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Bajaj Finserv Loan Against Securities

Bajaj Finserv Loan Against Securities is a loan that is provided against the value of securities held by an individual or entity. The securities are either in the form of shares, or mutual funds, with minal documentation requirements.

Take control of unforeseen circumstances by levering your shares and mutual funds.Unlock the potential of your investments to secure a loan against shares of up to Rs.1000 Cr with minimal documentation. With the convenience of pre-approved credit limit , you can borrow as per you need and pay interest only on the amount utilised.

What is the eligibility criteria for Bajaj Finserv loan against securities?

Eligibility Criteria:

Nationality:Indian
Age: 18 to 90 years
Employment:Salaried, Self-employed
Portfolio Value: Minimum Rs.50,000/-

Features and Benefits of Bajaj Finserv loan against Security.

For Shares:

Pre-Assigned Loan Limit: Get a pre-assigned loan limit of up to ₹1,000 Cr with just 3 documents.
1100+ approved shares: With a comprehensive list of 1100+ shares, you can avail a loan against shares of up to 50% of your share value.
Tenure of up to 36 months: Convenient tenure and repayment options starting from 7 days up to 36 months.
Continue earning your dividends: You keep earning dividends on your shares while availing loan against shares.
Only pay interest on the loan amount utilised: Pay interest only on the amount you've withdrawn and for the period utilised. You need not pay EMIs on the total approved loan amount.
All third-party DP shares are acceptable: All companies or DPs (Depository participants) DEMAT accounts are acceptable with Bajaj Finserv for a loan against shares.
Extra credit for increased share value: If the value of your share appreciates during the loan tenure, the pre-assigned loan limit will increase accordingly. Conversely, a decrease in share value will proportionally reduce the pre-assigned loan limit. This adjustment ensures that the "Sanction limit" remains unbreached.
Swap pledged shares when required: You have the flexibility to swap the pledged shares at any point of time during the tenure of your loan against shares.

For Mutual Funds:

Pre-Assigned Loan Limit: Get a pre-assigned loan limit of up to 90% of the value of your funds. Maximum loan limit of up to ₹1,000 Cr.
5000+ approved funds: With over 5000+ funds from 40+ AMCs, get a loan against mutual funds with just 3 documents. The loan amount will vary based on the fund type.
Interest on withdrawn amount: The interest is charged only on the amount that you have withdrawn from your pre-assigned loan against mutual funds.
No sell-off mutual funds: No need to sell your mutual funds. Get funds at attractive rates while continuously earning returns on your funds.
Tenure of up to 36 months: Convenient tenure and repayment options starting from 7 days to 36 months.
Loan limit based on fund type: The final loan limit depends on the type of fund (equity, debt, hybrid etc.), and the value of the fund. Check the applicable credit limit against each fund.
Dedicated customer portal: Download your loan statement, release funds and manage your loan online with their customer portal.
Extra credit for increased fund value: If the value of your mutual fund increases during the tenure of the loan, you can avail extra credit against the lien-marked funds.
Pre-approved offers for new customers: They have pre-approved offers for their existing and new customers. To check, all they need is your mobile number.

Minimum and Maximum Loan Amounts Offered to Customers

Minimum Loan Amount : Rs 25,000/-

Maximum Loan Amount : Rs 10,00,00,00,000/-
Customers are offered an exciting loan amount that ranges from Rs. 25,000 to Rs. 10,00,00,000.

Rates & Fees

For Shares:

Fee Description	Amount
Interest rate	Up to 20% per annum
Processing Fee / Loan Processing Charge	Up to 4.72% of the loan amount (inclusive of applicable taxes)
Prepayment charges	Full prepayment : Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment. Part-prepayment – Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment.
Annual maintenance charges/ Renewal fees	Up to 1.18% (inclusive of applicable taxes) on the sanctioned amount.
Bounce charges	In case of default of repayment instrument, Rs. 1,200 per bounce per bounce will be levied.
Penal charge	Delay in payment of installment (as per payment frequency mentioned in the Sanction Letter) shall attract penal charges as more particularly described in Annexure I from the respective due date until the date of receipt of installment (as per payment frequency mentioned in the Sanction Letter) / principal / overdue amount.
Stamp duty (as per respective state)	Payable as per state laws
Brokerage charges	As applicable at actuals
DP charges	As applicable at actuals
Pledge confirmation charges	As applicable at actuals
Pledge invocation charges	As applicable at actuals
Demat Share Transfer Charges(post invocation)	As applicable at actuals
Legal charges	As applicable at actuals
PG Facility charges	Rs.11/- (Inclusive of applicable taxes) will be charges for utlising the payment gateway to mark part or full payment towards the loan through digital properties.

Charges levied by Broker to BFL and the same is passed on to the clients.
Charges levied by NSDL/CDSL to BFL and the same is being passed on to the clients.

Required Documents for Bajaj Finserv Loan Against Securities

Following documents required for availing loan against securities:

KYC Documents: Aadhar/Passport/Voter's ID
Pan Card
Demat Holding Statements if the security to be pledged is in the form of shares.
Consolidated Account Stattement if the security to be pledged is in the form of mutual funds.

How to Apply for This Loan

Step-by-step guide to apply for loan against shares:

Step 1: Click on 'Apply'.
Step 2: Enter your personal details such as name, PAN, DOB, etc.
Step 3: Provide your email address and verify it.
Step 4: Add the scrips against which you wish to avail a loan.
Step 5: They will evaluate your portfolio and generate a personalised loan offer.
Step 6: Complete the KYC verification process for generating the sanction letter.
Step 7: Register the E-mandate to set up automatic repayment of your EMIs.
Step 8: Accept the agreement and provide your consent for loan sanction and disbursement.
Step 9: Pledge your shares to determine the final loan amount.
Step 10: Upon verification, the loan amount will be credited to your bank account.

Step-by-step guide to apply for loan against mutual funds:

Step 1: Click on 'Apply'.
Step 2: Enter your personal details such as name, PAN, DOB, etc.
Step 3: Provide your email address and verify it.
Step 4: They use your mobile number to fetch your portfolio details using CAMS and KFintech systems.
Step 5: Select the funds from your portfolio and enter units against each for lien marking to generate a loan offer.
Step 6: They generate a loan offer based on your eligibility. You may proceed with the offer or edit it.
Step 7: Proceed with the lien marking process by entering the OTP.
Step 8: Complete the KYC and bank account verification for generating the sanction letter.
Step 9: Accept the agreement and share your consent for loan sanction and disbursement.
Step 10: After verification, the loan amount will be credited to your bank account.

What is the tenure for loan against securities?

The tenure of the loan is from 7 days to 36 months. Any renewal of the loan facilties shall be at the sole discretion of the BFL.

Is it possible to make a part prepayment/foreclosure before the end of the loan tenure?

Yes, it is possible. You may make a part-prepayment or foreclose the entire loan before the end of the tenure. Bajaj levies up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment, and up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment.