Individuals and businesses often require financial assistance to meet their various needs and goals. One way to access funds is by availing of a secured loan with a financial asset used as a collateral. In this article, we will explore various financial assets against which you can avail a loan.
Benefits of loans against financial assets
One of the key advantages of securing a loan against your financial assets is that it increases your borrowing limit. Lenders are more keen to offer higher loan amounts at lower interest rates when you keep an asset as a collateral. This enables you to access a higher loan amount to cover major expenses such as education, business expansion, or home renovations amongst other needs.
Types of assets you can get a loan against
1. Loan against property
Loan against property is a secured loan that allows you to pledge your residential or commercial property as collateral. The property acts as security, reducing the lender's risk which lets you borrow a higher amount. Bajaj Finserv loan against property offers a hassle-free application process, competitive interest rates of 9% to 12% (Floating rate of Interest) and flexible repayment tenure of up to 15 years, making it an ideal choice for those seeking financial assistance.
2. Loan against securities
Loan against securities is a type of asset-based lending where you can avail of loans by pledging your financial investments like mutual funds, shares, exchange-traded funds (ETFs), bonds, and other securities. Our Loan Against Securities allows you to meet your immediate financial needs without liquidating the investments.
3. Loan against gold
Loan against gold has emerged as a popular financing option in India. Bajaj Finserv Gold Loan allows you to utilise your gold ornaments and jewellery as collateral to secure a loan. With minimal documentation and quick disbursal, this type of loan provides a viable solution for short-term financial requirements.
4. Loan against fixed deposits
Loan against fixed deposit lets you borrow funds by using the fixed deposit as collateral. It offers quick access to cash while allowing the fixed deposit to continue earning interest. With minimal documentation, this type of loan is a convenient option without breaking the investment.
In conclusion, loans against assets are a valuable financial tool as they let you keep your investments earn interest or improve in valuation. Bajaj Finserv Loan Against Property stands out as a reliable and customer-friendly option for those looking to leverage their property for a high loan amount.
