Frequently asked questions
You can view the list of securities pledged by you to BFL by viewing the IVR (Interim Valuation Report) available under View Statements in the LAS service section.
You can avail a loan against security by providing any of the following securities:
• Shares
• Mutual funds
• Insurance policy
• Bonds
*Only Bajaj Allianz, ICICI Prudential Life Insurance, Max Life & TATA AIA Unit Linked Insurance Policies are accepted.
**Loan against bonds and insurance policies are not available through the Bajaj Finserv App. Send us your requirement at las.support@bajajfinserv.in for further details.
Opening a Loan Against Securities account through Bajaj Finance is limited to an individual applicant and only KYC documents are required to be uploaded.
For easy and smooth onboarding, we recommend keeping below documents handy:
• PAN card
• Proof of Identity and Address (Aadhar, Passport, Driving Licence, Voter ID, etc.)
• Demat holding statement
To avail loan against securities, an individual should be between 18 to 90 years of age.
Yes, it is possible. You may make a part prepayment or foreclose the entire loan before the end of the tenor. Besides, there are no foreclosure / prepayment charges payable for making part prepayment or foreclosing the entire loan before the end of the tenure.
The loan to value currently offered against securities are as follows:
For shares: up to 50%
For mutual funds: up to 90%
For bonds: up to 95%
Please note that the above are subject to change depending upon the applicable regulations and internal policies of BFL.
The tenure of the loan is from 7 days to 36 months. Any renewal of the loan/ facility shall be at the sole discretion of BFL.
Interest on loan against securities facility is payable on a monthly basis.
Post successful application and pledging of shares/ lien marking of mutual funds, the loan amount will be disbursed to your registered bank account within working 24 hours.
You can release securities provided you are not in shortfall and have excess withdrawable funds available. The request will be processed within 24 working hours post verification.
Download the Bajaj Finserv app, log in, and navigate to 'Loan Against Securities.' Select the type of security, enter basic details, and submit your application. The process is fully digital, allowing you to pledge shares or mutual funds instantly and track your loan status in real-time.
No, interest is charged only on the amount you actually withdraw from your assigned limit, not the entire sanctioned amount. This flexibility makes the loan more affordable, especially if you use only part of the approved limit.
Interest is calculated on a daily basis only on the withdrawn amount, not the full limit. The actual rate may vary depending on the security pledged. This structure allows you to manage your interest outgo efficiently and reduce costs with partial utilisation.
The Loan-to-Value (LTV) ratio varies based on the type of security pledged. For shares, it can go up to 50%, while for mutual funds, insurance policy or bonds, it can go from 80% to 95%. The exact LTV is determined by the risk profile and liquidity of the asset.
No, the EMI covers only the principal and interest. Any applicable processing fees are separate and are communicated upfront during the loan application. Bajaj Finserv maintains complete transparency with no hidden charges in EMI calculations.
The EMI is calculated using the formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]
Where P = loan amount, R = monthly interest rate, and N = loan tenure in months. The EMI calculator auto-applies this formula for accurate results.
Yes, the Bajaj Finserv Loan Against Securities EMI Calculator supports shares, mutual funds, and bonds. Select your asset type, enter the amount and tenure, and the tool will provide an estimated EMI instantly for better planning.
