Five Benefits Of Consolidating Your Unsecured Debts With Personal Loans
Five Benefits Of Consolidating Your Unsecured Debts With Personal Loans
Have you ever faced a personal financial crunch?
Or immediately needed money to fulfil an urgent need?
Such circumstances are unprecedented. When they occur you feel frustrated. But not anymore!
The emergence of a new and innovative concept, appropriately called the loan against securities(las) in India, will ensure that you never face such a situation again. Here, you pledge your financial assets to borrow the required capital.
Traditionally, money could only be borrowed against securities like gold, property, vehicles, insurance policies, etc. But now you can also pledge your mutual fund investments and share certificates as securities. You get instant liquidity against securities like shares and debentures, mutual fund investments etc., without actually selling them off. That is the USP of this product!
Keep watching this webpage for exciting offers and discounts specific to your needs!
Both banks and NBFCs like RDQ Finserv, the no 1 finance company in Kolkata, offer Loan against Securities. The sheer number of lenders providing this facility might make it challenging to choose one in need. To ease your confusion and make this decision easier, let us briefly compare the features of the loan against securities available from banks and NBFCs. You can select your creditor after going through the same.
| Area | Bank | NBFC |
|---|---|---|
| Margin Requirement | 50% against equity/equity oriented mutual funds & lender’s discretion on debt/ debt based mutual funds | 50% against equity/equity oriented mutual funds & lender’s discretion on debt/ debt based mutual funds |
| Maximum Cap on Loan Amount | ₹10,00,000 against physical shares | ₹ 20,00,000 against Demat shares No capping on the loan amount |
| Loan Processing | Slow, tedious and time-consuming | Swift and Easy |
The above comparison proves beyond doubt that an NBFC or Non-Banking Financial Company is a safer, faster and more effective provider of loan against securities(las) in India. You can fund your cause without facing the usual loan approval and disbursement delays that are common to banks. The absence of capping on the sanctioned loan amount makes the NBFC approval process very flexible. You can apply for a loan of any amount provided you have the required investments to offer as securities. The loan against securities interest rate will also vary accordingly.
When you want the best, you have to bond with the best!
Being market leaders place certain responsibilities on us. We want to give you a hassle-free experience by keeping the system simple and swift.
Now you can raise funds using your securities as collateral.
Let us take a look at the process we follow at RDQ Finserv, the no 1 finance company in Kolkata West Bengal for raising a loan against securities.
To make it easy for you we have kept the process easy and uncomplicated. Checklist for documents required :
The steps involved in the actual process of applying for the loan are given below. :
To be eligible for obtaining a loan against your securities(las) in India, you have to fall under either of the below-given categories.
An Individual, Proprietor/LLP, Private or Public Limited Company or a Private Trust, anyone can apply for a loan against mutual fund to meet requirements related to:
Loan against Securities can be availed of in two forms. A brief look at the two is given below.
All applications for loan against securities are reviewed for their creditworthiness before the loan is approved. This review is done based on certain parameters that include:
If your investments are good enough to be held as collateral, you can use them to apply for a loan against securities. The security furnished is the key loan against securities eligibility criterion. For most NBFCs like RDQ Finserv, features of “good” security include:
We provide you with facilities that are customised and unique. This makes the loan application process uncomplicated and hassle-free.
Reach out to us for any further queries. We value your time and your sentiments. Our representatives are ever-ready to help.
Traditionally a loan against security could be obtained only against collaterals such as gold, property or car. Today the scenario has changed. Now you can pledge your stock market financial investments like shares, debentures, mutual funds etc., as collateral and obtain a loan. This innovative and unique credit service is known as ‘Loan against Securities’.
No upper limit has been fixed when availing of loans from NBFCs. However, when you avail of this service from the bank, the loan amount is fixed at ₹10 lakhs against physical shares. The loan against securities eligibility when applied against dematerialised shares is ₹20 lakhs.
All Individuals, proprietary concerns, Limited Liability Partnerships, Private or Public Limited Companies and Private Trusts are eligible to apply for a loan against securities they hold in the Indian financial market.
A loan against securities(las) in India is usually taken to meet unprecedented and urgent requirements for funds. You can:
Most lenders offer two types of products. They are:
The Credit Underwriting process reviews the loan application based on:
When you provide good security, you become eligible for obtaining a loan against securities(las) in India. Securities are classified ‘good’ if they:
RDQ Finserv follows a very simple documentation process. The documents required to check your loan against shares eligibility include:
No additional collateral is required when you avail of a loan against securities from RDQ Finserv, the no 1 finance company in Kolkata West Bengal. Just pledging your security is enough for us
After you submit all the required details and certificates, we will offer you a probable loan sanction estimate with 2 hours. The actual loan against securities eligibility approval process takes 24 hours and the amount is transferred to your bank account within 48 hours.
When you pledge equity or equity-oriented mutual funds, the loan against mutual fund eligibility is up to 50% of the current market value. However, the margin on debt/debt-based mutual funds depends on the lender’s discretion.
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