Initiating an investment in the stock market is quite exciting. One thinks of increasing one’s wealth with time via such platforms, which are pretty volatile. The stock market tends to offer relatively high returns when the market is up but also prepares potential investors for the worst times. 

However, to begin with, what if you don’t have enough capital to get started or want to amplify your returns? Taking a personal loan for trading might be tempting, but it’s a strategy that comes with risks. Today, in this article, we’ll dive deep into this approach before you take the final call. 

What is a personal loan? What are its top pros?

As the term implies, it is basically a loan amount that is used for personal purposes and objectives. They are not limited in any respect, and you can use them for any sort of motive. 

Be it shopping for an ultra-modern and latest smartphone, planning a dream excursion with your loved ones or friends, or even refurbishing your living area, you could use this amount for any personal use. 

• Minimal Interest Rate

When you apply for a loan, especially for such a loan, ensure that you go for the right platform. For example, ‘Stashfin’ is quite a trending and reliable application. These guys offer such loan facilities without charging any rate of interest. This means you must pay them back the exact amount you borrowed from them initially. 

• Super Easy Access

There is no need to go anywhere. Just download an application on your smartphone, and you are good to go. The Internet has undoubtedly made our lives easy and convenient. Once you apply for loan that offer the best personal loan interest rate, you save time, money, fuel and effort.

• No Collateral required

One of the top pros is that they don’t require any collateral. This manner in which you don’t ought to pledge any of your treasured property right here, different from when availing of a vehicle or domestic loan. These loans are completely unsecured in nature and are presented on the basis of your creditworthiness and the ability to repay.

Why is a personal loan a good idea for trading?

1. Amplify your returns

The most significant advantage of using such a facility for trading is leverage. Imagine having only Rs 5,000/- to invest but using a loan to bring your total capital to Rs 25,000/-. Even though your investment increases by 10%, you’ve made a profit with your own money. 

2. Short-Term Opportunity

If you have good knowledge of short-term trading, this loan can be tempting. The idea is to capitalize on the opportunity, make an instant profit, and repay the loan before interest accumulates. 

Best app to avail loan in 2024

If you are also on the hunt for such a facility, ‘Stashfin’ is one of the leading platforms in this industry. With years of experience, they have gained the trust and confidence of ton`s of individuals, offering them convenient financial solutions digitally. 

Moreover, the most crucial part here is that they don’t charge any rate of interest. This means that the potential borrower has to repay the same amount they eventually borrowed from them. Here is a step-by-step guide on how to avail of a personal loan from them:

1. Download the app from the Play Store/App Store
2. Sign up using your mobile number
3. Add your personal details to check your credit limit
4. Complete KYC, and you will be good to go!

Conclusion

Always remember is quite risky but if played right, your financial health can improve. Therefore, it is highly suggested that before availing such a loan, have a proper plan chalked out.