News From Press What are Covid-19 personal loans?

What are Covid-19 personal loans?

The interest rate on COVID loans is lower than personal loans and vary from 8%-15% per annum. The loan term varies from 6 months to 5 years.

ET Apr 27, 2020

1. This is a type of personal loan offered by banks and NBFCs for the specific purpose of tiding over the liquidity crunch during the time of the Covid pandemic.

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