Personal Loans
The money from a personal loan can be used for a variety of emergency cash needs (i.e. car repair, home repair) as well as a variety of personal needs.
With a non-secured personal loan, a borrower does not need any collateral - which makes these a popular type of loan for a person with an immediate cash need.
With a secured personal loan, a borrower needs to pledge collateral (i.e. a car, furniture or other valuables) against the loan.
A lender may be able to offer you a lower interest rate if you are willing to pledge collateral.
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Many people in need of money turn to personal loans as a short-term solution to their cash needs.