Loan Against Shares is a facility where you can pledge your shares as collateral to obtain a loan. This enables you to access funds for personal or business needs while retaining ownership of your investments. It is a flexible financing option that allows you to meet your requirements without liquidating your assets.
Types of Loan Against Shares:
- Overdraft Facility Allows you to withdraw funds as needed within a sanctioned limit.
- Term Loan Offers a lump sum amount for a fixed tenure.
Features of Loan Against Shares:
- Quick Disbursal: Get funds faster by pledging your shares online or offline.
- Flexible Repayment: Choose flexible repayment options to suit your financial planning.
- Retain Ownership: Continue to enjoy dividends, bonuses, and capital appreciation.
- Low Interest Rates: Benefit from competitive interest rates compared to unsecured loans.
- No Prepayment Penalty: Pay off the loan anytime without any additional charges.
Loan Against Shares is a smart financial solution that offers liquidity without the need to sell your investments. It helps you manage urgent financial needs while your shares continue to generate returns.