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  • Instant cash against Shares / Debentures / Bonds / Units.
  • Earn on your investments. And keep them too.
  • No need to liquidate your investments even during dire necessities.
  • Loan upto Rs 20 Lacs.
  • num Rate of Interest.
  • Reducing Balance Interest Rate.
  • No Prepayment penalty.
  • Minimal processing charges.
  • Quick processing and disbursement.
  • Purpose

    Avail loan by pledging your investments in approved Shares, Debentures, Bonds or Units to meet their business needs and / or other genuine personal needs.

  • Loan Quantum
    • Maximum loans upto Rs.20 lacs if demat account is maintained with DPs of our bank.
    • Shares and Debentures - upto 50 % of market value.
    • PSU Bonds upto 70% of Market Value.
    • Units of UTI and CBMF - 50% of NAV or market value whichever is less.
  • Margin

    Margin of minimum 30% to be maintained.

  • Processing charges
    • Nominal processing fee of 0.1% on the loan amount with a Minimum of Rs. 100/- and maximum of Rs 250/-.
    • In case of OD, charges as above are to be collected for every renewal / enhancement.
  • Security
    • Security of the shares / debentures / bonds as per the approved list circulated from time to time.
    • Securities can be replaced / substituted during the currency of the loan upto 10 times. Nominal charges for substitution of securities.
  • Repayment tenure
    • Repayment upto 60 months. EMI also acceptable.
    • Selectively OD limit is also considered.
  • Existing customers with satisfactory dealings.
  • New customers -well introduced with satisfactory OPL/market report on them.
  • Stipulated Loan Application with 2 passport size photos of applicant / Co-applicants or guarantor.
  • KYC documents of applicant/ Co-applicants or guarantor.

    Proof of Identity
    PAN CARD/Driver’s License/Voter ID /Passport/ Aadhar Card etc.

    Proof of Residence
    Driver’s License/Voter Id/Passport / Aadhar Card / Electricity Bill/Telephone Bill   etc., /Business Proof related GST and others.

  • Age proof of the applicant/ Co-applicants.
  • PAN card (photo copy).
  • Statement of holding of scrips issued by DP.
  • Latest salary certificate / income proof like ITAO / IT Return.
  • Financial Statements for the last 2 years (in case of non-salaried individuals).
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Last updated on 25-08-2023 02:47 PM

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