When investing in securities, you consider several factors such as market conditions, investment goals and risk appetite. After selecting the suitable securities for investment, you look forward to a diverse investment portfolio comprising a mix of high-performing shares, mutual funds, bonds, and ESOPs.
While your money is invested, it may be possible that you face an urgent, short-term need for finance. While liquidating your investment may seem like a good idea, it could hamper the growth of your securities. You could instead avail of a loan against your securities.
A loan against securities is a simple, convenient and affordable way to get immediate financing. You not only get a substantial loan amount of up to Rs. 10 crore, but you also do not lose out on gains from your investment and its ownership.
So, keep your investment intact and continue to enjoy returns by choosing a loan against securities from Bajaj Finserv. Apart from the high loan amount, it offers funds to you in just 24 hours. Read on to know about the features of the loan.
Easy eligibility terms
To be eligible for a loan against securities, you must be a citizen of India residing in the country who has an age of at least 21 years when the loan is sanctioned. Apart from this, it would help if you were a self-employed or a working professional with a regular income, and the value of your securities should be worth at least Rs. 10 lakh.
Simple online application
Applying online helps you save time and expedites the approval and disbursal timeline. To apply online, you will need to fill a short form with your full name, email ID, mobile number and city. You will also need to fill in your total portfolio value and select the type of security from a drop-down list that consists of options such as mutual funds, shares, bonds, fixed maturity plans and insurance policies.
One-day approval
Once you submit the online application, you don’t have to wait endlessly for an update. You will get approval within just 24 hours. This ensures that you can meet immediate needs without any delay. Your funds are disbursed within 48 hours.
Bajaj Finserv also provides pre-approved offers on loan against securities that simplifies the process of financing. Get money in the bank with 1-step verification as your loan offer is already approved. Check your pre-approved offer here.
Minimal documents required
You will need to submit only a few documents when you take this loan to prove your eligibility. This list is short and comprises documents that you’re sure to have handy. When you apply to Bajaj Finserv, you have to submit ID proof consisting of a copy of your PAN card, driver’s license or Aadhaar card. You will also need to submit a copy of your Aadhaar card as address proof. Along with this, you have to submit a passport size photograph and document proof of your securities.
So, the next time you are faced with an urgent need for a high amount of finance, don’t hesitate to apply for a loan against securities. It allows you to cater to immediate needs without jeopardising your financial future.
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