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HDFC bank loan against securities

HDFC Bank Loan Against Securities is a loan that is provided against the value of securities held by an individual or entity. The collateral could be in the form of shares, bonds, mutual funds, life insurance policies, etc.

Unlock funds using your investments as collateral with HDFC Bank. Get quick access to cash without selling your shares, mutual funds, or bonds. Enjoy competitive rates and flexible repayment options while your assets continue to grow. Secure your financial needs with ease!

What is the eligibility criteria for HDFC loan against securities?

In order to apply for the HDFC Loan against Securities, the applicant needs to match the following criteria:

The applicant must be a resident of the country
The applicant can be Resident Indians, NRI, HUF, Sole Proprietorship, Partnership firm, Pvt. Ltd. Company for certain types of securities.

What is the rate of interest on HDFC loan against securities?

Product	Interest rate range
Loan against equity securities	9.40% - 12.35%
Loan against debt securities	8.70% - 11.02%

Rates Offered to Customers (Jan 24 to Mar 24)

Product	Min APR	Max APR	Avg APR
Equity	8.00%	17.10%	10.79%
Debt	7.10%	1320%	10.28%

Note:
The loan is granted only for personal purposes. The loan amount cannot be used for speculative activities, any purpose linked to capital market activities, or for any anti-social purposes. All credit provided is at the absolute discretion of HDFC Bank.

Rates & Fees

Fee Description	Amount
Annual Maintenance Charge	Rs. 1000 + GST (as applicable)
Processing Fee / Loan Processing Charge	Digital: Rs. 1499/- Physical: Rs. 3500/-
Processing Fee on Enhancement	Rs. 500/- (for all Physical and Digital cases)
Stamp Duty and Other Statutory Charges	As per applicable state laws
Charges on Drawings in Excess of Limits (due to interest or portfolio revaluation)	Incremental Interest up to 18% p.a. + tax
Dormant Account Penalty/Charges (in case limit drops to zero)	Rs. 500/-

Additional Charges

Description	Charge
Credit Information Companies (CICs) Charges	As applicable
Switch from Fixed to Floating Rate	Not Applicable
Switch from Floating to Fixed Rate	Not Applicable
No Due Certificate / No Objection Certificate (NOC)	Nil
Duplicate No Due Certificate / NOC	Nil
Solvency Certificate	Rs. 400/- per customer
Prepayment Charges	2% if closed before the end of tenure
Transaction Request Form (TRF) Processing Charges	Digital: Rs. 50/- per Transaction Non-Digital: Rs. 100/- per TRF
Pledge Creation Fees	Up to Rs. 5/- per NSC/KVP/Bond/Insurance Policy/MF unit
De-pledge Fees	Rs. 50/- per NSC/KVP/Bond/Insurance Policy/MF unit
Charges for Realization of Proceeds on Maturity/Redemption (Fixed Maturity Plans)	Rs. 100/- per instance (minimum Rs. 250/- per request)
Charges for Collection of Maturity Payment/Surrender/Survival Benefit Payments (Insurance Policies)	Rs. 50/- per NSC/KVP/Bond/Insurance Policy/MF unit
Sale of Security in the Event of Default	As per actuals
Demat Charges	As applicable to the Demat account

Required Documents for HDFC Loan Against Securities

Proof of Identity
Signature Proof
Proof of Residence
For HUFs, Sole Proprietorships, Partnership Firms, Pvt. Ltd. Companies:
Balance Sheet, last 2 years' Profit and Loss Accounts, and IT returns for 2 years.

Terms for HDFC Loan Against Securities

Pre-payment charges are allowed only after 6 months, with a 2% fee if pre-closed before the end of the tenure.
Processing fee of 1.00% of the loan amount or a minimum of Rs. 2000, plus applicable taxes and stamp duty.
Loan disbursement occurs only after submission of documents along with the pledge.
Pledging Fees of up to Rs. 5/- per NSC/KVP/Bond/Insurance Policy/MF Unit Certificate.
The margin requirement is regularly reviewed.
Applicants must provide updates to the bank in case of a job or home address change.