Loan against securities is a safe option to tide over financial crisis without breaking your investments. Most NBFCs and financial institutions let you choose from a wide list of securities to pledge as collateral such as shares, mutual fund, FMPs, IPOs, ESOPs and bonds.
Know 3 major benefits of availing a loan against security.
Higher loan amount
On meeting the eligibility, you can claim a higher loan amount to fulfill your financial goals. The loan is taken to fulfill personal and professional obligations such as meet wedding expenses, fund education, finance a vacation, run business operations, purchase bulk inventory and so on. The lender does not scrutinize the borrower on how they intend to use the loan so can it be used more or less like a personal loan.
Dedicated support
Whether you can apply for loan against securities online or walk in to your lender, they will provide you with a dedicated Relationship Manager. He/ she will understand your requirement and gather relevant documentation from your place to take the process further. Any doubts or suggestions during the loan process you may always get it clarified from them.
Easy online management
The lender will let you easily open and maintain an online loan account. Just request them for login details and you can track your account from anywhere at your convenience. This easy tracking will help you take informed decisions during the loan cycle as you can access your repayments, total paid, and other details anytime.
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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