BANKING AFFAIRS

Detailed explanation-1: -The most attractive benefit of pledging your shares to get loans is the high loan amount of up to RS 5 Crore is for exclusively Debt Mutual Funds for shares, maximum limit is Rs 20 Lakhs only. Funds can be used to meet contingencies and personal needs only.

Detailed explanation-2: -Minimum loan amount for eligibility is Rs. 1, 00, 000 and the maximum is Rs. 20, 00, 000.

Detailed explanation-3: -The amount you are eligible to borrow is at the lender’s discretion. However, most banks and NBFCs limit a personal loan at Rs. 35 lakh to an individual. Lenders evaluate the monthly income of loan applicants and the potential growth in it before approving a loan.

Detailed explanation-4: -Personal loan amounts range from Rs. 50, 000 up to Rs. 50 lakhs. The loan amount is determined based on factors like your age, income, credit score and job type.

Detailed explanation-5: -Depending on your security value, you can get a minimum loan amount of Rs. 2 lakh and a maximum loan amount of Rs. 700 crore (Customers can get up to Rs. 50 lakh online, whereas Rs.