A hardship loan is a type of loan that is designed to help people who are experiencing financial difficulties. These loans can be used to cover a variety of expenses, such as medical bills, rent, or car payments. Hardship loans typically have lower interest rates and longer repayment terms than other types of loans, making them a more affordable option for people who are struggling to make ends meet.
There are a number of different ways to apply for a hardship loan. Some lenders offer online applications, while others require you to apply in person. The application process typically involves providing information about your income, expenses, and debts. You may also be required to provide documentation, such as pay stubs or bank statements.
