Loan Against Shares

This type of loans is offered by banks against the shares you own or your immediate relatives. This is a very good option to take care of your immediate financial needs where you can also preserve your investment simultaneously, as your shares are only blocked by the lender bank, not owned. To get such a loan, you need to fulfill the following mandatory conditions which states -

1. The shares which you own should be on the approved list of your lender bank and which would be revised from time to time.
2. The shares should be fully paid up. Any kind of scrip like corporate, minors, Firms, HUF, and NRIs are not eligible under this scheme.
3. All shares should be rigorously in their marketable lots.

Loan Against Property

Loan against property is provided at a certain percentage of your property's market value which is usually around 40 percent to 60 percent. This is a secured loan where the borrower gives a guarantee. The minimum eligible criteria which you need to fulfill to get this loan are -

1. Your income, savings, debt obligations
2. Cost/value of the property mortgaged
3. Your repayment track record for other loans, credit cards, etc.