NEWS & ADVICE : PERSONAL LOAN
Loan against Securities: A viable substitute of expensive personal loans
By Vaibhav Aggarwal
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Things to watch out for....

Though some lenders may provide LAS on a continued basis, the usual tenure of LAS is one year only, with the option of renewing it at the end of each year.

Since the value of equity based portfolio keeps on fluctuating on a daily basis, for equity based securities, the value of the overdraft may be revised every week (as the value of overdraft  is dependent on the value of the securities).

If a borrower has shares in physical form, almost all banks will require these shares to be converted into dematerialized form first, before applying for the loan. Though, few banks may provide loans on physical shares also.

Some lenders providing LAS

 

  • Axis Bank
  • Bajaj Finserve
  • HDFC Bank
  • ICICI Bank
  • ING Vysya
  • State Bank of India
  • Vijaya Bank
  • Dhanlaxmi Bank
  • UCO Bank
  • IDBI Bank

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(Comments Posted : 7) Post Your Comments
1. Don't waste time with fake lenders. You have to read this.

I am William Paul Ibrahim, I am aware that most people come here to try and get a loan because I once came to this site to see if I could get a loan. I am not a loan lender but I feel I should share this with you and everyone that uses this website. As you may know, there are many scam activity on the Internet, I have been a victim a couple of times. I know of a lender who will give you a loan and you will not have to lose your money during the process. Contact The company Jones Paul Finance via email: jonespaulloanservice@gmail.com for free.
Jones finance (Posted: Nov 19, 2015)
2. HOW I GET A LEGIT LOAN OF @ 2% INTEREST RATE

when i could not face my Debt any more, my son was on hospital bed for surgery that involve huge money and i also needed some money to refinance then i have to seeks for Assistance from friends and when there was no hope any more i decide to go online to seek a loan and i find Marian Lawson Loan company (marianlawson@outlook.com) with 2% interest Rate and applied immediately with my details as directed. Within seven Days of my application She wired my loan amount with No hidden charges and i could take care of my son medical bills, Renew my rent bill and pay off my debt. I will advice every loan seeker to contact Marian Loan Company with marianlawson@outlook.com
John Hood (Posted: Jul 26, 2015)
3. Welcome to Thomas Credit Firm, I am an international business man and Lender that has offered Loans to so various individual and firms in Europe, Asia, Africa and other parts of the world. We give out our Loan for a interest rate of 2% per annul for a minimum of 100.00 to a maximum of 100,000,000.00 rubles, dollars, pounds, euros, etc. The maximum loan term we can offer is 30 Years at fixed interest rate.
Available Loans
* Personal Loans (Secure and Unsecured)
* Business Loans (Secure and Unsecured)
* Combination Loan (Secure and unsecured)
* Consolidation Loan (Secure and unsecured)
* Mortgage Loans (Secure and unsecured)

Interested candidates should please contact us today for your online quick and easy loan without collateral deposits. Email: thomascreditfirm@gmail.com

Sincerely,
Thomas Dawson (Posted: Jul 9, 2015)
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