Loan Against Securities- How Abhi Loans is Empowering Borrowers with Convenient Financing Options

Loan Against Securities- How Abhi Loans is Empowering Borrowers with Convenient Financing Options

Abhi Loans, a leading financial technology company provides individuals with a hassle-free and convenient way to access funds by leveraging their securities holdings.

Loan against securities is a financing solution that allows borrowers to use their existing investments as collateral for obtaining quick access to funds. Abhi Loans recognizes the advantages of this financing option, including the ability to secure funds without liquidating investments, competitive interest rates, and flexible repayment options.

Through the user-friendly online platform, borrowers can easily apply for a loan against shares in a streamlined and efficient manner. With expedited approvals and fast fund disbursement, Abhi Loans ensures that borrowers can access the funds they need promptly.

Abhi Loans stands out in the market with its commitment to customer satisfaction and data security. Borrowers can rely on the company’s competitive interest rates and favorable loan terms, tailored to their unique financial needs. With a dedication to maintaining the highest standards of data security and privacy, Abhi Loans provides borrowers with peace of mind throughout the loan application and approval process.

“We are thrilled to introduce loan against securities as part of our product offering on the Abhi Loans platform,” said Deepit Singh, Co-Founder of Abhi Loans. “By leveraging their securities holdings, individuals can access funds quickly and conveniently, without disrupting their investment portfolios. We are committed to empowering our customers with personalized loan solutions and exceptional service.”

Individuals seeking a convenient financing option can visit www.abhiloans.com to explore the loan against securities product and begin their application process today.

About Abhi Loans:

Abhi Loans is a leading financial technology company dedicated to providing individuals with quick and convenient access to personal loans. With their online lending platform, Abhi Loans simplifies the borrowing process, offering fast approvals, competitive interest rates, and personalized loan solutions. Committed to customer satisfaction and data security, Abhi Loans empowers individuals to achieve their financial goals.

Announcement of Abhi Loans securing $4.5 million in funding

Announcement of Abhi Loans securing $4.5 million in funding

NBFC poised to help retail customers to get loans against mutual funds and shares within 24 hours.

Karnataka, India – Abhi Loans, a digital lender affording loans on mutual funds and shares across India, has today announced that it has raised $4.5 million in funding for its operations. The funding will be used by the brand to rapidly grow its customer base and expand operations.

The quick credit startup is disrupting the notion that loans against mutual funds/shares are just for high-net individuals, with the company availing financial solutions that cater to small unit share/MF holders. While mainstream banks provide a minimum of Rs 1 lakh for loans on shares, Abhi Loans provides loans starting from Rs 15,000 thus including small-time borrowers. This is in addition to a high LTV value of 65% and 75% for loans against shares and mutual funds respectively.

DIM Sparkle Fund, which has amassed a reputation for providing financial aid to revolutionary businesses in the fintech space, is the driving engine behind the funding. However, many other angel investors have joined hands to bring the sum to where it is now. Among them are SK Jain, Ashvin Chadha, and Niten Malhan, all of whom received credit and gratitude via an official company statement.

When quizzed on what the funding will help plug, founder Deepit Singh enthused. “First, we’d like to thank all our contributors. We’ll use part of the funds to expand our technology stack and grow our loan book. At the moment, we offer loans against securities on mass retail digitally, but we’re looking to grow our portfolio and diversify in the near future.”

DMI Sparkle Fund co-founder described his excitement at working with KNAB, also known as Abhi Loans. “Our ultimate dream is that we’ll provide financial solutions that cater to everyone from all walks of life across India. With this funding and partnership, we’re now closer than ever to financial inclusivity in our country,” Shivashish Chatterjee stated.

Mandeep Chaudhary, co-founder at Abhi Loans meanwhile rounded it all off by saying, “In these tough times, many people are turning to predatory lenders as they exhaust every cash avenue. Borrowers can find relief from stifling high-interest loans via the low-debt consolidation options we offer. Accessing cheap loans of Rs 15,000 from a Mutual Fund holding of Rs 20.000 at an LTV of 75%, ordinary Indians can enjoy greater financial liberty.”

Currently, Abhi Loans provides loans against marketable securities at 13% interest rates, with a promise of 24-hour disbursal, beating out banks and other NFBCs that traditionally take between 3 to 14 days for processing. The agency also provides loans to Low CIBIL Score customers, has no prepayment charges, and thrives by a fully digital service model where borrowers can complete loan applications online without in-person appearances.