Loan Against Securities

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Loan against securities ( LAS ) is a loan where you pledge your shares , mutual funds or life insurance policies as a collateral to the bank against your loan amount .LAS are available in the form of an Overdraft facility and continue to retain your investment in shares and Mutual Funds .

Any Indian Resident or any Non Resident Indian can apply for LAS with minimum age of 21 and who has following securities:

  • Shares
  • Mutual funds ( Debt and Equity )
  • Fixed Maturity Plans and Liquid funds 
  • Tax Free Bonds ( NABARAD , NHAI, PFC, IRFCL, HUDCO, IIFCL , NHB , REC,IREDA ). 
  • Insurance Policies
Depends on the types of Securities
  • It is provided as Overdraft Limit , Interest is calculated on the daily outstanding balance and charged on Monthly Basis .
  • Non utilization charges NIL .
  • No prepayment / foreclosure charges .
  • Auto renewable after 12 months .
  • No financial document required upto 5 cr .
  • Instant Liquidity – Get access to cash in hand without disposing of or selling your shares and investments .

For Salaried

  • KYC – Pan Aadhaar Photograph ( Applicant & Co – applicant )
  • Income Document – Salary Slip 3 months , Form 16 , Salary Account Statement 12 months , Office ID card / Appointment letter.

For Self employed / Self Employed Professional

  • KYC – Pan Aadhar Photograph ( applicant & Co – applicant )
  • Last 3 years Trade licence
  • Last 2 years full set of Financials and 12 months Bank Statement .
  • GST Registration Certificate with 12 months return ( 3CB)

( if Co applicant have some income then Co – Applicant income document )

Property Documents

  • Deed of Lease ( Mother Deed ) & Prior Deed ( Seller Deed )
  • Porcha , Mutation and Tax payment receipt
  • Sanction Plan