Know about the Finance and Investments Terms

When it comes to opting for loans, most people know only about home loans, FD loans, or personal loans. What they do not know about is Loan Against Shares (LAS). It is just like any other loan which can be availed against securities such as mutual funds, bonds, insurance, etc. 

Loan against shares is highly beneficial when you need money very quickly for meeting any requirements which can be of financial or personal reasons which require a huge amount of money to be invested. These can be a wedding, home renovation, educational needs, expanding your business and many more. 

There are a number of lenders available today who offer loan value of up to Rs. 10 crores to be sanctioned as a loan against shares. This amount is more than enough for covering any kind of expenses which can crop up. Moreover, as opposed to other loans, in case of loan against shares, a dedicated relationship manager is assigned who will be available round-the-clock to assist you with any kind of requests you may have. 

Most people tend to shy away from taking a loan because of the documentation involved. However, in case of loan against shares, the documentation needed is just the basic KYC ones. As for the eligibility for the loan against shares, the applicant needs to be of 21 years of age, salaried or self-employed, and having securities whose value is Rs. 10 lakhs or above. The entire process is done online so that you do not have to visit the branch. This also ensures transparency and gives you the liberty to check your loan details anytime you feel like. 

Like any other loans, the long terms effects such as their affordability and their impact should be properly assessed before opting for a loan against shares. As such, if you want to know more, you should visit the website of any of these lenders to have a more detailed information so that you can make a more informed choice. 

For more information, you can read this blog: When should you opt for Loan Against Shares?