Getting loans in Bangalore can be tough with numerous loan schemes available in the market. Your security deposits such as shares, fixed deposits, L I C et. can help you avail a loan against them to meet your requirement by simply applying for loan against securities in Bangalore. Your loan application has 100% chances of acceptance if you avail loan against your existing deposits and your shares
Loan against Securities in Bangalore
Loan against security are loans that are availed against your security deposits which can be anything varying from mutual funds, shares, bonds and insurance. You make use of your security deposit to meet your immediate financial requirement by obtaining loan against them especially when you need instant liquidity for your personal needs or business requirements. Loan against Securities are much cheaper way of availing loans for your financial requirements compared to other loan products.
• Loan Amount - You can avail loan amount upto Rs. 15 Crores against your saved securities. For availing loan against your fixed deposit the loan amount that can also be availed as under:
☞75% of the fixed deposit amount for Cumulative fixed deposits
☞60% of the fixed deposit amount for Non-Cumulative fixed deposits
• Rate of Interest - The loan against securities can be availed at rate of interest upto 12% p.a. which can be compared to any personal loan scheme.
• Loan Tenure - The loan against securities can be paid back over a period of 12 months.
• “Nil Foreclosure Charges” and “Nil Part-payment Charges” - Loan against securities can be availed with an added advantage of “Nil Foreclosure Charges” and “Nil Par-payment Charges” along with flexible repayment option.
• NO Collaterals & Guarantors required – Since you are already availing a loan against security (shares/deposit), collateral or are guarantors are not required for availing these loans.
Are you Eligible?
You are eligible to avail Loan against security in Bangalore if:
• You should be a resident of India with a minimum age of 25 years.
• You should be either a salaried or self-employed individual with a regular source of income.
• Applicant should own securities worth Rs 25 Lacs.
Duly filled application form, Recent passport sized photograph, Identity Proof issued by govt. of India, Address Proof, Date of Birth Certificate, IT return certificate, Bank statements for past 3 months, Last 6 months salary slip.
• Loan against securities in Bangalore can be availed at Letzbank by simply signing up on the website Letzbank.
• On the website you will find simplified comparative loan products offered by top banks in Bangalore as well as all over the country, which would make your search simple and lot easier.
• Your decision to submit an online application will help you waive off “Service Fee” applicable on your loan and also help you avail your loan against securities without much hassle in Bangalore.Apply Today @ Letzbank!