Steps to Manage Loan Against Securities Online

You can use your shares, bonds, or mutual funds as collateral to get a loan against securities (LAS) from Bajaj Finance Limited. If you’ve taken a loan against securities from us and are looking to manage your loan account, visit the service portal.

Sign-in with your mobile number and OTP to use these self-service options on the go.

Check loan details - View details such as current loan amount, drawing power, and more.

Withdraw funds- Use drawdown facility to withdraw funds from your available limit.

Download statement - Get the statement of account easily in just a few clicks.

Manage payment - Pay a part of your loan or make a missed interest payment in an easy online process.

Release securities - Raise an online request to release securities against the loan amount you’ve paid.

Know your loan against securities

You can pledge your shares, mutual funds, or bonds as collateral to get a loan against securities. With a loan against securities, you can get the loan amount depending on the market value of your pledged securities. When you borrow a loan against securities, a drawing power is assigned to you, and you can avail of the loan amount within this limit. This drawing power varies from 50% to 90% of the sanctioned loan amount.

Since your loan against securities drawing power depends on the market value of your pledged securities, the same is subject to change. In the event of any such change in the drawing power, you’ll receive an SMS on your registered mobile number.

How do loans against securities work

Loans against securities (LAS) enable borrowers to leverage their existing investments, such as stocks, bonds, or mutual funds, as collateral to obtain a loan. This type of loan allows individuals to access liquidity without selling their assets. The amount of the loan depends on the value and type of securities offered as collateral, typically ranging from 50% to 85% of the asset’s current market value.

Once approved, the lender holds the securities in a demat or escrow account until the loan is repaid. Interest is charged only on the utilised loan amount, making it a flexible financial tool. Repayments are generally structured as either instalments or interest-only payments with a bullet payment for the principal at the end of the term.

LAS provides several advantages, such as no need for credit scores or income proof, quick processing, and continued ownership of the pledged securities. However, borrowers must be cautious about market volatility. If the value of the pledged securities drops significantly, lenders may issue a margin call, requiring the borrower to deposit additional assets or repay part of the loan to cover the deficit, potentially leading to forced liquidation of the securities.

Get the most out of your loan against securities

• Pay only interest as your monthly instalment and pay the principal later.
• Withdraw funds from your drawing power anytime you need.
• Pay interest only on the amount you withdraw and not the entire loan limit.

Features of Loan Against Securities

• Pledge Investments as Collateral:
  Borrowers can use stocks, bonds, or mutual funds as collateral without selling them.
  The loan amount is based on the market value of the pledged securities, typically ranging from 50% to 85%.
   
• Interest on Utilised Amount:
  Interest is charged only on the amount used, helping borrowers manage costs effectively.
   
• Flexible Loan Tenure:
  Borrowers can choose between instalments or interest-only payments, with the principal paid at the end.
   
• Quick Processing and Minimal Paperwork:
  The loan process is quick and requires minimal paperwork, making it accessible without extensive credit checks.
   
• Retain Ownership of Securities:
  Borrowers keep ownership of their securities and can continue earning dividends or interest.
   

• Margin Call Risk:
  Market fluctuations may trigger a margin call, requiring additional collateral or partial loan repayment.   

  
  

Manage your loan against securities features

You can track your loan details such as drawing power, value of your pledged securities and more by visiting our service portal.

A step-by-step guide of checking details of your loan against securities in the ‘Service’ portal
 

• Visit our Service Portal by clicking on the 'Sign-in' button on this page. 
• Enter the registered mobile number and submit the OTP to sign-in. 
• Go to 'Service’ section, and select your loan from 'Relations.'
• 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 ‘Relations’ and find details.
 

Check your loan against securities

Withdraw funds from your loan against securities account

When you choose a loan against securities, you are given an approved amount. You can withdraw funds from this amount as many times as you need. You can visit our service portal and withdraw funds easily in a few clicks.

Step-by-step guide to withdrawing funds from your loan account

• Click on the ‘Sign-in’ button on this page to visit our Service Portal.
   
• Enter the registered mobile number and the OTP to sign-in. 
   
• Verify your details with your date of birth and proceed. 
   
• Go to 'Service' section.
   
• Select your loan account from 'Relations' section.
   
• Click on 'Withdraw Funds'
   
• Enter the amount from your available limit, review your bank account details, and proceed.
   
• Verify your details with the OTP sent to your registered mobile and proceed to raise a withdrawal request.

Alternatively, you can click on the ‘Withdraw funds from your available limit’ option to go to ‘Service’ portal. You’ll be asked to sign-in. You can then select your loan account from ‘Relations’ and proceed to withdraw. 

Withdraw funds from your available limit

Get in touch with us

If there’s a query or a concern, you can reach out to us in one of the following ways:
 

• Visit our Help and Support section for online assistance.
• If there are fraud complaints, please contact our helpline number on +91 8698010101.
• You can download the Bajaj Finance app from Play Store/ App Store to connect with us.
• Find our branch nearest to your location and get your queries resolved.
• You can connect with us by visiting our Reach Us page.

Download loan against securities statement

Your statement of account helps you to keep track of all transactions related to your loan account. It includes number of EMIs paid, the outstanding amount, and more.

You can download your statement of loan account and other documents related to your loan against securities by visiting the service portal

A step-by-step guide to downloading your account statement

• Sign-in with your registered mobile number and the OTP.
• Enter your date of birth for verification and proceed.
• Go to 'Service.'
• Click on 'Statements and Documents.'
• Select your 'Loan Against Securities.'
• Click on 'View all documents.'
• Click on 'Statement of Account' to download it.
  
   

You can also directly visit our service portal by clicking on the ‘Download your statement of account’. Once signed-in, select the loan account and click on ‘Statement of Account’ to download it.

Download your statement of account

Manage your loan against securities payment

You usually repay your loan against securities in small monthly instalments, which comprises only the interest amount. This instalment gets deducted from your registered bank account on a pre-set date. However, you can also pay a part of your loan or clear your overdue installment on our service portal.

Missed interest payment and part-prepayment

In case you have missed paying your instalment on its due date, you can choose the missed interest payment option and clear your dues.

In case you have surplus funds, you can use our part-prepayment facility and pay a part of your loan. You can also use this option to close your loan before time and release your pledged securities. You can explore these payment options by visiting service portal.

Make your loan against securities payment

• Visit our Service Portal by clicking on the 'Sign-in' button on this page.
• Enter the registered mobile number and submit the OTP to sign-in.
• Go to 'Service’ section, and select your loan from 'Relations.' 
• Click on 'Make loan payments', and choose the payment type from the available options. 
• Enter the required details and proceed to pay using our secured payment gateway. 

Release your pledged securities

If you wish to release your pledged securities, you can raise an online request by visiting our Service portal.

Please note that you can release securities only if your loan account is not under margin shortfall and you have surplus funds available to withdraw. A margin shortfall is an event where the amount you’ve borrowed exceeds the eligible loan limit. This may happen when the value of your securities falls.

Raise a request to release your securities

• Go to our Service portal by clicking on the ‘Sign-in’ button.
• Enter the registered mobile number and submit the OTP to sign-in.
• Verify your details with your date of birth and proceed.
• Go to ‘Service’ and click on ‘Relations’
• Select your loan account and click on the ‘Release Securities’
• Select the share or mutual funds you want to release.
• Verify your details with the OTP sent to your registered mobile number and proceed to raise a request.

Alternatively, you can also click on the ‘Release your securities’ option below to go to our customer portal. You’ll be asked to sign-in. Once signed-in, select your loan account, click on ‘Release Securities’ and proceed.

Release your securities