The largest stock broker company in India is Zerodha which gives every Indian the opportunity to invest their money in the stock market. Along with giving a good option to invest, Zerodha also gives options for many other financial products like loans or offers.
This company gives money in the form of loan to all those people who invest so that if needed, they do not have to sell their investment but they can take some money from here as a loan, and that is why Zerodha is considered the best investment platform.
Loan Against Securities:
Zerodha calculates the loan amount for all its customers by looking at their investment record, such as how much amount and for how many days the person has been investing in the stock market, such as whatever amount they have invested in stocks or mutual funds, after calculating it, it is decided how much loan amount they should get.
Loan Eligibility Criteria:
To get a loan from Zerodha, you will get the loan only if you follow the criteria given below,
You should have any demat or trading account inside Zerodha.
As security, your demat account should be invested in stocks, mutual funds or ETF.
As security for the criteria of taking a loan, your demat account should have any liquid stock with sufficient market value.
Steps To Get Loan From Zerodha Apps :
1. First of all, after opening the Zerodha Kite app, you have to open Zerodha kite on your browser and login to your demat account by giving your login details.
2. After that you have to go inside the Zerodha Kite app and click on the menu option and go inside the loan option. Or after going inside your Zerodha Console, you can go inside the loan against security option by clicking on the funds option.
3. Here, after checking your demat account and your record, it will be shown according to the security that how much loan amount you can get or whether you are eligible, from which you can select the amount of loan you want from here.
4. You can select any amount you want within the amount you are eligible for the loan, after that, as soon as you continue, you have to check the repayment tenure option, all the interest rates that will be offered to you as a loan.
5. As soon as you confirm your loan amount and details, everything will be checked and your loan application will be sent for electronically approval from the Central Depository Services Limited portal.
Also Read : Step By Step Process To Get Instant Loan From Cred App
6. All the KYC details on your demat account have to be updated. If any thing is not found like PAN card or Aadhar card, then you have to add it to your account so that verification can be done properly.
7. As soon as the document verification is complete, your loan application will be approved and all your funds will be disbursed and transferred to your linked bank account within the next 24 to 48 hours.
Conclusion:
As we learned today how you can get a loan from Zerodha, but before that you need to know all their terms and conditions under which you need to know all the interest rates and repayment schedules. It is very important for you to know all the investments or financial goals with Zerodha and all the strategies for long term investment.