People in Pune are very much involved in investing their hard earned money in mutual funds, shares, government bonds, securities, life insurance policies, etc. But emergencies can knock your door anytime. At that time instead of running here and there for money you can use your own investments. Individual can unlock the power of his own investments. Without liquidating your own investments you can get the benefits of it in your own city Pune. There are many advantages of taking a loan against your securities. You don’t have to pay any equated monthly instalments. You need not give any post dated cheques to the bank from where you take the loan. If you want to pre close your loan , no need of paying pre – payment charges to the bank. A current account is opened in your name. The loan amount is deposited in that account. Interest is charged only on the amount you utilise on daily basis. Its very simple to avail this loan and speedy processing makes it utmost comfortable for you to get the loan amount. Discounted rates are offered to customers when you apply through letzbank.
1. Mutual Funds
For equity funds only individuals can apply. For debt funds all can apply. 50 % of the NAV is funded. Loan is granted to the approved list of mutual funds and schemes.
2. Demat Shares
Only individuals can apply. Loan is offered against the list of approved scripts. Up to 85 % of the LTV.
3. Life Insurance policies
Salaried individuals can apply for loan against LIC Policies. The loan is granted against the approved list provided by the banks.
4. NSC / Bonds /KVP
Loan is granted against the NSC /KVP and Bonds .
5. Fixed Deposits
You can always take a loan against your fixed deposits. Its an easy and secured way to meet your financial and personal expenses.