The first company to offer wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital loans!!
Due to the Covid-19 epidemic, the economic conditions of many people have startled, but those who planned wisely did not face such troubles. You must have heard about taking a loan by mortgaging the house or taking a loan by mortgaging the jewelry. Today here we will tell you how you can take a loan against your shares by pledging it. Let us tell you that you will get this loan online.
Which firm is giving a loan?
Geojit Credits, the NBFC arm of brokerage firm Geojit Financial Services, has launched a platform to offer loans against shares-LAS for stock investors. Geojit has become the first company to offer wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital loans to any Demat account holder registered with National Securities Depository Limited (NSDL).
According to Moneycontrol, Padmaja Chandru, MD, Geojit National Securities Depository Limited (NSDL), said that the facility of giving loans against shares digitally will greatly benefit the investors. Investors can take funds for investment digitally or they can also use it as a personal expenditure.
Other banks also give loans against shares: It is worth noting that customers can also take loans against shares from big banks like SBI, ICICI, HDFC. However, the condition for this is that it is necessary to have your Demat account with this bank only then you will get the loan. Under this facility, you can take a loan from Rs 50,000 to Rs 20 lakh.
click and follow Indiaherald WhatsApp channel