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Banks launch covid-19 personal loans. Should you go for it?

India covid-19 outbreak pandemic travelers
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If you have a salary account or an ongoing loan for which you haven’t missed a single EMI in a public sector bank, you may be able to avail a new personal loan product called covid-19 personal loans.

Priced lower than most other personal loans, it aims to help you tide over any temporary crash crunch you may be facing due to the pandemic.

Some of the banks offering covid-19 personal loans include Bank of Baroda (BoB), Punjab National Bank (PNB), Bank of Maharashtra (BoM) and Bank of India (BoI). “This lockdown status may create some temporary liquidity mismatch and to overcome the same, the bank has launched a new personal loan scheme for its existing quality retail asset customers with relaxed assessment norms and a lower rate of

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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