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Loan against shares FAQS

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Frequent Asked Questions

What is Loan against Securities?

Loan Against Securities itself states that it is loan against marketable securities in which customer pledges his investment in favour of lender and borrow fund to meet his financial and personal requirement without selling his investment.

What is purpose of Loan Against Securities?

To take care of all your investment as well as personal needs, meet contingencies, subscribing to primary issues, rights issues. It is the ideal way to get liquidity without liquidating them. It would make sense to avail of this facility when you are expecting a certain sum of money a few months down the line and you need some funds in the interim.

What are the features of Loan Against Securities?

1.Loan can be availed up to Rs. 100 crore
2.Loan Tenor is 12 months
3.Only Interest is paid monthly on loan amount
4.Facility of swapping pledged securities
5.Online portfolio access on ""Experia"" Portal on real time basis
6.Dedicated Relationship Manager

What are the various types of Loans Against Securities?

Broadly, there are two types of loans under this category:

1. Loan Against Shares
2. Loan Against Bonds
3. Loan Against Mutual Funds
4. Loan Against Insurance Policies*
5. Loan against ESOP financing
6. Loan against IPO financing
7. Loan against FMPs

*Only Bajaj Allianz Unit Linked Insurance Policies

What is the type of Loan Against Securities Bajaj Finserv offers?

Bajaj Finserv offers Loan Against Securities for term loan & Flexi Loan. In a term loan, a customer borrows for a certain period like 3, 6, 9 & 12 months and can repay the loan amount at the time of completion of the loan tenure. In a Flexi Loan, a customer can request for repayment as well as disbursement up to his eligibility amount at any time during the tenor of loan.

Can I foreclose my Loan Against Securities a/c?

You can choose to foreclose your loan anytime you want after payment of interest and the principal loan amount. There are no foreclosure charges.

Can I make part payments on my Loan Against Securities?

All our loans come with the Part-Prepayment facility. With this, you can part prepay as much as you want during the tenor of loan.

What are the minimum and maximum loan amounts in Loan Against Securities?

You can choose to borrow any loan amount ranging from Rs. 5 lakh to Rs. 100 crore.

How do I apply for a Loan Against Securities?

You can apply through our online application facility or contact us through various channels, mentioned in the ‘Contact Us’ section.

What are the benefits or advantages of taking a Loan Against Shares from Bajaj Finserv?

Please check out the Features and Benefits section for more details.

When will I get my Loan Against Shares?

For all online applications, you will get instant approvals.

How do I repay the loan?

You can repay the loan at any point of time during the loan tenor by repaying the due interest and principal loan amount through RTGS / NEFT / Cheque. You can also repay the loan through our Customer Portal (Experia).

What is online processing of a Loan Against Shares?

With our online application facility, you can apply for a Loan Against Shares from wherever you are. What’s more, you get instant approvals.

How do I apply online for an instant Loan Against Securities?

To apply, click here or for details, check out the ‘How to Apply’ section

On what criteria will the loan be sanctioned to me?

All loans are sanctioned on the basis of internal policies of Bajaj Finance Ltd.

When will I get the loan if I apply online?

Post approval of your loan application, your loan will be disbursed within 72. T&C apply

What are the key advantages of applying for loans online?

With our online application facility, you get the benefit of applying from anywhere. You have to fill in some quick details and you will get back a call from our representative shortly.

How can I check the status of the loan for which I have applied online?

To check on your application status, you can call our Customer Care on 18001033535.

How secure is the information provided by me?

All your information is secure with us. The online application is a completely secured application using state-of-the-art security systems.

What is a Secure fee for online application?

A Secure fee is a charge required to be paid for the submission of your application form online. This is required in order to process your loan online.

What if I don’t pay the Secure fees online?

In case you choose not to pay the Secure fee, you will lose the benefit of an instant online approvals.

I have already paid the Secure fee through the online application for Loan Against Shares, but I do not wish to avail the Loan Against Shares right now. Would I be paid back the Secure fees if I do not avail the Loan Against Shares from Bajaj Finserv?

In case the loan is sanctioned, but the disbursement has not been availed by you within 30 days of sanction, we shall refund the Secure fee already paid by you in full. In the event of your loan rejection, we shall refund the Secure fee paid by you in full.

How can I pay the Secure fee?

There are various ways in which you can pay your Secure fees online

Debit card
Internet-enabled online bank account

Is it safe to use my debit card on this site?

All transactions on our website are safe. We use best-in-class security and the transactions done are secure. We use SSL data encryption that protects the information from being viewed by unauthorized individuals.

How do I cancel a transaction or get a refund?

In case of any discrepancies we will refund the money, provided that the reasons are valid. Please call us at 1800 1033535. Read the ‘Terms and Conditions' for more details.

What is the minimum & maximum loan amount for a Loan Against Shares?

The minimum loan amount is Rs. 15 lakh & the maximum loan amount is Rs. 10 crore.

If a customer does not have Demat a/c with Bajaj, can he still avail a Loan Against Shares from Bajaj Finserv?

Yes. You can pledge shares held with any Depository Participant in NSDL or CDSL

What is the Loan to Value & Margin?

You can get Loans up to 50% of the value of Pledged Securities. T&C apply.

How much interest does a customer need to pay?

Interest is calculated on a daily basis on daily outstanding amount which needs to be repaid on a monthly basis. Depends on the portfolio of the customer as well.

Can a customer pledge all the Securities of his portfolio?

Bajaj Finserv has its own approved scrip list and it lends against those scrips alone.

If a customer is holding Securities on his company’s name. Can he avail loan against them?

Yes, a customer can avail a loan by pledging his company’s shares post fulfilment of the relevant documentation requirement.

Can a customer pledge securities held in the name of his spouse, children or parents?

Yes. He can avail a loan on these Securities. He is required to take all of them as co-borrower / Security Provider.

What are the pledge charges?

Pledge charges vary from DP to DP. However, the common charge is 0.04% of the pledge amount.

How can a customer get to know his loan eligibility amount?

For a Loan Against Securities, Bajaj Finserv considers the client’s profile, valuation of pledgeable securities & existing obligations if any, while calculating the loan eligibility amount. The ASM can help know the eligibility amount at the time of the personal meeting.

How can a customer obtain his Loan Against Securities account statement?

A customer can obtain the SOA online through our online Customer Portal – Experia, or contact his Loan Against Securities relationship manager.

How can a customer repay the loan amount?

A customer can repay the loan amount in part or full by drawing a cheque in favour of Bajaj Finserv or through RTGS/NEFT at any point of time during the loan tenure. Customer can also repay the loan from Customer Portal – Experia.

Can customer release pledged shares/securities partly?

Yes. A customer can release the same after repaying the loan amount to the effect that the margin is maintained as per requirement.

What are the repayment charges?

Bajaj Finserv does not levy any repayment charges.

How can a customer release his pledged securities?

A customer can initiate a release request through his DP after repaying the loan amount and interest to Bajaj Finserv.

What is ESOP Financing?

When a lender funds an employee to exercise his/her vested shares which are under Employee Stock Option Plan, by asking to pledge those receivable shares at the time of allotment.

Who is eligible for obtaining finance for ESOP?

Any employee of the companies which are approved by Bajaj Finance Ltd, can avail this facility.

What is the minimum and maximum loan amount for ESOP Finance?

The minimum and maximum loan amount for ESOP finance is Rs. 10 Lac and Rs. 10 Cr respectively.

How is the loan eligibility amount calculated?

The loan eligibility amount is calculated based on:
1.Vested Price
2.Market Price
3.Margin of shares

Do you also fund FBT (Fringe Benefit Tax)?

Yes. We do fund FBT in case the required loan amount + FBT amount is within the eligible loan amount.

What is the margin that you consider for ESOP Financing?

The margin varies from company to company. However it starts from 30% to 40%.

What is the tenure for ESOP Financing?

The tenure for ESOP Financing ranges from 30 Days to 180 Days.

What are the charges for availing ESOP Financing?

Below are the charges:
1.Rate of Interest
2.Processing Fees
3.Pledge / unpledged charges
4.Demat A/c opening charges
5.AMC Charges for Demat A/c
6.Documentation charges

What is a process for availing ESOP Financing?

The employee needs to fill up the loan application form along with the new POA based Demat a/c form and submit it to Bajaj Finance Ltd

1.Employee has to submit his/her ESOP grant letter, issued by the employer
2.Bajaj Finance needs to check/verify the documentation and open the loan a/c and organize to open POA Demat a/c for ESOP Finance
3.Employee submits a pledge form duly signed by him/her to Bajaj Finance Ltd
4.Bajaj Finance Ltd calculates the loan eligibility amount and informs employee of the same
5.Employee mentions the POA Demat a/c no which is created for ESOP Financing and initiates the application to exercise ESOP
6.Bajaj Finance to RTGS / issue cheque in favour of respective employer on behalf of an employee based on the eligibility amount and ESOP requirement
7.Employee to inform about the date of allotment of shares to Bajaj Finance Ltd
8.Employer to allot shares in to POA Demat A/c of the employee where the POA is in favour of Bajaj Finance Ltd
8.Bajaj Finance to create pledge on those shares once the shares are allotted in POA Demat a/c

How is interest calculated on my loan for ESOP?

Interest is calculated based on the tenure you opted for ESOP Financing at the time of application. However, Bajaj Finance Ltd charges minimum 30 days interest in case the loan is repaid within 30 days.

What is the process for interest payment?

Bajaj Finance Ltd will bank a PDC cheque for interest collection on a monthly basis.

How can I repay my loan?

You can repay your loan in the following ways:
Selling allotted Securities through Bajaj Finance Ltd– In this case Bajaj Finance Ltd will initiate the selling of the Securities and retain the receivables to the effect that it covers the loan + Interest and rest of the amount will get credited to the employee’s beneficiary a/c By paying the loan amount along with interest to Bajaj Finance Ltd. In this event Bajaj Finance Ltd will reconcile the a/c and release the pledge and transfer the Securities to the employee’s beneficiary a/c

Can I apply for ESOP multiple times?

Yes. You may apply for ESOP Financing multiple times as long as your loan a/c is active with Bajaj Finance Ltd"

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