Know the Benefits of Taking a Loan against Shares in India

While investing adds body to your savings, investing in shares is especially beneficial as it can help you receive handsome returns and is liquid too. However, during a time of need, you may be torn between withdrawing your investment prematurely and arranging for funds from another source.

Now, you need not lose out on the profit of your investment just to arrange finance for your immediate requirements. Just take a loan against shares to borrow the money you need while retaining your investment. Look at the benefits of taking a Loan Against Shares in India from a top lender like Bajaj Finserv.

High loan amounts at nominal interest

When you take a loan against securities from Bajaj Finserv you can avail funding of up to Rs.10 crore based on the value of the shares you are pledging. Additionally, these funds are available to you at nominal loan against shares interest rates, making repayment easy and effortless. You can also apply for loan against shares online and get approval instantly.

What’s more, the loan amount is disbursed within 72 hours of approval. This means you can have the funds you need, when you need them, and cater to your immediate needs in a timely manner.  Further, you can choose to part pre-pay your loan amount or foreclose before the tenor ends at no extra charge.

Convenient loan management

Along with the benefits of availing an affordable loan, you can also enjoy the effortless procedure of keeping a track of your loan account online. All you need to do is log into the customer portal to access your loan account information and manage your finances efficiently. Additionally, you will be allotted a personal relationship manager whom you can contact 24×7 to resolve all your queries and make your loan borrowing experience as easy on your mind as it is on your pocket.

You can also make your payments through RTGS, NEFT, or cheque, according to your convenience. What’s more, Bajaj Finserv also provides you the option to repay your loan by selling your shares. If you choose this option the sale is initiated by Bajaj Finserv and any funds above the amount you owe, including interest, will be returned to you.

Simple eligibility requirements

Apart from the fact that you can easily apply for a loan against shares online, you can benefit from minimal application requirements as well. In order to eligible for this loan you need to be an Indian citizen above the age of 21 years with a regular source of income.

Also, the minimum value of your shares must be at least Rs.10 lakh. You will need to submit just a few documents including identity proof, address proof, a passport sized photograph and verified reports of your shares. By submitting just these few details you can access funds. This is another way in which this loan comes in handy as you can apply for it in minutes.

So, make the most of your shares even during your time of need without losing out on its ownership. When you choose this option you also continue to earn interest and earn dividends and bonuses too.