Loan against Shares

Don't sell your shares / mutual funds on first sign of liquidity problem. We provide you liquidity in a jiffy that too at a time when you need it most.

We will open a current account and give you limit upto 50% of market value of shares / mutual funds pledged by you in favour of our bank. You can use the funds and interest will be charged on the utilised amount on a daily reducing balance. For short period you can also get loan payable in instalments.

Other Conditions:

• Only individuals can apply
• Loan / overdraft will be granted against demat shares only.
• Loan / overdraft will be granted against approved list of shares / Mutual Funds
• Loan / overdraft will be given on non repatriation basis.
• Min. Loan amount : Rs.2 lacs    Max Loan amount : Rs.20 lacs.
• Processing charges : 0.25% of the limit + service tax. Will be charged again at the time of renewal if the average usage is below 50%.
• Other charges : Rs.100 / request for lien marking on mutual funds.
• The onus of monitoring of valuation is on borrower. They can however, check the valuation with the bank during office hours.
• The bank has right to sell the shares in case the margin falls below 25% without giving any notice to the borrower.
• The borrower has to execute these documents.

We also provide loan / overdraft facilities against NSC / KVP/ Insurance Policies, etc.

Other Conditions:

• The acceptance of security will be at the discretion of the bank.
• Min. Loan amount : Rs.50,000    Max Loan amount : Rs.1 Crore.
• Service charges : Actual charges incurred by bank in marking lien / pledge on offered security.
• The borrower has to execute these documents.

Leverage your funds while applying for various IPO / FPO. We will open a current account and you just have to put margin money in the current account.

Other Conditions:

• Only individuals can apply
• The borrower has to open demat account with our bank.
• Min. Loan amount : Rs.25,000    Max Loan amount : Rs.10 lacs.
• Other charges : Stamping charges on actual.
• The loan is for the maximum period of 60 days. After 60 days, the borrower either has to close the loan from his pocket or else we will sell the shares to recover the loan amount.
• The bank has right to sell the shares even before completion of 60 days in case the margin falls below 25% without giving any notice to the borrower.
• The borrower has to execute these documents

Keeping deposit and liquidity at the same time is like having a cake and eat it too.

We will open a current account and give you limit upto 90% of face value + accrued interest of the deposit kept with our bank. You can use the funds and interest will be charged on the utilised amount on a daily reducing balance. For short period you can also get loan payable in instalments.

You can have the facility in UAE also while keeping your savings intact back in India earning higher interest. You may approach any of our UAE/India branch, execute set of documents and liquidate your savings for day to day business in UAE.

Other Conditions:

• The deposit will be lien marked in favour of our bank.
• The loan / Overdraft against NRO deposit will be on non repatriation basis.
• The loan against NRE/ FCNR deposit can be repatriated. However, repayment of this loan will be through foreign remittance only.
• The loan / overdraft amount will be 90% of the deposit amount.
• The rate of interest will be (please check the link)
• The interest on deposit will be credited to the overdraft / loan account on a quarterly basis.
• The borrower has to execute these documents

For all of the above :

• The age of the borrower should fall between 18- 75 years.
• The borrower will be charged 2% on the irregular amount.
• The customer has to regularise the account by payment of interest on a monthly basis.
• The rate of interest on the facilities are please see link