Loan Against Shares

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Features and Benefits

Instant Online Approvals

Get an instant approval for a Loan Against Shares through our online facility from wherever you are. Simply log onto our website, fill in the online application form and get an in principle approval within 5 minutes.

Loans up to Rs. 10 Cr

We offer one of the highest ticket size of up to Rs. 10 Crore so that you can pursue your business / personal aspirations.

Part Prepayment facility

You can prepay your loan at any interval as per the liquidity available with you.

NIL Foreclosure Charges

You can choose to foreclose your loan anytime during your loan tenure without any foreclosure charges.

Security Swapping

Get the flexibility to swap securities as per your convenience and need.

Online Account Access

View all information and transact on your loan account on our Customer Portal – Experia. Raise requests and queries too. Just log in with your Username/Email ID/Mobile Number and access any information you want about your loan.

Dedicated Relationship Manager

Get a single contact-point for all your requests and queries through your Dedicated Relationship Manager right from loan application to sanction and disbursement as well as for any further help that you may need.

EMI Card

get a free EMI Card with your Loan Against Shares for purchase of your favorite Consumer Durable and Lifestyle products with 0% interest finance.

Pre Approved Offers

Enjoy exclusive Pre-approved offers from time to time as a valued customer
Click Here for an instant 5 minute online approval

NIL Part pre-payment Charges

You can choose to part repay your loan without any pre-payment charges.

Eligibility and Documents

  • You are an Indian Resident
  • You are at least 25 years of age when the loan is sanctioned
  • You are a salaried professional with a regular source of income
  • The minimum value of your securities should be Rs. 25 Lacs

You may avail a Loan Against Shares if you are residing in any of the below-mentioned 17 cities across India:

  • Ahmedabad
  • Bangalore
  • Chennai
  • Cochin
  • Delhi
  • Hyderabad
  • Indore
  • Jaipur
  • Kolkata
  • Lucknow
  • Ludhiana
  • Mumbai
  • Nagpur
  • Pune
  • Rajkot
  • Surat
  • Vizag

Documents

Application form
Photograph
Identity Proof
Address proof
Signature Proof
Date of Birth Proof
Income Details with your latest pay slip and form 16 for the past 2 years and last 6 months Demat statement
Bank Account Statements for the last 3 months
MOA/AOA

*Kindly note that the list of documents mentioned is indicative. During loan processing additional documents may be asked for .The same will be appropriately communicated to you as and when required.

Fees and Charges

Rate Fees
Processing Fees 0.25%** to 1.00% of loan amount
Loan Statement Charges NIL
Interest and Principle Statement Charges NIL
Charges
PDC Swap Charges NIL
Cheque Bounce Charges Rs. 1000 for every bounce
Penal Interest 2% pm
Prepayment Fees No prepayment charges if paid from own funds.
Foreclosure Charges NIL
Secure Fees* Rs 1,999

* Applicable only for instant 5 min online approval process
** Applicable to Online LAS application

Click Here for an instant 5 minute online approval.

How to Apply

You can apply for Loan Against Shares using any of the following facilities:

Fill the online form

Visit the online application form page and fill in all the necessary details. Please ensure you have filled all the fields with the correct information.

Get instant approval

Once your loan application form is received, you will get a confirmation email and an SMS. This is a confirmation that the rest of the process for your loan has been initiated.

Personal Discussion & Document verification

Shortly after your approval, one of our representatives will come and collect the necessary documents from you at an appointed time and date. We will make sure we collect all the necessary documents from you first time itself so that you don't have to take time out again.

Credit to your account

After necessary checks, the loan amount will be credited to your designated salary bank account. A welcome note and online login details will be sent to you on your mobile. Using the online login you can check your statement of your accounts online.

Just call us on 1800 1033535. .

OR



Email us at onlinelas@bajajfinserv.in

Frequently Asked Questions



Q1. Can I foreclose my Loan Against Shares a/c?

A. You can choose to foreclose your loan anytime you want after payment of interest and the principal loan amount. What’s more, there are no foreclosure charges.


Q2. Can I make part payments on my Loan Against Shares?

A. All our loans come with the Part-Prepayment facility. With this, you can part prepay as much as you want during the tenor of loan.


Q3. What are the minimum and maximum loan amounts in Loan Against Shares?

A. Minimum & Maximum Loan Amount for Loan Against Shares is Rs. 15 Lac to Rs. 10 Cr. You may choose any loan amount ranging from 15 Lac to 10 Cr. The final sanction will depend on your portfolio value and various other criteria.


Q4. What are the benefits or advantages of taking a Loan Against Shares from Bajaj Finserv?

A. Please check out the Features and Benefits section for more details.


Q5. How do I apply for a Loan Against Shares?

A. You can apply online through our Online Application facility or contact us through various channels, mentioned in the ‘Contact Us’ section.


Q6. When will I get my Loan Against Shares?

A. For all online applications, you will get instant approvals.


Q7. How do I repay the loan?

A. You can repay the loan at any point of time during the loan tenor by repaying the due interest and principal loan amount through RTGS / NEFT / Cheque


Q8. What is online processing of a Loan Against Shares?

A. With our online application facility, you can apply for a Loan Against Shares from wherever you are. What’s more, you get instant approvals.


Q9. How do I apply online for an instant Loan Against Shares?

A. For details, check out the ‘How to Apply’ section.


Q10. On what criteria will the loan be sanctioned to me?

A. All loans are sanctioned on the basis of internal policies of Bajaj Finance Ltd.


Q11. When will I get the loan if I apply online?

A. Through our online application facility, you get instant approvals on your loan requests in 5 minutes. All disbursements are made within 72 hours of completion post approval/ sanctioned documentation & internal verification.


Q12. What are the key advantages of applying for loans online?

A. With our online application facility, you get the benefit of applying from anywhere. What’s more, you can get instant approvals on your loan requests.


Q13. How can I check the status of the loan for which I have applied online?

A. You can check the status in multiple ways:
Call our Customer Care on 18001033535, give your unique reference number provided to you by email and SMS and on authentication of details like name and date of birth and you will be informed of the status of your application.


Q14. How secure is the information provided by me?

A. All your information is secure with us. The online application is a completely secured application using state-of-the-art security systems.


Q15. What is a Secure fee for online application?

A. A Secure fee is a charge required to be paid for the submission of your application form online. This is required in order to process your loan online.


Q16. What if I don’t pay the Secure fees online?

A. In case you choose not to pay the Secure fee, you will lose the benefit of an instant online approvals.


Q17. I have already paid the Secure fee through the online application for Loan Against Shares, but I do not wish to avail the Loan Against Shares right now. Would I be paid back the Secure fees if I do not avail the Loan Against Shares from Bajaj Finserv?

A. In case the loan is sanctioned, but the disbursement has not been availed by you within 30 days of sanction, we shall refund the Secure fee already paid by you in full. In the event of your loan rejection, we shall refund the Secure fee paid by you in full.


Q18. How can I pay the Secure fee?

A. There are various ways in which you can pay your Secure fees online

  • Debit card
  • Internet-enabled online bank account


Q19. Is it safe to use my debit card on this site?

A. All transactions on our website are safe. We use best-in-class security and the transactions done are secure. We use SSL data encryption that protects the information from being viewed by unauthorized individuals.


Q20. How do I cancel a transaction or get a refund?

A. In case of any discrepancies we will refund the money, provided that the reasons are valid. Please call us at 1800 1033535. Read the ‘Terms and Conditions' for more details.


Q21. What is Loan Against Shares?

A. Loan Against Shares itself states that it is Loan Against Marketable Securities in which customer pledges his investment in favour of lender and borrow fund to meet his financial and personal requirement without selling his investment.


Q22. What are the features of Loan Against Shares?

A. Features of Loan Against Shares

  • Loan Tenor is 12 months
  • Only Interest is paid monthly on loan amount
  • Facility of swapping pledged securities
  • Online portfolio access on "Experia" Portal on real time basis
  • Dedicated Relationship Manager


Q23. What are the various types of Loans Against Securities?

A. Broadly, there are two types of loans under this category:

  • Loan Against Shares: This is a term loan against approved shares under Retail & HNI category and Promoter Funding.
  • Loan Against Mutual Funds/FMP: This is a term loan against approved Mutual Funds / FMP


Q24. What is purpose of Loan Against Shares?

A. To take care of all your investment as well as personal needs, meet contingencies, subscribing to primary issues, rights issues. It is the ideal way to get liquidity without liquidating them. It would make sense to avail of this facility when you are expecting a certain sum of money a few months down the line and you need some funds in the interim


Q25. What is the minimum & maximum loan amount for a Loan Against Shares?

A. the minimum loan amount is Rs. 15 Lacs & the maximum loan amount is Rs. 10 Cr.


Q26. If a customer does not have Demat a/c with Bajaj, can he still avail a Loan Against Shares from Bajaj Finserv?

A. Yes. You can pledge shares held with any Depository Participant in NSDL or CDSL


Q27. What is the type of Loan Against Shares Bajaj Finserv offers?

A. Bajaj Finserv offers Loan Against Shares for term loan & Flexi Loan. In a term loan, a customer borrows for a certain period like 3, 6, 9 & 12 months and can repay the loan amount at the time of completion of the loan tenure. In a Flexi Loan, a customer can request for repayment as well as disbursement up to his eligibility amount at any time during the tenor of loan.


Q28. What is the Loan to Value & Margin?

A. Loan to Value starts from 50% to 65% depending upon the category of the shares. Margin bracket starts from 35% to 50%.


Q29. How much interest does a customer need to pay?

A. Interest is calculated on a daily basis on daily outstanding amount which needs to be repaid on a monthly basis.


Q30. Can a customer pledge all the shares of his portfolio?

A. Bajaj Finserv has its own approved scrip list and it lends against those scrips alone.


Q31. If a customer is holding shares on his company’s name. Can he avail loan against them?

A. Yes, a customer can avail a loan by pledging his company’s shares post fulfilment of the relevant documentation requirement.


Q32. Can a customer pledge the shares held in the name of his spouse, children or parents?

A. Yes. He can avail a loan on these shares. He is required to take all of them as co-borrower / Security Provider


Q33. What are the pledge charges?

A. Pledge charges vary from DP to DP. However, the common charge is 0.04% of the pledge amount.


Q34. How can a customer get to know his loan eligibility amount?

A. For a Loan Against Shares, Bajaj Finserv considers the client’s profile, valuation of pledgeable securities & existing obligations if any, while calculating the loan eligibility amount. The ASM can help know the eligibility amount at the time of the personal meeting.


Q35. How can a customer obtain his Loan Against Shares a/c statement?

A. A customer can obtain the SOA through online our online Customer Portal – Experian, or contact his Loan Against Shares Relationship Manager.


Q36. How can a customer repay the loan amount?

A. A customer can repay the loan amount in part or full by drawing a cheque in favour of Bajaj Finserv OR through RTGS / NEFT at any point of time during the loan tenure.


Q37. Can customer release pledged shares / securities partly?

A. Yes. A customer can release the same after repaying the loan amount to the effect that the margin is maintained as per requirement.


Q38. What are the repayment charges?

A. Bajaj Finserv does not levy any repayment charges.


Q39. How can a customer release his pledged securities?

A. A customer can initiate a release request through his DP after repaying the loan amount and interest to Bajaj Finserv.


Q40. What is ESOP Financing?

A. When a lender funds an employee to exercise his/her vested shares which are under Employee Stock Option Plan, by asking to pledge those receivable shares at the time of allotment.


Q41. Who is eligible for obtaining finance for ESOP?

A. Any employee of the companies which are approved by Bajaj Finance Ltd, can avail this facility.


Q42. What is the minimum and maximum loan amount for ESOP Finance?

A. The minimum and maximum loan amount for ESOP finance is Rs. 10 Lac and Rs. 10 Cr respectively.


Q43. How is the loan eligibility amount calculated?

A. The loan eligibility amount is calculated based on:

  • Vested Price
  • Market Price
  • Margin of shares


Q44. Do you also fund FBT (Fringe Benefit Tax)?

A. Yes. We do fund FBT in case the required loan amount + FBT amount is within the eligible loan amount.


Q45. What is the margin that you consider for ESOP Financing?

A. The margin varies from company to company. However it starts from 30% to 40%.


Q46. What is the tenure for ESOP Financing?

A. The tenure for ESOP Financing ranges from 30 Days to 180 Days.


Q47. What are the charges for availing ESOP Financing?

A. Below are the charges:

  • Rate of Interest
  • Processing Fees
  • Pledge / unpledged charges
  • Demat A/c opening charges
  • AMC Charges for Demat A/c
  • Documentation charges


Q48. What is a process for availing ESOP Financing?

A. The employee needs to fill up the loan application form along with the new POA based Demat a/c form and submit it to Bajaj Finance Ltd

  • Employee has to submit his/her ESOP grant letter, issued by the employer
  • Bajaj Finance needs to check/verify the documentation and open the loan a/c and organize to open POA Demat a/c for ESOP Finance
  • Employee submits a pledge form duly signed by him/her to Bajaj Finance Ltd
  • Bajaj Finance Ltd calculates the loan eligibility amount and informs employee of the same
  • Employee mentions the POA Demat a/c no which is created for ESOP Financing and initiates the application to exercise ESOP
  • Bajaj Finance to RTGS / issue cheque in favour of respective employer on behalf of an employee based on the eligibility amount and ESOP requirement
  • Employee to inform about the date of allotment of shares to Bajaj Finance Ltd
  • Employer to allot shares in to POA Demat A/c of the employee where the POA is in favour of Bajaj Finance Ltd
  • Bajaj Finance to create pledge on those shares once the shares are allotted in POA Demat a/c


Q49. How is interest calculated on my loan for ESOP?

A. Interest is calculated based on the tenure you opted for ESOP Financing at the time of application. However, Bajaj Finance Ltd charges minimum 30 days interest in case the loan is repaid within 30 days.


Q50. What is the process for interest payment?

A. Bajaj Finance Ltd will bank a PDC cheque for interest collection on a monthly basis.


Q51. How can I repay my loan?

A. You can repay your loan in the following ways:

  • Selling allotted shares through Bajaj Finance Ltd– In this case Bajaj Finance Ltd will initiate the selling of the shares and retain the receivables to the effect that it covers the loan + Interest and rest of the amount will get credited to the employee’s beneficiary a/c
  • By paying the loan amount along with interest to Bajaj Finance Ltd. In this event Bajaj Finance Ltd will reconcile the a/c and release the pledge and transfer the shares to the employee’s beneficiary a/c


Q52. Can I apply for ESOP multiple times?

A. Yes. You may apply for ESOP Financing multiple times as long as your loan a/c is active with Bajaj Finance Ltd.

Contact us

Not yet an existing customer?

You can visit our branch or call us at 1800-103-3535 or SMS 'PL' to 9773633633

For Existing Customers

IVR - Toll Free

  • Dial 18001033535
  • Enter your 7-digit Bajaj Finserv Customer ID
  • Select from various IVR options
  • Access IVR in 10 languages: English, Hindi, Bengali, Marathi, Punjabi, Gujarati, Tamil, Telugu, Kannada and Malayalam
  • Access to all loan details

Email

Write to us at wecare@bajajfinserv.in to clear all your queries

SMS Updates

SMS  <<keyword below>> to +91 92275 64444
GETEMAIL for your current email address
UPDEMAIL <New email> to update your email address
GETADD for your current registered email address
CUSTID to know your customer ID
LAN to know your Loan Account Number
EMI LAN to know your loan/ EMI details
EXPERIA to know your Experia user ID and password
PIN to know your 4 digit EMI card PIN
FEEDBACK to give your valuable feedback
SAT Y Give a positive feedback
SAT N to give a negative feedback
(Your mobile number should be registered with us for this facility). Standard SMS Charges applicable

Visit Our Branch

  • Change of mode of payment (Swapping)
  • Purchase/cancellation of Insurance policy
  • Foreclosure of loan
  • Refund

To know the address of your nearest branch Click Here


Customer Portal

  • www.bajajfinserv.in
  • Select 'Customer Portal ' from the login option
  • Log in with your Username/Email/Mobile Number and Password
  • Access all loan details
  • Transact on your loan account
  • View special offers

Agreements and T&C

  To View View
pdf Loan Agreement img

Loan Against Shares

We provide loan against marketable securities to Retail & HNI and Promoters / Companies in promoter group on the following terms

  Loan Against Shares -
Retail and HNI segment
Loan Against Shares -
Promoter Funding
Tenure 12 months 12 months
Security BFL Approved List of shares Shares held by promoter & companies in Promoter group
Loan amount 25 lacs to Rs.10 Crs. Minimum Rs. 5 Crs. to Rs. 30 Crs.
Margin 30 % to 60% as per Bajaj Finserv approved List 50% and above
Interest rate Competitive Competitive
Documentation Standard Loan Document with PDC Standard Loan Document with PDC
Custodian charges Actual Actual

Financial Fitness Report

We launched the Financial Fitness Report (FFR) for our Salaried customers in December 2013.
Through this report we would educate and create financial and credit awareness among Salaried customers, one of our many value added services we provide. We have partnered with a firm called Credit Vidya who possesses the expertise in preparing the FFR for our customers.

The FFR is a concise, crisp, customized and easy to understand report, available at just Rs.749, for select existing customers, covering the following:

  • A customers’ Credit Score
  • Demystifying the credit score for the customer and informing him about his performance across various components of the score
  • Key monetary ratios & savings potential which would provide awareness to a customer about his financial leverage
  • Recommendations to the customer with respect to his credit behavior
  • DO’s & DON’T’s of good credit behavior

Click here to view a sample copy of the report

How to Apply

The Financial Fitness Report is only available to select existing customers who have an offer on our Customer Portal.
To view the FFR offer, a customer must log in to the Customer Portal with a Username/Email ID/Mobile Number and Password.

Alternately a Salaried customer could seek information about the FFR from our Sales / Credit Manager during the Personal loan application process. The report for a new customer is priced at 999/-
Post application for a FFR, the report is generated within 3 days post disbursal of the loan and emailed to the customer on the email ID provided by him/her.