What do you usually do when you are in a financial soup? You call up your friends, family asking for money. Or, do you analyze what investments of your can you get liquidated?
Well, I am not judging as it is entirely up to you which option you go for. However, if you opt for the latter you not only make a wise financial decision but look for possibilities which you might have never thought of before.
Today, you can easily get a loan against shares in India. If you have shares which are of appreciable value and you meet the eligibility criteria of the lender then you are good to go. If you ask me personally, I took a loan against my invested shares and I found it a highly manageable option.
As I had got a chance to get the loan on negotiated terms it became even easier for me to manage its monthly payouts. I was particularly worried about repaying the loan as I had few big events coming up which needed attention. Luckily, with the help of my Relationship Manager we worked out the loan and I got the EMI that I would comfortably pay off.
Moreover, my financial planner helped me to set the loan process online so I easily track and manage. Now, I make payments, and keep a close check on the loan no matter where I am logged in from in the country or outside.
Read more about the loan against shares here - Loan Against Shares: Is it an Affordable Option?
