Financial emergencies often come uninvited. While it is recommended that individuals have contingencies in place to deal with emergencies, not everyone can have this set up. Therefore, individuals often have to turn towards loans to help them overcome their financial stress.
“Most often, people use their fixed assets and debt-free properties as collateral to avail mortgage loans at reasonable interest rates. Bonds, shares and mutual funds are other forms of financial instruments that can be leveraged to obtain loans at affordable rates as compared to personal loans,” says Anuj