How to view your loan against securities details
View your loan against securities details
You can track your loan details such as drawing power, value of your pledged securities and more by visiting our customer portal.
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A step-by-step guide of checking details of your loan against securities in My Account
- Click on the ‘Sign-in’ button to visit our customer portal.
- Enter your registered mobile number and the OTP to sign-in.
- Verify your details with your date of birth and proceed.
- Select the loan account from the ’Your relations’ section.
- Find details such as drawing power, rate of interest and more.
Alternatively, click on the ‘Check your loan against securities’ option to visit your account. Once you’re signed-in, select the loan account from ’Your relations’ and find details.
Check your loan against securities
How do loans against securities work?
Loans against securities allow individuals to borrow funds by pledging financial assets such as shares, bonds, or mutual funds as collateral. These loans are secured, meaning the lender holds the right to the pledged securities until the loan is repaid. The loan amount is typically a percentage of the market value of the securities, often ranging from 50% to 80%, depending on the type of assets and their liquidity.
Borrowers can continue to earn dividends or interest on the pledged securities, and they retain ownership, though they cannot sell or trade them during the loan period. Interest rates on loans against securities are usually lower than unsecured loans since the risk to the lender is reduced. Repayment can be structured flexibly, either as regular EMIs or by settling the amount in a lump sum.
This type of loan is ideal for individuals looking for short-term liquidity without liquidating their investments. It offers quick processing, high loan amounts, and lower interest rates. However, market fluctuations can impact the value of the pledged securities, and if the value drops significantly, the lender may request additional securities or partial repayment to maintain the loan-to-value ratio.
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Check your loan against securities account
Visit our customer portal to view details of your existing loan.