Need a loan in Hyderabad? Well, your securities such as your shares, fixed deposits, L I C et. can help you avail a loan to meet your financial situation with loan against securities in Hyderabad. Your fixed deposits and your shares are easiest and most convenient way to avail loans against security in Hyderabad.
Loan Against Securities in Hyderabad
What are loans against securities
- Loan against security are loans that can be availed against your shares or fixed deposits, as it enables you to borrow funds against securities such as mutual funds, shares, bonds and insurance to meet your immediate financial needs. You make use of this loan product when you need instant liquidity for your personal as well as business needs and you are certain to payback your loan amount in a couple of months.
- Loan against securities in Hyderabad can be availed at Letzbank. On the website you will find simplified comparative loan products offered by top banks in Hyderabad 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 Hyderabad.
Features and Benefits of availing Loan Against Securities
- You can avail loan amount up to 15 Crores against your saved securities.
- For availing loan against your fixed deposit the loan amount that can 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
- The loan against securities can be availed at rate of interest up to 12% p.a. which can be compared to any personal loan scheme.
- The loan against securities can be paid back over a period of 12 months.
- Loan against securities can be availed with an added advantage of “Nil Foreclosure Charges” and “Nil Par-payment Charges” along with flexible repayment option.
- Since you are already availing a loan against security (shares/deposit), collateral or are guarantors are not required for availing these loans.
Know your Eligibility
You are eligible to avail Loan against security in Hyderabad if
- You are an Indian Resident with a minimum age of 25 years.
- If you are salaried individual with a constant source of income.
- You own securities that are 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.