Loan against Financial Assets
Loan against Financial Assets https://www.fundstiger.com/loan-against-financial-assets/ Life is uncertain and sometimes an unexpected expense can leave you strapped for cash, or scrambling to generate funds. It is advised by most financial experts that one should always an emergency fund to fall back on in case of a financial crisis. However, there are times when the emergency fund is not enough or one emergency is followed by another. Whatever the reason for cash urgency, you need to find cash and fast. Your resource for cash depends on whether you need to raise funds in a few weeks or a few days. Here are the financial assets you can fall back on to fund an emergency without depending on personal loans. 1. Gold Loan amount provided will be Rs 1,000 to Rs 2 crore Maximum loan is typically 75% of market value of gold. Interest rate starts from 10% to 29%, Term of the loan Maximum of 20 years, typically up to 3 years. Processing fee up to 2% of loan amount Applicant should be...