Strategic Methods For Difficult Financial Seasons: Same Day loans

12:32 PM | 5 Oct, 2023
Strategic Methods For Difficult Financial Seasons: Same Day loans
Source: File Photo

Have you ever heard the saying, “Money makes the world go round”? This phrase simply means that money is essential for many aspects of our lives. In the economic system, it’s an essential commodity because it’s the general means of exchange. Between investors and savers, money enables an efficient transfer of resources.

In any financial endeavor, circumstances may arise and there’s an instant need for cash, quick loans step in as a helping hand to reach those goals and bridge the gaps. And it’s this system of quick loans that has allowed many companies, businessmen and entrepreneurs to move forward.

Contrary to what most people think about getting a loan, especially quick same-day loans, it does not have to be a time-consuming process where you have to submit tons of paperwork, go through various authentications and then wait, and see if you’re approved or not; now there are organizations where you can apply for a loan and receive the money in your account the very same day!

If ever you are faced with unexpected events that don’t allow you to pay back your loan(s) as intended, you needn’t worry as there are a number of debt consolidation companies that can negotiate the payback terms on your behalf making it manageable. As you can see, quick loans don’t have to be a death sentence.

Loan safety nets

Loans shouldn’t be seen as a dangerous venture intended for irresponsible individuals, but rather as a strategic move for a better outcome. If one were to look into the financial history of successful businesses and companies that have been present for decades, you’ll find that loans came to the rescue in many unforeseen circumstances - if nobody tells you, you wouldn’t know.

But in the unlikely event that one gets stuck and can’t pay back the money they loaned, there are still solutions. In worst-case scenarios, there are also debt relief loans. 

Debt relief consists of helping an individual pay their debts by lowering the interest, forgiving a part of the debt, increasing the payment plan over a longer period, or in some cases, canceling the debt if it gets too difficult. For individuals who have multiple debts at a time, there are debt relief companies that can bring these multiple debts down to one debt at a lower interest rate.  

A faster loan option

There may be situations where a 48-hour wait for a loan approval will just not do. You may start to think of a list of many situations or examples where there is an urgent need for cash because of an emergency (personal, studies, health, business, vehicle purchase, etc.) but that’s not the topic of the day, let’s get into the specifics of what a same-day loan is.

A same-day loan allows you to get money easily and quickly the same day that you apply for one. Because of its fastness, many same-day loans are done hassle-free online rather than at a bank which requires some paperwork and some patience. Not to rule out this option entirely but, some banks and credit unions do offer same-day loans at affordable interest rates.

Now, according to the service provider you choose, paying back the loans could take a few weeks or a couple of months. This depends on your means and how flexible you are financially. Here’s a list of a few same-day loans:

Payday loans

Payday loans can come in handy when you need a little financial boost for the month. This loan allows you to get cash quickly without a credit check. Once the money is delivered, you are expected to refund the amount with interest by your next paycheck. 

You can access a payday loan through an online application or at selected storefronts. Usually, you can borrow up to $500, and the person/institution who lends the money will normally ask for bank account details or a blank check during the application process.

Pawn Shop loans

Pawn Shop loans are concluded when you give something of value (jewelry, electronics, heirlooms, cars, etc.) as collateral. The value of the items you bring will determine the amount of money you can borrow and the lender will give the item(s) back once you have paid what you owe. Once again, the interests, estimated due date and repayment conditions vary from pawn shop to pawn shop.

Title loans

A title loan is when an individual gives their car as collateral. The person/institution that borrows the money gets to keep the title of the car until you come to pay back the full amount. You’ll just have to make sure that the payback conditions suit you from the beginning.

Credit card cash advance

If you’ve ever found yourself unable to pay items or bills with your credit card(s) or you simply need a cash injection for an emergency, applying for a cash advance from your credit card might be a quick and easy solution. 

You can access the money from a bank or credit union, or if you have a card PIN you could withdraw from the nearest ATM - this might be the simplest option. You’ll just need to provide a small fee beforehand.


Pakistani rupee remains stable against US dollar, Euro, Pound and other currencies

Pakistani rupee remained stable against US dollar, and other currencies in the open market amid strong economic cues.

Dollar Rate in Pakistan Today

On Sunday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.

Euro moves down to 309.9 for buying and 310.5 for selling. British Pound rate stands at 359.4 for buying, and 360.05 for selling.

UAE Dirham AED also moved down to 77.45 whereas the Saudi Riyal drops to 75.82.

Today’s currency exchange rates in Pakistan – 3 December 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.15 287.95
Euro EUR 309.9 310.5
UK Pound Sterling GBP 359.4 360.05
U.A.E Dirham AED 77.45 77.6
Saudi Riyal SAR 75.82 75.97
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 759.94 767.94
Canadian Dollar CAD 209.99 210.49
China Yuan CNY 39.78 39.88
Danish Krone DKK 41.95 42.05
Hong Kong Dollar HKD 36.38 36.48
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.39 935.39
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 742.16 750.18
Qatari Riyal ‎QAR 78.5 79.2
Singapore Dollar SGD 212.45 212.95
Swedish Korona SEK 27.09 27.19
Swiss Franc CHF 325.38 325.88
Thai Bhat THB 8.05 8.09

Gold prices increase in Pakistan; check out today gold rates in Pakistan - 3 December 2023  

The price of gold increased by thousands of rupees due to an upward trend in the international market.

Gold Rates in Pakistan Today - 3 December 2023

On Sunday, the price of a single tola of 24-karat gold stands at Rs219,800 and 10 grams of 24k gold costs Rs188,450.

Meanwhile, single tola of 22 Karat gold costs Rs201,482, 21 karat rate costs Rs192,325 and 18k gold rate is Rs164,850.

Globally, gold prices hover at around $2072, gaining $32 on Sunday.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 219,800 PKR 2,730
Karachi PKR 219,800 PKR 2,730
Islamabad PKR 219,800 PKR 2,730
Peshawar PKR 219,800 PKR 2,730
Quetta PKR 219,800 PKR 2,730
Sialkot PKR 219,800 PKR 2,730
Attock PKR 219,800 PKR 2,730
Gujranwala PKR 219,800 PKR 2,730
Jehlum PKR 219,800 PKR 2,730
Multan PKR 219,800 PKR 2,730
Bahawalpur PKR 219,800 PKR 2,730
Gujrat PKR 219,800 PKR 2,730
Nawabshah PKR 219,800 PKR 2,730
Chakwal PKR 219,800 PKR 2,730
Hyderabad PKR 219,800 PKR 2,730
Nowshehra PKR 219,800 PKR 2,730
Sargodha PKR 219,800 PKR 2,730
Faisalabad PKR 219,800 PKR 2,730
Mirpur PKR 219,800 PKR 2,730


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