Loan against Securities in Ahmedabad

Loan against Securities in Ahmedabad: Loan against security is a loan given to the customer against the pledge of a security. You can always pledge the following securities to avail a loan against it:

  • Non convertible debentures
  • Selected Private Insurance policies
  • NABARD Bonds
  • UTI Bonds
  • Demat Shares
  • National Savings certificates
  • Kisan Vikas Patra
  • MutualFunds
  • Gold Deposit Certificates
  • Equity Shares

Instead of selling off your security, loan against securities in Ahmedabad allows you to avail finance for time being. This means without selling your shares you get cash very easily at the time you need it. Also you are not deprived of the benefits, bonus and dividends. Normally a current account is opened in the name of the applicant and interest is charges on the amount utilised and the time of utilisation.

Features of Loan against securities in Ahmedabad
  • It is a secured loan.
  • Debentures, mutual funds, shares, bonds are pledged as a security against the loan.
  • Facility in the form of OD against list of approved securities
  • Facility up to 85% of security value.
  • Quantum of finance – 1 lac to 5 crore
  • Rate of interest starts from 10. 15% to 15 % depending on the bank norms.
  • 2% processing fees is charged from the applicant.
  • No pre payment charges are taken from the customer.
  • Age of the applicant should be between 18 years to 65 years
  • Loan has to be repaid within a fixed period. Failure of which results in filing a recovery case against the borrower.
  • Doorstep service is the most loved feature by our customers.
  • Tie up with most of the reputed lenders across the country. Public sector banks as well as private sector banks are our partners.
  • Best and valuable deals @ letzbank
  • Special discounts and lucrative offers are available at Letzbank
Eligibility Criteria for availing loan against securities
  • You should be a resident of India.
  • You should be at least 25 years of age to avail loan against securities.
  • You should be a salaried or self-employed professional with a regular source of income.
Documents required for Loan against securities:
  • Address Proof- Electric Bill, Telephone bill, Voter ID card( any one to be submitted).
  • Identity Proof – Voter ID Card / Driving License / Employer's Card
  • Salary Account Bank Statement- Last 6 Months
  • Salary Slips last 6 months
  • Form 16
  • Latest statement of holding for mutual funds
  • Latest certificates, bonds, policies, etc against which you are planning to avail the loan.
How to apply for Loan against Securities in Ahmedabad

Loan against securities can be availed from letzbank . Just login to letzbank. We simplify your search for loan against securities in Ahmedabad. All you have to do is to submit the online application on our website. Best offers and deals are available from various top lenders in the market. Choose the bank which offers you the best and valuable deal. Then we shall guide you further the avail this exciting offer.