Bajaj Finserv provides a specific loan that aims to provide liquidity on assets without actually having to cancel investments. Financial needs are aptly addressed through this variant of secured loan that uses investments made by the applicant as a virtual collateral.
This unsecured loan is provided to people with investments in listed securities like shares, mutual funds, insurance and bonds and thus requires no guarantors or collaterals. The loan thus availed can be used for any personal or business need that might have come up urgently and needs to be addressed.
An unsecured loan against investment in shares, this specialised loan has a few eligibility criteria to be met in order for the institution to be able to sanction the loan. The eligibility requirements can be mentioned as follows –
Loan against Shares from Bajaj Finserv is an exclusive demand loan that has very short turnaround times for approval and can be repaid as early as possible with no pre-closure fees.
Based on the credit-worthiness of the applicant, validity of documents and value of the securities, Bajaj Finserv can provide loans within a range of INR 15 lakhs to INR 10 crores.
Interest rates for a Loan against Shares could range from 11% per annum to higher figures based on Bajaj Fiserv’s discretion.
The standard list of required documents for applying for this loan are mentioned as follows –
The Loan against Shares from Bajaj Finserv is an unsecured loan that requires no guarantors or collaterals and is a really good financing option for urgent financial needs on personal or business grounds.
Some key features of this specialised loan are as follows –
The loan can be applied for through Bajaj Finserv’s website, as well as forms can be downloaded, filled and submitted along with relevant documents at a local branch. Additionally, one could call or mail Bajaj Finserv requesting an executive assistance for application process.
One can also apply for Bajaj Finserv Loan against Shares through BankBazaar, wherein eligibility charts, EMI calculators and infographics can guide one through the application process.