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.

Credit cards are one of the available credit line loans. You can easily use them for purchasing goods and services. If you have encountered 0% purchase credit cards, you might think that this is too good to be true.  How do 0% purchase credit cards work? This type of credit […]

In this case your pension acts as an asset much like a house or car. The loan is taken out according to the value of your pension. The downside is that this often involves a long-term payment plan against many more of your pension payments to come. Some companies require that the borrower must buy a life insurance policy that names the company as the beneficiary.