The best occasions to get money loans

This article talks about the best occasions to get money loans from various sources whether online, bank or lending firm, to make the most out of it.

In this day and age, money is one of the most important resources worldwide and regardless of the technological advances by cryptocurrency; cash is still one of the major ways to pay for a product or service in most countries around the world. There are numerous ways to pay with money, whether through credit card, bank transfers or just plain cash; but there is no replacement for cash-on-hand especially on certain occasions.

While savings could help you get some extra cash when you need it most, impairing yourself on some days to prepare for an emergency that may never come. Instead of saving cash, you could do better investing your extra income in order to harvest additional income in the future instead of just staying in your bank or piggy bank stagnating. Money loans can cover whatever you might need on that rainy day.

Pay cash for bulk purchases when discounts are available

One of the best occasions to get money loans are when cash payments are heavily discounted. Sometimes, the discount is greater than the interest you pay for a month or more; so, not only do you get to buy the product you really want, you also get to buy time as you make better use with your cash on-hand.

There are some annual subscriptions that give up to 60 per cent discount for bulk cash payment to avail the whole year worth of services or products, instead of paying for them on a monthly basis. For example, you get a loan for that amount and set it for just two months, then you’d be paying way less than the amount you would originally be giving if you did monthly subscriptions instead.

Get money loans when you’re planning to invest

One of the best things you can do with your money is to invest it on something that has the potential to grow in the future. Like planting seeds in the garden, investments could grow big and strong with the right amount of time, effort, money, knowledge and will power.

However, some once-in-a-lifetime investments could come in a heartbeat and quick investment decisions could lead to long-term returns. When opportunity knocks on your door, it could be one of the best times to get money loans in order to get on-board with an opportunity that could potentially set you up for life. The interest rates would be little in comparison to the gains.

When going on a trip

One of the best times to get a loan is when you’re going on a trip and you’re unfamiliar of the place you’re headed to. Some countries don’t have access to credit cards and online payment centres, and cash is just one of the best ways to pay for everything when you’re travelling. You can easily exchange your borrowed cash-on-hand with the local currency, and spend the day not worrying whether the shop you’re going to eat in would accept your debit or credit card.

You can easily buy items from shops and even haggle for discounts from markets with cash, which is often not possible with credit or debit cards. The interest to pay for the loan would pale in comparison to the comfort, savings and convenience of travelling with money that’s literally in your pocket. You won’t have to worry about hackers and having your credit card information stolen during your trip.

Ben Lobel

Ben Lobel

Ben Lobel was the editor of from 2010 to 2018. He specialises in writing for start-up and scale-up companies in the areas of finance, marketing and HR.

Related Topics

Leave a comment