Unlock your financial asset like mutual funds, equity shares and bonds and take a loan against securities (LAS) to meet your short-term business or personal needs. It is Simple To Understand – Simple To Use and provides you liquidity without selling or redeeming your asset.
Eligibility:Both salaried and self-employed individuals between the age of 21 and 65 years are eligible.
Maximum Loan Amount: 40%- 90% of existing Shares/Mutual Funds
Current Interest Rate: 9.1% Onwards
Proof of Identity and Address
Proof Of Income
Last 1 Year Bank Statement where Salary/Income is credited.
Proof of Other income if any
Share/Mutual Fund A/c Statement.
Current Loan details if any.
*Eligibility Criteria differs from Bank to Bank/NBFC and is based on your credit rating.