At present, the largest investment company in India is Zerodha, which gives you the opportunity to invest your money in the stock market. And along with this, Zerodha company is also the most user-friendly and also provides you many other products like loans or offers.
Zerodha gives money in the form of loan to all those people who invest money in the stock market through this application so that if needed, all those people can take a loan directly from Zerodha and do not have to withdraw their invested money and they also get the money on time.
Loan Against Securities:
To get a loan, some securities are checked inside Zerodha, such as how many days you have been investing through this app, that is, by checking your investment record, how much loan amount you can get is calculated and through that, your security is built, which gives you a loan.
Loan Eligibility Criteria:
There are some criteria for getting a loan with the help of Zerodha application, on which you have to be eligible, which is written below,
You should have a trading account or demat account inside the Zerodha application.
Your Zerodha account should have money invested in any kind of stock or mutual fund or ETF.
As a security, there should be any liquid stock inside the Zerodha account, that too with sufficient market value.
Steps To Get Loan From Zerodha Apps :
1. After opening the Zerodha application, you have to login inside Zerodha Console by giving your login details.
2. After that, open the Zerodha Kite app and go to the menu option and click on the loan option or you can also go to the loan against securities option after opening Zerodha Console and find the funds option and go inside it.
3. Here, by checking all the invested records of your demat account, whatever eligible amount will be there for the loan, it will be shown which can be used as security to provide you a loan.
4. You can tell here whatever amount you want as a loan within the amount mentioned here so that the repayment tenure and review of the interest rate which will be offered to you can be shown within this amount.
5. After completing your loan amount, you have to accept all the necessary security details and confirm it and your loan will be electronically sent to the Central Depository Services Limited portal.
Also Read : How To Take A Loan From Groww App
6. But before that you have to check whether the KYC on your account is up to date or not because if any document is missing during verification like PAN card or Aadhaar card, then the application may get rejected, before that you have to update that document.
7. As soon as all the verification is complete, the loan will be approved and your loan amount will be disbursed to the bank account linked with your account in the next 24 to 48 hours.
Conclusion :
Friends, today we learned how you can take a loan with the help of Zerodha application, that too instantly, but before that it is very important for you to get information about all the terms and conditions related to the loan of Zerodha application and all other interest rate rules if you are applying for any investment or loan from here.