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Capital Markets - Loan Against Shares
 
 


Loan Against Shares (LAS)
 
Your investments in shares and other marketable securities are capable of offering you much more than just returns. Loan Against Shares enables you to take a loan against equity shares and other marketable securities such as life insurance policies, mutual fund units etc. Simply pledge your shares to acquire a loan that will help you take a financial leap. So go ahead and extract the maximum out of your existing investments and use them to fulfill your desired objectives in life.
 
Tenure Up to 365 days with an option to prepay with mutually agreed repayment notice
Security As per list of approved shares
Loan amount Minimum Rs. 25 Lakhs
Margin 30% & above
Interest rate Competitive
Documentation Standard Loan Documents with PDC
Custodian charges At Actuals
 
Benefits of Loan Against Shares
 
Get instant liquidity
Avail a minimum of Rs. 50 Lakhs
Repayment tenure ranges from 3 months – 12 months
Use this loan to fulfill business or any other financial objectives
You don't have to sell your shares or certificates
 
Documents Required
 
In case of Individual borrower
Request Letter for Loan against Shares / Securities comprising Loan Amount, Tenure, Securities, Purpose of Loan & Source of Payment
Last 2 years Income Tax Returns and financial statements duly self attested. (latest financial should be for FY10, if not ready, provisional must be provided)
Latest borrowing details
PAN Card
Address Proof
2 Photographs
 
In case of Corporate borrower
Request Letter for Loan against Shares / Securities comprising Loan Amount, Tenure, Securities, Purpose of Loan & Source of Repayment
Certified, updated true copy of MOA duly signed by Director/Company Secretary
Form 32
Latest share holding pattern
Latest borrowing details
Last 2 years audited financials and Income Tax Returns, duly self attested
List of directors with details of their PAN No, DOB, Residence Address with pin code
KYC Docs of all signatories authorized by Board, duly self attested (PAN card, address proof etc.)