Loan Against Securities
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What is a loan against security and eligibility to apply?
Unlike traditional loans where gold, property or car was given as collateral to obtain a loan, you can now take a loan by pledging your financial investments like mutual funds, stocks, life insurance, bonds, equity etc. Interest is computed only on the utilized amount of the approved loan.
Rurash is facilitating loans against securities to the following eligible categories that are Indian-registered for a tenure of 12 months and renewable thereafter.
Individuals
Corporates
HUF & Partnerships