What is the ideal situation when you’re buying something worth a lot of money? Having this amount on your account, isn’t it? Of course, but this is rarely possible. Even if you’re a millionaire, you’ll still not have a billion in cash to buy the stocks you need.

As you get withier, the needs arise. We always want more, so even though someone might have a $500,000 per year salary, they’ll still need a billion to buy an island somewhere in the Caribbean.

This kind of money is only available in the banks. It doesn’t matter how rich you are, if you want to invest, you can’t do it alone in most cases. You’ll only be able to do it if you ask for a loan and do what you must do. In many cases, that means putting mortgages on more assets or signing contracts that will make you pay huge interest rates.

Is there a way to avoid these obligations?

The short answer to this question would be – no. The long answer would be – there’s not only one type of loan, but more, and there’s always a solution if you want to find one. A perfect solution for getting a fast loan without too many obligations, signing documents, and waiting for someone to approve it is the forbrukslån or the fast personal loan.

This is a type of loan that can be given out fast. Just going to the bank and asking for one might result in handing over cash over the counter. All you will need to do is prove that you’re eligible for it. If you are in a working relationship with a company for long enough, and you have a steady income every month, then the bank will be happy to give you the money.

The only problem is that they are not going to provide enough for an island in the Caribbean. It will probably be enough for getting something smaller. If you want to get more money, then the employees will ask for more documents and make you sign tons of papers.

What kinds of personal loans are there?

There are several of these and they are all made to serve the needs of the consumers. Here’s a quick list of all the types of personal loans, and later on we’ll explain what are their pros and cons and which one you might need at the moment. See more about this here.

The types of personal loans are:


The unsecured loan is the best one. You don’t have to sign anything and you don’t have to place a mortgage on anything. The bank won’t ask for any securement to be sure that you’re going to repay your debt. They trust you.

The only thing that’s a problem is that this amount won’t come in great numbers. You can’t ask for 350,000 unless you earn this kind of money regularly. Another thing is that the interest rates may be extremely big compared to other loans. The rates may go from 5 percent and up to 35 percent, which is an amazingly high number.


A secured personal loan is a much better option. You can ask for much greater amounts and the interest rates are not inhumane. All you need to do is put something on the table and sign a deal that will be the property of the bank if you fail to repay the debt.

Lots of people opt for expensive paintings they have in their home, gold nuggets they have in the bank and other property that will be valuable enough for the bank. Of course, there’s the standard and high-appreciated real estate and vehicles. All this may solve your problems.


This is perfect for those who want to have the safety of not having changes in their lives. Getting the fixed rate will follow no oscillations in the banking world and you’ll have the same rate until the loan is paid in full. It is perfect for people who want to plan and don’t like to gamble with what’s going to happen in the future.


On contrary with the previous one, the variable rates mean getting better interest rates now, but they may change in the future depending on the exchange rates, the market, the changes in society, and all kinds of other things.

This type is excellent for those who like to hope and will gamble on it. The interest rates are much better at the start and might get even better in the future. At the same time, they might become worse if some of these changes don’t go in the wanted direction.

Debt consolidation

As the name suggests, this type is used to reconsolidate. Having more loans on different accounts means having different interest rates and conditions. Instead of going through all of them, you can just put everything under one roof getting better payment conditions.


The co-sign is a system in which someone else vouches for you. If you have a poor credit score, you can get your spouse, for example, to be a co-signer and vouch for you that you’ll pay regularly. Combining more people into an entity helps the banks see that you’re reliable.


There are many other names and types. Some of them are payday loans, line of credit, pawnshop loans, and many others. They all have their pros and cons. Its best if you go to the bank, explain your situation to the employees there, and ask them what they think would fit you best. They are professionals, so they’ll find the best solution for you.


Now you know everything about the forbrukslån or the fast personal loan. Have these things in mind when you’re asking for a new one.

If you know what your options are, it’s easy to find the best solution. Do a little more research before making a deal, and be sure that there’s everything for someone if you look hard enough.

By Richard