Loan against Bonds for Medical Expenses

Our health is one of the most important factors affecting our standard of living and our holistic well-being. In the current scenario, medical emergencies can strike at any time, and the costs associated with them can often be overwhelming. From medical diagnostics and hospitalisation to medication, surgery, and ongoing treatment, the expenses can quickly add up, leaving individuals and families in a financial bind. In such challenging times, a loan against bonds can prove to be a lifeline, providing much-needed financial support for medical purposes. With a loan against bonds, individuals can secure the necessary funds to cover surgical expenses, ensuring that they can undergo the required procedure without delay and focus on their recovery. The loan being secure, can be availed easily at a pre-determined interest rate and use your bonds as collateral.

MEDICAL DIAGNOSTICS

MEDICAL DIAGNOSTICS

Before any treatment, diagnostics such as imaging tests, blood tests, and other investigations are necessary. But with a loan against bonds, you can easily cover these expenses, without needing to liquidate your investments. So, you can have peace of mind knowing that your finances are in order, and your health is well taken care of.

HOSPITALISATION EXPENSES

HOSPITALISATION EXPENSES

Hospitalisation expenses including doctor fees, room rent, and medication costs can be financially overwhelming. But, with a loan against bonds, you can manage these expenses without any hassle.

MISCELLANEOUS MEDICAL EXPENSES

MISCELLANEOUS MEDICAL EXPENSES

During a medical emergency, there may be other unforeseen expenses, such as ambulance charges, consultation fees, emergency room costs, and so on. A loan would cover these procedures’ costs, giving you the flexibility to manage such emergencies smoothly.

TREATMENTS AND SURGERIES

TREATMENTS AND SURGERIES

Accidents and sudden illnesses can lead to unexpected expenses that can take a toll on your finances. Loan against bonds can help focus on your health and well-being without putting undue pressure on your finances.

MEDICATION COSTS

MEDICATION COSTS

Medication is a necessary part of healthcare, and the costs can add up over time. But with a loan against bonds, you can cover the costs of medication without affecting your monthly budget. This way, you can focus on healing and getting better.

Features and benefits of Bajaj Finance Limited Loan Against Bonds

Features and benefits of a Loan Against Bonds 00:42

Features and benefits of a Loan Against Bonds

Get loan against a wide list of approved bonds at attractive rates

  • Loan of up to Rs. 5 crores

    Loan of up to Rs. 5 crores

    Without selling your bonds, avail pre-approved loan limit of up to Rs. 5 crore.

  • Wide approved list of bonds:

    Wide approved list of bonds:

    With our extensive list of approved bonds, you can avail loan of up to 95% of your bond value. Check the approved list of bonds.

  • Interest only on utilization:

    Interest only on utilization:

    You only need to pay interest on the drawn loan amount, making it a cost-effective option for borrowers.

  • Multiple eligible bonds

    Multiple eligible bonds

    You can avail loan against government bonds, PSU bonds, corporate bonds, etc.

  • All DP bonds are acceptable

    All DP bonds are acceptable

    Individuals having Demat account with any depository participant are eligible for loan against bonds with us.

  • Continue earning your returns

    Continue earning your returns

    Pledge your bonds and get loan against them, while earning dividends on your bonds.

  • Dedicated customer portal (My Account)

    Dedicated customer portal (My Account)

    Download your loan statement and manage your loan online with our customer portal – My Account.

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Pre-approved offers

We have pre-approved offers for our existing and new customers. To check, all we need is your mobile number.

Check your pre-approved offer

You might not require a loan at this time, or you might not have a pre-approved offer. There is still a vast selection of products available, which you can choose from:

  • Set up your Bajaj Pay Wallet

    Set up your Bajaj Pay Wallet

    The 4-in-1 wallet gives you the option to transfer money or pay using UPI, EMI network card, credit card, and your digital wallet.
    Download Bajaj Pay

  • Check your credit health

    Check your credit health

    Two most crucial factors for you are your credit health and CIBIL score. Get our Credit Health Report to know your current financial health.
    Check your CIBIL Score

  • Pocket Insurance to cover all your life events

    Pocket Insurance to cover all your life events

    Choose from over 150 pocket-friendly insurance plans, starting at Rs. 19. They cover all life events, health, vehicle, and travel plans.
    Discover Insurance Mall

  • Set up an SIP for as little as Rs. 100 per month

    Set up an SIP for as little as Rs. 100 per month

    Select from over 1000 mutual funds from 40+ mutual fund companies, like Aditya Birla, SBI, HDFC, ICICI Prudential, and more.
    Discover Investment Mall

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 Rs. 50,000

Documents required**

  • KYC documents: Aadhaar/ passport/ voter’s ID
  • PAN card
  • DEMAT holding statement
  • Any other document as required by BFL.

**Please note that the list of documents mentioned here is indicative. You will be notified on the complete list of documents required by our representative while filling the application form.

How to avail Loan Against Bonds

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Step-by-step guide to avail loan against bonds

Step 1: Click on ‘Apply’ to initiate your application.
Step 2: Enter your mobile number to Sign in and click ‘GET OTP’.
Step 3: Enter the OTP sent to your mobile number. On successful verification, you will be redirected to our online application form.
Step 4: Enter basic details like: Full name, Email ID, mobile number and city of residence.
Step 5: Under ‘Type of Security’ select ‘Bonds’.
Step 6: Enter the total portfolio value of your bonds and click on ‘Submit’.

Once you have shown your interest in availing of the loan and submitted your details, our representative will get in touch with your further proceedings. The final loan amount shall be calculated basis the effective pledge marked on the bonds and the price of the bonds.
Disbursement shall be done post successfully verification, and pledging.

  • Did you know?

    You can enjoy benefits of lower interest rates & higher loan amount

  • Did you know?

    You can choose to pledge bonds from our wide list of bonds

  • Did you know?

    You can manage your loan online with our customer portal

  • Did you know?

    You can avail a loan of up to 95% of the market value against the bonds

Applicable fees and charges

The following charges are applicable on loan against securities:

Types of fees Charges applicable
Interest rate Up to 20% per annum
Processing fee Up to 4.72% of the loan amount (inclusive of applicable taxes).
Prepayment charges

Full prepayment - Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment

Part-prepayment - Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment

Annual maintenance charges/ renewal fee Up to 1.18% (inclusive of applicable taxes) on the sanctioned amount
Bounce charges

Rs. 1,200/- per bounce

“Bounce charges” shall mean charges for non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason.

Penal charge Delay in payment of instalment (as per payment frequency mentioned in the Sanction Letter) shall attract penal charges as more particularly described in Annexure I from the respective due date until the date of receipt of instalment (as per payment frequency mentioned in the Sanction Letter)/principal/overdue amount. To view Annexure I, kindly click here.
Stamp duty (as per respective state) Payable as per state laws
Brokerage charges* As applicable at actuals 
DP charges** As applicable at actuals
Pledge confirmation charges** As applicable at actuals
Pledge invocation charges** As applicable at actuals
Demat share transfer charges (post invocation)** As applicable at actuals
Legal charges As applicable at actuals
PG facility charges Rs. 11 (Inclusive of applicable taxes) will be charged for utilizing the payment gateway to make part or full payments towards the loan through digital properties.

*Charges levied by Broker to BFL and the same is being passed on to the clients

**Charges levied by NSDL/ CDSL to BFL and the same is being passed on to the clients

Frequently asked questions

What is Loan Against Bonds (LAB)?

A LAB is a type of loan where an individual pledges their bonds as a collateral to borrow money from a lender. Where the lender then provides the borrower with a loan amount based on the value of the bonds pledged.

What types of bonds can be used for a loan against bonds?

There are different types of bonds, including government bonds, corporate bonds, and municipal bonds, which can be used for a loan against bonds. However, some lenders may have specific requirements on the types of bonds which can be pledged.

Is interest charged for a loan against bonds?

Yes, Interest rates for a loan against bonds may vary depending on the lender and the type of bonds pledged. Bajaj Finance offers the loan at a competitive interest rate of up to 20% per annum
The interest rate shall be at sole discretion of BFL.

What are the risks of a loan against bonds?

The major risk of a LAB is that if the borrower is unable to repay the loan amount, the lender will/may liquidate the pledged bonds to recover the outstanding amount.

Can I get loan against bonds?

All individuals: both self-employed or salaried are eligible for online Loan against bonds with Bajaj Finance.

Can we take a loan against RBI bonds?

Yes, you can take a loan against RBI (Reserve Bank of India) bonds. RBI bonds are government securities that are issued by the Reserve Bank of India and are backed by the government of India. These bonds can be used as collateral to secure a loan from a bank or any other financial institution. However, the terms and conditions of the loan may vary based on the lender's policies. It is crucial to review the lender's policies, interest rates, and repayment methods before applying for the loan.

Can I get a loan on my portfolio?

Yes, you can get a loan backed by your investment portfolio. Securities-based lending allows individuals with a portfolio of stocks, bonds, and other financial assets to borrow against the value of their holdings. Typically, the loan amount is a percentage of the portfolio's value. Interest rates for securities-based loans are usually lower than other types of loans, and the repayment terms may be more flexible depending on the lender. It's important to weigh the benefits and risks of loan against securities before deciding to take a loan.

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