As we prepare to celebrate the arrival of a new year, it is the right moment to start a journey towards financial freedom. Picture a remedy that not only takes care of your immediate cash requirements but also allows your investments to thrive!
That is exactly what 24x7 Loans Against Securities (LAS) can offer! In this guide, we will show how a 24x7 Loan Against Securities can be your financial companion. They can assist you in realising your dreams, meet financial emergencies, and optimise your financial game plan.
Benefits of 24x7LAS
1. Quick access to funds
LAS offers swift access to financial assistance. This unique solution allows you to pledge securities such as shares, bonds and Mutual Funds as collateral. Thus, you can get immediate cash without selling your securities, ensuring your investment portfolio remains intact.
2. Efficient financial assistance
One of the chief
benefits of 24x7 LAS is its efficiency. The loan approval and disbursement typically occurs within a few minutes, which is particularly useful in emergencies. This quick process means you can address your immediate financial needs easily.
3. Asset retention and future gains
Unlike liquidating investments, a
24x7 LAS allows you to retain your assets while benefiting from potential future gains, such as dividends or bonuses. This means you can continue to realise the full potential of your investments even while they are pledged. It is like having the best of both worlds!
4. Lower interest rates
Since LAS is secured against valuable assets, Axis Bank typically offers lower interest rates than
Personal Loans or Credit Card debt. This makes 24x7 LAS a cost-effective choice, helping you save money in the long run.
5. Flexible utilisation
24x7 LAS functions as an overdraft facility where interest is charged only on the withdrawn amount for the period of its use. For instance, if you pledge securities worth ₹1 lakh and withdraw only ₹20,000 for 3 months, the interest will be charged solely on ₹20,000. This provides greater flexibility, allowing you to use the funds as you see fit.
Uses of 24x7 LAS
1) Upskilling for professional independence
Dreaming of that certification that will skyrocket your career? A 24x7 Loan Against Securities can be your financial buddy, helping you invest in yourself without breaking the bank.
You can avail this loan to pursue the education or training you have been looking forward to. The process is straightforward and the funds are versatile, allowing you to use them as you see fit.
Also Read: 5 reasons to Apply for Loan Against Securities
2) Capitalising on investment opportunities
With a digital LAS, you are always ready to seize investment opportunities. Axis Bank offers up to 85% of the value of your total securities! Make the most of opportunities without liquidating your assets, ensuring you take advantage of potential gains.
3) Dealing with emergencies
Life is full of surprises. Whether an unexpected medical bill or an urgent home repair comes up, a digital LAS provides quick financing to meet your needs, giving you peace of mind.
Axis Bank's 24x7 Loan Against Securities provides loans at an attractive rate of 9.99%. You can avail up to 85% of the loan amount of security value and need to pay interest only on the amount utilised. It acts as an emergency fund, providing fast financing to meet your needs.
Managing a Loan Against Securities
While LAS has many benefits, it is crucial to manage it effectively to avoid any potential downsides. As the loan value depends on the combined cash value of the securities, you should be aware of market fluctuations which could affect the value of your pledged assets. Many financial analysts advise against borrowing against securities in market conditions when prices are likely to fall.
Conclusion
Whether you are looking to upskill, capitalise on investment opportunities, deal with emergencies, or optimise tax benefits, LAS has got you covered. With Axis Bank’s 24x7 Loan Against Securities, you are not just borrowing but also stepping into a world of possibilities.
Also Read: Which Loan Against Security option is suitable for you?
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
