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Loan Against Securities
Best option to meet short term requirement while keeping long term goals intact
Invest NowAbout LAS
What is Loan against Securities?
Loans against Securities is a type of an overdraft facility wherein you need to pledge mutual fund units as collateral and get the loan ranging from Rs.2 lacs to 10 crores. To meet your immediate fund requirement LAS is the best option rather than selling your existing investment.
You don’t have to provide any additional security or collateral except the securities you are pledging!
How does LAS work?
Loan against Securities are typically offered as an overdraft facility wherein you draw money from the account anytime you want (up to the sanctioned amount), and you need to pay interest only on the loan amount you draw and for the period you use it.
For example, your LAS has been sanctioned for Rs. 5 lacs. Now let’s say, you draw Rs 1 lacs and after 20 days you deposited the amount back into your loan account. In this case, interest will be charged on Rs.1 lac for 20 days.
The amount of loan you are eligible for depends on the value of the securities you offer as collateral
Eligibility
In order to apply for a Loan against Securities, you must meet
the following eligibility criteria:
- Loan will be available in the name of Primary holder only
- Applicant must be a resident citizen of India
- Applicant must be in the age group of 18 to 70 years
- This facilities is not available to HUF, NRIs & Minors
- Loans are granted only against the list of approved Mutual Fund/scheme
Documentation
- Passport size photograph
- Loan agreement duly signed
- NACH mandate duly signed
- Self-attested Pan Card
- Loan sanction letter duly signed
- Pledge request letter duly signed
- Cancel cheque leaf
- Valid Passport
- Self-attested Address Proof (Aadhaar Card OR Driving License OR Election Card)
- Job Card issued by NREGA duly signed by an officer of the State Government
- Letter issued by the National Population Register containing details of Name, Address of the customer
Why LAS?
Quick Access
to Finance
Pledge your mutual fund units and get an instant loan to meet your financial needs without liquidating your investments.
Interest on
Utilization
One of the biggest benefits of LAS is that interest is charged only on the amount withdrawn and for the duration it is utilized.
Retention of
ownership
LAS allows you to continue enjoying the benefits of your investments as you still enjoy the ownership of mutual fund units.
Zero part-payment and
foreclosure charges
Since there are no prepayment or foreclosure charges, you can repay your loan at your convenience.
Easy
Withdrawal
Request a withdrawal from your loan account and have the money credited to your bank account whenever required.
Online Access of
Loan Account
Manage your loan account anytime, anywhere through your FundzBazar login ID.
Interest Rate & Charges
Interest Rate
Loans against Securities come to you at an attractive interest rates as given below. This rate may vary from time to time.
| Loan Sanction Amount | Interest Rate |
|---|---|
| Minimum ₹10,000 | Maximum ₹5 Crore | 10.50% |
Charges
Loans against Securities come to you at an attractive interest rates as given below. This rate may vary from time to time.
| Processing Fee | ₹999 + GST |
| Documentation charges | Nil |
| Foreclosure Charges | Nil |
| Pre-payment Charges | Nil |
Head Office: Prudent House, Panjrapole Cross Road, Nr. Polytechnic, Ambawadi, Ahmedabad - 380 015, Gujarat, India.
- [email protected]
- 1800 419 5051
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Prudent Corporate Advisory Services Limited
AMFI Registered Mutual Fund & Specialized Investment Fund (SIF) Distributor
APMI Registered PMS Distributor
CIN: L91120GJ2003PLC042458
AMFI Reg No.: ARN-9992 (Date of initial Registration; 02 September 2003; Current validity of ARN –26 August 2028)| APMI Reg No.: APRN-00423 (Date of initial Registration; 11 August 2022; Current validity of APRN –10 August 2028) | SEBI Stock Broker Reg.: INZ000293634 | SEBI Research Analyst Reg. INH000018115 | SEBI Depository Reg.: IN-DP-477-2020 | NSE Member Id: 90209| BSE Member Id: 6733 | CDSL DP ID: 12090600 | NSDL DP ID: IN304981 | SEBI Investment Advisor Reg.: INA000004906 | PFRDA POP Reg.: POP 10092018 | IRDA Corporate Agent Reg. No. CA0869
* Mutual Fund investments are subject to market risks. Please read all scheme related documents carefully before investing.
Prudent Corporate Advisory Services Ltd. (ARN-9992) makes no warranties or representations, express or implied, on products offered through FundzBazar.com. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable. Copyright © 2024 Prudent Corporate Advisory Services Ltd.
