Loan against Shares Interest Rate

We advise you to check our interest rate and processing fees before applying for our loan against shares.

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

In case of default of repayment instrument, Rs. 1,200/- per bounce will be levied.

Penal interest

Delay in payment of monthly instalment shall attract penal interest up to 36% per annum applicable on the monthly instalment outstanding, from the respective due date until the date of receipt of the monthly instalment.

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

*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

How to apply for a loan against shares

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Step-by-step guide to apply for loan against shares

Step 1: Click on the ‘Apply Now’ button.
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 your basic details like – PAN, DOB and email ID.
Step 5: Check your loan eligibility by entering your security name and quantity.
Step 6: Choose the loan amount you wish to avail.
Step 7: Get your KYC done using Digilocker or by manually uploading the documents.
Step 8: Enter your bank details and verify.
Step 9: Proceed for e-agreement and e-mandate by authenticating it via OTP.
Step 10: Your loan will be disbursed after successful pledging and verification

Frequently asked questions

What are the loans against securities interest rates?

Bajaj Finance offers interest rate of up to 20% per annum for loan against shares. The final interest rate will depend on the types of shares and value of shares being pledged.

Apart from that there are other fees applicable. Common fees include processing fees, part-prepayment fee, foreclosure charges and many more. These fees are typically charged upfront or deducted from the loan amount and can add to the total cost of the loan.

Is there an origination fee or processing fee charged when applying for a loan against shares?

Yes, Bajaj Finance charges a processing fee of up to 4.72% (inclusive of applicable taxes) on loan against shares.

What are the fees and charges associated with a loan against shares?

The fees and charges associated with loan against shares are mentioned above. It's important to carefully consider the interest rate and any fees associated with a loan before accepting it to understand the full cost of borrowing and ensure that the terms are reasonable and affordable.

Which documents are required for loan against shares?

Opening a loan against shares account through the Bajaj Finserv App with respect to individual borrowers and which is subject to successful KYC completion

For easy and smooth onboarding, we recommend keeping the below documents handy:

  • PAN card
  • Proof of identity and address (Aadhaar, Passport, Driving license, Voter ID, etc.)
  • Demat holding statement
What is the minimum duration of a loan against shares?

Bajaj Finance Limited offers convenient repayment and tenure options, with the minimum duration starting from 7 days for a loan against shares. The maximum tenure can extend up to to 36 months.

Can I get a loan against shares at zero interest rate?

It's unlikely to get a loan against shares at a zero-interest rate. Most financial institutions charge interest on such loans. Bajaj Finance, for example, offers loans against shares with interest rates of up to 20% per annum. Interest rates may vary among lenders, but zero interest loans in this context are rare.

What are the foreclosure charges on loan against shares?

Bajaj Finance charges a fee of up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment.

Is there any charge on part payment for loan against shares?

Yes, Bajaj Finance charges a fee of up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of such part-prepayment.

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Disclaimer

* Subject to sole discretion of Bajaj Finance Limited and regulatory guidelines.