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LAP, popularly known as Loan Against Property is a well-known type of loan among investors looking to raise instant capital. Similar to pledging property as collateral, the customers can pledge other aspects of their securities as collateral to the bank or the financial institution they are availing of a loan with.Â
Loan Against Shares or Securities (LAS) offers a similar criterion as LAP, but to bring forth an instant loan against Demat shares and equity shares without selling them. LAS, unlike LAP, lets you make the most of your share market investments without compromising a most cherished physical asset as a liaison.
When it comes to making the most of your share market investments, a loan against shares (LAS) can be a great option to consider. As discussed earlier, with this type of loan, you can borrow money using your shares as collateral, meaning that you won’t have to compromise a most cherished physical asset in order to get the funding you need. Plus, the process of securing a LAS is typically much simpler and quicker than other types of loans, making it a great option for those who need cash fast.
Additionally, the customer may avail of an overdraft facility of an undetermined value against the shares pledged. The limit value is therefore determined by the value of the share and is advanced to the customers at interest rates lower compared with personal loans.
Speedy loan approval
Get instant approvals on loans with a loan against share facility at Loanz360. Our financial partners at Loanz360 work towards meeting your end goals in just three easy steps. We are now digitized with only minimal documentation and a hassle-free process.
Overdraft facility
The overdraft facility on the loan allows our customers to raise steady cash easily without selling those shares and losing the benefit of being a shareholder.
Easy repayment
The overdraft facility further offers customers to pay interest only on the amount used (utilized funds). The fund limit will depend on the shares pledged and is flexible.
Digital access to funds
Automated digital access to the funds will allow our users to access their funds from the comfort of their homes digitally. The customer need not commute between banks or the marketplace to access their capital, with dedicated financial experts at Loanz360 to help with the process.
Auto-renewable facility
With loans against shares, get an auto-renewal facility for the restored funds at the end of each year.
Doorstep service
Loanz360 financial partners will process your loans quickly, while our representatives will make sure your documents have reached your doorstep without you having to burn the fuel to travel in between. Contact our help desk to learn more about our facilities.
Zero prepayment charges
Zero prepayment and foreclosure charges are made possible with our partnerships. We offer you the best deals at better terms with our financial partners. You can now waive off those pesky charges and lessen the repayment burden on your shoulder.
High loan to value
The loans offered on shares can extend up to a value in crores (at some banks, NBFCs), with minimum fund access to 25,000INR. Additionally, you can now get up to 50% of the current share value with most banks or financiers at Loanz360 at lower interest rates and flexible terms.
Note: Only the shares registered with the individual can be pledge3d. Not applicable to minors.
Age: 18 – 65 years (Conditions Apply)
Type of employment: Salaried/Self-Employed/Business Owner(Govt, Large Enterprises, Sole Proprietorship, Etc.)
Nationality: Resident of India/NRI (Conditions Apply)
Income: Monthly Minimum ~ Rs. 10,000/- and above (Salaried/Self-Employed), Minimum ~ Rs. 2,00,000/- p.a onwards (Business Owners)
CIBIL Score: Any profile(Credit score ~ 650 or above has a higher chance of getting a quick and instant loan with high funding at lower interest rates)
Employment Stability: Stable income and continual flow of money
Note: The eligibility criteria mentioned above are generic and may vary from lender to lender. Please reach out to us at Loanz360 for a personalized eligibility chart.
Note:Â Documents requested may vary from lender to lender, contact Loanz360 for any inquiry.
Proof of Identity – Voter’s ID/Passport/PAN Card/Form 60/Driving License/Aadhaar Card
Address Proof – Voter’s ID/Passport/PAN Card/Driving License/Aadhaar Card/Electricity Bill/Ration Card/Copy of Utility Bill/Insurance Bond/Bank Statements/Income Tax Assessment Order/Property Registration documents/Pensioner Book/Property Tax Receipt/Employer Certificate
Income Proof Documents (Business Owners) – The latest copy of Income Tax Returns (ITR)/C.A certified Balance Sheet and Profit and Loss Statements along with business stability and ownership proof
Additional proofs requested: Signature proof/Bank account proof/Demat account proof
Interest rates on loans against shares are availed against the shares pledged with funding up to 80% of your share value. The maximum loan amount on shares is up to 700 crores in funds with up to 50 lakhs online from Bajaj Finserv. The nature of the loan is an overdraft. This Flexi loan option offers lenders an overdraft limit to utilize funds as they wish and repay only on the funds UTILIZED.Â
Instant cash or working capital options are available to provide much-needed funding alternatives to business owners (purchases/vendors) without funds.
We are partnered with leading financiers such as SBI, Bajaj Finserv, IDBI, EFL, ICICI, Tata Capital, HDFC, Bank of Baroda, Hero Fincorp, Federal Bank, and more to bring you the best deals on your shares with low or zero fees guarantee.
Note: Contact Loanz360 to discuss options. The interest rates may vary subject to conditions.
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