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Demat Share Loan: Many times we need money immediately, at that time we are not able to take a loan even from the bank, because the loan process is long and time consuming. In such a situation, we are going to tell you a special method by which you can get a loan quickly and at a lower interest rate from the bank sitting at home.
If you have a demat account then you can take a loan on the basis of it. In which CIBIL score is not required. According to SEBI data, there are more than 11 crore demat accounts in the country, through which other investments including shares, securities, bonds, ETFs and mutual funds are being made. You can take a loan against any of these investments.
How to get loan?
If the demat account contains an investment portfolio including shares, securities, ETFs, mutual funds, you can avail a loan against any of these investment options. In which quick and short-term money needs can be met without withdrawing investments from shares or securities. Shares or your investment option must be presented as collateral. The process is simple and fast.
Returns on investment are high and interest is also low
When you get a loan against your investment option, your investment continues. In which the benefits of returns, bonus, dividends are available as per the market. So that you can repay the loan from his returns. On which interest is less as compared to personal loan.
Who will get the loan?
To avail loan against demat shares the age limit of the borrower should be between 18 years to 65 years. You can take loan only against deposits and investments made in demat account. Apart from this, ID proof, address proof, income proof and bank statement are also necessary.
How much loan can you get?
An investor can get a maximum loan of up to Rs 20 lakh through demat shares. In which the investor can get a loan up to 50 percent or 75 percent of the market value of the pledged shares. Pledged shares cannot be sold. You can sell only after repaying the loan.
