What Should I Do if I Need Emergency Funds Quickly?

Here are some options to consider if you need emergency funds quickly:

• Apply for a gold loan: This can provide funds in as little as 1 day by pledging your gold jewellery as collateral. Minimum documentation makes it faster to avail.
• Opt for a personal loan from your financial institution: Existing good credit history with your lending institution can help get faster approval. You can also check for pre-approved offers.
• Consider a payday loan: These provide funds on the same day but charge very high interest rates. It is advisable to use this only as a last resort.
• Use your credit card for a cash advance: You can withdraw cash from ATMs permissible up to your card's limit. Fees apply, and interest charges are high.

While there are multiple ways to arrange emergency funds quickly, such as personal loans, credit card advances, payday loans, etc., a gold loan can be a more feasible financing option.

Nevertheless, assess each option carefully before choosing one that works best for your specific need and repayment capability."