Best place to get some personal loan?

[insigia]

Just have an investment opportunity where I can get more returns than the loan I take, so plan to leverage this for short term. What's the best place to get with less processing fees etc? Any apps ( good and reliable ones) or banks are the way to go?

 

[insigia]

Just have an investment opportunity where I can get more returns than the loan I take, so plan to leverage this for short term. What's the best place to get with less processing fees etc? Any apps ( good and reliable ones) or banks are the way to go?

Or loans against mutual funds is the better option? Considering the margin spread will be better here

 

[asktriman]

I use Zerodha to get Loan Against Securities. It is much more flexible than personal loan.

 

[insigia]

I use Zerodha to get Loan Against Securities. It is much more flexible than personal loan.

Can you share more details? What was the overall experience and interest? Things to know before using it? Thanks!

 

[asktriman]

Can you share more details? What was the overall experience and interest? Things to know before using it? Thanks!

Overall experience is quite good. The entire process is online. We need to select the stocks to pledge and then 50% of that market value is the loan amont. The interest rate is 11.5% right now. Every month, I get a notice to pay the interest amount. Paying the principal amount is up to us and there is no pre-payment charge etc.

FAQs: Loan against shares and mutual funds

Find answers to frequently asked questions about loans against shares and mutual funds.

zerodhacapital.com

 

[insigia]

Overall experience is quite good. The entire process is online. We need to select the stocks to pledge and then 50% of that market value is the loan amont. The interest rate is 11.5% right now. Every month, I get a notice to pay the interest amount. Paying the principal amount is up to us and there is no pre-payment charge etc.

FAQs: Loan against shares and mutual funds

Find answers to frequently asked questions about loans against shares and mutual funds.

zerodhacapital.com

Thank you so much for your help!

 

[JonSnow]

HDFC Jumbo loan with credit card
if its pre-approved, you get funds within minutes
interest rate 0.99% pm and 3% pre-closure charges.
Zero charges for availing.

 

[insigia]

Oh wow,

HDFC Jumbo loan with credit card
if its pre-approved, you get funds within minutes
interest rate 0.99% pm and 3% pre-closure charges.
Zero charges for availing.

Oh wow, will explore this too. Thanks!