Loan Against Shares | Loan Against Securities

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.
Repayment Tenure	Repayment upto 60 months. EMI also acceptable. Selectively OD limit is also considered.
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.

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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