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Loan Against Securities @ 10% Onwards

• Loan upto 80% of pledged securities
• Pay interest for used amount only
• No pre-payment charges
Enquiry Form
Loan Against Securities
Bank Name Interest Rate Range (%) Processing Fee (%) Maximum Loan (Lacs) Maximum Tenure (Month) Forclosure Charge
ICICI Bank Ltd.
7.00%
0.5%
50
36
2%
HDFC Bank Ltd
7.40%
1%
50
36
2%
Axis Bank Ltd.
8.10%
1%
25
36
2%
Kotak Mahindra Bank
9.25%
2%
25
36
2%
State Bank of India
9.75%
1%
20
36
2%
Bank Name Min Interest Rate
ICICI Bank Ltd.

7.00%

HDFC Bank Ltd

7.40%

Axis Bank Ltd.

8.10%

Kotak Mahindra Bank

9.25%

State Bank of India

9.75%

₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by Loan Against Securities Eligibility Criteria?

Make the right use of your financial assets with loan against securities. Get up to 80% of value on your security, it might be life insurance policies, bonds, mutual funds & etc. Loan Against Securities interest rates are most affordable.

Loan Against Securities Eligibility Criteria

Usually, Loan Against Securities Eligibility Criteria depends on various factors like age of applicant, monthly salary or business income of co-applicant, course type & residency..etc.

  • • Age Limit of Individuals – 21 to 60 years of age
  • • Salaried Employee of a Sole Proprietorship, Partnership Firm, Private Trust, Private Limited Company or Public Limited Company or Self - Employed
  • • Security must be approved by the bank for which you are availing the loan
  • • Nationality - Resident of Indian

Note: - You can avail Maximum Loan Amount on Loan Against Securities as minimum Rs.1,00,000 and the maximum is Rs. 20,00,000

What are the factors affecting Loan Against Securities Eligibility Criteria?

There are few factors that affects Loan Against Securities Eligibility Criteria as given below: -

Meeting age criteria: - Make ensure that you meet age eligibility criteria as per standard terms & norms you should not less than 21 years of age at the time of availing loan against securities.

Lower Income: - Loan Against Securities might be a secured loan, but lender will check your monthly income to your capacity. As higher the monthly income as the Loan amount depends on your eligibility.

Applicant Age: - This is a significant factor affecting your Loan Against Securities eligibility, as per the standard terms & norms of age in-between 18 – 60 years for applying Loan Against Securities, therefore avoid before & after the age norms for loan rejection.

How Loan Against Securities helps to increase Credit Score?

As most of you, for any type of role one common factors that affect your loan application is none than a credit score, it might be personal loan, home loan, business loan, project loan, car loan & various loan.

Due to some unpaid or late paid payment your credit score ranging had affected a lot, how bad would be your credit score might be, you don’t need to worry when you have one ultimate solution to increase your credit score.

If you have gold ornaments & jewelry with you then, no one can stop you from borrowing loan against your gold. By paying Proper EMI on time your credit score range will gradually increase.

Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. Photographs 2
  2. PAN Card Copy
  3. AADHAR CARD + PASSPORT
  4. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  5. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  6. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  7. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  8. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  9. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  10. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PHOTOGRAPH BOTH
  2. PAN CARD CLEAR COPY PROPRIETOR.
  3. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
  4. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  5. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  6. LAST 1 YEAR GST RETURN COPY
  7. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
  10. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  11. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  12. AGREEMENT TO SELL COPY
  13. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  1. PHOTOGRAPH PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  4. FIRM ADD PROOF- LATEST ANY UTILITY BILL.
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST Return last 1 years
  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
  9. PROVISIONAL FINANCIAL AY 2019-20
  10. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
  14. Agreement To Sell copy
  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  3. ADDRESS PROOF – COMPANY AND DIRECTORS.
  4. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM
  6. ORDER IN HAND AND COMPLETE COPY (if applicable)
  7. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
  8. 1 YEAR GST RETURNS
  9. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
  10. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  11. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  12. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  13. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  14. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  15. AGREEMENT TO SELL COPY
  16. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently Asked Questions

Which is the best bank for loan against securities?

  • State bank of India 
  • HDFC Bank 
  • ICICI Bank 
  • Axis Bank

Loan against shares maximum limit?

You can get between 1 lac minimum to 20 lac maximum limit.

What are the documents required for loan against securities?

  • Application form 
  • 2 colored photographs 
  • Identity proof 
  • Address proof 
  • Income proof 
  • Latest 1 year bank statement 
  • Securities Proof

How does loan against securities work?

This loan come under secured loan, wherein bank require collateral to pledge. When you pledge your mutual fund or insurance policy as a assets certain determined limit will be credited to your account & work as a overdraft facility which allow you to pay interest for utilized amount.

When does revaluation take place in loan against securities?

Many of you have question under loan against securities when does revaluation take place so generally it starts

What are the loan against shares eligibility criteria?

Whether salaried or self-employed you must have a regular source of income, you age should be in-between 21 – 60 years & make sure your securities value is above 10 lacs.

What are the benefits of loan against securities?

It offers digital application to get quick disbursement, low interest that too pay interest for used amount only & other tenure facility are offered.

Opting for loan against securities is good idea or bad idea?

If you are looking for a loan at low interest rate then definitely its good idea but if you don’t want to risk your assets then avoid it.

What is loan against securities?

It is a type of secured loan where you need to pledge any share as a assets like mutual funds & insurance policies to bank.

Current Loan against securities interest rate?

Generally, interest rates range from 10.50% - 13.00% p.a.

Related Topics

  • LOAN AGAINST SECURITIES BY BANKS

  • LOAN AGAINST SECURITIES BLOGS

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Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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