Loan Against Securities Vs Personal Loan: What should you choose?

Raoul Kapoor, co-CEO, Andromeda Sales and Distribution, says, “The choice between a loan against securities and a personal loan depends on individual financial circumstances. Loan against securities is secured by existing investments like stocks or bonds, offering lower interest rates and higher loan amounts, depending on the value of assets. In contrast, personal loans are unsecured, accessible without collateral and are available at comparatively higher interest rates of, say, 1.5% to 2% above the interest rate applicable in case of loan against property.”