If you need money quickly, one of your best options is to apply for a personal loan. Banks and certain financial institutions can advance funds to a borrower in a matter of days. You don’t need to go through a complicated application procedure. Neither do you need to provide any collateral. All that you have to do is furnish your Social Security number and some other basic information. Based on your requirement and the lender’s credit appraisal process, you could borrow between a few thousand dollars and $100,000. But you need to be careful before taking a personal loan. Don’t borrow just because these loans are easily available. You will be liable to make monthly payments for a period that may stretch up to five years. Additionally, as these loans are unsecured, interest costs can be high.