A Cash Loan is not a personal loan, it is unsecured but generally short-term, and the amount is comparatively smaller than a personal loan.

Lenders provide a Cash Loan via a credit card or at an ATM of the bank. A Cash Loan on your credit card is an amount borrowed in exchange for your credit limit. Usually, a Cash Loan includes a fee. Since the money is withdrawn based on your credit limit, the total amount withdraws will need to be repaid to the bank together with interest charges.

Cash Loan interest rates are usually calculated monthly and may have a higher interest rate of 10-25% per year. A Cash Loan is relatively easy to obtain; however, the interest is one of the highest among all the loan types.