Loan against bonds is an easy way to get finance by serving your security as collateral. It is popular due to its low-interest rate, as you hand over your security documents to the financial institution. Applying for a loan against bonds is very simple. Here is a step by step instruction list.
1. Choose the right lender
Research online and select a lender which provides the maximum offers and offers online application.
2. Check your eligibility
You must be a salaried/ self-employed Indian citizen who is above 21 years. Moreover, the minimum value of your security must be Rs.10 Lakh. This eligibility differs from one lender to another.
3. Calculate the interest
Use the lender’s online calculator to check the interest, tenure, and EMI of the loan against bonds.
4. Apply online
Collect all the documents such as ID proof, address proof, passport size photograph, document proof of securities. Submit after attaching them to the application. You can apply offline, but you will save a lot of time if you apply online.
The lender will process your application, and if sanctioned; will transfer the fund to your bank account. The entire process to apply for a loan against bonds will hardly take a few days.
To Know more about the financing through a loan against bonds, click here: Loan Against Bonds – An Easy Way to Acquire Finance
1. Choose the right lender
Research online and select a lender which provides the maximum offers and offers online application.
2. Check your eligibility
You must be a salaried/ self-employed Indian citizen who is above 21 years. Moreover, the minimum value of your security must be Rs.10 Lakh. This eligibility differs from one lender to another.
3. Calculate the interest
Use the lender’s online calculator to check the interest, tenure, and EMI of the loan against bonds.
4. Apply online
Collect all the documents such as ID proof, address proof, passport size photograph, document proof of securities. Submit after attaching them to the application. You can apply offline, but you will save a lot of time if you apply online.
The lender will process your application, and if sanctioned; will transfer the fund to your bank account. The entire process to apply for a loan against bonds will hardly take a few days.
To Know more about the financing through a loan against bonds, click here: Loan Against Bonds – An Easy Way to Acquire Finance
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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