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Covid-19: Look for cheap loan options to raise cash as banks turn cautious

Go for secured credit options and make the most of assets like gold, house, car

Topics
Coronavirus | loans | car loan

Bindisha Sarang 



loan, banks, savings, investment
It is best to look at instruments that can provide you with immediate liquidity without much hassle

With job losses, pay cuts and business failures, especially in the micro, small and medium enterprises becoming a norm in the wake of Covid 19 pandemic, many people will be looking to raise funds. However, banks, on their part, are becoming more cautious while sanctioning uncollateralised . In such circumstances, it is best to look at instruments that can provide you with immediate liquidity without much hassle, and more importantly, at a low cost.

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First Published: Wed, June 24 2020. 00:16 IST

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