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You can enjoy the benefits of your securities
and still avail a loan on the same.
- No EMIs
- No Post Dated cheques
- No Pre-payment charges
- Interest charged only on utilised amount.
- Exhaustive number of approved securities
- Upto 80% Loan
- Simple and speedy processing
- Term Loan facility also available against select securities
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Overdraft facility can be availed against
pledge of:
- Equity Shares* - Demat Shares up to 50% of the value.
See
approved scrips.
- Mutual Fund units* - Mutual Funds up to 50% of NAV (Net Asset
Value). See
approved Mutual Fund Schemes.
- Gold ETF
- NABARD's Bhavishya Nirman Bonds
- RBI Bonds (8% Savings Bonds 2003 (Taxable))
- Life Insurance Policies issued by LIC & Select Private Insurance
Companies See
approved Life Insurance Policies.
- National Savings Certificate (NSC)
- Kisan Vikas Patra(KVP)
- Gold Deposit Certificates (GDC)
- Non Convertible Debentures
* 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 Bank. |
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Single Scrip Lending
- up to 50% of the value with any Depository Participant. (please
contact us to know the drawing power of the scrips) Click
here to know more. |
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Minimum loan amount: Rs. 2,00,000/- |
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Pay interest only on the amount outstanding
and only for the time you use it. |
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Interest is calculated on the daily
outstanding balance and debited to your account every month end.
"With effect from 1st Jan 2011, the interest rates in Loan Against
Securities (LAS) A/cs are linked to Base Rate.Any movement in Base Rate
of the Bank would have a similar impact on the Rate of Interest in LAS
A/c" |
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Shares can be pledged from any Depository (NSDL or CDSL) and any Depository Participant across the country
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Loan available to NRIs against Shares, Mutual Funds(equity,Debt,FMPs), Insurance Policies,NSC,KVP |
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To receive the overdraft amount, a Current
Account with an overdraft limit is created in your name. This entitles
you to all the Current Account benefits like FREE
International Debit Card, FREE
PhoneBanking, FREE
NetBanking. |
Please note that the
loan is granted only for personal purposes. Loan Amount can not be used
for speculative activities or any purpose linked to capital market activities
or for any anti social purposes.All credit is at the absolute discretion
of HDFC Bank.
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