A bond is a fixed income instrument in which a loan is give by an investor to a borrower.
For example: If you buy a bond from a company, you have that amount to the company, and like all other loans, you earn an interest on your investment.
Many banks and NBFCs like Bajaj Finserv offer you a loan against such bonds provided these bonds are of a recognised entity. With Bajaj Finserv, you can avail funds of up to 60% of the value of your bond.
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