Which is the best bank for Loan Against Securities?
- State Bank of India
- HDFC Bank
- ICICI Bank
- Axis Bank
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | Forclosure Charge | |
|---|---|---|---|---|---|---|
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|
9.00%
|
0.5%
|
50
|
36
|
2%
|
|
|
9.40%
|
1%
|
50
|
36
|
2%
|
|
|
9.10%
|
1%
|
25
|
36
|
2%
|
|
|
9.25%
|
2%
|
25
|
36
|
2%
|
|
|
9.75%
|
1%
|
20
|
36
|
2%
|
|
| Bank Name | Min Interest Rate | |
|---|---|---|
|
|
9.00% |
|
|
|
9.40% |
|
|
|
9.10% |
|
|
|
9.25% |
|
|
|
9.75% |
|
Make the right use of your financial assets with loan against securities. Get up to 80% of value on your security, it might be life insurance policies, bonds, mutual funds & etc. Loan Against Securities interest rates are most affordable.
Usually, Loan Against Securities Eligibility Criteria depends on various factors like age of applicant, monthly salary or business income of co-applicant, course type & residency..etc.
Note: - You can avail Maximum Loan Amount on Loan Against Securities as minimum Rs.1,00,000 and the maximum is Rs. 20,00,000
There are few factors that affects Loan Against Securities Eligibility Criteria as given below: -
Meeting age criteria: - Make ensure that you meet age eligibility criteria as per standard terms & norms you should not less than 21 years of age at the time of availing loan against securities.
Lower Income: - Loan Against Securities might be a secured loan, but lender will check your monthly income to your capacity. As higher the monthly income as the Loan amount depends on your eligibility.
Applicant Age: - This is a significant factor affecting your Loan Against Securities eligibility, as per the standard terms & norms of age in-between 18 – 60 years for applying Loan Against Securities, therefore avoid before & after the age norms for loan rejection.
As most of you, for any type of role one common factors that affect your loan application is none than a credit score, it might be personal loan, home loan, business loan, project loan, car loan & various loan.
Due to some unpaid or late paid payment your credit score ranging had affected a lot, how bad would be your credit score might be, you don’t need to worry when you have one ultimate solution to increase your credit score.
If you have gold ornaments & jewelry with you then, no one can stop you from borrowing loan against your gold. By paying Proper EMI on time your credit score range will gradually increase.
Which is the best bank for Loan Against Securities?
Loan Against shares maximum limit?
You can get between 1 lac minimum to 20 lac maximum limit.
What are the documents required for Loan Against Securities?
How does Loan Against Securities work?
This loan come under Unsecured Loan, wherein bank require Collateral to pledge. When you pledge your mutual fund or insurance policy as a assets certain determined limit will be credited to your account & work as a Overdraft Facility which allow you to pay interest for utilized amount.
When does revaluation take place in Loan Against Securities?
Many of you have question under Loan Against Securities when does revaluation take place so generally it starts
What are the Loan Against shares eligibility criteria?
Whether salaried or self-employed you must have a regular source of income, you age should be in-between 21 – 60 years & make sure your securities value is above 10 lacs.
What are the benefits of Loan Against Securities?
It offers digital application to get quick disbursement, low interest that too pay interest for used amount only & other tenure facility are offered.
Opting for Loan Against Securities is good idea or bad idea?
If you are looking for a loan at low Interest Rate then definitely its good idea but if you don’t want to risk your assets then avoid it.
What is Loan Against Securities?
It is a type of Unsecured Loan where you need to pledge any share as a assets like mutual funds & insurance policies to bank.
Current Loan Against Securities Interest Rate?
Generally, Interest Rates range from 10.50% - 13.00% p.a.
Want to get financial service? Advise by CA Vikas Jain
CA Vikas Jain - Chief Advisor
Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...
Read MoreCA Vikas Jain - Chief Advisor
Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...
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