Points to Remember While Applying for a Loan Against Securities

If you have ever invested in shares, bonds, insurance, securities, etc. and you have adequate amount of shares with you individually, you can easily keep the shares as securities with the bank or NBFC and get a loan against shares.

However, before you apply for a loan against securities, you should be aware of certain factors such as:

Choose a lender offering a high loan amount

Generally, you can get loan approval of 50% to 70% of the value of the securities.

But remember, you can get funds worth several crores when you opt for a loan against securities. But, all lenders won’t allow you to get a higher loan amount, so you need to choose a lender that offers a higher amount. However, it is important to research the market so that you are able to select a lender who gives you the maximum value for your holdings.

If you choose Bajaj Finserv, you can get up to Rs.10 crores with approval in 24 hours and disbursal in 48 hours, it is the best way to raise funds for all your needs.

The best part is they accept a variety of securities as collateral for this loan, including shares, mutual funds, bonds, insurance policies, ESOPs, etc. and can get financing up to 85% of the value of your securities.

The other factors are: 

• Ensure that your securities fall under the approved list.
• Match eligibility criteria of loan against securities and submit required documents.
• Apply online by filling in your details.

Read more tutorials here about the loan against securities