Loan against share is offered against listed securities. Investors can borrow funds against existing investment portfolios to meet investment and liquidity requirements. The money that the borrower has invested in can get him a loan.
Just so, what is meant by loan against shares?
Loans Against Securities is available in the form of an overdraft facility which is pledged against financial securities like shares, units and bonds. Loan Against Shares/Bonds/Mutual Funds is basically a loan wherein you pledge the securities you have invested in as collateral against the loan amount.
| Bank/Lender | Interest Rate |
|---|---|
| ICICI Bank | On the basis of the tenure and the amount withdrawn |
| Tata Capital | 10.50% onwards |
| State Bank of India (SBI) | On the basis of the selected scheme |
| Axis Bank | 10.50% to 12.75% p.a. |
Likewise, people ask, can I use personal loan for trading?
However, you should be prepared to also accept the fact that using a personal loan for intra-day trading may not be a good idea. The market is extremely volatile at this moment, and if your investments don’t pan out, you will still be left with EMIs to pay.
How can I get a loan against my property?
You will need the following documents* to apply for a Loan against Property:
- Salaried individuals.
- Latest Salary Slips.
- Bank account statements of the previous 3 months.
- PAN card/Aadhaar card.
- Address proof.
- Copy of the documents of the property to be mortgaged.
- IT returns.
- Self-employed individuals.