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They will then be able to withdraw a certain amount of cash, up to their cash advance limit. One option you might consider is a secured credit card, which requires a deposit as collateral. Online loans, also known as digital loans or internet loans, are a convenient and flexible way to borrow money.

This can be especially useful for those who may not have the loans funds to repay a payday loan in a single lump sum. Getting a loan from a bank can be a good option for those who need to borrow a large sum of money or who want to take advantage of a low interest rate. Peer-to-peer lending: Peer-to-peer lending platforms allow individuals to borrow and lend money to one another without going through a traditional bank.