Online Loan Comparison

SBI Bank loan against securities

SBI 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, NSC/KVP, mutual funds, life insurance policies, etc.

Leverage your investments in securities for loans to meet unforeseen expenses!! Avail of loans up to Rs.20.00 lacs against your shares and upto Rs.5.00 crores against your mutual funds.

What is the eligibility criteria for SBI loan against securities?

For Shares:

This facility is available to their existing individual customers enjoying a past satisfactory relationship with SBI and maintaining their DEMAT Account with SBI Cap Sec.

It is offered as an Overdraft or Demand Loan.
Loan can only be availed in single name.
NRIs are currently not eligible for this loan.

For Mutual Funds:

Individual(s) over 18 years of age.
Eligible Branches : All Branches.
To avail online loan facility:
- Customer's Savings / Current account should be in single name only.
- MF holding with CAMS should be in single name only.
- Bank account and MF account should have identical PAN number.
- Bank account and MF account should have identical mobile number.
- Bank account and MF account should have identical email id.
- Joint account holders can avail loan from Branch only.

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

Scheme	1 year MCLR	Sped over 1 year MCLR	Effective Interest Rate
Loan against Shares	8.95%	2.50%	11.45%
Loan against NSC/KVP	8.95%	2.50%	11.45%
Loan against RBI Relief Bond	8.95%	2.50%	11.45%
Loan against Insurance Policies of LIC/ Dept. of Post Offices/India Post/SBI Life/ ICICI Prudential/ HDFC Standard	8.95%	2.50%	11.45%
Loan against Mutual Fund Units	8.95%	1.10%	10.05%
Loan against Sovereign Gold Bond (SGB)	8.95%	2.00%	10.95%

LOAN AGAINST BANK TIME DEPOSIT (TDR/STDR) / FCNR (B) DEPOSIT:

Loan Type	Interest Rate
Loan against Bank's Time Deposits (Domestic)	1.00% over the rate of interest paid on the relative Time Deposits offered as security irrespective of the loan amount.
Loan against NRO Fixed Deposits	1.00% over the rate of interest paid on the relative Time Deposits offered as security irrespective of the loan amount.
Loan against NRE Fixed Deposits	1.00% over the rate of interest paid on the relative Time Deposits offered as security irrespective of the loan amount.
Loan against FCNR (B) Deposit	2.90% over 1 year MCLR (presently 1 year MCLR is 8.65%).

Minimum and Maximum Loan Amounts Offered to Customers

For Shares:

Minimum Loan Amount : Rs 50,000/-
Maximum Loan : Rs 20.00 lacs (Loans against shares not to exceed Rs 10 lacs if the purpose is for subscribing to IPOs.)

Minimum Loan Amount : Rs 25,000/-

For Mutual Funds: Maximum Loan :

Equity/ Hybrid/ ETF MF : Rs 20,00,000
Debt/ FMP MF : Rs 5,00,00,000. Margin
Equity/ Hybrid/ ETF MF : 50%
Debt/ FMP MF : 25%

Rates & Fees

For Shares:

Fee Description	Amount
Review Charges	Rs.1000 + Applicable GST (Applicable only for Overdraft A/C)
Processing Fee / Loan Processing Charge	0.75% of the loan amount with minimum of Rs.1000 + GST.
Account Keeping Charges	Rs.550 + GST . Account Keeping Charges are applicable for Overdraft Facility.

For Mutual Funds:

Fee Description	Amount
Review/Renewal Charges (Yearly)	Rs.1000 + Applicable GST yearly.
Processing Fee / Loan Processing Charge	0.50% of the Loan Amount + applicable Service Tax (ST) (Min: Rs 1000 Max: Rs 10,000 +applicable ST)
Account Keeping Charges	Rs.550 + GST . Account Keeping Charges are applicable for Overdraft Facility.

Required Documents for SBI Loan Against Securities

Following documents required if loan is availed through Branch (No need for Online Loan against MF):

Application Form
Passport size photograph
Proof of Identity
Proof of residence / Proof of official address (for other than employees):
Proof of Income
Latest statement of account issued by SBI Funds Management Ltd indicating details of units held.
Investor’s request for Lien Marking:
Declaration
Authorization to recover non-serviced interest Letter: