Trivandrum is one of the cities in Kerala which has a sizable number of people who have investments in stock market; Mutual funds or other securities. Loan Against Securities is an overdraft facility which is pledged against securities like Equity shares, Bonds, Mutual Fund units or Life Insurance Policies. Loan Against Securities enable an investor to make his or her investments work a little bit harder and smarter. It ensures some liquidity on the long term investment of the investor. Finlounge offers the best options available for Loan against securities in Trivandrum.
The interest rate on a loan against securities is normally lower than a personal loan. Moreover, a loan against securities is offered as an over draft account. So the loanee is liable to pay interest only on the utilized limit. It is typical for short term fund requirements. Some people commit the mistake of utilizing the loan amount for purchasing further investment, which is not advisable. Please feel free to contact us in case you need a loan against shares in Trivandrum.
Documentation for loan against securities in Trivandrum
Individuals
- PAN card copy.
- Aadhar card copy.
- Canceled cheque leaf/Bank account statement.
- Two passport size colour photographs.
- DP Account statement.
Company Borrower
- MOA, AOA
- List of Directors.
- Board Resolution.
- Shareholding Pattern.
- PAN & KYC of Company and Directors.
- Canceled cheque leaf/Bank account statement of the company.
- DP Account Statement.