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Need cash? Medical personal loans can help tide over coronavirus crisis

Your existing bank will give this loan, and rates may be better

Topics
Personal Loan | Coronavirus | loan rates

Bindisha Sarang 



health insurance
You are better off taking a personal loan than racking up credit card debt

  • A can help you meet unexpected expenses and medical emergencies.
  • Getting this loan from your existing bank is easier than from a new lender, during the crisis.
  • Lenders look at your credit score and existing borrowings to assess your repayment capacity.
  • If you are an existing customer, you can apply for the loan on your bank’s mobile app or through your internet banking account.
  • You are better off taking a than racking up credit card debt.
  • The tenure of these can range from one-seven years.
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First Published: Fri, April 10 2020. 13:42 IST

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