Buying a home is a big financial decision. Thus, proceed with it only if you have these three things figured out:-

1. Your income is sufficient to pay the EMIs and then manage your monthly needs alongside having just enough to save for definite future expenses. 
2. Secondly, you have enough savings to pay for the down payment. 

While the first thing - understanding whether you have enough to manage your present and future expenses alongside paying the EMIs won’t be difficult, having enough savings to pay the downpayment might be tricky for you.

Even though you might have investment securities on your name which could be liquified to arrange the required sum, taking a loan against them might be a better option. Doing so would not only preserve the maturity value, it ensures your other financial goals don’t have to be postponed.

What is a loan against securities? 

A loan against securities in India works on the similar concept as that of a loan against property. You can mortgage your investment securities such as mutual funds bonds, stock bonds, company FD certificates etc. to avail a loan against them. That said, the loan amount would vary based on the market value of the product.   

Advantages of taking a loan against securities in India for paying the downpayment of your home

• A higher loan amount is available (mortgage an asset with higher maturity value and you’ll get a higher amount as a loan).
• A longer repayment tenor.
• Lower interest rates for the loan.  

Bottom line: Even the eligibility criteria is pretty easy to qualify.

To know more about the loan against securities, read this full article here: Use The Loan Against Securities Money to Fund Your Home