Why us?
IndusLAS offer an overdraft facility (OD) against approved securities such as Shares, Mutual Fund Schemes / Units, Govt & PSU Bonds including Sovereign Gold Bonds (SGB). You can avail maximum loan against your investments to get all that you ever wanted in your personal, business or professional life without liquidating your securities.
Stay Invested in Shares, Mutual Funds, Bonds & enjoy Liquidity against your investments
Benefits
Eligibility Criteria
Eligibilty
Individual
- Indian Residents
- Age between 18 to 70 years
- Holding approved securities
Non Individual
- Indian Entities
- Loan only against approved Debt Mutual Funds and Bonds
Note: The Bank may seek additional documents for sanction of loan facility, if required
Documents Required
Individual
- Application form and loan agreement
- KYC documents such as identity proof, signature proof and address proof.
- Demat Account Statement or Statement of Holdings (MF)
- Annexure W / lien request letter for pledging of securities
- For loan amount greater than Rs 50 Lac, last two years ITR with computation of income and last three months Bank Statement
Non Individual
- Application form and loan agreement
- KYC documents such as identity proof, signature proof and address proof.
- Demat Account Statement or Statement of Holdings (MF)
- Annexure W / lien request letter for pledging of securities with Board Resolution
- Audited Balance Sheet, Profit & Loss Account, Bank Statement and ITR return for the last two years.
Schedule of charges
Click on the link below for details:
Similar Products
Note: The Bank may seek additional documents for sanction of loan facility, if required