Public sector banks are offering personal loans of up to ₹5 lakh for the covid-19 treatment. Typically, personal loans from PSBs charge 14-18% a year. Canara Bank offers a similar Suraksha personal loan with the minimum and maximum amount of ₹25,000 and ₹5 lakh, respectively. Even last year, public sector banks had launched covid-19 personal loans. While the personal loan for treatment of the covid-19 is available at cheaper rates, opt for them only if you are facing a temporary cash-flow problem.

Source: Mint May 31, 2021 14:37 UTC