6 Major Benefits Of Owing Loan Against Securities

Loan against security gives you the easy option to get hold of instant cash without having to break your investments such as mutual fund, . The loan is easy to apply for and reaps appreciable profits, in the long run. You can borrow up to Rs. 10 crore to cover a wide range of financial needs. There are attractive Interest rates based for every borrower. Loan value is 50% (for equity shares), and 90% (for bank deposits) for securities.

Minimum worth of securities must be Rs. 25 lakh and you must be salaried or self-employed with a consistent income source. You can get the list of necessary documents on lender’s website. You get the option to choose convenient payment options with the lender.

Here are 6 major benefits of taking loan against securities. 

Zero/ Low Cost

Leading NBFCs and banks do not incur any charge on loan against security. The processing fees of the application is considerable low and varies among lenders.

Attractive Interest Rates

Various financial institutions and NBFCs offer competitive interest rates ensuring the loan does not pose a heavy burden on the borrower.

Online Account

Applicants can keep track of every transaction and loan information such as EMI due dates, total EMI paid and so on.

Customer Help

There are dedicated online portal and Relationship Managers to guide applicants through the loan process.

Pre-approved offers

As per your eligibility, you can take advantage of various pre-approved offers. This means you get more value of the loan that you qualify for.

Read More :- Get the Top 6 Benefits of Loan Against Securities at a Glance