms, you may get the money instantly. Again the interest may be lower than obtaining a loan from the bank. Read More : http://MyFinance.com.my/articles/detail/7211111405 We also provide other various Financial Information such as, MyFinance Budget Portfolio, Personal Finance, Housing Loan, Personal Loan, Credit Card, Sharper Shopper, Calculators. For more information please visit our website MyFinance.com.my.

2. There are always times when you need financial help. Most people
would go for personal loans. Remember, everything comes with a
price – personal loans require you to pay a certain amount of
interest.

3. Credit Cards

4. Loans from Friends and Family

5. Peer Lending