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Loan Against Securities

Loan against securities helps you leverage your equity investments without selling them in order to address your need for funds conveniently and easily.

Approved Securities

Equity shares*- demat shares up to 50% of the value

Mutual fund units* - mutual funds up to 50% of NAV (Net Asset Value). Mutual fund schemes
   
  • No EMIs
  • No post dated cheques
  • No pre-payment charges
  • Interest charged only on utilized amount
  • Exhaustive number of approved securities
  • Upto 80% loan
  • Simple and speedy processing
  • *Terms & Conditions Apply

  • You must be a resident of India ( loans cannot be given to minors,trusts)
  • You can pledge securities from the bank's approved list only. Refer approved securities for more details
  • Securities should be in the name of eligible borrowers (securities in the name of minors, trusts, partly paid up or shares in the name of individuals in companies of which they are directors/ promoters, ELSS schemes cannot be accepted)

Loan Agreement Copy
  • Please click here for Agreement-for-Pledge-of-Securities-Physical
  • Please click here for Agreement-for-Pledge-of-Securities-in-Demat
Pre-Saction Documents
  • Proof of photo identity -all holders/ directors
  • Proof of residence -all holders/ directors
  • Proof of signature -all holders/ directors
  • Proof of age - all holders/ directors
Additional Documents for Corporate Customer
  • SEBI registration certificate (if broker)
  • 10 settlements volumes(if broker)
  • Copy of financial statement for last 2 years (P&L & balance sheet)
  • Copy of IT Acknowledgement for the last 2 years
  • Board resolution in banks format
  • Copies of MOA & AOA (for main applicant and guarantor )
  • Letter providing breakup of the business
  • Copy of company PAN card
  • Registration certificate of company
  • Details of authorized signatories on company letterhead (name , signature and photograph of director )
Post -Sanction Documents
  • Signature verification
  • End use declaration
  • Linkage / other LAS facility declaration
  • Loan against securities agreement
*Terms & Conditions Apply

  • Please click here for detailed Schedule of Charges for Loans and Advances
  • Please click here for detailed Schedule of Charges of Savings Account

Important note : Monthly interest charge has to be paid fully by way of credit to the LAS account in the immediately following month, failing which the accounts are liable to be classified as NPA . In such cases, bank will exercise its right to sell/ redeem the securities in the market after providing reasonable notice to clients

*Terms & Conditions Apply
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