Loan Against Shares

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.

Features & Benefits

  • Apply Online
  • Instant Approval
  • Hassle Free Loan
  • No CIBIL/Guarantor Required
  • Minimum Documentations
  • Get High Value Loan

From Rs. 1,00,000/- to Rs. 1,00,00,000/-

Margin: 50% for multiple scrip* and 65% for single scrip

*The contribution of single scrip should not exceed 65% of the total portfolio value at any point of time during the tenure of the account. Loan is sanctioned as per applicable internal policy of the Company.

  • 12 months after the date of sanction renew or review the loan
  • Against single and combination of scrips in dematerialised form from the approved scrips
  • Interest charged only on the amount utilised – no EMI or post-dated cheques required
  • Shares can be transfer from any Depository Participant across the country
  • Terms and conditions
    • Facility Tenure

Facility is granted for 12 months. This is reviewed and renewed at annual rests.

  • Security

Transfer of adequate value of shares in dematerialised form from the approved scrip list.

  • Limit Available

This is based on the permissible drawing power against the dematerialised shares available for being share transfer. Further drawing will be released only upon share transfer of adequate value of dematerialised shares with prescribed margin and confirmation of marking of share transfer.

  • Other Conditions
    • Company reserves the right to reject any application / renewal without assigning reasons thereof.
    • The overdraft facility shall be disbursed / renewed only after all the required documentation and share transfer formalities are complete.
    • The margin requirement will be reviewed regularly. In event of any volatile fluctuations in the prices of the scrips, the client shall make good the shortfall, if any, within two days, failing which the security will be enforced.
    • The applicant will undertake to inform the Jatalia Finance Co Ltd as and when there is a change in address or employment.
    • The terms and conditions mentioned above and elsewhere under the scheme are subject to modification from time to time solely at Jatalia Finance Co. Ltd. discretion.

All of the above is subject to terms and conditions

Eligibility & Documentations

For Individual

  • Any Indian Resident above the age of 18

Keep your document ready of Instant Loan

Proof of Identity

  1. Aadhar Card (Mandatory)
  2. PAN Card (Mandatory)
  3. Passport Size Photograph

Proof of Address

  1. Aadhar Card
  2. Latest Bank Statement
  3. Latest Electricity Bills
  4. Latest Mobile/Landline Bill

Other Documents

  1. Signature Attestation from Bank
  2. Latest Statement of Holding
  3. Canceled Cheque

Note: – Please carry self-certified copy of above documents and original for Verification

For Proprietorship Firm.

  1. All documents and Annexure as required for “Individual”
  2. Affix rubber stamp at appropriate places

For Partnership Firm

  1. Certified true copy of the Partnership Deed
  2. Copy of PAN of Partnership Firm
  3. Copy of PAN and Aadhar of All Partners / Authorized Officials
  4. Passport size photograph of all partners.
  5. Proof of Demat Account
  6. Copies of Income Tax Returns of last two years
  7. Affix rubber stamp at appropriate places
  8. Detail Of Authorised Signature

  9. List of all partners and their residential address proof
  10. Bank Statement and cancelled Cheque of Partnership Firm

For Hindu Undivided Family (HUF)

  1. Copy of PAN of HUF and Karta
  2. Aadhar card of Karta
  3. Detail Of Authorised Signature

  4. List of Co-parceners
  5. Passport size photograph of Karta.
  6. Proof of Demat Account of HUF
  7. Copies of Income Tax Returns of last two years of HUF
  8. Affix rubber stamp at appropriate places
  9. Declaration by HUF

  10. Declaration by Karta and Co-parceners ( )
  11. Bank Statement and cancelled Cheque of HUF

For Company

  1. Certified Copy of PAN of Company
  2. Certified Copy of Memorandum & Articles of Association of the Company
  3. Copy of PAN and Aadhar of all Directors/Authorized officials
  4. Copy of Address Proof of All Directors /Authorized officials
  5. Board resolution (on Company Letter Head) (Format Attached)
  6. Certified true copy of balance sheets for last two years
  7. Copies of Income Tax Returns of last two year
  8. Passport size photograph of Director(s)/Authorised official.
  9. Proof of Demat Account of the Company
  10. Verification/Attestation of signatures of Directors/ Authorised Signatories by the Bank
  11. List of Directors and Authorised Signatories and their residential address proof
  12. Detail Of Authorised Signature

  13. Shareholding pattern of the company
  14. Letter from Banker certifying account no. and the period for which the company account has been operative and Attestation of signatures of Promoters/Directors/Key Managerial Persons.
  15. Affix rubber stamp at appropriate places

 FAQs

How does Loan Against Shares work?

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.

Why do you need LAS or LOC?

In case you hold sufficient eligible securities to use as collateral, LAS or LOC may be easier to obtain and is more cost-effective than other alternatives. If you are a business owner LAS or LOC is the most appropriate financing solution for meeting your financial requirement. Loan Against Securities may also be taken for other personal reasons as well like loan for marriage or for children’s education.

So what next?

If you own physical shares, you must dematerialise them before you proceed with the LAS application. If you want to apply for LAS, please logon to www.jataliafinance.com.

Do you have questions?

Feel free to call at  Mob :- 9717740069, 9873425874 of write us at info@jataliafinance.com

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