Published on 11/13/2018 12:12 pm
Features Of Getting Loan Against Shares

Financial urgencies may not only hamper your morale but lead to an unnecessary cycle of stress eventually affecting your obligations. It is thus wise to plan your finances in ways which will allow you to easily tide such difficult situations. 

Loan against shares is one such financial option which lets you liquify your fixed assets without having to compromise your lifestyle.

Here are features of the loan you must be aware of -

  1. To qualify for the loan you must be a minimum of 21 years of age.
  2. You must have a stable source of income such as a job or business. This ensures the lender that you are capable enough to pay back the loan and would not default.
  3. This is a secured loan and types of collateral accepted for the loan are ESOPs, IPOs, shares, mutual funds, FMPs, and bonds.
  4. You can easily apply for the loan online with basic minimum paperwork.
  5. When you opt for the loan from leading lenders such as NBFCs you can avail the loan with nil or zero part payment and foreclosure charges.
  6. To make informed decisions during the loan process you can take the help of a dedicated Relationship Manager. You can discuss loan terms and know more how exactly the loan will help you suffice your financial needs.

To make the most of the loan you may take the opt for leading loan providers such as NBFCs. They offer high-value loan amount up to Rs. 10 crores, at an affordable rate of interest and flexible repayment tenure. Though, these terms will depend on the individual profile and criteria of the lender.

Read more feature here: Your Key to Success: Loan Against Shares and Bonds



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