Covid-19 emergency: Need funds but can't borrow? Here are some options

Many Covid-affected families are borrowing money from banks to meet urgent fund requirements. However, banks may not entertain all urgent loan requests. If you have failed to borrow from banks, here are some options that you can explore.

The need for urgent funds has spiked during the ongoing Covid-19 crisis, which has led to a rise in hospitalisation and treatment costs. The cost of procuring critical medicines and oxygen has also gone up due to an acute shortage. Many Covid-affected families are borrowing from banks to meet urgent fund requirements for treatment and hospitalisation. However, not all urgent loan requests may be entertained by banks due to poor credit score or a high amount of existing loans. Here are some options that individuals can explore for urgent funds if their bank loan request has been denied or put on hold: