Loan Against Securities

Why us?

IndusLAS offer an overdraft facility (OD) against approved securities such as Shares, Mutual Fund Schemes / Units, Govt & PSU Bonds including Sovereign Gold Bonds (SGB). You can avail maximum loan against your investments to get all that you ever wanted in your personal, business or professional life without liquidating your securities.

Stay Invested in Shares, Mutual Funds, Bonds & enjoy Liquidity against your investments

Benefits

Higher Loan Amount against your securities

Single Scrip Lending

Widest Range of approved securities

Third Party DP Securities Acceptable

No Charge / Penalty for non-usage of funds

No Prepayment Charges

Eligibility Criteria

Eligibilty

Individual

Indian Residents
Age between 18 to 70 years
Holding approved securities

Non Individual

Indian Entities
Loan only against approved Debt Mutual Funds and Bonds

Note: The Bank may seek additional documents for sanction of loan facility, if required

Documents Required

Individual

Application form and loan agreement
KYC documents such as identity proof, signature proof and address proof.
Demat Account Statement or Statement of Holdings (MF)
Annexure W / lien request letter for pledging of securities
For loan amount greater than Rs 50 Lac, last two years ITR with computation of income and last three months Bank Statement

Non Individual

Application form and loan agreement
KYC documents such as identity proof, signature proof and address proof.
Demat Account Statement or Statement of Holdings (MF)
Annexure W / lien request letter for pledging of securities with Board Resolution
Audited Balance Sheet, Profit & Loss Account, Bank Statement and ITR return for the last two years.

Schedule of charges

Click on the link below for details:

Loan Processing Time (TAT)

Status of application would be known within 7 (seven) working days of receiving the application with all the necessary documents and any additional information that the Bank may require solely for the purpose of evaluating the loan proposal or otherwise.