A free program for Android, by Choice International Limited.
Spark is an online lending and investment platform. It provides a hassle-free and safe experience to its customers, allowing them to easily and quickly obtain financial assistance at an affordable interest rate.
Spark offers an electronic one-stop solution to Loan Against Securities (LAS), where you pledge securities, such as mutual funds, shares, and bonds. It provides a loan amount ranging from Rs. 10,000 to Rs. 500,000 with an annual percentage rate of 15%- 20%. It offers a minimum loan term of 12 months and maximum of 60 months.
How can I get a loan on Spark?
- To avail a loan from Spark, first, you must register your phone number.
- Confirm your personal details in the KYC form.
- Click the “New Loan” button on the dashboard.
- Choose “Shares” and select the securities you want to pledge. Please note that the amount you can borrow is relative to the value of your pledged securities.
- Accept the terms and conditions and finalize the loan request with your electronic signature.
It won’t take long before you get the result of your loan application after its submission.
