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Loans Against Securities
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Eligibility & Documents
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Loans Against Securities
Eligibility & Documentation
Eligibility Criteria

The eligibility criteria for Loan Against Securities are:
You must be a resident of India .On selected securities,loans can be given to Hindu Undivided Families, NRIs, companies, sole proprietorship or partnership firms(*Conditions Apply) .Loans cannot be given to minors,Trusts.
You can pledge securities from the Bank's approved list only.
  • Approved Demat Shares
  • Approved Mutual Funds(Equity,Debt,FMPs)
  • Gold ETF
  • NABARD's Bhavishya Nirman Bonds
  • Approved Insurance Policies issued by LIC.
  • Approved Life Insurance Policies issued by Select Private
         Insurance Companies .
  • National Savings Certificates(NSC).
  • Kisan Vikas Patra (KVP).
  • UTI Bonds(ARS , US 64 Bonds).
  • Gold Deposit Certificates.
    		•
    Securities should be in the name of eligible borrowers (Securities in the name of minors, Trusts, partly paid up or shares in the name of individuals in companies of which they are Directors/ Promoters cannot be accepted).


    Documentation Required

    Photo should match with the one on AOD/AOF & should be visible clearly on the Proof. Identity proof should be valid & not expired.Signature on the signature Proof should match with the signature on AOD/AOF.Address on the address proof should match with the address on the AOF/AOD .All identity,signature,address proof should be valid & not expired. All id proof to mandatorily have name and photo. All address proof to have name and address. All signature proofs to have the name and signatures and the unique number of the said document.
    Sr.No Description
    Id Proof
    Address Proof
    Signature Proof
    Applicable (Yes/No)
    1 Passport [not expired]
    Yes
    Yes
    Yes
    2 Arms License issued by the State/Central Govt. of India containing photograph of the applicant. (*Can be accepted as address proof if it carries the address) (**Can be accepted as Signature proof if it has signatures)
    Yes
    Yes*
    Yes**
    3 Permanent Driving license [not expired]
    Yes
    Yes
    Yes
    4 Pension payment card issued by State/Central Govt. of India with photograph of the applicant
    Yes
    Yes
    Yes
    5 Ration Card with/without IRIS scan along with photograph as prevalent in the respective states
    Yes
    Yes
    Yes
    6 Banker's Verification of Photograph & signature as per bank’s existing format from an existing Bank under the sign and seal of the Bank Official or from Post Office where customer has an account . In case of post office the verification to be signed by the Post Master under his sign & seal. It should not be more than 3 months old.
    .
    Yes
    Yes
    Yes
    7 Photo Social Security card issued by Central/State/Union Territories
    Yes
    Yes
    Yes
    8 Election /Voters card (*Can be accepted as address proof if it carries the address)
    Yes
    Yes*
    No
    9 Bank passbook with photograph attested by Bank Official & official seal. Passbook should be updated in the last 3 month.
    Yes
    Yes
    No
    10 Certificate with Photo & address from local Govt body.( Tehsildar/Sarpanch/Municipality /Class 1 Gazetted officer /Commissioner etc.)
    Yes
    Yes
    No
    11 Photo Debit/ Credit Card (* Can be accepted as signature proof if it carries the signature on the face of the card)
    Yes
    No
    Yes*
    12 MAPIN card [issued by NSDL]
    Yes
    No
    Yes
    13 PAN card
    Yes
    No
    Yes
    14 Photo ID card issued by any of the following organizations/Institutions

    1. Central Government or any of its Ministries.
    2. Statutory / Regulatory authorities
    3. State Govt. or any of its Ministries
    4. Public Sector Undertaking (established under GOI or State Govt)
    5. State Govt. of J&K
    6. Bar council
    7. Senior Citizen card issued by State/Central Govt.
    8. Govt. of India to Persons of Indian Origin [PIO card]
    9. Defence Dept / Ministry of defence for Defence personnel & their dependants
    10. Public Financial institutions
    11. Identity card issued by Super A and Cat A companies with Employee id mentioned on the identity card.
    (*Can be accepted as Signature proof if it carries the signature)
    Yes
    No
    Yes*
    15 Photo ID card issued by ICWAI/ICAI/ICSI/Indian Medical Association
    Yes
    No
    No
    16 The covering letter accompanying the PAN card at the time of issuance should be accepted along with the PAN card.
    No
    Yes
    No
    17 Telephone bill/Electricity bill of Public and approved Private operators in the State [Not older than 3 months]
    No
    Yes
    No
    18 Bank account statement /Bank Passbook of a PSU / Private Sector / Foreign bank [Not older than 3 months]
    No
    Yes
    No
    19 Demat account statement with address-should not be more than 3 months old. HDFC Bank Demat a/c statement can be accepted.
    No
    Yes
    No
    20 Post office pass book with full address
    No
    Yes
    No
    21 Letters of correspondence from Professional Bodies like ICAI/ICWAI/ICSI/Indian Medical Association etc showing the current address. The same should match the address on application form. To be taken along with Id card issued by these Associations
    No
    Yes
    No
    22 Income tax assessment order with address, should pertain to assessment of income of last financial year
    No
    Yes
    No
    23 Letter / Monthly outgoings bill (only from Registered societies)
    No
    Yes
    No
    24 Copy of title deeds (Wherein original title deeds are registered and stamped)
    No
    Yes
    No
    25 Land Patta/Jamabandi / 7/12 extract
    No
    Yes
    No
    26 Lease/ Leave & license agreement / Rent agreement copy duly stamped (to be stamped where as per state laws it is mandatory) accompanied by CPV. The agreement should be on Rs 100/- stamp paper and the agreement should be at least 3 months old from the date of loan application.
    No
    Yes
    No
    27 Latest Property tax bill / Property tax paid Receipt
    No
    Yes
    No
    28 Muncipal/Corp/Panchayat/Tax Payment Receipt of last one year
    No
    Yes
    No
    29 Mobile post paid bill of public / private operators in the State.
    No
    Yes
    No
    30 Printed consumer gas connection card / book OR latest pipe gas bill.
    No
    Yes
    No
    31 Domicile certificate with communication address issued by Municipal Corporation.
    No
    Yes
    No
    32 Certificates issued by Mandal revenue officer. "Mandal Revenue Office " is State Governing Body "based on this "House Hold Card "are issued
    No
    Yes
    No
    33 Latest Credit Card Statement with CPV at the same address. Statement not more than 2 months old
    No
    Yes
    No
    34 Address on Employers Letter Head, duly signed & stamped by appropriate Authority and CPV done for Super A and Cat A companies only. Letter should not be more than 3 months old. Applicable only for company provided accommodation.
    No
    Yes
    No
    35 Insurance policy or premium receipts of the address in question. This includes Life as well as Non Life insurance policies for both Government undertaking as well as Private Operators.
    No
    Yes
    No
    36 SSI and Shops & Establishment Act Registration certificate may be accepted provided the mailing address is the same as the Shop / office / Factory & confirmed by CPV.
    No
    Yes
    No
    37 House Allotment letter issued by the Central/State government authorities mentioning the name and address of the applicant.
    No
    Yes
    No
    38 Senior citizens card issued by the State /Central Govt. of India (*if it carries address)(** if it carries signature)
    No
    Yes*
    Yes**
    39 Photo ID card with photograph (issued by J&K & Goa State Govt.) (*if it carries address)(** if it carries signature)
    No
    Yes*
    Yes**
    40 IRIS scanned household Card with photograph (issued by Andhra Pradesh. govt.)(*if it carries signature)
    No
    Yes
    Yes*
    41 Additional Address Proofs: Defence Accounts (Indian Army, Navy & Air Force)
    • Transfer / Movement order issued by the defence ministry / unit of defence ministry mentioning the name and address of the applicant.
    • House Allotment letter issued by the defence ministry / unit of defence ministry mentioning the name and address of the applicant.
    • Certificate on the defence letterhead issued by the defence ministry / unit of defence ministry mentioning the name and address of the applicant.
    No
    Yes
    No
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