A Bond is a fixed income instrument that is given to a borrower by an investor.
Bond is like a loan which you take from an investor. For eg. if you buy a Bond from a company, then you have that amount to the company, and like any other loans you earn an interest on your investment.
What are the documents required for loan against shares?
For an Individual borrower
- PAN Card
- Aadhar card
- One Cancelled cheque/ Bank Statement
For a Company Borrower
- MOA/AOA
- List of Directors
- Shareholding pattern
- Board Resolution
- PAN Card and address proof of the company & Director
- Cancelled Cheque/ Bank statement
FAQs
- What is loan against securities?
Loan against securities is available in the form of an overdraft facility which is pledged against securities like shares, units and bonds. Loan against shares/bonds/Mutual Funds 8is basically a loan where you pledge the securities you have invested in as collateral against the loan amount. A loan against securities is the best way to make your investment work harder and smarter than you.
Loan against securities have following features and benefits-
- It has High Loan Value as it is up to 10 crores.
- Dedicated relationship manager is available 24/7 to assist you with all your request.
- Nil part payment and foreclosure allows you to repay the loan at your convenience, as and when it’s feasible for you.
- Online account management is there, as you can manage your account from anywhere. Easy documentation is there as it does not require any financial document to avail ona against securities.
- What is loan against Shares?
Loan against shares enables you to borrow funds against listed securities such as shares, Mutual funds, insurance and bonds to meet your current financial needs.
Its Features and Benefits
- It has High Loan Value as it is up to 10 crores.
- Dedicated relationship manager is available 24/7 to assist you with all your request.
- Nil part payment and foreclosure allows you to repay the loan at your convenience, as and when it’s feasible for you.
- What is the interest rate for loan against asset?
Where a borrower pledges an asset as a collateral. With this type of loan, the borrower gts access to a high loan amount at affordable interest rates. A borrower can avail upto 80% of the asset value. Some of the common type of loan against asset includes-
- Loan against commercial and residential property.
- Loan against cars
- Loan against investments such as fixed deposits.
- Loan against securities like mutual funds, shares, bonds, insurance policies.
- Loan against valuables such as gold.
- Loan against investment such as Fixed deposits.
- Loan against valuables such as gold.
- Loan against Land.
- Loan against future payments such as the rent of commercial properties.
- What is a secured Loan?
A secured loan is a type of loan in which a borrower pledges an asset such as car, property, equity, etc against that loan. The loan amount made available to the borrower is usually based on the value of the collateral.
Types of secured Loan
- Real estate, including any financial equity earned since purchasing the residence.
- Bank account such as savings accounts and fixed deposits.
- Commercial and residential property
- Private vehicles.
- Stocks, mutual funds, or bond investments.
- Insurance policies, including the insurance
- Precious metals, high end collectibles, and other valuables.