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 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
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.
Features and benefits of Bajaj Finance Limited 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. 1000 crore
Without selling your bonds, avail pre-approved loan limit of up to Rs. 1000 crore
-
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:
You only need to pay interest on the drawn loan amount, making it a cost-effective option for borrowers.
-
Multiple eligible bonds
You can avail loan against government bonds, PSU bonds, corporate bonds, etc.
-
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
Pledge your bonds and get loan against them, while earning dividends on your bonds.
-
Dedicated customer portal (My Account)
Download your loan statement and manage your loan online with our customer portal – My Account.
Pre-approved offers
We have pre-approved offers for our existing and new customers. To check, all we need is your mobile number.
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
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
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
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
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: 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
- 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
00:44
-
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 – Loan against bonds
The following charges are applicable on loan against securities:
| Types of fees | Charges applicable |
| Interest rate | 8% to 15% 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 (i) dishonour of any payment instrument; or (ii) 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 | Recovery of charges |
*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
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.
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.
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.
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.
All individuals: both self-employed or salaried are eligible for online Loan against bonds with Bajaj Finance.
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.
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.
