Loan Against Securities – Tata Capital
Tata Group is functioning under the brand Tata Capital Limited, providing a wide range of loan products like loan against securities, home loan & personal loan. Launched in 2007, Tata Capital services individual and business clients with innovative products created to help fulfill various customer segments’ requirements. The company operates in various sectors including personal loans, business loans, home loans, and loans against securities.
With massive customer satisfaction and information technology integration importance, Tata Capital has positioned itself as a trusted partner for financial solutions.
Loan Against Securities – Tata Capital Ltd
The company gives three types of loans against securities:
- Loan Against Shares
- Loan Against Mutual Funds
- Loan Against Bonds
These loans allow clients to pledge marketable securities as collateral, thus raising funds for financial or personal needs without liquidating the investments. This ensures liquidity devoid of capital dilution, making it an appropriate solution for covering contingencies, satisfying needs on financial demands, or opting for alternative investment options.
Eligibility Criteria - Loan Against Securities
The eligibility criterion for Loan Against Securities availed at Tata Capital is as follows:
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- Age: An applicant must be above 21 years of age.
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- Citizenship: Indian citizen or resident
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- Ownership of Securities: Eligible securities whose ownership can be pledged.
- Creditworthiness: A good credit score is usually essential to enhance eligibility as well as obtain desirable terms.
Interest Rate and Charges - Loan Against Securities
Tata Capital provides competitive interest rates on the loan against securities. t provides and thus becomes an attractive option for those in need of liquidity but who do not want to liquidate their investments.
- Interest Rates: Usually range between 10% and 14% per annum. This depends upon the risk profile and type of securities pledged.
- Daily interest calculation: All interest is calculated daily concerning the amount outstanding, which goes a long way in increasing transparency for the customers.
- Processing fee: Usually, it is a one-time processing fee, which is around 1% to 2% of the loan amount.
- Late payment charges: In case of delayed payment.
- Prepayment charges: Usually nil; but surely, it is better to confirm before applying.
With a competitive interest rate against the market, it allows easy access to funds while retaining ownership of investments, and Tata Capital’s Loan Against Securities has made ample efforts toward being a reliable partner in fulfilling diverse financial needs across India.
Application Process - Loan Against Securities
- Visit www.divadhvik.com and start your credit journey by filling up the form
- The applicant needs to fill in the online application form along with personal details.
- Submit necessary documents including an Aadhaar Card, PAN Card, proof of address, and statement of shares, mutual funds, or bonds.
FAQ's - Loan Against Securities
Tata Capital, a part of the Tata Group, provides loans, investment, and wealth management services. They offer personal loans, business loans, home loans, and loans against securities.
A Loan Against Securities allows you to borrow funds using your shares, mutual funds, or bonds as collateral without selling them, while still earning dividends.
Abhiloans offers loans against three types of securities: shares, mutual funds, and bonds.
Pre-closure charges for your loan are nil. Reach out to us for more details and personalized assistance.
Since Abhiloans only holds your securities as collateral, you will continue to receive any dividends or experience capital growth on your investments as usual.
Late payment charges are 2% per month on the overdue amount. Reach out for more details.
