A loan against shares has emerged as one of the top financing options available in the market. The said scheme allows people to avail the required finances as credit by mortgaging their investment securities such as mutual funds bond, share market bonds etc.
However, before borrowing against shares, it would be wise to know all the ins and outs of the scheme in advance. Hence, below are the few advantages of applying for a loan against shares.
Loan up to Rs 10 crores
First and the best part of taking the said scheme is the high loan limit. Given you choose the right lender, you can avail up to Rs 10 crores as a loan. The final loan amount though would depend on the market value of the shares.
Easy eligibility criterions
Secondly, the eligibility criterions are easy to qualify. The same is designed with keeping in mind the earning and expenses of different borrowers.Also Read: Method for Obtaining Loan Against Shares Explained
Flexible repayment options
Also, the repayment plans are flexible in nature. You can go for the flexible-repayment plan available with Bajaj Finserv loan against shares. This gives you with the flexibility to pay the interest as EMI and settle the principal debt later.Lower interest rates
Talking about the affordability factor, the interest rates are lower than the other equivalent credit schemes available.Online loan application and account management features
Last but not least, the application and account management process is very easy to follow owing to the online application and account management feature.Read more about shares and securities, here: What are the Advantages of Getting a Loan Against Securities?
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