Their is not much details which needs to be followed for Loan against Securities as it is a very simple form of loan which one can apply for ,And the interest rate at which you get loan against securities is lesser as compared to a personal loan.
Only Shares as collateral can be pledged and rest few T&C are applied , Loan against Securities facility is available to individuals, commercial entities and corporate bodies
Eligibility For Loan Against Shares are as follows:
- Simple and speedy processing
- Access from anywhere at any time
- Must have a source of Income
- Should be citizens of India
- Minimum Loan Amount : 10 Lakhs
- Maximum Loan Amount : No Upper Cap
- Shares should be in Dematerialized form only
Securities On which loan can be availed:
- Shares
- Mutual Funds (Debt & Equity)
- Bonds
- Debentures
- Insurance Policies
- ETF’s
