In the Corona epidemic, people have learned to cope with financial problems. During the last few months, many employees have lost their jobs, many have been paid their salaries. In such a situation, it is clear that the person will have to face short-term financial stress. Banks may hesitate a little when you have no income. However, even after this, if you want to take a loan, then you can consider some options. In this news, we are giving five such loan options that you can try.
Loan against credit card
Credit card bulges can be availed. Existing cardholders get a loan based on their card type, expense and repayment. Once the cardholder avails this loan, his credit limit will be reduced from that amount. However, some lenders give more than the sanctioned credit limit and loan against the credit card.
Gold loan
Borrowers from gold loans can meet their money needs by monetizing their gold jewelery. The loan can go up to 75% of the value of gold set by the lender and the interest rate starts at around 9.10%.
Loans on PPF
Let us tell you that short-term loan is also available on PPF account. However, this account is available from the third financial year of opening. For this, paper requirements require submission of PPF account passbook and Form D. The loan amount can be up to 25 percent of the balance present at the time of applying.
Personal loan
Personal loan is a very popular short-term loan offered by banks. Its interest rate is higher as compared to the secured loan of the bank.
Digital Top-Up Home Loan
There is also a digital top-up home loan for people with existing home loans. Interest rates are generally lower than other loan options available to the current home loan borrower.
