Loan Against Shares

Yes, you can swap/change the shares during the tenure of the loan. Swapping would be allowed within the approved shares list of Bajaj Finance Limited (BFL).

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.

For valuation, the price of your shares is updated in the Bajaj Finserv app / BFL portal every 5 minutes.

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.

You can repay the shortfall or pledge more shares to make the shortfall good.

In case you fail to fulfil the shortfall within 7 business days, Bajaj Finance Limited holds the right to sell the pledged shares to make good the shortfall.

You can release shares, provided you are not in shortfall and have excess withdrawable funds available. The request will be processed within minimal time post-verification.

To avail a loan against shares, an individual should be between 18 to 90 years of age.

The maximum limit for a loan against shares from Bajaj Finance Limited is up to ₹1,000 Cr.

This limit is indicative and may vary based on factors such as the type of shares pledged, the market value of the shares, etc.

If you repay your loan amount after 6 PM, the repayment will be adjusted in the loan account on the next business day. Payments made before 6 pm on any business day, the same will be adjusted in the loan account, on same day. 

Example: If you make a repayment at 7 PM on a Tuesday, it will be adjusted in your account on Wednesday be adjusted on Monday (assuming Wednesday is a business day).

If you make a payment after 3 PM on the last business day of the month, the repayment will be adjusted in your loan account on the next business day. This is to ensure that end-of-month processing is completed smoothly.

Example: If the last business day of the month is Friday and you make a payment at 4 PM, the repayment will be adjusted on Monday (assuming Monday is a business day).