Skip to main content

All you Need to Know about Loan against Shares




The feature that distinguishes loan against shares is that you can draw money from the account and only have to pay interest on the amount and period used.

What is Loan against Shares?
Loan againstshares is monetary loans which are offered against bonds, shares, mutual funds, insurance policies or bonds. It is basically a loan wherein you guarantee the securities you have spent in as security against the loan amount. The loan against shares is one of the finest ways to make your investments smarter and harder for you.

What are the documents required for Loan against Shares?
The documents required to avail this loan are:

Individual Borrower
PAN card
AADHAR card
Bank statement/cancelled cheque

Company Borrower
Board resolution
The list of directors
Address proof of company and director
Cancelled cheque
Bank statement
Shareholding pattern
MOA/AOA

What are the eligibility criteria for Loan against Shares?
The eligibility criteria for loan against shares are offered to:
  • Business Owners
  • Industrialists
  • Traders


What is the interest rate to avail Loan against Shares?
With the help of income eligibility calculator, you cannot just calculate your EMI but also interest rate. Usually, the interest rate for loan against shares is 11.25%.

What are the benefits you can avail from IndiakaLoan.com?
IndiakaLoan.com provides the hassle-free way to acquire funds without liquidating your assets; following are the benefits you can get from the financial provider:
Relationship Manager
It provides you with a 24*7 dedicated relationship manager to help you with all the requirements.
Online Access
It offers you the facility to manage your account of loan from anywhere and anytime.
Easy Documentation
You do not have to worry about the documentation process as there is no need for financial documents for the loan against shares thus, making it stress-free.
Foreclosure Charges/Nil Part Payment
It offers the facility of foreclosure charges to help you make loan repayment as per your comfort.

Comments

Post a Comment

Popular posts from this blog

What are the Benefits of Unsecured Business Loan?

Whether it is a big firm or small, the success of the business is always determined by the soundness of its financial status. Thus, it becomes imperative for business owners to arrange enough finance to meet numerous daily and unplanned expenditure of their business. In the competitive market, one can require funds anytime and delay in arranging funds can hamper the work. In such a situation, it is better to manage desired finance with the help of unsecured business loan as it can be availed with no collateral and easy documentation. With so many banks/NBFCs offering unsecured business loan at lower interest rates, it becomes tough to select anyone. It is here that IndiakaLoan comes into the picture as it is one of the most preferred collateral-free unsecured business loan providers. Some of the benefits you can avail from IndiakaLoan offerings: It provides loan for every type of enterprise venture with cash credit limit ranging from Rs 10-40 lakhs to support busi...
Post a Comment
Read more

How do banks decide on your loan eligibility?

When the person applies for any type of loan, whether it is personal, home or mortgage, one thing that the financial institution looks for is the ability to repay the amount. To be on the safer side, the applicant can make use of loan eligibility calculator as it works on mathematical formula to assess the needed loan amount. Moreover, it is the easiest and fastest way to check your loan eligibility online. Although, it takes various factors into consideration such as net monthly salary, loan tenure, running EMIs, and other monthly income. Below mentioned are the basic points on which your loan eligibility is determined: Credit History Your credit history helps banks and NBFCs to know about your behavior of payment and the way in which you settle your loans. In case, the past loan is delayed due to some reason or not submitted on time, the lower your score is likely to be. A credit score above 550 and near to 900 is good for any sort of loan eligibility. A score below an...
Post a Comment
Read more

What are the Different Types of Home Loans?

There are numerous home loan options available in the market by non-banking financial companies and national or private banks in India. To know which one will better suit your needs, it is imperative to understand each of the choices available: Home-purchase Loan A home-purchase loan is taken to procure a residential property: flat, house or bungalow. The financial institutions generally offer up to 80-85% of the market value of the house as a loan amount. The interest rate on such type of loan is either fixed, floating or hybrid. Home-construction Loan A home-construction loan is taken to cover the expenses relating to construction of a new house on a plot owned or co-owned by them. The home-construction loans application and approval process are different in certain aspects than from the easily available housing loans. This includes: The concerned land or plot should have been purchased within a year If the cost of the plot is not included in the loan amoun...
Post a Comment
Read more