Financial crisis can come in anyone’s life, in such a time, sudden money may be required. There are some options that can get you loan easily.
The Coron epidemic brought a financial crisis for most people for which they were not already prepared. A large number of people lost their jobs in the lockdown and businesses closed down. How to raise money in a sudden financial crisis is a big question. Today we are telling you some ways through which you can get a loan in an emergency.
Loan on credit card
If you have been paying the credit card bill on time and your credit card history is good, then you will get a loan easily based on the credit limit. Some credit card companies can provide you instant loans beyond this limit.
Loans on
gold can also be taken by placing a gold mortgage in an emergency. RBI gave a big relief in August this year, according to which a loan equal to 90 percent of the value of the gold jewelery or gold coin you have can be taken. Earlier, loans were available up to 75 percent of the gold value.
Loan on PPF is
another easy option to get loan on PPF. The loan is available after completion of three years of PPF account and it is available for a period of six years after opening of PPF account. Loans up to a maximum of 25 percent of the amount deposited in the account.
