home loan in February at a housing finance company, but his application was rejected recently. The loan processing got delayed when Shivhare, an animation expert at a startup, changed his job in March and the country went into a lockdown.
In May, he reopened the process, but a few days later his loan application was rejected. “They denied the loan saying the norms had changed," said Shivhare, who was not given a specific reason.S.C.
Upadhyay, 54, who lives in Surda, a small town near Jamshedpur, Jharkhand, applied for a personal loan with the same public sector bank with which he has had a salary account for the past 12 years.