1 / 4

How Can We Apply For Loan against Securities

Loan Against Securities (LAS) is a sort of loan taken against your pledged securities as collateral with a bank. Avail a Loan Against Securities to meet all your financial requirements. spark.loans LAS lets you raise quick funds against shares, insurance, mutual funds, UTI bonds, non-convertible debentures, and so on.<br>

Dhriti1
Download Presentation

How Can We Apply For Loan against Securities

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How Can We Apply For Loan against Securities

  2. Loan Against Securities (LAS) is a sort of loan taken against your pledged securities as collateral with a bank. Avail a Loan Against Securities to meet all your financial requirements. spark.loansLAS lets you raise quick funds against shares, insurance, mutual funds, UTI bonds, non-convertible debentures, and so on. How Does It Work? This type of loan aids in attaining instant funds rather than selling the securities in a rush. The limit of the financial aid is based on the security that you’ve pledged. In general, a current account is opened in the name of the debtor, and the ROI is calculated on the amount withdrawn by you at the time of utilization. As you pledge security, you get a stable amount without any trouble while you need it the most. This also signifies that you would not need to sell your shares and not aid from bonuses and surpluses. What do You need To Take Into Account Before Taking An LAS? Here are the things you should keep in mind before taking Loan Against Securities: Select a bank or NBFC that sanctions various investments as security You need to choose a lender or lending institution that sanctions various sorts of investments like equity shares, retail shares. Loan repayment term You need to look to get LAS from a lender that provides you with a flexible loan repayment term. In general, the repayment term provided is between 1-3 years. But, the repayment term selected by you should be based on the loan amount taken by you.

  3. Check your eligibility Make sure that you comply with the eligibility criteria prior to applying for a LAS from a lender. A majority of lending institutions need the applicant to be at least 21 years to apply for a loan against securities. Select a bank that offers a greater amount sanction on low ROI Take LAS from a bank that provides a greater amount of sanction against your security. There are lots of lending institutes in the country offering greater loan amounts at compelling rates of interest depending on the securities. Search in-depth to know about can we get a loan against equity shares. Applying For LAS Online At present, nearly all banks in the country offer the option of taking LAS online. The entire procedure is quick and easy. You can go to the bank’s official site from whom you want to take the loan and click on “Apply Now.” spark.loans is one great place offering Loan Against Securities online and other services like loan against equity shares, loan on shares, etc. Get all your documents and details verified by us and avail the loan amount you’ve applied for in your account. Applying For LAS Offline Go to the nearby bank branch to get the loan amount with the required documents. An officer from the bank will then help you with the procedure of applying for an LAS.

  4. For More Information Click the Link Below https://spark.loans/ Thank You

More Related