The loan against shares eligibility criteria includes several key factors. Applicants must be individuals or businesses holding shares in their name. The shares should be approved by the lender and typically listed on recognized stock exchanges. The borrower should maintain a minimum shareholding value, often specified by the lending institution.
Additionally, a good credit history and financial stability are essential. Age criteria may apply, usually requiring the applicant to be at least 18 years old. By meeting these loan against shares eligibility criteria, borrowers can leverage their shareholdings to access needed funds efficiently.
