Similar to its other products, the Axis bank loan against shares is another reliable offering from the bank. If you are looking for quick finance and thinking of selling your shares, think twice. You can get the same finances from your shares without even selling them. This is what Axisbank loan against shares is all about. Usually people do not even know that there is such an offering like the Axis loan against shares at their disposal and that is why at Money Super Bazaar we are here going to discuss about the Axis loan against shares.

As the name suggests, the Axisbank loan against shares is offered when you pledge your shares in favor of the bank. However, the shares are still owned by you. The Axis bank loan against shares is open for individual borrowers only. As of now they don’t entertain companies and firms for this product. The process for the Axis loan against shares application is quite straight forward and simple. You just need to put an application with the bank showing the worth of your shares. You also don’t need to chase the bank for your Axisbank loan against shares application. Their representatives contact you themselves once you show the intent. As per the bank’s policy for all products and services, they adopt high level of transparency for the Axis bank loan against shares also. For instance, you are notified of the status at every step of your application for Axis loan against shares.

Regarding the interest charged on the Axisbank loan against shares, the rates are competitive and at par to the industry standards. The bank opens an account for you where the money is credited upon the disbursement of your Axis bank loan against shares. Upon credit, the borrower can withdraw as much amount as needed. So the borrower of the Axis loan against shares is charged the interest only on the amount you withdraw. Another point worth mentioning regarding the Axis bank loan against shares is that the interest is charged on a daily reducing balance. So you pay for exactly the number of days you owe the money. The Axisbank loan against shares offers special scheme for the bank’s priority and wealth customers.