These are usually quick loans for small amounts of money that are meant for a short timeframe (normally for a few months). They often come with high interest rates. Loan repayments will be taken from the borrower’s monthly salary. You can use this option for emergencies and urgent cash needs.
Some people are willing to put up their own money to help someone looking for a loan. In many cases, these can be your close friends, associates and family members. If dealing with investors outside your inner circle, ask to see valid identification and try to contact references that can verify the investor’s legitimacy.