The Corona pandemic has made us all aware of the importance of money in times of medical emergency. Many people have had to face a lot of trouble in arranging money for the treatment of their loved ones during this crisis. At the same time, those who had health insurance cover, they got relief. Medical emergency can come at any time. In such a situation, if you do not have savings, then you can take a loan to meet the cost of treatment. We are telling you about 10 such loan options, which can help you in difficult times.
Emergency Loan Options: Type Of Loan Time Taken To Get Interest Rate
- Personal Loan 2-7 Days 8.90%-26%
- Loan Against FD Instant up to 2.5% above FD rate
- Credit Card Loan Instant 23%-49%
- Gold Loan Same Day 7%-29%
- Loan Against Shares or Bonds One to Three Days 9.05%-18%
- Advance withdrawal from EPF for three days 0%
Save to Avoid Loans
Investment advisors say that the corona epidemic has made everyone aware of health expenses. However, it is not as if one would not have to face a medical emergency in future. At that time it is better to start saving now than to go for debt. Investor can easily manage money for future needs by investing small amount according to his income in investment medium like SIP, PPF, RD. In such a situation, he will not have to worry about the loan at that time and he will also be saved from being burdened with the debt.
