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Loan Against Securities Rate of Interest
LOAN
Loan Against Securities Rate of Interest
shared by financeseva12 on Jul 18
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Loan Against Securities Rate of Interest
Loan against security is a loan advance to a customer against a pledge of security. It can be loan against insurance policy, mutual funds, National Savings Ce...
rtificate and other securities. Loan against security rate of interest can be given against the following securities:
Insurance policies
Non-convertible debentures
NABARD Bonds
UTI Bonds
Mutual fund units
Demat shares
National Savings Certificate or KVP, these are accepted in demat form only.
Compare Loan against Securities offered by popular banks
Bank Interest Rate Loan Amount Tenure
HDFC Bank At the discretion of the bank Rs.50,000 onwards Depends on the loan amount
Bajaj Finserv 9.50% to 12.00% p.a. Up to Rs.10 crore Depends on the loan amount and rate of interest
ICICI Bank On the basis of the tenure and the amount withdrawn
Rs.50,000 to Rs.20 lakh Depends on the loan amount and rate of interest
Tata Capital 10.50% onwards Rs.50,000 to Rs.20 lakh 1 year with an auto renewable feature
State Bank of India (SBI) On the basis of the selected scheme
Rs.20,000 to Rs.5 crore (Based on the selected scheme) Depends on the loan amount and rate of interest
Axis Bank 10.50% to 12.75% p.a. Up to 85% of the value of securities
Depends on the loan amount and rate of interest
Features of Loan against Securities
A loan against securities is a secured Loan such as debentures, shares, bonds or mutual funds are offered as collateral.
The tenure of the loan against security is one year, but it can be easily renewed.
The loan amount depends on the security the borrower is offering.
The no charges for prepayment of the loan.
Source
https://fina...securitiesCategory
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