Need Money Urgently? 9 Ways You Can Get Fast Cash

Need Money Urgently? 9 Ways You Can Get Fast Cash

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Looking for quick ways to get cash (without putting your skills to use)? In this article, we will give you 9 ways you can get fast cash.

Emergencies arise out of nowhere, and we are seldom prepared for them. An emergency fund can help you out in situations where you need money urgently, but find yourself out of funds.

An emergency fund is usually a sum of money kept aside to be used in case of financial emergencies. It should ideally comprise three to six months worth of expenses.

But that’s for next time. For your current cash crisis, let’s see how you can get fast cash almost immediately. We’ll explain what your options are, why or why not you should choose them, and how you can go about doing so if you wish to avail yourself of these.

Need Money Urgently? 9 Ways You Can Get Fast Cash.

Without further ado, let’s dive into your options below…

  1. Get a personal loan

  2. A personal loan is an unsecured loan that can be used for a variety of reasons. It comprises many loans, ranging from fast cash loans to borrowing from relatives and even banks.

    These are one of the most commonly used methods of getting fast cash loans, and with good reason. You don't need any collateral to get personal loans, and you can get them quickly disbursed to your bank account.

    Although, you should pay them back in time to maintain your CIBIL score, and remember that you cannot claim tax benefits as you could with home or vehicle loans.

    There are digital lenders like KreditBee that can help you get personal loans quickly and conveniently. All you have to do is ensure your eligibility. Here are some eligibility criteria and documents you’ll need:

    1. Photo
    2. PAN card (ID proof)
    3. Aadhar card or passport (Address proof)
    4. Indian citizenship
    5. Age range from 21 to 45 years
    6. Monthly income of more than ₹10,000

  3. Try P2P lending

  4. Peer-to-peer lending (P2P lending), as the name suggests, is a way to borrow money directly from lenders on platforms without any middlemen. There are numerous digital platforms that facilitate lending and borrowing in this manner. You can get a loan in a more simple and easy manner with better terms and a seamless approval process. The only caveat here is that your risk factor is higher than normal or digital lenders due to an absence of middlemen. Although, you can get a loan with lower credit scores through this method.

  5. Sell your unwanted possessions

  6. If you have some assets lying around your house or warehouse that you don’t use and they do not bring any income, consider selling them to get an influx of immediate cash for your urgent needs. There are multiple places, both online and offline, where you can sell such old or unused/preloved possessions and the best part is you can sell almost anything. Also, you don’t have to pay back these funds like you would a loan.

  7. Withdraw cash using a credit card

  8. Before we dive into this method, we would like to maintain that this should be one of your last resorts, but you can use your credit card to withdraw cash or use your credit limit to its fullest in case of an emergency. It is very easy to get cash from your credit card. All you have to do is go to an ATM and use it as you would use your debit card. That being said, the interest rates on this loan are higher than most forms of credit, so make sure you pay it back as soon as possible in full.

  9. Avail a payday loan

  10. A payday loan is a short-term, high-interest loan that is extended by lenders or apps to employed people based on their income. It is usually issued for a term of one month or paid back in one instalment whenever the person’s next salary is due. If you don't mind the high interest rates charged by lenders, it's a great way to get a quick loan and is easily available on most loan apps.

  11. Sell your stocks

  12. One easy way to get quick cash is to sell your stocks. You can sell your stocks and even make a profit if your assets are worth more than what you paid for them. In our humble opinion, though, it’s better to sell stocks that are growing at a stable rate. Volatile stocks might be better for your portfolio if you think they might bring better returns in the long run. You can easily liquidate your stocks on your trading platform itself and get the funds directly into your bank account.

  13. Borrow money from friends/family

  14. This is one of the oldest lending methods to exist and can work out extremely well if you set the terms of repayment beforehand and abide by them. Borrowing from your friends and family in a time of emergency is a quick and easy way to get fast cash instantly. The benefit here is that you don’t have to pay interest and can work out a very convenient repayment plan that works for both parties. All you need to do is ask them. No documentation or application is necessary.

  15. Get a loan against your PPF account

  16. If you have a PPF account that is more than 3 years old, you can avail yourself of a loan against it. The benefits of this loan are that you are not required to pledge any assets against it and can repay your loan in 36 months. The thing to keep in mind here is that you cannot get a loan against the full amount in your PPF account; only a maximum of 25% of the sum available at the end of two years, immediately before the year for which you request a loan, can be availed.

  17. Borrow funds against your life insurance policy

  18. Your life insurance policy also functions as collateral in case of emergencies. You can easily avail yourself of a loan against it. A lot of financial institutions provide this facility, and you can contact your insurance provider for more details as well. The benefits of this loan are that you do not have to withdraw any amount from your policy prematurely, can enjoy the loan for the full term of your policy, and enjoy lower interest rates than a personal loan. Some things to remember, though, are that you can only choose this as an option after 3 years from the start of your life insurance policy. After three years of coverage, you can apply for 90% of the surrender value.

    So, there you have it: nine simple ways to get quick cash with the least amount of effort and collateral.

Surrender Value: It is the amount the policyholder gets from the life insurance company if he decides to exit the policy before maturity.


Even though we just gave you nine ways to get out of a financial emergency, you should probably prepare for the next emergency so you don’t need to resort to the list above.

You can prepare by:

  1. Starting a budget,
  2. Making a financial plan,and
  3. Saving up for emenrgencies

It is always better to be prepared, but there are times when no amount of preparation, budgeting and mindful management of funds can come to your rescue. In those times, the 9 ways listed above can help you - and that too quickly.


KreditBee As a market leader in the Fintech industry, we strive to bring you the best information to help you manage finances better. These blogs aim to make complicated monetary matters a whole lot simpler.