Have you invested in shares or securities? Shares are market-linked securities, associated with high returns and high risk. It gives the flexibility to buy and sell the shares of your choice as the market change. What if you need some instant cash? How are you going to handle it? Do not think of selling off those shares to get the money. Rather, use your shares and securities as collateral and get a loan against shares.
If you are still confused about the fact that is it the right loan option for you, know the details about it. You can apply for the loan against shares and avail a high principal amount as loan
Lenders generally offer a loan against shares of around 50%-70% of the total worth of your shares. If you choose the best lender, you can get higher principal of loans. This amount may range from Rs.15 lakh to Rs.10 crore.
You can repay as per convenience
It provides the flexibility to choose a tenor of up to 12 months. You can repay according to your convenience, you can go for prepayment and foreclosure at no extra charge. You can also opt for Flexi loan.
You can enjoy the minimum eligibility criteria
You must be an Indian citizen of minimum 25 years of age and a salaried or self-employed professional with regular income. Some necessary documents that you need to submit are KYC documents, bank statement, Form 16 and income proof including payslips.
Read More :- What Should you Know about Loan Against Shares?
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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