Load Against ....FD/Property/Shares/Insurance/PPF

Summary of Salient Features of Different Kinds of Loans

Factor	Loan against Fixed Deposit	Gold Loan	Loan against Property	Loan against Shares	Loan against Life Insurance	Loan against PPF
Eligibility	Fixed deposit should be for at least a year	Available for just gold components. Not valid for other stones, metal or platinum.	No mortgage issues. Property should not be under ownership disputes. Minimum income from the land should be Rs 1 lakh	Only individuals are eligible.. Loan is granted only on the basis of bank’s approved list of shares	They are sanctioned only on endowment plans, after completion of 3 years of the entire premium	It is available from the 3rd up to 6th year and up to 25% of balance at the end of 2nd year
Documents	Fixed Deposit Receipt	Proofs for identity and address of the individual	Proof of residence, identity, age, income, property documents and signature	Proofs of address, identity and signature. Power of attorney, transfer pledges and forms	Actual documents of the policy	PPF passbook
Rates of Interest	1% or 2% more than the rate on the fixed deposit	10% to 17%; Higher in the case of gold loans from NBFCs	13% to 16%	13% to 16%	8% to 9%	2% above the rate of interest for PPF
Processing Time	2 or 3 days	1 working day	10 or 15 days depending on the lender.	7 to 15 working days	2 to 3 days	1 or 2 working days

You can take a look at the above mentioned options see which one might suit you best.