Tapping into the value of your financial investments, like shares or mutual funds, can be a practical way to meet your liquidity needs without selling off your assets. By understanding how to secure a 24x7 Loan Against Securities, you can efficiently navigate your financial demands while keeping your investment portfolio intact. The process can seem complex, but with the right approach and information, it's quite simple.
When considering a Digital Loan Against Securities, the key lies in the intricate details of the process, understanding eligibility, and weighing it against unsecured loans. With its customer-centric products, Axis Bank makes this process straightforward, offering a digital Loan Against Securities (24x7 LAS) that provides you with funds without liquidating your investments.
A Loan Against Securities
A Loan Against Securities is an option to borrow money against your investments, which serve as collateral. These could be your shares, mutual funds and bonds. Instead of disrupting your investment journey, you use them as a guarantee for a loan, effectively continuing to reap the potential benefits of market appreciation.
Eligibility for an Axis Bank 24x7 LAS includes:
• Axis Bank customer with a Current Account or Savings Account
• Demat Account with Axis Securities under NSDL
• Demat holding in single name only
Loan Against Shares eligibility typically involves an assessment of your portfolio's value, your repayment capacity, and adherence to the lender's margin criteria. Keeping your portfolio diversified helps meet eligibility requirements more comfortably, ensuring you're not overly reliant on one asset class.
Also Read: 5 reasons to Apply for Loan Against Securities
Loan Against Security vs. Unsecured Loans: Pros and Cons
While a Loan Against Securities offers lower interest rates due to the collateral, unsecured loans are not backed by such assets, which might lead to higher interest rates.
The former allows you the luxury of still owning your assets, whereas the latter can be more accessible but costlier.
By availing of a 24x7 Loan Against Securities from Axis Bank, you benefit from lower interest rates, quick processing, and the freedom to use the loan for any personal or business need. Additionally, there's no need to liquidate your securities, allowing your investments to grow.
Conclusion
In conclusion, securing a loan against securities is a tactical financial move and a smart way to address your immediate cash needs without disrupting your long-term investment strategies.
With options like the Instant 24x7 LAS facility from Axis Bank, you gain the flexibility to bolster your financial standing promptly and conveniently. Imagine unlocking high-value loans of up to 85% of your securities' value right from the comfort of your home. Not only does this method preserve your existing investments in shares, mutual funds, or bonds, but it also empowers you with its many advantageous features.
So, as you consider applying for a 24x7 Loan Against Securities, remember that with Axis Bank, you choose a pathway designed for ease, keeping your financial growth steady and uninterrupted.
Also Read: Top benefits of Loans Against Securities
Disclaimer: This article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision
