Loan Against Share – How To Take Loan Against Shares ? – Comprehensive Guide 2024

February 3, 2024Last Updated: February 2, 2024

Mirae Asset offers a revolutionary financial solution, empowering investors to leverage their share portfolios through Loan Against Share (LAS). This innovative offering combines efficiency and flexibility, providing a seamless and fully digital process for borrowers.

LAS Limit on Same Day

Mirae Asset ensures quick access to funds with a Same-Day LAS Limit, allowing investors to meet urgent financial requirements without delay.

Competitive Interest Rates

Benefit from interest rates ranging from 9% to 24% per annum, making Mirae Asset’s LAS an attractive and cost-effective financial instrument for borrowers.

Also Read…. Loan Against Mutual Fund

100% Digital Process

Experience the ease of a fully digital process, simplifying documentation and ensuring a hassle-free application and approval journey.

Zero Prepayment/Foreclosure Charges

Flexibility is paramount. Mirae Asset stands out by offering zero prepayment and foreclosure charges, empowering borrowers to manage their loans on their terms.

Loan Tenure and Value

With a loan tenure of 12 months, borrowers can choose a repayment schedule that suits their financial strategy. Mirae Asset provides loans ranging from ₹10,000 to ₹1 crore, catering to a diverse set of financial needs.

Documentation Simplified

Submitting PAN and Aadhaar details is all it takes to initiate the process, streamlining documentation and expediting loan approval.

Fixed Processing Fees

Avail of the LAS facility with a transparent fixed processing fee of ₹999, ensuring clarity in financial transactions.

Bounce Charges

While the process is designed for convenience, it is crucial to note applicable bounce charges set at ₹500 plus taxes, providing a clear understanding of potential fees.

Conclusion:

Mirae Asset’s Loan Against Share is a game-changer, offering a blend of speed, flexibility, and transparency. Empower your financial journey with this cutting-edge solution, unlocking the true potential of your share portfolio.