Loan Against Securities

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About

Get a loan against your securities from India’s leading banks and financial institutions. Loan can be utilised for any personal purposes and not for any speculative activities or any purposes linked to the capital market activities. Security offered against the loan will be pledged in favour of the lender.

Our process

  • Book an appointment with buzzBT
  • At scheduled time our representative will pick the documents
  • After the pledge is created in favour of the lender, loan is disbursed as per the instructions of the borrower or limit is set in the account of the borrower.

Documents required

  • Application form with photographs of applicant
  • Income documents
  • Proof of Identity: Passport / Driving License / Voters ID / PAN Card (any one)
  • Proof of Residence: Leave and License Agreement / Utility Bill / Passport (any one)
  • List of demat shares, mutual fund units, fixed maturity plans (FMP), exchange traded funds (ETF), insurance policies, savings bonds etc
  • Submit the pledge request forms with your Depository Participant

Rate of interest and processing fees

  • ROI and processing fees depends upon customer profile and respective bank policies

Personal Details

Appointment Details

Our Business Working Hours

Monday to Saturday : 09:00 AM to 06:00 PM

Sunday : Closed

What is Loan Against Securities?

Loan Against Securities is Loan Against Marketable Securities in which customer pledges his investment in favour of the lender and borrowfunds to meet his/her financial and personal requirement without selling the investments.

Loan Against Securities can be used for any personal and/or business purposes, which have to be declared at the time of borrowing

The Securities will remain in borrowers name only. Borrower continues to benefits from Securities such as rights, dividends and bonuses even during the loan.

An individual can avail a maximum limit of Rs.20 lakhs against the security of Securities / equity mutual funds. This limit is higher for other securities.

Personal guarantor is not required.

No additional security / collateral need to be provided, apart from the securities against which the loan is granted.

In the overdraft account, interest will be charged only on the amount you draw and for the period that you draw. Interest will be charged on a daily basis, but will be debited to your account only once a month.

Normally the tenure is for a year. At the end of the year, it will automatically be renewed for another year unless received intimation in writing from you not to do so.

This depends on whether the loan has been structured as a demand loan or an overdraft facility. In the case of the former, there is a fixed repayment programme. With an overdraft arrangement, the drawing power is reduced over the tenor of the loan.

You may prepay the loan, either partly or in full, at any stage, with no prepayment penalty

Download our app buzzBT, book appointment with solution manager, call us, chat with us. You can also visit our websitewww.buzzbt.com for more information.

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