ICICI BANK REVIEW
ICICI Bank - Loan Against Securities
(Which Way To Pay India - 15/8/2013)
Loan Against Securities offers you instant liquidity. You donít have to sell your securities, instead all you have to do is pledge your securities in favour of ICICI Bank.

You will then receive an overdraft facility up to a value determined on the basis of the securities pledged by you. A current account will be opened and you can withdraw money as and when you require. Interest will be charged only on the amount withdrawn and for the time span utilised so you will not build up an unnecessary debt.

This loans is available against the following securities demat shares, mutual funds units, fixed maturity plans, exchange traded funds, insurance policies, savings bonds and NSC/KVP.

If you are in any doubt about taking out this loan then you should seek independent financial advice. If you are not able to make the repayments then you could end up losing your securities and mean you are in more financial hardship.
ICICI Bank is ranked 4 out of 5. Based on 1 review.

4 Star Rating
    
REVIEW RATINGS EXPLAINED
1 Star: 1 Star RatingPoor
In relation to other products, has performed badly and has little or no worthwhile benefits.
2 Stars: 2 Star RatingBelow Average
Has some features of value, but in comparison to others performs below standard.
3 Stars: 3 Star RatingAverage
A fair product with regards to its competitors - has no outstanding features or benefits.
4 Stars: 4 Star RatingGood
In comparison to other products performs above standard, has beneficial features.
5 Stars: 5 Star RatingExcellent
Performs well above standard in comparison, has exceptional features and benefits.

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LOAN AGAINST SECURITIES
ICICI Bank