Loan against shares is a secured loan and a smart way to liquify your fixed assets. The pledged collateral serves as a security and thus lets you avail the loan at lower rate of interest. This is a custom loan which can be taken for salaried as well as self-employed professionals.
Before you sign up for the loan here are important things about the loan you must know about -
You must compare loans from various lenders so as to make choose the most suitable offer, as per your financial needs. Being a secured loan it does not require you to pledge any fixed asset as collateral and thus can be obtained at a lower rate of interest.
When you apply for the loan against shares from any of the leading lenders you can apply for it online with basic paperwork. Upon verification, you can enjoy instant approval and quick disbursement. Though it must be noted that the loan terms may vary as per the lender’s criteria and your profile which includes your age, income, credit score, and value of property pledged as collateral.
It may be noted that lenders provide 60%-70% of the value of your property as a loan. To avail the maximum loan amount it is thus, advised to pledge the property which is free from any litigation and does not have any existing loan on it.
The best part is that as a borrower you can easily manage the loan online and make informed decisions during the loan cycle.
Before you sign up for the loan here are important things about the loan you must know about -
You must compare loans from various lenders so as to make choose the most suitable offer, as per your financial needs. Being a secured loan it does not require you to pledge any fixed asset as collateral and thus can be obtained at a lower rate of interest.
When you apply for the loan against shares from any of the leading lenders you can apply for it online with basic paperwork. Upon verification, you can enjoy instant approval and quick disbursement. Though it must be noted that the loan terms may vary as per the lender’s criteria and your profile which includes your age, income, credit score, and value of property pledged as collateral.
It may be noted that lenders provide 60%-70% of the value of your property as a loan. To avail the maximum loan amount it is thus, advised to pledge the property which is free from any litigation and does not have any existing loan on it.
The best part is that as a borrower you can easily manage the loan online and make informed decisions during the loan cycle.
For the full blog, read here: Advantages Of Taking A Loan Against Collateral Assets
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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