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Loan Against Securities – Abhi Loans

Abhiloans is an instant loan against securities offering platform based on securities such as shares, mutual funds, and bonds. It was launched by KNAB Finance Advisors Private Limited, a non-deposit NBFC, to provide users access to quick funds when people require urgent funds.

Loan against securities - Abhi Loans

The complete online process of the website ensures that customers can avail of a loan amount as low as ₹15,000 with disbursal of the amount credited into their accounts within 4 hours. Abhiloans assures that they will refund 50% of the processing fee if the loan disbursal does not occur within the promised timeline.

Loan Against Securities – Abhi Loans

The company gives three types of loans against securities:

  • Loan Against Shares
  • Loan Against Mutual Funds
  • Loan Against Bonds

These loans allow clients to pledge marketable securities as collateral, thus raising funds for financial or personal needs without liquidating the investments. This ensures liquidity devoid of capital dilution, making it an appropriate solution for covering contingencies, satisfying needs on financial demands, or opting for alternative investment options

Eligibility Criteria - Loan Against Securities

To be eligible for a loan against securities with Abhiloans, one should:

  • be a citizen of India currently living in India
  • Holding active shares, mutual funds, or bonds that are eligible to be pledged as collateral
  • Having a good internet connection, Aadhaar Card, PAN Card, and mobile number linked with their Aadhaar Card
  • Providing address proof if his current address is not the same as shown in his Aadhaar Card
  • Having a mutual fund-linked account from CAMS/KFintech or holding shares under NSDL

Interest Rate and Charges - Loan Against Securities

The loans against securities offered by Abhiloans are at competitive interest rates. This interest is computed daily on the outstanding for each day, and the same amount needs to be paid back at a monthly level. The amount of loan ranges between ₹15,000 and ₹1,00,00,000; you can apply for higher amounts at info@divadhvik.com. The loan tenure is 12 months, with only the interest paid monthly.

Loan to Value (LTV) is the percent of the loan’s outstanding amount with respect to the market value of the securities about different types of security. 

  • For shares, LTV is 50%
  • For mutual funds, the LTV is between 50% and 75%.

Abhiloans charges a processing fee of 2% of the loan amount or at ₹ 1,000, whichever is higher, plus GST. There are no prepayment charges; clients can repay the loan amount either partially or in full anytime during the loan tenure using RTGS or NEFT. The platform also gives the customer a cooling-off period, wherein they may decide not to continue the loan, without any penalties or charges.

The Abhiloans would unlock a real lending option by giving everyone who is facing financial needs easy access to funds safely and securely, thereby allowing them to hold onto their investments and keep receiving dividends as well as capital growth.

Application Process - Loan Against Securities

  • Visit www.divadhvik.com and start your credit journey by filling up the form
  • The applicant needs to fill in the online application form along with personal details.
  • Submit necessary documents including an Aadhaar Card, PAN Card, proof of address, and details of shares, mutual funds, or bonds.

FAQ's - Loan Against Securities

What is the minimum loan amount I can apply for with Abhiloans?

The minimum loan amount you can apply for with Abhiloans is ₹15,000.

How quickly can I receive the loan amount after approval?

Abhiloans promises to disburse the loan amount within 4 hours of approval, subject to terms and conditions. If they fail to meet this deadline, they will be refunded 50% of your processing fee.

What types of securities can I pledge as collateral for a loan?

Abhiloans offers loans against three types of securities: shares, mutual funds, and bonds.

What are the charges for the pre-closure of the loan amount?

Pre-closure charges for your loan are nil. Reach out to us for more details and personalized assistance.

What happens to my dividends and capital growth on the pledged securities?

Since Abhiloans only holds your securities as collateral, you will continue to receive any dividends or experience capital growth on your investments as usual.

What are the late payment or overdue interest charges?

Late payment charges are 2% per month on the overdue amount. Reach out for more details.