Instant loans could hit your borrowing capacity for a bigger loan

Are you facing a financial emergency? Well, there is help at hand with many forms of loans available in the market to help you tide over the crisis. Instant money could come in the form of personal loans, bridge loans, loan against a credit card, or maybe a ‘payday loan’ where repayment is made when your next salary is credited.

Payday loans: Payday loans, a variant of personal loans, are getting popular in India as you can borrow small amounts instantly. “These loans are offered at a higher rate of interest than a personal loan or loan against a credit card,”