Borrow money for 1 month - various options and offers

Where can I get short-term money for 1 month?

The following are the best options for borrowing money at short notice for 1 month:

Apply for a credit card
Take out a pawn loan
Ask friends or family
Overdraft facility (overdraft limit)

What requirements do I have to meet? Will my credit rating be checked?

Here you will find an overview of the options listed above. You can also get your money without a credit check and without regular income from employment:

	ALSO POSSIBLE WITH A POOR CREDIT RATING	ALSO POSSIBLE WITHOUT EMPLOYER
Credit card	❌	✅ (In exceptional cases)
pawn loan	✅	✅
Friends or family	✅	✅
Overdraft facility	✅	❌

How do I apply for my loan and how quickly do I get my money?

Credit card

To apply for a credit card, you can either ask your bank advisor or contact a credit card company directly, e.g. Paylife or card complete.

You need regular income for a credit card and must therefore be able to prove that you regularly receive money into your account. Unlike a bank loan, this can also be money from self-employment or financial contributions from your family, for example.

The amount of your monthly credit line depends on the amount of your monthly income.

Time to pay out/use: You can use your credit card after it has been issued, which usually takes up to 5 working days.

pawn loan

To take out a pawn loan and automatically borrow money for a month, all you need is collateral. At cashy.at, you can get an instant online quote with an overview of fees and take out your pawn loan immediately.

Your item will be handed over in the store or by post. You will receive your money immediately after handover in cash or as a PayPal or bank transfer.

At the end of the 30-day term, you can extend your pawn loan for another month at any time and decide how long you need the money for.

Time to pay out: Immediately in cash or on the day after receipt of the goods as PayPal or bank transfer.

Ask friends or family

If you need money quickly for 1 month, it is of course a good idea to ask for money from people around you. Depending on the amount of money you need, you will probably get money even without receipts or checking your finances if someone is willing to lend it to you.

Tip: If you do need the money for longer or if it is a large amount, a private loan agreement is a good option as security for you and your lender.

Duration until pay out: Individually according to your agreement.

Overdraft facility (overdraft facility at the bank)

If you have a regular income from employment, setting up an overdraft facility is generally not a problem.

Simply ask your bank manager for the appropriate facility - you will normally be granted a facility for up to 3 months' salary.

Duration until payout/use: You can usually use the frame on the following working day - however, a one-off fee will be charged.

What costs can I expect?

The costs depend on various factors such as the loan amount or the choice of credit card:

Credit card: When applying for a credit card, you pay the annual fee in advance. Depending on the provider, this is between around €50 and €150 per year. Check whether a credit card is included in your account package - then you may be able to get it even cheaper or even for free.

Pawn loan: With a pawn loan from CASHY, you pay the issuance fee (€1-€15 depending on the amount), the custody fee for storing your item (€0.5-€3 per half month depending on the item) and the interest (1.75% per half month).

Friends or family: As a rule, friends or family members do not charge any fees when they lend you money.

Overdraft facility: If you apply for an overdraft facility, you pay a one-off fee to set it up and then between 8% and 15% interest per year, depending on the bank.

ADVANTAGES AND DISADVANTAGES

Of course, there are advantages and disadvantages to each option. To give you an overview and make it easier for you to decide on the type of loan you want, we summarize the advantages and disadvantages below:

Variant	ADVANTAGES	DISADVANTAGES
Credit card	Insurance included Regular credit facility Overview through e-account	Good credit rating required Regular payments into the bank account required Direct debit after value date (often a few days after payment) Payment only possible after the card has been issued
pawn loan	No personal liability Anonymous: No credit check or other verification of the financial situation No incoming salary or bank account required Overview and processing in the online account Immediate payout	Collateral required as security Maximum amount depends on the value of the item
Friends or family	Generally no fees Fast pay out possible Normally no disclosure of financial situation required	Search for donors Disclosure of the financial situation
Overdraft facility	Fast provision Also possible with a poor credit rating	Permanent interest charge if the account remains in the red

WHAT ALTERNATIVES ARE THERE?

If the suggested options are not an option for you, you have other alternatives: