Loan Against Securities: Get Loan Against Your Shares Up To Rs 5 Crore, Know How
Loan Against Securities: Tata Capital Securities is offering loans up to Rs 5 crore. Tata Group’s financial services company has introduced a new feature – ‘Loan Against Shares’ (LAS), which allows stock market investors to apply for loans up to Rs 5 crore.
To get the loan, stock market investors only need to pledge their dematerialized shares online which is facilitated by the securities depository National Securities Depository Limited (NSDL).
Tata Capital said the loan amount will be customized based on the value of the shares in the client’s portfolio. The entire process will be paperless and aims to provide an easy and seamless experience to the customers.
“Digital LAS is part of our endeavor to enable our customers to meet their financial requirements in a simple and convenient manner. Furthermore, the LAS offering can be customized and customers can have instant access to funds,” said Abanti Banerjee, Chief Digital Officer, Tata Capital.
key benefits
- End to End Paperless Journey – From Registration to Loan Account Creation
- Pledge of Shares through Online KYC and NSDL
- Electronic signature on loan documents with eNach facility
- Easy-to-use online portal for disbursement, repayment, additional mortgage and pledge
Tata Capital had earlier launched ‘Loans Against Mutual Funds’, in which mutual fund investors can pledge their investments to avail loans.