Loans Against Shares

Loan against shares as is evident from the name is issue against the shares that an individual holds. Like all the other loans, even in this one our tem of experts will take care of all your requirements and suggest the one that best matches your need of the hour.

Features:

• This facility is available only to individuals
• Overdraft facility available against single and combination of scrips in dematerialized form from the list of approved scrips
• Facility will be renewed / reviewed after 12 months from the date of sanction
• Interest charged on actual amount utilized - no EMI or post dated cheques required
• Shares can be pledged from any Depository Participant across the country
• Cheque book facility

Eligibility Criteria:

• Only individuals can apply both the citizens as well as the NRI's
• Applicant should be above 18 years of age at the time of application

Documents Required:

• Proof of identity
• Proof of residence
• Bank statement or Pass Book
• Holding Statement
• Guarantor form - Optional
• Pledge form