The financial front is on the boil – be it an individual or a corporate – thanks to the pandemic and its rerun on the economy’s wobbly recovery. The crisis has brought us to a juncture where exigency has ceased to be an accident; it is more of an incident now. Financial emergency can precipitate any day, any moment. It may be professional or medical or, maybe, both at a time.
Standing amid such overpowering uncertainty, one needs to brace for any kind of financial emergency. Often we need to borrow from banks or financial institutions or from some private sources in such trying times.
Gold, known as the safe haven, has been for eons helping us address emergencies, making gold loan the first choice. Some of us also apply for loan against property (LAP). A detailed look into the two options would help us understand their various nuances.
This story is from the May 2021 edition of Outlook Money.
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This story is from the May 2021 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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