The spread of Coronavirus infection across the country and subsequent lockdown has affected the income of many people. Many people are facing temporary problems related to money. Due to the stagnation of business all over the country, a large number of people are getting less salary while many people have also lost their jobs. In this time of cash crisis, people are forced to spend money from their savings account. However, a short-term loan can also be taken at this time. Many banks have offered personal loans specifically for the Corona crisis.

7 crore Indians lost employment during lockdown, says report

Most of the banks are offering personal loans to such salaried people, whose salary account is in these banks. If you are already running many loans and your credit score is good, then you can apply for a personal loan offered specifically for Covid-19.

Airlines start booking, tickets booking starts from this day

Due to the lockdown, different banks have set different limits for this. Bank of India, Bank of Baroda (BoB) and Union Bank of India are offering loans up to a maximum of five lakh rupees under this loan offer related to Covid-19. According to PNB's website, the bank can offer a Covid-19 personal loan of maximum three lakh rupees. However, how much you will get depends on the value of your monthly salary or the loan already running.

India will lose 10 lakh crores due to lockdown, economy will sink