Finance

Know How Shares Made Loan Simple and Easy

3:56 AM Rajesh singh 5 Comments


 

Whenever we talk about loans, people usually feel discouraged. It is because they believe that acquiring a mortgage is a time-consuming process.

However, the truth is that there are better alternatives like a loan against shares, which are much more accessible and straightforward.

Due to the extreme competition in the Banking and Finance industry, lenders are now coming up with additional features. These features provide flexibility and convenience to borrowers, who are looking to apply for a loan against shares.

On the other hand, it has even affected the loan against shares interest rate. To attract more customers, lenders do not provide you with a varied degree of interest percentage. This will allow you to shop around for the most suitable interest charges in the market.

If you want to know about the reasons that make a loan against shares more convenient, then here are a few points that we have put together.

1. Online process
The first thing that makes a loan against shares one of the simplest ways of acquiring funds is the availability of an online application. With this service, you do not have to visit the financing firms office in person. Overall it saves you from a lot of hassle and travelling as you can get all your work done through the official website of the firm.

2. Personal relationship manager
Every applicant that borrows a loan against share also receives the facility of a personal relationship manager. It means you do not have to contact multiple people to get your questions answered. This relationship manager will handle every detail related to your transaction from start to finish.


3. High loan value
Another point why a loan against share is the most convenient alternative is because it has a high amount of value. Depending on the securities that you are willing to pledge, you will be able to receive a high-level value easily. However, the minimum portfolio value can depend on the organization that you are contacting.

4. Easy documentation
The documentation for a loan is one of the most critical aspects of the entire transaction. It usually requires a lot of time and patience to sort through all the paperwork. But in the case of a loan against shares, you do not have to worry about this situation. It is because most financing agencies provide you with a natural documentation alternative. This way you will be able to upload all your paperwork online, along with your application.

5. Variations of securities
There are various types of securities that you can borrow a loan against. It gives you a more flexible opportunity to generate finance for your expenses. For example, you can take a loan against shares with IPOs, Bonds, Mutual Funds, etc. In other words, whatever assets you might have, you will be able to generate finance easily.

6. Nil advance payment charges
There are times when we are capable of making advance payments on our loans. However, certain institutes might charge you an additional sum of the amount as an advance payment fee.  It is not the case when it comes to a loan against shares.

7. Almost instant approval
Lastly, unlike traditional loan facilities where you had to wait for months before getting the funds; you will be able to receive money almost instantly in this case. Since the entire verification process is conducted online and is transparent, you can get your loan approved within a few business days.


The Bottom Line
All the reasons mentioned above are enough for encouraging you to invest in a loan against shares. It is definitely a secure way of acquiring cash without having to pay high-interest rates.

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