Loan against security helps you avail instant finance without having to break your investments such as a mutual fund. It is a hassle-free method to liquidate your assets and get your instant cash needs met.
Let’s take a look at its 6 other major benefits.
High Value Loan
You can avail a high value loan to meet your diverse financial needs, based on the value of your collateral.
Easy Account Management
You can apply online from anywhere by filling up the online application form. As a borrower, you can just use your login details to keep track of the loan cycle. You can check details such as repayment due dates, total repayment made, total loan due, interest rate and so on.
Pre-Approved Offers
Most financial institutions and NBFCs provide pre-approved offers. These are tailor-made as per the customer to take care of their immediate financing needs via loan against security.
Instant Approval
You can benefit from instant loan approval by applying online. Besides, you do not have to submit elaborate paperwork which further quickens the process, saving your time and effort.
Zero Additional Charges
You can prepay your loan, as and when you want and even opt to foreclose your account. All these are possible at your own time and at no additional charges.
Wide List Of Securities To Choose From
You can pick from a comprehensive list of securities such as shares, mutual fund, FMPs, ESOPs and Bonds which can be pledged as collateral.
Read More :- 6 Benefits of Loan Against Securities at a Glance!
Alisha Antil is your best financial helper for insurance. She has a vast experience in finance and insurance and provide to you the expert advise in insuring your property and health.
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