MUTUAL FUNDS
For investors looking to diversify their portfolio, mutual funds offer a chance to invest money in stocks, bonds, or other assets with the help of qualified fund managers.
TRADING
You can opt for utilising your loan amount for trading more shares. Choose the trading type based on your financial goal, the period you want to stay invested for, and other factors to potentially generate higher returns.
FIXED DEPOSIT
A low-risk investment option provided by banks and Non-Banking Financial Institutions is a fixed deposit or FD. You can invest a fixed sum of money in FD for a predetermined period and receive a fixed interest rate for the tenure.
Features and benefits of our loan against shares
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Features and benefits for Loan Against Shares
Here's everything you need to know about applying for a Loan Against Shares with us.
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Pre-assigned loan limit
Get a pre-assigned loan limit of up to Rs. 1000 crore with just 3 documents.
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1000+ approved shares
With our comprehensive list of 1000+ shares, you can avail loan of up to 50% of your share value. Check the approved list of share.
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Tenure of up to 36 months
Convenient tenure and repayment options starting from 7 days up to 36 months.
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Continue earning your dividends
You keep earning dividends on your shares while availing loan against it.
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Only pay interest on loan amount utilised
Pay interest on the withdrawn loan amount, for the utilised period. You do not need to pay EMI on the total approved loan.
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All third party DP shares acceptable
All company’s or DPs(depository participants) DEMAT accounts are acceptable with us.
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Extra credit for increased share value
If the value of your share increases during the tenure of the loan, the eligible pre-assigned loan limit will increase. Similarly in case the value of share falls, the pre-assigned loan limit will reduce proportionally. This would be subject to “Sanction limit” not getting breached.
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Swap pledged shares when required
You have the flexibility to swap the pledged shares at any point of time during the tenure.
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Dedicated customer portal (My Account)
Download your loan statement, release share, and manage your loan online with our customer portal – My Account.
Eligibility criteria and documents required
Anyone can apply for our loan against shares online, as long as they meet the four basic criteria mentioned below. Also keep a few documents handy while applying for Loan against shares.
Eligibility criteria
- Nationality: Indian
- Age: 18 to 90 years
- Employment: Salaried, self-employed
- Security value: Minimum Rs. 50,000
Documents
- KYC documents:
a. Passport
b. Driving License
c. Voter’s Identity Card
d. Aadhaar
e. Job Card issued by NREGA
f. Letter issued by the National Population Register - PAN card
- DEMAT holding statement
Corporates/ HUF/ LLP/ Partnership/ Trust/ Sole Proprietorship can apply for loan against shares of up to Rs. 1000 crore, by reaching us at las.support@bajajfinserv.in.
How to apply for a loan against shares
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Did you know?
You can avail loan of up to 50% of your share value
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Did you know?
You can access funds without selling your shares
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Did you know?
You can increase your loan limit by pledging more shares
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Did you know?
You can manage your loan online with our customer portal
Applicable fees and charges
The following charges are applicable on loan against securities:
Types of fees |
Charges applicable |
| Interest rate |
8% to 15% per annum |
Processing fee |
Up to 4.72% of the loan amount (inclusive of applicable taxes). |
Prepayment charges |
Full prepayment - Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment Part-prepayment - Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment |
Annual maintenance charges/ renewal fee |
Up to 1.18% (inclusive of applicable taxes) on the sanctioned amount |
Bounce charges |
Rs. 1,200/- per bounce “Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason. |
Penal charge |
Delay in payment of instalment (as per payment frequency mentioned in the Sanction Letter) shall attract penal charges as more particularly described in Annexure I from the respective due date until the date of receipt of instalment (as per payment frequency mentioned in the Sanction Letter)/principal/overdue amount. To view Annexure I, kindly click here. |
Stamp duty (as per respective state) |
Payable as per state laws |
Brokerage charges* |
As applicable at actuals |
DP charges** |
As applicable at actuals |
Pledge confirmation charges** |
As applicable at actuals |
Pledge invocation charges** |
As applicable at actuals |
Demat share transfer charges (post invocation)** |
As applicable at actuals |
| Legal charges | Recovery of charges |
*Charges levied by Broker to BFL and the same is being passed on to the clients
**Charges levied by NSDL/ CDSL to BFL and the same is being passed on to the clients
Frequently asked questions
The loan against shares facility available through the Bajaj Finserv app/ web is only applicable for salaried and self- employed customers, to get loan of up to Rs. 1000 crore.
We also provide loans against shares up to Rs. 1000 crore to Corporates/ HUF/ LLP/ Partnership/ Trust/ Sole Proprietorship. For this you can reach us at las.support@bajajfinserv.in.
The actual amounts sanctioned would depend upon the credit profile of the applicants, the value of shares pledged etc., at the sole discretion of Bajaj Finserv.
You can avail of a loan against shares against 1000+ shares. Click here to view to approved list of shares.
The loan-to-value currently offered against shares are up to 50% of share value.
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.
For sanctioning loans against shares, we have an approved list of 1000 + shares which may be accepted. The list of approved shares may be modified by BFL from time to time as per the internal policies and procedures of BFL.
For any assistance with regard to a loan against shares you can write to us at las.support@bajajfinserv.in.
Yes, it is possible. You may make a part-prepayment or foreclose the entire loan before the end of the tenure. Bajaj levies 4.72% and Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment. foreclosure charges.
Yes, you can swap/ change the shares during the tenure of the loan. Swapping would be allowed within the approved shares list of Bajaj Finance Limited (BFL).
You can view the list of shares pledged by you to BFL by viewing the IVR (Interim Valuation Report) available under View Statements in the Loan Against Securities service section.
To raise a request for additional disbursement, please choose the 'Disbursement Request’ option in the Loan against Shares Service Section available under the ‘My Relations’ tab.
Please note it is subject to LTV being continued to be maintained with respect to the shares pledged and principal outstanding.
For valuation, the price of your shares is updated in the Bajaj Finserv app/ BFL portal every 5 minutes.
Interest on a loan against shares facility is payable monthly.
No. The interest is charged only on the loan amount that you have drawn down or the outstanding loan amount.
The interest cycle is calculated from the 7th day of each calendar month to the 6th day of the succeeding month. Interest due towards a loan against shares is generated on the 7th of every month.
Loan to Value ratio or LTV is the ratio of the loan amount outstanding to the value of pledged shares. 50% LTV is always required to be maintained for loan against shares facility. LTV is subject to changes in regulations. Any shortfall in the maintenance of the 50% LTV occurring on account of movement in the share prices shall be made good within 7 business days.
Opening a loan against shares account through the Bajaj Finserv App with respect to individual Borrowers and which is subject to successful KYC completion
For easy and smooth onboarding, we recommend keeping the below documents handy:
- PAN card
- Proof of Identity and Address (Aadhaar, Passport, Driving Licence, Voter ID etc.)
- Demat holding statement
Below are the steps to pledge shares:
You can pledge your shares either online or offline. Below are the steps for the same:
Step 1: Reach out to your existing broker for your holding statement
Step 2: Request pledge creation form from your Depository Participant basis the depository (NSDL/CDSL)
Step 3: Fill out the form using the below pledgee details:
Pledgee Name: Bajaj Finance Limited
Pledgee DP Details: Fill in the details of the Depository Participant Account where you maintain your account (either CDSL or NSDL)
Depository DP ID Client ID
CDSL 12088600 00000061
NSDL IN304300 10000061
Step 4: Submit the form to your existing broker with the details
Step 5: Once the shares are pledged, the loan will be disbursed
The final loan amount shall be calculated basis of the effective pledge marked on the shares and the price of the shares.
Post successful execution of agreement and additional documents as required by BFL, and creation of pledge of shares, the loan amount will be disbursed to your registered bank account within minimal time.
50% LTV is always required to be maintained for loan against shares facility. LTV is subject to changes on account of Regulatory Changes. Any shortfall in the maintenance of the 50% LTV occurring on account of movement in the share prices shall be made good within 7 business days.
Further, in case the Loan to Value falls more than 85% then BFL will go ahead with the liquidation of shares with an intimation to the Borrower.
You can repay the shortfall or pledge more shares to make the shortfall good.
In case you fail to fulfil the shortfall within 7 business days, Bajaj Finance Limited holds the right to sell the pledged shares to make good the shortfall.
You can release shares, provided you are not in shortfall and have excess withdrawable funds available. The request will be processed within minimal time post-verification.
To avail loan against shares, an individual should be between 18 to 90 years of age.
The maximum limit for a loan against shares from Bajaj Finance Limited is up to Rs. 1000 crore.
This limit is indicative and may vary based on the factors such as the type of shares pledged, the market value of the shares, etc.
