If you want to get a quick secured loan then there are two options that you can look at. One is to borrow money from your relatives and the other is to borrow money from a private loan lender. The loan against shares is one such option. This is because it is almost impossible to get a loan from a bank since most of them are reluctant to offer money in this environment. However, if you have some property that you can offer as collateral or if your friends or relatives are willing to place their property with you as security then you can look at the loan against shares.
Unlike a conventional loan, where you have to pledge something as a security, in the case of a loan against shares you do not need to do that. So if you’re looking at an advance loan of just 50% of the market value then you’ll need to pledge shares worth only Rs 6000. The only disadvantage of this is that you’ll be placed at a disadvantageous position when it comes to interest rates. However, this is not a permanent drawback and can easily be sorted out as soon as you get a fixed rate.
Also unlike conventional loans, these do not require any sort of security. The biggest advantage of these loans is that they do not require any sort of security. That means that even if your property is pledged as collateral, you won’t be asked to give any security or return the same once you fail to repay the loan amount. The advisor will simply take care of collecting the payments from you.
There are many advantages of “No Short” Stock loans as well. For starters, you will never have to face any sort of problem regarding arrears. Also, these loans are very easy to secure as they are offered by most financial institutions and banks. Also, they are readily available and quite possible to acquire. These loans are the best solution for anyone who is facing financial problems.
You can find a lot of financial institutions and banks that are willing to lend you a loan amount of up to 50 percent with or without pledging collateral. However, you should look for lenders who are more flexible with their policies. Banks lend money at very high rates of interest. It is always preferable that you opt for such type of a bank that has a low rate of interest. This way you can easily manage to make repayment on time and within a relatively short period.
You should also look for lenders who are offering the non-recourse stock loan. This kind of non-recourse stock loan is generally offered by the same financial institutions that offer secured loans. They also have the advantage of offering a fairly low-interest rate on the loans.
Also, the repayment term is quite long and you can easily pay them off within a few years. To get such a loan, all that you need to do is fulfill the eligibility criteria and provide the necessary proof to the lender. This way you can easily get the desired money at a low-interest rate and convenient repayment terms.