Make money sitting at home
How to earn money: Coronavirus Pandemic has kept many people worried and worried. Due to this, there is loss in all areas. Investors are also worried about profits. Income means are falling and expenses are increasing.
1. Earn money by renting space at your home
E-commerce companies can earn money by renting space at their home. These days many e-commerce companies keep bringing such schemes for local entrepreneurs, in which you can earn lakhs of rupees by renting your house. The size of a typical store can be 250 square feet or even less. If you have that place in your house, then you too can earn money. Local owners are required to deliver products to customers within a radius of 2 to 4 kilometers and deliver 20 to 30 packages per day. This can help you earn 18,000-20,000 rupees per month due to delivery based charges.
Also read- Gold Prices Today: Buy gold now cheaply, soon it will be beyond 48 thousand! Quickly check latest rate? 2. Investments in stocks, bonds and mutual funds
Stocks, bonds and mutual funds help you overcome financial problems in the long run. But can you get some cash without selling them? Yes, it is possible. Most banks allow retail customers to get loans of up to Rs 1 crore immediately by pledging their stake in mutual funds, stock and bond loans and equity schemes. NBFCs can give up to Rs 20 crore. The minimum loan amount starts from Rs 50,000. The loan amount can be between 50-80% for mortgage protection.
3. Use Your Car
If you are facing financial crisis then you can earn money without selling your car. For many people, the car is part of their dream. But in a difficult situation, a property like a car can be used to raise money. You can fulfill your financial need by taking a loan in lieu of a car. It usually starts at Rs 1 lakh. Top banks provide up to 50% of the original value of the car as loan. It usually includes minimal documents and is easy to find.
Also read- This government company is giving a chance to open CNG pump! There will be hefty earning, know how and where to apply?
4. Take advantage of life insurance
Use your PPF, life insurance policies to get a cheap loan. After opening a PPF account, you can get a loan from the third year and up to the sixth year. In the case of a life insurance policy loan, the policy loan is issued by an insurance company using the cash value of that person’s life insurance policy as collateral. If the cash value of your policy is sufficient, then the funding can be from 1 to 5 crores. Typically, policyholders can get a loan equal to 80-90% of the surrender value of the policy. This loan can be availed for 3-5 days with minimum delay.