Know about the Finance and Investments Terms

If you have secured your future by investing in different kinds of schemes well, then they can be liquefied without having to break them. How? Via taking a loan against securities. This is a secured borrowing option which lets you take funds against the locked securities to help you cater to various financial obligations.

Let’s know more about them -

Loan seekers can apply for the loan against securities by filling up a simple e-form at the lender’s official website. Upon verification, they can enjoy instant approval and disbursement to cater to your financial needs. Applicants can pledge a number of securities as collateral for the loan. These include shares, mutual funds, FMPs, ESOPs, IPOs and bonds. Leading lenders such as NBFCs offer a high-value loan up to Rs. 10 crores as per your diverse financial portfolio. The loan is available at an affordable rate of interest and flexible repayment tenure to eligible loan seekers.

The criteria say the applicant must be 21 years of age at the time of applying for the loan. They must have a stable source of income to ensure the lender they are capable of paying off the loan. In addition, the applicant can foreclose or make part-prepayments to manage the loan well.

While applying for the loan online applicants do not have to furnish elaborate paperwork. This further simplifies and quickens the process. This helps to take the loan when you need it the most and at preferable loan terms. To know more applicants can discuss the loan with their Relationship Manager to make informed choices.

For more information read this blog: Things to Keep in Mind Before Applying for a Loan Against Securities