Need a loan to treat Covid-19? You have to take care of these things

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By: Jeet Ghosh

Last Update: 2021-04-21 21:19:19 IST

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Gold loan is available within a few hours of submission of the application. In these loans, gold is kept with the lender as security. This loan is also available to those whose credit history is weak. Also, the interest rates are also low.

If you have to be hospitalized due to Covid-19, then even if you have taken insurance policy cover against Covid, you must keep some cash with you. Covid-19 has turned into a public health disaster in many big cities at this time. In the national capital Delhi, the positivity rate has reached 33 percent. There are reports of shortages in other big cities too, from hospital beds to oxygen cylinders. In such a scenario, you are required to have cash irrespective of the insurance policy.

For example, if your insurance takes some time to settle your claim and the hospital asks you to deposit some money to start treatment, then you should have cash. You may have to pay part of the bill yourself, as insurers do not cover some of the costs of covid treatment.

Suppose if the hospital is full of patients and you do not get beds, then you may have to be admitted to a non-network hospital as well. You may have to do this even if the oxygen supply is not smooth. If you do not have the cash to bear such expenses, you can also borrow or borrow.

You can also fill a hospital bill using a credit card, as plastic money is accepted in most hospitals. However, interest on revolving credit can range from 30-49 percent. To make payment easier, cardholders can also ask the lender to convert the amount to EMI.

A personal loan is better than paying a large bill with a credit card. It will be easy to get a bank from the bank where you have your account. The pre-approved limit will make this process easier and quicker. You can get this loan in a few hours. The rate of interest in such loans is usually between 9 and 16 percent.

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