Loan Against Shares

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 that it is subject to LTV being continued to be maintained with respect to the shares pledged and principal outstanding.

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.

Post successful execution of the 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 LTV falls more than 85% then BFL will go ahead with the liquidation of shares with an intimation to the borrower.

Interest is charged only on the amount you utilize, not the entire sanctioned limit. The interest cycle runs from the 7th of each month to the 6th of the next, with interest due on the 7th.

Your LAS account is managed digitally through the Bajaj Finserv platform. For physical statements or assistance, you can visit the nearest Bajaj Finserv branch.

No, only shares held in a demat account are eligible for a loan against shares. Physical share certificates are not accepted as collateral.

Yes, there may be charges associated with creating and closing a pledge on the securities. Additionally, annual maintenance charges might apply.