Loan Against Shares is the loan where you can pledge the securities you have invested in the form of collaterals like Bonds, Mutual Funds, shares. One can get the overdraft (OD) and line of credit (LOC) Facility under this loan.
It provides liquidity against investments which makes it more popular than others. The procedure for availing the Loan Against Shares is simple and easy.
Advantages:
- No Payment charges.
- No Foreclosure charges.
- Minimum Documentation.
- Fast Process.
- No hidden charges.
- Lower interest rates.
- Use the amount for any use.
Eligibility Criteria:
- India citizenship.
- Age must be 21 years.
- Must be salaried or self-employed.
Documents Required:
- Identity Proof.
- Address Proof.
- IT returns
- Signature Proof.
- 2 recent photographs.
Additional Read: Everything You Need To Know About Loan Against Shares
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