Loan Against Bonds
Eligibility
Eligibility Criteria:
AbhiLoans is committed to simplifying and ensuring accessibility in the borrowing process for everyone. To establish a fair and transparent lending system, we have defined specific eligibility criteria. Before applying for a loan with AbhiLoans, please take a moment to review the following requirements:
- Minimum age requirement is 18 years.
- Possession of a valid PAN and Aadhaar Card is mandatory.
- A valid email ID and mobile number are required.
- You must be a resident of India.
We strongly encourage you to provide accurate and complete information during the application process to increase your chances of approval. If you have any further inquiries regarding the eligibility criteria or the loan application process, our customer support team is readily available to assist you.
FAQs on Eligibility
Most frequent questions and answers
To qualify for a loan against your bonds, it is essential to meet the following eligibility criteria:
- You need to be an individual resident of India.
- You should have a valid bank account with internet banking access.
- It is necessary to possess a valid PAN (Permanent Account Number) and Aadhaar Card.
By fulfilling these requirements, you can meet the eligibility criteria for obtaining a loan against your bonds.
Abhiloans offers loans against bonds without the need for credit score checks. We recognize that a credit score does not fully reflect an individual’s financial situation, and we are committed to providing accessible loan options to our customers. Your eligibility for a loan is determined based on factors beyond just the credit score, allowing us to offer financial solutions to a wider range of individuals.
To meet the eligibility criteria for a loan against your bonds, it is typically necessary to have a minimum portfolio value of approximately Rs. 25,000 or higher. This requirement ensures that there is a sufficient value of assets available to secure the loan. By meeting this criterion, you can qualify for a loan against your shares.
Certainly! The availability of a loan against bonds is not contingent upon having a regular source of income. The value of your bonds serves as the primary factor in securing the loan, allowing you to obtain financing even in the absence of a steady income stream.
At present, pledging jointly held bonds online is not an available option. To learn about the offline process for pledging these bonds, we recommend reaching out to our support team. They will guide you through the necessary steps and provide you with the information you need to successfully pledge jointly held bonds. Our dedicated support team is ready to assist you in understanding the offline pledging process.