5 things to look for in a lender when availing a loan against securities
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5 things to look for in a lender when availing a loan against securities

  • Highlights

  • Choose a lender accepting varied investments as collateral for Loan Against Securities

  • Pick a lender offering a high amount sanction on low interest

  • Look out for flexible repayment terms offered

  • Check the eligibility criteria and processing time of the loan

The government has implemented major reforms over the past few years including demonetisation, RERA and GST. These changes have improved the market for trading and led to a breakthrough in investments. It is likely that you may have invested in various instruments such as mutual funds, scrips, bonds, and insurance policies to profit from this growth. Apart from factoring in high returns, you can now use your investment portfolio to avail a loan against securities to finance your several needs.

Here’s what you should be looking for when availing a loan against securities.

1. Choose a lender accepting varied investments as collateral

Selecting a lender is the first step to getting a good sanction against your investments. In this regard, it is a must to first check the guidelines set by lenders that govern the investments that they accept. This will ensure faster sanction and will give you access to other benefits too.
An ideal lender will allow you to pledge various investments such as mutual funds, bonds, fixed maturity investments, IPOs, retail and HNI shares, insurance policies from partner companies, and more.

2. Pick a lender offering a high amount sanction on low interest

Look for a lender who offers a substantial sanction against your securities. Remember that a high-worth portfolio will get you an equally high-value loan. With Bajaj Finserv, you can get a Loan Against Securities up to Rs.10 Crore at an affordable interest rate. It offers funds up to 80% of the value of your securities, so you can raise a sizeable sum with ease.
Bajaj Finserv also brings to you pre-approved offers on Loan Against Securities and other financial products so that you can avail instant financing by simply entering your details. Check your pre-approved offer here.

3. Look out for flexible repayment terms offered

You should opt for a lender that gives you the flexibility to repay your loan as per your financial situation. Most lenders allow you a tenor of 12–36 months to repay the loan. A Loan Against Securities from Bajaj Finserv, for example, not only offers a flexible loan tenor but also comes with no additional part prepayment and foreclosure charges. So, you can clear your debt even quicker if you have surplus funds.

4. Check the eligibility criteria and loan processing time of the loan

When evaluating your lender for your Loan Against Securities, you should know the eligibility criteria for the loan.
Another important factor to consider while finding the right lender is the time take to process the loan.
To qualify for a Bajaj Finserv Loan Against Securities, all you need to be is over 21 years of age and be a citizen of India who draws a regular income as a self-employed or salaried individual. On being eligible for the loan, you can apply online by filling a simple form. These loans offer you approval within 24 hours and loan disbursal in 48 hours of document verification.

Offering easy access to a high amount of funds, this loan is a quick way to flexibly finance an array of professional and personal responsibilities.

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