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|
The eligibility criteria for loan against share is for: -
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