Benefits to Apply For a Loan Against Securities
When you are stuck in some financial crisis, you should try to get financing that will be less expensive for you. You can always apply for a personal loan, but remember you will have to bear the higher rate of interest, which can make a loan expensive for you. Hence, it will be better to go for a secured loan.
If you do not have any property or asset, do not worry. There are so many things that can be kept as security with the banks or NBFCs to get the loan sanction. Have you ever invested in shares, bonds, stocks, etc.? Then, those are your assets. You can easily keep those as security and get a loan against securities.
The benefits you can get from a loan against securities:
Higher loan amount
If you apply for a loan against securities, you can get loans of a higher value by keeping a collateral. This high loan amount will cover all your needs.
Lower interest rate
The rate of interest of LAS is generally lower and if you apply in non-banking finance companies (NBFCs), you can offer a competitive LAS interest rate and save on EMI repayments.
Assistance from dedicated relationship manager
If you apply for a loan in a leading online non-banking finance companies (NBFCs), you can avail the unique facility of a dedicated Relationship Manager to assist with all your requests. You can call anytime 24/7, ask any question and get clarification instantly.
To know the other benefits, Read: How NBFCS Set Interest Rates on your Loans?