Live life at your own terms - fit to Pocket personal loans

Posted by Trishya Sharma on October 17th, 2019

Every salaried employee, freelancer, or self-employed person faces a cash crunch at some point in their career. With sky-rocketing costs of commodities and essential supplies, it is difficult to manage expenses till the end of the month. Especially professionals who have to work in a city different than their permanent resident, they need to pay additional rent and bear the costs of commodities single-handedly. At times they find themselves in situation that are not so financially pleasant. How can you handle a situation like this?

Advance salary loans are simple unsecured loans acquired for a shorter duration. You can pay the amount back when your next salary comes in. The credit requirements are low and the application procedure is hassle-free.

Let’s see how advance salary loans can help you manage your expenses instantly. Read more to know what’s the difference in a personal loan and advance salary loan.

In What Situations You Can Utilize an Advance Salary Loan?

It is a common notion that personal loan or advance salary loan can only be acquired for specific reasons such as for business. However, in reality, personal loans and advance salary loans have several use-cases. We have explained some below. Analyze to understand when can you take a personal loan and when advance salary loan can be taken

1.     Medical Expenses

If you have a lot of medical expenses due to some emergency or health condition, advance salary loan or personal can help you clear the dues instantly. You can repay the loan amount in EMI or whenever you have the money in the next 3 to 12 months.

2. Expensive Commodities

Sometimes, we know we need to save first to buy an expensive product such as a laptop. But, what would you do when you really need the laptop? For instance, when your child is going off to college and he is pursuing computer science engineering. It is not possible to send him off without a laptop. Advance Salary Loan will help you buy one and you can as well choose to keep the duration of loan 3-9 months.

3. Home related expense:

When you are facing trouble during sudden high electricity, telephone bills, an advance salary loan can instantly offer help. Also, if you have recently discovered termite damage, leaking roof, or damage to the bathroom’s drainage, you need to fix it quickly. When you don’t have enough funds to complete this repair, you can take a personal loan or advance salary loan for the short term.

4.     Vacation Expense

Should you go on a vacation by taking a personal loan Online? Probably not. But, can you plan a Holiday Loan or an Advance salary loan? Sure. An advance salary loan is not similar to a long-term personal loan. This loan is short-term and can be repaid as soon as you receive your salary. In fact, taking an advance salary loan for vacation keeps you from disturbing your financial structure for months. You can choose the longest pay cycle and save some amount every month without hampering your cash flow.

In situations like these, you can take an advance salary loan to meet your instant money requirements.