How Can I Get A Loan By Pledging Shares And Other Securities?
08 November, 2021
You can get a loan in 6 simple steps by downloading an application called spark.loans. Yes, it’s that easy!
Thanks to LAS (Loan Against Shares), leveraging your investments has become simpler, especially through digital platforms. At spark.loans, we always strive to give our customers the best digital experience for getting a loan against shares. However, we often also get asked what the process is for pledging shares or other securities as collateral.
We’re here to help you understand this better. Let’s begin.
What Is LAS or Loan Against Securities?
The product that allows you to get a loan by putting your securities as collateral is called Loan Against Securities or LAS. Through this product, you won’t have to sell your investments to get money, instead, you can keep them as collateral and get a loan on the value of your stock portfolio. Once you repay the loan you can enjoy your investments as they are or sell them when you see fit.
This way, you get to enjoy dividends as well as get cash on the side for your financial goals or dreams.
What Are The Benefits Of LAS With spark.loans?
Various banks and financial institutions provide their own services for LAS. These offerings can vary from bank to bank with different terms and conditions.
With us, you get to have complete control over your loan. Get a dedicated credit line on your portfolio value. Pay interest only on the amount that you utilize, click here for more information on our fees and rates.
Other benefits include:
- Complete digital experience
- Credit line facility
- Easy application process
- KYC verification
- Flexible payment options for the principal amount in case of an overdraft, and monthly interest payment only
- No hidden costs
- No formal credit requirements like credit score, employment proof etc.
What Is The Process Of Getting LAS?
With spark.loans you can get instant loans with 6 simple steps.
Step 1: Download the spark.loans app from the Play Store
Step 2: Register and verify your mobile number
Step 3: Verify your KYC details
Step 4: Select the securities that you want to keep as collateral
Step 5: Pledge securities
Step 6: e-sign the application
Your credit line is open!
If you have any queries for availing loan against shares and other securities, then don’t hesitate to get in touch!
Ready? Get started.
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