Financial crisis can hit anyone, at anytime. Instead of giving into panic you can take loan against your investments. This is a traditional yet quicker method to liquidate your fixed assets. If you are not sure how to go about it I suggest your conduct a primary research online. You will find numerous lenders especially NBFCs which offer proper guidance and support to help you get the loan.
One of the benefits of getting a loan against mutual funds is that you do not have to redeem your units before time. It also makes sure that your SIP or Systematic Investment Plan does not get affected , in any way.
The best part is as most of the information is online it saves your time. You do not have to meet the lender in person to finalize the deal. However, you can always do that if you have time for one-on-one interactions. With digitisation taking over it becomes easier to manage the loan against mutual funds online. You can track it anytime from anywhere and take informed decisions during the loan cycle.
In order to get the loan it is important you know the eligibility criteria for the process. Usually, lenders provide the loan to applicants -
Whose mutual fund or collateral in this case is of a certain minimum value and they all the paperwork stating the same. Additionally, lenders prefer applicants who have a stable source of income such as a job. This ensures the lender that the applicant is capable to pay back the loan.
For more information read this article: 6 Things to Know About Loan Against Mutual Funds
One of the benefits of getting a loan against mutual funds is that you do not have to redeem your units before time. It also makes sure that your SIP or Systematic Investment Plan does not get affected , in any way.
The best part is as most of the information is online it saves your time. You do not have to meet the lender in person to finalize the deal. However, you can always do that if you have time for one-on-one interactions. With digitisation taking over it becomes easier to manage the loan against mutual funds online. You can track it anytime from anywhere and take informed decisions during the loan cycle.
In order to get the loan it is important you know the eligibility criteria for the process. Usually, lenders provide the loan to applicants -
Whose mutual fund or collateral in this case is of a certain minimum value and they all the paperwork stating the same. Additionally, lenders prefer applicants who have a stable source of income such as a job. This ensures the lender that the applicant is capable to pay back the loan.
For more information read this article: 6 Things to Know About Loan Against Mutual Funds
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.
No comments:
Post a Comment