3 Advantages of Loan Against Security You Didn’t Know About

As a common man, it is an everyday thing for almost all of us to fall a victim to situations which demand immediate financial assistance. The annoying part is the catch-22 dilemma that comes with it. The biggest conundrum is to find out a fitting solution that helps in obtaining the required monetary support without diluting our long-term investments. In such scenarios, a loan against security turns out as a fitting option: offering the desired financial support against the entrusted security along with preserving it at the same time. 

Now that's not all about loan against shares! Apart from the aforementioned benefit, there are a couple of other advantages which makes a loan against security an attractive option.

A higher limit to cover all your needs

The aforementioned scheme comes with a higher loan limit that simultaneously depends on the market value of your asset as well. This clause allows you to borrow the amount your desire by submitting a security of equivalent value. In simple words, you have the flexibility to borrow as per your need, given you don’t exceed the maximum limit specified by the lender. 

Faster online approval

NBFCs are known for their faster loan approval process and minimal documentation benefit, you can expect the same in this scheme as well. The loan, once applied, won’t take more than 48 hours for approval.

Dedicated customer support managers

The availability of dedicated customer support personnel makes the scheme even more attractive. You can always turn to your dedicated manager and resolve your queries, whenever you have one. 

In the end, before you apply for a loan against security, do your own maths and take the right decision.

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