Apply for Loan against Bonds Now!
Loan Against Bond is a type of loan that is granted against Bonds as collateral. Such loans are provided as an Overdraft facility. Thus, you can withdraw any amount within the specific loan limit, which is typically based on the value of the pledged asset. If you have bonds that you do not want to sell, you can pledge to get a quick loan online to meet your financial emergencies. The loan facility, referred to as a loan against bonds allows you to access a flexible amount, ranging from Rs 15000 to Rs 1,00,00,000 at reasonable interest rates, arguably lower than an unsecured loan. Easy EMIs make the loan an easy go when repaying. The paperless digital process and quick disbursal within 4 hours make you wait no longer. A loan against bonds is a better way to safeguard your investment and deal with such demanding situations.
Loan Against Bond are typically offered as an overdraft facility in your account after you have deposited your Bond. You can draw money from the account, and you pay interest only on the loan amount you use and for the period you use it.
For example, you are offered a loan against Bonds of Rs 2 lakhs. Let’s say, you draw Rs 50,000 and deposit the amount back in your account in one month. In this case, you are liable to pay interest only for one month on Rs 50,000.
The amount of loan you are eligible for depends on the value of the Bonds you offer as collateral.
Anyone who have invested in Bond or hold some bonds issued by the Corporate Company or any Government or Public sector Undertaking.
Normaly it takes 5 Hours to max 5 Days if all the evaluation and documentations are correct.
Minumum 8% to Maximum 12 % depend on applicant profiles and scorecard.
1 years to 3 years.
Getting a Loan against Bond from FinoFriend is easy, especially if you have your documents are in order and you have a good credit track record. You have to just fill-up our Loan against Bond application, then all processes will be completed by our side.