The requirement of money can arise at any time. You may suddenly need money. In such times, people usually do not care about the interest rate at which they are getting the loan, they just want to fulfil their immediate needs. No security is kept for taking a personal loan and this is the reason why this loan is the most expensive one. Meaning its interest rates are said to be the highest. Despite this, people go for it whenever there is a need for money. Before giving a personal loan, lenders assess the borrower's credit record and ability to repay the loan. However, if a little patience and prudence are used, money can be arranged at cheaper rates than personal ones. Check these alternative ways given ahead to get a loan cheaper than a personal loan: