How to Avail Loans Against Shares, Debentures, and Bonds?Posted by Arwind Sharma on September 28th, 2018 Today, there are many ways in which you can purchase a loan. Banks and NBFCs have various sources to provide you with immediate funds in times of financial crisis. You can borrow these loans as per your repaying capacity and urgency. Loans Against Shares (LAS) is one such loan which you can avail by pledging some of your purchased shares to the lending institution. LAS can be bought by pledging shares, insurance policies, Mutual Funds, Debentures, and Bonds. Every lender has a set of approved securities which contains a list of all the shares which are eligible to be pledged. Though this list varies for every institution, lenders also keep changing the list to maintain the stability and value in the future. The list usually consists of the following securities:
Who Can Avail This Loan?Loan Against Shares is a short-term credit scheme which has to be paid back in a maximum of 12 months. You can also borrow LAS to subscribe for the rights and issuing new shares and debentures against the ones which already exist, and are mortgaged as collateral to a financial institution. Who can apply for the said credit facility? Generally, anyone and everyone in an urgent need for cash can avail loan against shares and attain the lucrative benefits. You must have reached 21 years of age and should be salaried or self-employed with a regular source of income to avail such loans. Bajaj Finserv offers LAS for any of the securities mentioned above for an amount up to Rs. 10 Crore. You can easily get LAS as per your needs from Bajaj Finserv, at attractive interest rates. How Much Amount Can Be Availed?The sum borrowed depends on the type of securities you are pledging to the lender. If the shares are in material form, the amount generally is not more than Rs. 10 Lakhs. However, if the securities are in a dematerialized form, you can avail a larger sum.
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