Loan Against Shares
Eligibility Criteria
Leverage your Shares with a loan against them
At AbhiLoans, we are dedicated to simplifying the borrowing process and ensuring accessibility for all. In order to maintain a fair and transparent lending system, we have established specific eligibility criteria. Prior to 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 strongly advise providing 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 be eligible for a loan against your shares, please ensure that you meet the following criteria:
- You must be an individual resident of India.
- You should possess a valid bank account with internet banking access.
- You should have a valid PAN (Permanent Account Number) and Aadhaar Card.
Abhiloans provides the opportunity to obtain loans against your shares without the requirement of conducting credit score checks. We understand that a credit score does not define your complete financial situation, and we aim to offer accessible loan options to our customers.
To be eligible for a loan against your shares, it is generally required that the minimum value of your portfolio is around Rs. 30,000 or higher. This ensures that there is an adequate value of assets to secure the loan.
Indeed, the availability of a loan against shares is not contingent on having a regular source of income. The value of your shares serves as collateral, enabling you to secure a loan even if you don’t have a consistent income stream.
Online pledging of jointly held shares is not available at the moment. To understand the process for pledging jointly held shares, kindly reach out to our support team who will guide you through the offline pledging procedure. They will provide you with the necessary assistance to complete the pledging process successfully.