Option | Collateral required | Money available within 3 days | Potential loan amount provided | Interest rates | Chances of approval |
|---|---|---|---|---|---|
Personal Loans | No | Yes | Medium | Medium | High |
Credit Cards | No | Yes | Low to Medium | High | High |
Payment Plans | No | Yes | Low to Medium | High | Low |
Personal Loans: Unsecured personal loans can be used for financing home improvements. These loans are not tied to your home's equity, however they may have higher interest rates than secured loans.
Credit Cards: Using a credit card can be a quick solution, but be cautious abouthigh-interest rates. If possible, use a credit card with a lower interest rateor look for a promotional 0% APR period.
Payments Plans: Some stores offer financing options for their goods and services. Check with the shop to see if they have any partnerships with financing companies.
