3 min
11-April-2025
A Loan Against Securities (LAS) allows you to leverage your existing investments—such as shares, mutual funds, bonds, or insurance policies—as collateral to secure funds without liquidating your assets. This means you can access capital while your investments continue to grow. Typically, the loan amount is a percentage of your securities' market value, with lenders offering up to 50% for equity investments and up to 80% for debt instruments. Interest rates for LAS are generally lower than those of unsecured loans, reflecting the reduced risk to lenders. Additionally, many LAS arrangements function as overdraft facilities, allowing you to pay interest only on the amount utilized. This flexible financing option enables you to meet immediate financial needs while retaining ownership of your investment portfolio.
1. Responding to market fluctuations
The value of your pledged securities directly influences your loan's drawing power. Market volatility can cause these values to fluctuate, potentially reducing your borrowing capacity. By keeping a close watch on your LAS balance, you can promptly address any shortfalls by pledging additional securities or making partial repayments, thus avoiding penalties or the liquidation of assets.
2. Preventing margin calls
Significant declines in the market value of your securities may lead to margin calls, where the lender requires you to restore the agreed-upon loan-to-value (LTV) ratio. Regular balance checks enable you to anticipate and prepare for such demands, ensuring you have sufficient funds or collateral to meet the lender's requirements.
3. Managing interest costs
LAS often functions as an overdraft facility, with interest charged only on the amount utilized. By monitoring your loan balance, you can manage your withdrawals effectively, minimising interest expenses and optimising the cost-effectiveness of the loan.
4. Maintaining financial discipline
Regular oversight of your LAS balance fosters responsible borrowing habits. It ensures you stay within your sanctioned limit and adhere to repayment schedules, preserving your creditworthiness and preventing potential default scenarios that could lead to the loss of your pledged securities.
5. Aligning with investment goals
Your investment portfolio is designed to meet specific financial objectives. Regularly checking your LAS balance helps ensure that leveraging your securities does not compromise your long-term investment goals, allowing you to make informed decisions about borrowing and repayment.
In summary, diligent monitoring of your Loan Against Securities balance is essential for effective financial management. It empowers you to navigate market dynamics, manage interest costs, and uphold financial discipline, all while protecting your valuable investments.
Access the Service Portal:
Visit the Bajaj Finserv Service portal.
Sign In:
Click on the ‘Sign-in’ button.
Enter your registered mobile number.
Input the One-Time Password (OTP) sent to your mobile device.
Verify your identity:
After logging in, confirm your identity by entering your date of birth.
Navigate to your loan account:
In the ‘Relations’ section, locate and select your Loan Against Securities account.
Review loan details:
Upon selecting your loan account, you can view comprehensive details, including:
Drawing power: The maximum amount you can withdraw based on your pledged securities.
Rate of interest: The interest rate applicable to your loan.
Value of pledged securities: Current market value of the securities you've pledged.
Available balance: The remaining amount you can withdraw.
Download loan statements (Optional):
For a detailed account of your transactions, navigate to the ‘Document Centre’ within your loan account.
Select ‘Statement of Account’ to download your loan statement.
By regularly accessing the Bajaj Finserv Service portal, you can stay informed about your Loan Against Securities balance and manage your finances effectively.
Download and install the app:
Go to the App Store (iOS) or Google Play Store (Android).
Search for "Bajaj Finserv" and download the official app.
Install the app on your smartphone.
Launch the app:
Open the Bajaj Finserv app by tapping its icon.
Log in:
Enter your registered mobile number.
Input the One-Time Password (OTP) sent to your mobile device.
Verify your identity:
After logging in, confirm your identity by entering your date of birth.
Access your loan account:
From the dashboard, navigate to the 'My Relations' section.
Locate and select your Loan Against Securities account.
View loan details:
Upon selecting your loan account, you can view comprehensive details, including:
Drawing power: The maximum amount you can withdraw based on your pledged securities.
Rate of interest: The interest rate applicable to your loan.
Value of pledged securities: Current market value of the securities you've pledged.
Available balance: The remaining amount you can withdraw.
Download loan statements (Optional):
For a detailed account of your transactions, navigate to the 'Document centre' within your loan account.
Select 'Statement of account' to download your loan statement.
By regularly accessing the Bajaj Finserv mobile app, you can stay informed about your Loan Against Securities balance and manage your finances effectively.
1. Using the missed call service:
Dial +91 9810852222 from your registered mobile number.
The call will disconnect automatically after a few rings.
You will receive an SMS containing details of your latest three financial relationships with Bajaj Finserv.
2. Utilizing SMS Services:
Compose a new SMS with the keyword ‘SHOL’.
Send this message to 9773633633 from your registered mobile number.
You will receive an SMS with your loan details.
3. Contacting Customer Care:
Call Bajaj Finserv’s customer care number at +91 8698010101.
Follow the Interactive Voice Response (IVR) prompts to navigate to loan-related inquiries.
Speak with a customer service representative to obtain information about your LAS balance.
Important Considerations:
Ensure that your mobile number is registered with Bajaj Finserv to access these services.
Standard call and SMS charges may apply as per your mobile service provider’s tariff.
For security purposes, avoid sharing personal or account information over unsolicited calls or messages.
By utilising these convenient services, you can easily monitor your Loan Against Securities balance and manage your finances effectively.
1. Online Banking Portal:
Registration and Login:
Ensure you're registered for your lender's online banking services.
Log in using your credentials.
Navigating to Loan Details:
Locate the section related to loans or credit facilities.
Select your LAS account to view balance and transaction details.
2. Mobile Banking Application:
App Installation and Setup:
Download your lender's official mobile banking app from the App Store or Google Play.
Register or log in with your online banking credentials.
Accessing Loan Information:
Navigate to the loans section within the app.
Select your LAS account to check your balance and recent transactions.
3. Customer Service:
Phone Banking:
Call your lender's customer service number.
Use the Interactive Voice Response (IVR) system or speak with a representative to inquire about your LAS balance.
SMS Banking:
Some lenders offer SMS services to check account balances.
Send a specific keyword (e.g., 'BAL') to the designated number from your registered mobile.
4. Physical Branch Visits:
Visit your lender's branch with valid identification.
Request assistance from a banking officer to obtain your LAS balance.
5. Email or Online Chat Support:
Utilize your lender's official email support or online chat services to request balance information.
Important Considerations:
Security Measures:
Always use secure networks when accessing financial information online.
Regularly update passwords and monitor account activity for unauthorized transactions.
Stay Updated:
Familiarize yourself with your lender's specific procedures, as services and access methods may differ.
By following these steps and considerations, you can effectively monitor your Loan Against Securities balance across various lenders, ensuring better financial control and planning.
1. Accessing your loan statement:
Online portal:
Log in to your lender's customer portal using your registered credentials.
Navigate to the 'Document Centre' or a similarly named section.
Select your LAS account to view or download the statement.
Mobile application:
Open your lender's official mobile app.
Access the 'Documents' or 'Statements' section.
Choose your LAS account to retrieve the statement.
2. Identifying key sections in the statement:
Account summary:
Provides an overview of your loan, including:
Sanctioned limit: The total loan amount approved.
Drawing power: The current amount available for withdrawal.
Outstanding balance: The amount currently utilised and due.
Transaction details:
Lists all financial activities related to your LAS, such as:
Withdrawals: Funds drawn from the loan.
Repayments: Payments made towards the loan balance.
Interest charges: Periodic interest applied to the outstanding amount.
3. Monitoring your loan balance:
Regular review:
Periodically check your loan statement to stay informed about your outstanding balance and available drawing power.
Interest accrual:
Be aware of how interest is calculated and applied to your loan, aiding in better financial planning.
Repayment planning:
Utilise the statement to strategize your loan repayment, ensuring timely payments and avoiding penalties.
Part prepayment:
Consider making a part prepayment to reduce the outstanding principal, which can decrease the total interest payable.
4. Seeking clarifications:
Customer support:
If you identify discrepancies or require further explanation regarding your loan statement, contact your lender's customer service for assistance.
By diligently reviewing your loan statements and understanding the key components, you can effectively manage your Loan Against Securities, ensuring informed financial decisions and maintaining control over your borrowing.
Why is it important to check your loan against the securities balance?
Regularly monitoring your Loan Against Securities (LAS) balance is crucial for maintaining financial stability and safeguarding your investments. Here's why:1. Responding to market fluctuations
The value of your pledged securities directly influences your loan's drawing power. Market volatility can cause these values to fluctuate, potentially reducing your borrowing capacity. By keeping a close watch on your LAS balance, you can promptly address any shortfalls by pledging additional securities or making partial repayments, thus avoiding penalties or the liquidation of assets.
2. Preventing margin calls
Significant declines in the market value of your securities may lead to margin calls, where the lender requires you to restore the agreed-upon loan-to-value (LTV) ratio. Regular balance checks enable you to anticipate and prepare for such demands, ensuring you have sufficient funds or collateral to meet the lender's requirements.
3. Managing interest costs
LAS often functions as an overdraft facility, with interest charged only on the amount utilized. By monitoring your loan balance, you can manage your withdrawals effectively, minimising interest expenses and optimising the cost-effectiveness of the loan.
4. Maintaining financial discipline
Regular oversight of your LAS balance fosters responsible borrowing habits. It ensures you stay within your sanctioned limit and adhere to repayment schedules, preserving your creditworthiness and preventing potential default scenarios that could lead to the loss of your pledged securities.
5. Aligning with investment goals
Your investment portfolio is designed to meet specific financial objectives. Regularly checking your LAS balance helps ensure that leveraging your securities does not compromise your long-term investment goals, allowing you to make informed decisions about borrowing and repayment.
In summary, diligent monitoring of your Loan Against Securities balance is essential for effective financial management. It empowers you to navigate market dynamics, manage interest costs, and uphold financial discipline, all while protecting your valuable investments.
How to check your loan against securities balance online with Bajaj Finance?
To efficiently monitor your Loan Against Securities (LAS) balance with Bajaj Finance, follow these steps:Access the Service Portal:
Visit the Bajaj Finserv Service portal.
Sign In:
Click on the ‘Sign-in’ button.
Enter your registered mobile number.
Input the One-Time Password (OTP) sent to your mobile device.
Verify your identity:
After logging in, confirm your identity by entering your date of birth.
Navigate to your loan account:
In the ‘Relations’ section, locate and select your Loan Against Securities account.
Review loan details:
Upon selecting your loan account, you can view comprehensive details, including:
Drawing power: The maximum amount you can withdraw based on your pledged securities.
Rate of interest: The interest rate applicable to your loan.
Value of pledged securities: Current market value of the securities you've pledged.
Available balance: The remaining amount you can withdraw.
Download loan statements (Optional):
For a detailed account of your transactions, navigate to the ‘Document Centre’ within your loan account.
Select ‘Statement of Account’ to download your loan statement.
By regularly accessing the Bajaj Finserv Service portal, you can stay informed about your Loan Against Securities balance and manage your finances effectively.
Checking your loan against securities balance via the Bajaj Finserv mobile app
To efficiently monitor your Loan Against Securities (LAS) balance using the Bajaj Finserv mobile app, follow these steps:Download and install the app:
Go to the App Store (iOS) or Google Play Store (Android).
Search for "Bajaj Finserv" and download the official app.
Install the app on your smartphone.
Launch the app:
Open the Bajaj Finserv app by tapping its icon.
Log in:
Enter your registered mobile number.
Input the One-Time Password (OTP) sent to your mobile device.
Verify your identity:
After logging in, confirm your identity by entering your date of birth.
Access your loan account:
From the dashboard, navigate to the 'My Relations' section.
Locate and select your Loan Against Securities account.
View loan details:
Upon selecting your loan account, you can view comprehensive details, including:
Drawing power: The maximum amount you can withdraw based on your pledged securities.
Rate of interest: The interest rate applicable to your loan.
Value of pledged securities: Current market value of the securities you've pledged.
Available balance: The remaining amount you can withdraw.
Download loan statements (Optional):
For a detailed account of your transactions, navigate to the 'Document centre' within your loan account.
Select 'Statement of account' to download your loan statement.
By regularly accessing the Bajaj Finserv mobile app, you can stay informed about your Loan Against Securities balance and manage your finances effectively.
Using SMS or call to check your loan against securities balance
To monitor your Loan Against Securities (LAS) balance with Bajaj Finserv via SMS or call, follow these steps:1. Using the missed call service:
Dial +91 9810852222 from your registered mobile number.
The call will disconnect automatically after a few rings.
You will receive an SMS containing details of your latest three financial relationships with Bajaj Finserv.
2. Utilizing SMS Services:
Compose a new SMS with the keyword ‘SHOL’.
Send this message to 9773633633 from your registered mobile number.
You will receive an SMS with your loan details.
3. Contacting Customer Care:
Call Bajaj Finserv’s customer care number at +91 8698010101.
Follow the Interactive Voice Response (IVR) prompts to navigate to loan-related inquiries.
Speak with a customer service representative to obtain information about your LAS balance.
Important Considerations:
Ensure that your mobile number is registered with Bajaj Finserv to access these services.
Standard call and SMS charges may apply as per your mobile service provider’s tariff.
For security purposes, avoid sharing personal or account information over unsolicited calls or messages.
By utilising these convenient services, you can easily monitor your Loan Against Securities balance and manage your finances effectively.
How to access your loan against securities balance through other lenders?
To effectively monitor your Loan Against Securities (LAS) balance with various lenders, consider the following general approaches:1. Online Banking Portal:
Registration and Login:
Ensure you're registered for your lender's online banking services.
Log in using your credentials.
Navigating to Loan Details:
Locate the section related to loans or credit facilities.
Select your LAS account to view balance and transaction details.
2. Mobile Banking Application:
App Installation and Setup:
Download your lender's official mobile banking app from the App Store or Google Play.
Register or log in with your online banking credentials.
Accessing Loan Information:
Navigate to the loans section within the app.
Select your LAS account to check your balance and recent transactions.
3. Customer Service:
Phone Banking:
Call your lender's customer service number.
Use the Interactive Voice Response (IVR) system or speak with a representative to inquire about your LAS balance.
SMS Banking:
Some lenders offer SMS services to check account balances.
Send a specific keyword (e.g., 'BAL') to the designated number from your registered mobile.
4. Physical Branch Visits:
Visit your lender's branch with valid identification.
Request assistance from a banking officer to obtain your LAS balance.
5. Email or Online Chat Support:
Utilize your lender's official email support or online chat services to request balance information.
Important Considerations:
Security Measures:
Always use secure networks when accessing financial information online.
Regularly update passwords and monitor account activity for unauthorized transactions.
Stay Updated:
Familiarize yourself with your lender's specific procedures, as services and access methods may differ.
By following these steps and considerations, you can effectively monitor your Loan Against Securities balance across various lenders, ensuring better financial control and planning.
How to find your loan against securities balance on your loan statement?
To effectively monitor and manage your Loan Against Securities (LAS), it's essential to understand how to locate and interpret your loan balance on your loan statement. Here's a structured guide to assist you:1. Accessing your loan statement:
Online portal:
Log in to your lender's customer portal using your registered credentials.
Navigate to the 'Document Centre' or a similarly named section.
Select your LAS account to view or download the statement.
Mobile application:
Open your lender's official mobile app.
Access the 'Documents' or 'Statements' section.
Choose your LAS account to retrieve the statement.
2. Identifying key sections in the statement:
Account summary:
Provides an overview of your loan, including:
Sanctioned limit: The total loan amount approved.
Drawing power: The current amount available for withdrawal.
Outstanding balance: The amount currently utilised and due.
Transaction details:
Lists all financial activities related to your LAS, such as:
Withdrawals: Funds drawn from the loan.
Repayments: Payments made towards the loan balance.
Interest charges: Periodic interest applied to the outstanding amount.
3. Monitoring your loan balance:
Regular review:
Periodically check your loan statement to stay informed about your outstanding balance and available drawing power.
Interest accrual:
Be aware of how interest is calculated and applied to your loan, aiding in better financial planning.
Repayment planning:
Utilise the statement to strategize your loan repayment, ensuring timely payments and avoiding penalties.
Part prepayment:
Consider making a part prepayment to reduce the outstanding principal, which can decrease the total interest payable.
4. Seeking clarifications:
Customer support:
If you identify discrepancies or require further explanation regarding your loan statement, contact your lender's customer service for assistance.
By diligently reviewing your loan statements and understanding the key components, you can effectively manage your Loan Against Securities, ensuring informed financial decisions and maintaining control over your borrowing.
