Credit unions, banks, credit cards, margin accounts and 401(k) plans offer ways to borrow money, explains Investopedia. Banks are a common source for borrowers who want to finance homes or cars.
Banks allow consumers to borrow money for a variety of products, including mortgages, construction loans and personal loans, states Investopedia. In some instances, credit unions are nonprofit enterprises and can lend money at lower rates than traditional banks. Credit unions often charge far less than banks in fees associated with borrowing money. Credit cards are a great way to borrow money if an individual needs fast cash. However, credit cards are not a good source of funds for long-term borrowers.