The outbreak of Covid-19 has thrown our lives out of order.
Many have had to face health-related emergencies along with financial uncertainties, pay-cuts and, in some cases, job losses, too. So, at a time like this, when you are in need of immediate cash, one option is to liquidate financial assets such as mutual funds and fixed deposits.
If you are reluctant to liquidate them, you can alternatively get loan against your financial assets. These include loans against fixed deposits (FDs), shares, mutual funds (MFs), national savings certificate (NSC), Public Provident Fund (PPF), Kisan Vikas Patra (KVP) and life insurance policy. This may work out to be cheaper, in terms of interest and other costs, than personal loan or loan against credit card.
Most of these loans are processed either completely or partially online (where a bank representative comes home or you visit the nearest branch to get the process