The impact of COVID-19 on lending and borrowing

The COVID-19 pandemic has had a significant impact on lending and borrowing. With millions of people losing their jobs or experiencing financial difficulties, the demand for loans has skyrocketed. At the same time, banks and other lenders have become more cautious about who they lend money to, resulting in tighter lending criteria and higher interest rates. People are finding it harder to access credit, and those who do are often paying more for the privilege. Lend Me Money has become a common plea in many households. As the pandemic continues to affect the global economy, the long-term impact on lending and borrowing remains uncertain.