People invest their part of income and savings in many investment plans. These investment tools could be mutual funds, fixed deposits, bonds and shares to earn interest profits.
Not only these investment tools give you interest-based profits, but also give you added benefits. One of the many benefits of investing your money in an investment plan is that you can avail a loan against securities.
Yes, leading online lenders and banks let you pledge the securities as collateral and grab instant money.
If you are unaware of the concept of the loan against securities and its benefits, then this post will let you know more. Read on:
What is the loan against securities?
The loan against securities is nothing but a unique facility which helps you to cover your many needs. You can do that by acquiring a loan of high value at a lower LAS interest rate. Lenders consider your worth of the portfolio as the collateral to approve your loan request.
As a result, when you apply for loan against securities, you not only get instant cash but even stay invested and continue to earn your ROIs.
Most of the lenders want the face value of your portfolio to be at least Rs.10 lakh for you to be eligible for the loan against securities.
What are the benefits of the loan against securities?
- Loan amount of up to Rs.10 crore
When you apply for loan against securities, you can easily grab a high loan amount of up to Rs.10 crore. Thus, be it the need to expand your business or for any other personal needs, you will face no issues to fulfill all requirements.
- 24/7 Relationship Manager to assist you
Availing the loan against securities facility with an online lender gives you an additional benefit. It means that you can take the services of a dedicated Relationship Manager. He/she can help you with all loan-based queries round-the-clock.
- No charges for part prepayment and foreclosure of LAS
Do you wish to close your loan against securities account before the scheduled tenor or make some part prepayment? You can do that even without paying any extra charges for availing these services.
- Online account access
Once you apply for loan against securities with an online lender, you will be able to track the progress of the loan 24/7 and from anywhere. You can access all information right from the digital customer portal of the lender to track everything.
The eligibility for the loan against securities is also hassle-free. Any residing Indian citizen with an age of 21 years and earning a regular income can apply for LAS.
Are you ready to see your investments grow? Do you want it to assist you with a loan facility at the same time? You can now apply for loan against securities online and get going.
read additional : USE THE LOAN AGAINST SECURITIES MONEY TO FUND YOUR HOME