Eligibility criteria and documents required
To avail Loan Against Bonds with Bajaj Financial Limited, you must meet the below criteria:
Eligibility criteria
- Nationality: Indian
- Age: 18 to 90 years
- Employment: Salaried, self-employed
- Security value: Minimum 50k
Documents required
- KYC documents: Passport/ Driving License/ Voter’s Identity Card/ Aadhaar/ Job Card issued by NREGA/ Letter issued by the National Population Register
- PAN card
- DEMAT holding statement
Frequently asked questions
The eligibility criteria for loan against bonds with Bajaj Finance are:
- You must be an Indian citizen.
- Your age should be between 18 to 90 years.
- You must either be Salaried, or self-employed.
- You must have a minimum security worth Rs. 50,000.
To apply for loan against bonds, click on the ‘Apply’ button on the page. You will be redirected to our form, where you will have to fill your personal details and the value of your bonds.
Once all your details have been verified through an OTP, sent on your phone, our representative will contact you for further processing of your application.
Through the loan against bonds by Bajaj Finance, you can get a pre assigned loan of Rs. 10,000 to Rs. 1000 crore.
The documents required to apply for loan against bonds with Bajaj Finance are:
- PAN Card
- One KYC documents from Aadhaar, passport or voter’s ID
- Demat holding statement that gives an account of the bonds and securities you have traded in a given period.
Typically, government bonds, PSU bonds, and high-rated corporate bonds are accepted. These must be listed on recognised exchanges, held in demat form, and approved by the lender for pledging under the loan scheme.
The LTV ratio offered against bonds usually ranges up to 95%, depending on the bond type, issuer rating, and market liquidity. The actual amount sanctioned will be based on the real-time value and risk profile of the pledged bonds.
The tenure of a loan against bonds can range from a few months up to 36 months. Some lenders may offer flexible repayment terms with the option to renew or roll over the loan upon mutual agreement.
Yes, lenders charge a processing fee (often up to 4.72% of the loan amount) and interest rates typically range between 8% to 15% per annum. Rates may vary based on bond type, loan amount, and borrower profile.
Yes, most lenders allow you to prepay or foreclose the loan at any time. Lenders may charge a nominal foreclosure fee, on early repayment, especially for loans with flexible repayment structures.
Loan disbursal typically happens within 24 to 48 hours after successful verification and pledge of bonds. Some lenders may offer quicker turnaround if the securities are held in demat form and all documents are in order.
Most lenders require bonds to be held in dematerialised (demat) form for digital pledge. Physical certificates are generally not accepted for quick loan processing, as they involve additional verification and handling.
Since a loan against bonds is secured, the credit score may not be a primary factor. However, some lenders might still check your credit history to determine interest rates or set eligibility terms.
