Have you invested in any of these investment plans such as mutual funds, equity shares, bonds, and debentures? Then, you have already sorted out your finance well. However, if you are in a financial trouble, you should not monetize it by withdrawing it. You can simply apply for a loan against shares to raise capital for your personal or business funding needs. A loan against shares is a secured loan, where you are keeping your shares and securities as the collateral against your loan.


The process to apply for a loan against shares:

First step, compare and select the best financial institution that are offering such loan at a lower rate of interest

Second step, check if you qualify the eligibility criteria set by the lender

The basic eligibility criteria include:

1) Be an Indian resident
2) Should have the minimum age of 25 years at the time of loan sanction
3) Must be a salaried or self-employed individual, with a regular source of income
4) Have the value of the securities minimum Rs.25 lakhs

Third step, fill the online application form available at the website of the chosen lender

Fourth step, receive a confirmation e-mail and SMS to know the status of your loan application

Fifth step, submit the required documents to the lender

To know the list of documents and the other steps of loan application, read: