Apply for Loan Against Share Now!
Loan against securities is a loan where you pledge your shares, mutual funds or life insurance policies as collateral to the bank against your loan amount.
Loan Against Securities are typically offered as an overdraft facility in your account after you have deposited your securities. 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 shares 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 securities you offer as collateral
Anyone who have invested in share or hold some shares issued by the National Stock Exchange or Bombay Stock Exchange.
Normaly it takes 5 Hours to max 5 Days if all the evaluation and documentations are correct.
Minumum 8% Maximum 12 % depend on applicant profiles and scorecard.
1 years to 3 years.
Getting a Loan against Share 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 Share application, then all processes will be completed by our side.