The Corona epidemic brought an economic crisis for most people, for which they were not already prepared. A large number of people lost their jobs and lost their jobs in the lockdown. How to raise money in a sudden financial crisis is a big question. Today we are going to tell you some ways by which you can get a loan in an emergency.
Credit card loans
If you pay your credit card bill on time and you have a good credit card history, you can easily get a loan based on credit limits. Some credit card companies may offer you instant loans beyond this limit.
Loans on gold
Loans can also be obtained by pledging gold in an emergency. The RBI had given a big relief in August this year, according to which if you have a gold ornament or a gold coin, you can take a loan of up to 90 per cent of its value. Previously, loans were available up to 75 per cent of the value of gold.
Loan on PPF
Another easy option to get a loan is a 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 can be availed up to a maximum of 25% of the amount deposited in the account.
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