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Difference between Loan Against Securities & Loan Against Property

Follow easy and simple steps if, you want to get a loan for an emergency at a lower Interest Rate Loan Against Security gives you more benefits. Online Processing, only 0.15 processing charges and no charges on prepayments.
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  Loan Against Securities

Sometimes we require sudden finance for various reasons. People don’t have cash available every time. But you have a simple and easy way to get a loan by giving your security to bank and get loan easily. This is one of the most knowing and secure ways to get of a loan as you are provided with stable fundings. This mode of loan we called Loan Against Securities.

 What is Loan Against Securities?

Loan against securities is a loan offered against your securities as collateral with a bank. It means if you want to get a loan then you have to give a guarantee like insurance policy, mutual fund investment to bank as a security. Loan Against Securities allows you to increase your funds against shares. You have to give a 0.15% as a processing fee. You can get up to 10 crore depending on your credit profile.

 Also Read:-Business Loan for Startup

Which Securities Can be Guaranteed?

You can give a guarantee to bank as a following: -

  • Shares, Equity & Debt Mutual Funds, bonds
  • Fixed Maturity Plans (FMP)
  • Insurance policies issued by LIC
  • Non-Convertible Debentures (NCD)
  • NABARD Bonds

 What is the Difference between LAS and LAP? 

Basis Loan Against Property Loan Against Share
Eligibility
  1. The applicant should be an Indian.
  2.  Age should be at least 21 years old at the time of application.
  3.  self-employed or working as a employee both can apply.
  4. Applicant should have good credit history.

The eligibility criteria for loan against share is for: - 

 

  • Traders
  • Industrialists
  • Business owners
Documents required
  1. Identity and address proof. 
  2. Bank statement of the last six months.
  3. Cheque for processing loan fees
  • Passport size photograph. 
  • Identity proof like PAN Card,  aadhar card, Passport, Driving License etc. 
  • Residence Proof. 
  • Bank statement of the last 6 months 
  • Original paper of guarantee.
Features
  • This type of loan you can get only against commercial or residential property.
  •  You can borrow 1 crore from Loan against property.
  • The loan includes securities (bonds, shares etc.)
  • The banks can dispose the security in case lender fails to repay the loan.
Advantages
  • The main purpose is you can get money for anything education, marriage, medical requirement, emergency, etc. 
  • The tenure of these loans up to 15 years or more.
  • Interest on security is low and no hidden charges.
  • Easy documentation and eligibility criteria.
  • Money can be easily regained if the loan nis fail.
  • Easy and simple transfer process. 
  • Market value of the share is easy to get. 
  •  From all Debentures, bearer bonds, promissory notes and share warrants we can get a loan.

To know more about our products & services just give a miss call to 9863-02-02-02, our representative will get in touch with you shortly.

Apply Now:-Loan Against Property

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