Loan against Securities help you can get an overdraft or LOC against your securities like Equity shares, Bonds, Govt. Securities etc. You can instead of monetizing your investments in securities, take a Loan against Shares (LAS) or a Line of Credit (LOC) and leverage your investments with us.
Copy of PAN of HUF and Karta
Aadhar card of Karta
List of Co-parceners
Passport size photograph of Karta
Proof of Demat Account of HUF
Copies of Income Tax Returns of last two years of HUF
Declaration by Karta and Co-parceners
Bank Statement and cancelled Cheque of HUf Affix rubber stamp at appropriate places
Loan against securities is loan against marketable securities in which customer pledge his investment in favor of lender and borrow fund to meet his financial and personal requirement without selling his security.
The Loan against Shares is a term loan against demat shares you own. It helps you gain the financial flexibility that you need without disrupting your long-term investment strategy. You can draw on this loan at any time, but you cannot exceed the maximum limit set by us. The additional advantage is that you pay interest only for the actual usage of business finance.
We follow the system of daily monitoring of portfolio based on the market price. If at the price of shares decrease, resulting in any margin shortfall then the customer has to make immediately make good by providing additional shares or making part repayment.