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Eligibility Criteria for Loan Against Securities or Equity Shares

A loan against shares provides you to raise money against your securities without selling them. A loan against securities is a loan where a person guarantees his or her shares, mutual funds, or life insurance policy as a guarantee to the bank or the lender against the loan amount.<br><br>

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Eligibility Criteria for Loan Against Securities or Equity Shares

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  1. Eligibility Criteria for Loan Against Shares or Securities

  2. A loan against shares provides you to raise money against your securities without selling them. A loan against securities is a loan where a person guarantees his or her shares, mutual funds, or life insurance policy as a guarantee to the bank or the lender against the loan amount. Loan against security can be given against investments such as an insurance policy, UTI bonds, mutual fund units, Demat shares, nonconvertible debentures, national saving certificate, or NABARD bonds. • Benefits of Loans Against Securities • Low-interest rates as compared to personal loans. • Processing a loan is easy. • Loans are simply available with financial institutions and nationalized banks. • Flexible loan repayment. • A loan is available as an overdraft facility or demand loan. Who can avail a loan against securities? • A Person: Any person who is an Indian Citizen and above the age of 18 years can apply for a loan. Any person who has securities or shares or mutual funds in the Indian financial markets can apply for a loan against the securities.

  3. LLP or Proprietorship: If you have an LLP or you own a business, if you own securities or shares in the Indian financial markets, you can apply for a loan against your securities. • Public or Private Limited Company: Having investments with securities or shares held under its name, a public or a private limited company as a separate entity can also apply for a loan against shares or securities. • Private trust: A Private Trust which manages assigned property for religious or private purposes and holds securities in the financial market can also apply for a loan against shares or securities. A private trust should be governed under the Indian Trusts Act, 1882. • loan against shares eligibility: • You must be in the age range of 18 to 65 years. • Only the shares in the name of a person can be pledged. You cannot pledge shares in the name of NRI, Minors, and corporations. • You need to submit important documents such as ID proof, Address Proof, a statement from your DP, and proof of income.

  4. You cannot guarantee the shares of a company of which you are a promoter or a director. • If you represent Proprietorships/ Partnership firms/ Companies you will need to submit your Income Tax returns, Profit & Loss Account for the previous two years, and an audited Balance Sheet. spark.loans is a digital platform that offers loans against shares. They allow you to apply for a loan online by submitting a simple application form. Visit the website today for more information.

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

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