Investing in shares not only helps you diversify your portfolio but allows you to acquire funds against it when you need it the most. All you need are shares which can be pledged as collateral to avail the loan. This makes it a secured loan option and hence applicants can benefit from affordable interest rates levied on the loan.
Loan against your shares is an all-purpose loan which can be used to meet several kinds of financial obligations of the borrower. You may opt for the loan against shares from experienced lenders who understand your requirement and thus can offer up to Rs. 10 crores.
Another thing to consider while applying for the loan from major lenders like NBFCs is that you can easily apply online with minimum paperwork. Eligible applicants can avail instant loan approval and quick disbursement at an affordable rate of interest and flexible repayment tenure.
Though, it must be understood that the terms of the loan vary from lender to lender. Hence, the duration via which the loan can be obtained will vary as per the lender’s criteria and the applicant’s individual application.
Applicants can pledge a comprehensive list of Shares, Mutual Funds, FMPs, ESOPs, IPOs and Bonds as collateral for the loan. Thus, making it a secured option which is available at a lower rate of interest. There are nil part-payment and foreclosure charges on the loan which lets you manage it well.
While applying for the loan you get to manage it online via an account. This can be accessed from anywhere, at any time from the comfort of your home or office.
To know more about this loan facility, click here: How Much Time it takes to Get a Loan Against Shares?
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