Usually loans are associated with private and nationalized banks. However, there are few other lenders which have been trying to compete with bank’s market credibility and market share. Aditya Birla Finance Ltd is one of those prominent non-banking companies related to services and products in financial sector. Amongst various other useful products, the Aditya Birla loan against shares is a well recognized product. As part of loan against shares Aditya Birla Finance provides money in lieu of the shares you own and want to utilize to generate liquidity. The Aditya Birla loan against shares is to both individual as well as corporate clients against the marketable shares. Let us now look at some features of the loan against shares Aditya Birla finance Ltd has to offer.

Aditya Birla loan against shares is offered up to a maximum tenure of 1 year with a facility of pre-payment, i.e you can close the loan before the completion of your tenure by paying some nominal pre-payment charges. The process of procuring the Aditya Birla loan against shares is not too complex. To process and sanction the loan against shares Aditya Birla finance Ltd asks for standard documents like income proof, residence proof etc. along with the post dated cheques. The amount of loan against shares Aditya Birla finance can offer mostly depends upon the valuation of your shares, your credit history and the authenticity of the information you provide to the bank. The minimum loan amount as of now offered by the Aditya Birla finance Ltd is 1 crore. Compared with loans against other securities like mutual funds etc., the amount of funding is usually higher. Also, the Margin offered by the bank is about 30% or above.

Private financers like Aditya Birla finance Ltd claim to score over banks and their products in terms of strong customer support services they have to offer. Regarding the loan against shares Aditya Birla finance Ltd also has a good customer support setup. Any doubts or queries you have related to the Aditya Birla loan against shares, before or after procuring the loan, you can and should call the customer support desk without hesitation.