Loan Against Listed Shares & Securities

Purpose 

• Loan is provided for personal needs and cannot be used for speculative activities

Eligibility 

• The applicant must be the owner of such security.
• The applicant should have demat account
• Shares/securities must be in demat form only.
• Shares must be listed on BSE/NSE and should be approved/acceptable to the bank.

Security 

• Pledge of the demat shares and Securities against which loan is sanctioned.