Loans Against Securities is available in the form of an overdraft facility which is pledged against financial securities like shares, units, and bonds. A loan Against Shares/Bonds/Mutual Funds is basically a loan wherein you pledge the securities you have invested in as collateral against the loan amount.
A loan against property helps you to avail timely finance instead of selling off the securities in a haste. The limit of the financial assistance depends on the security that you have pledged. Usually, a current account is opened in the borrower’s name and the rate of interest is calculated on the amount that is withdrawn by you during the period of utilization.
