Loan Against Securities Rate of Interest

 



Loan Against Securities Rate of Interest

Loan against securities is a type of credit facility offered by various banks and financial institutions to customers on against a pledge of security. The following are the securities considered by lenders for loan against securities:

  • Mutual Fund Investment
  • Insurance Policies
  • Non-convertible debentures
  • NABARD Bonds
  • Mutual Fund Units
  • Demat Shares
  • National Saving Certificate or KVP

Apply Online Click Here:-Loan Against Securities

Loan Against Securities Interest Rate offered by Top Banks

Bank’s Name            Interest Rate                 Loan Amount

Axis Bank

8.10% Onwards

Rs.5 lakh to Rs.25 lakh

HDFC Bank

7.40% Onwards

Up to Rs.50 lakh

ICICI Bank

7.00% Onwards

Rs.5 lakh to Rs.25 lakh

Kotak Mahindra Bank

9.25% Onwards

Rs.5 lakh to Rs.25 lakh

State Bank of India

9.75% Onwards

Rs. 4 lakh to 5 Crore

Tata Capital

9.10% Onwards

Rs. 5 lakh to Rs.20 lakh

Bajaj Finserv

10.25% Onwards

Up to 5 Crore

Loan Against Securities Rate & Fees

Annual Maintenance Charge: up to 0.50% of the sanctioned credit limit for equity, debt, bonds, MF/FMP. Which ranges from Rs.1000 to Rs.5000.

Processing Fee:- up to 1.00% of the sanctioned credit limit include equity, bonds, MF/FMP & debts. This will be a non-refundable charge.

Stamp Duty and other statutory charges: As per applicable laws of the state.

Penal Interest:- Usually, penal interest goes up to 18.00% per annum plus tax on the amount drawn in excess to the limit.

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