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<br>If you are thinking of selling your Mutual Funds, Shares, or Securities for money, donu2019t do it. This article will tell you different about a different opportunity i.e. Loan against Shares.<br>
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If you are thinking of selling your Mutual Funds, Shares, or Securities for money, don’t do it. This article will tell you different about a different opportunity i.e. Loan against Shares. Aloan against securities provides you to raise funds against your securities without selling them. It is a new and innovative method to assist you in getting loans quickly. With aloan against securities, you can borrow capital by guaranteeing your financial investments. It allows you to raise money against your shares without selling them. • What is a loan against securities? A loan against securities is a loan where an individual guarantees his or her shares, life insurance policies, or mutual funds as collateral to the bank against the loan amount. • How do loans against securities work? A Loan Against Securities (LAS) is offered as an overdraft in your account after you have deposited your securities. You can draw money from the account as per your need. Along with the repayment of the principal amount, you only pay interest on the loan amount used and for the period you use it. For example, you are offered a LAS (Loan against securities) of Rs 2 lakhs. Let’s assume, you withdraw Rs 50,000, If you deposit the amount back into your account in a single month. You are liable to pay interest only for a single month on Rs 50,000.
Benefits of Loans Against Securities • Easy processing of a loan • Flexible loan repayment schedule. • Interest is charged only on the loan amount you use • A loan is available as a demand loan or overdraft facility Who can avail a loan against securities? An Individual: Any individual who is above the age of 18 years and is a citizen of India. Any person who has securities in the Indian financial markets can apply for a loan against the securities. LLP or Proprietorship: If you have a limited liability partnership or you own a business, you can apply for a loan against your securities. You should also have securities in the Indian financial markets. Public or Private Limited Company: Having investments with securities held under its name, a public or a private limited company as a separate entity can also apply for a loan. Private trust: A Private Trust which manages assigned property for religious or private purposes and holding securities in the financial market can also apply for a loan. A private trust should be governed under the Indian Trusts Act, 1882.
Documents required to attain a loan. The following documents are required: • Should be an Indian resident or NRI • Must be of minimum 18 years and should hold Demat account • Identity proof and Address proof • 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 platform that offers digital loans against shares. If you are looking for loan against Demat Shares then be sure to get in touch with spark.loans today!
For More Information Click the Link Below https://spark.loans/ Thank You
