Loan Against Securities
Eligibility
Eligibility Criteria:
At AbhiLoans, we are dedicated to making the borrowing process easy and accessible for everyone. To ensure a fair and transparent lending system, we have established 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 an Indian resident.
We encourage you to provide accurate and complete information during the application process to enhance 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 securities, please ensure that you meet the following eligibility criteria:
- You must be an individual residing in India.
- You should possess a valid bank account and have internet banking access.
- You should have a valid PAN (Permanent Account Number) and Aadhaar Card.
- Meeting these requirements will make you eligible to apply for a loan against your securities at Abhiloans.
At Abhiloans, we believe in providing accessible loan options to our customers, which is why we offer loans against securities without the need for credit score checks. We understand that a credit score may not fully represent your overall financial situation and that individuals deserve opportunities based on their specific circumstances. Our goal is to provide inclusive lending solutions that focus on your potential and the value of your shares, rather than solely relying on credit scores.
To be eligible for a loan against your securities, it is generally required that the minimum value of your portfolio is around Rs. 25,000 or higher. This ensures that there is an adequate value of assets to secure the loan.
Absolutely! The availability of a loan against securities at Abhiloans is not dependent on your source of income. We understand that individuals may have various sources of wealth and assets, and we take into consideration the value of your securities when assessing your eligibility for a loan. Even if you do not have a regular source of income, the value of your securities can serve as collateral to secure the loan. We aim to provide flexible loan options that accommodate different financial situations and empower you to access the funds you need based on the value of your securities.
Currently, we do not offer the online option to pledge jointly held securities. To explore the process of pledging these securities offline, we suggest contacting our support team. They will provide guidance on the necessary steps and assist you in understanding the offline pledging process for jointly held securities. Our support team is committed to ensuring that you have the information and assistance needed to successfully pledge your jointly held securities. Feel free to reach out to them for personalized support in navigating the offline pledging process.