The tenure of the loan is from 7 days to 36 months. Any renewal of the loan/facility shall be at the sole discretion of BFL.

For sanctioning loans against shares, we have an approved list of 1100 + shares which may be accepted. The list of approved shares may be modified by BFL from time to time as per the internal policies and procedures of BFL.

For any assistance with regard to a loan against shares you can write to us at las.support@bajajfinserv.in.

Yes, it is possible. You may make a part-prepayment or foreclose the entire loan before the end of the tenure. Bajaj levies up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment and up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment.

Yes, you can swap/ change the shares during the tenure of the loan. Swapping would be allowed within the approved shares list of Bajaj Finance Limited (BFL).

You can view the list of shares pledged by you to BFL by viewing the IVR (Interim Valuation Report) available under View Statements in the Loan Against Securities service section.

To raise a request for additional disbursement, please choose the 'Disbursement Request’ option in the Loan against Shares Service Section available under the ‘My Relations’ tab.

Please note it is subject to LTV being continued to be maintained with respect to the shares pledged and principal outstanding.

For valuation, the price of your shares is updated in the Bajaj Finserv app/ BFL portal every 5 minutes.

Interest on a loan against shares facility is payable monthly/ quarterly/ half yearly/ annually.

No. The interest is charged only on the loan amount that you have drawn down or the outstanding loan amount.

The interest cycle is calculated from the 7th day of each calendar month to the 6th day of the succeeding month. Interest due towards a loan against shares is generated on the 7th of every month.

Loan to Value ratio or LTV is the ratio of the loan amount outstanding to the value of pledged shares. 50% LTV is always required to be maintained for loan against shares facility. LTV is subject to changes in regulations. Any shortfall in the maintenance of the 50% LTV occurring on account of movement in the share prices shall be made good within 7 business days.

Opening a loan against shares account through the Bajaj Finance platform 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 Licence, Voter ID etc.)
• Demat holding statement

Below are the steps to pledge shares:

You can pledge your shares either online or offline. Below are the steps for the same:

Step 1: Reach out to your existing broker for your holding statement
Step 2: Request pledge creation form from your Depository Participant basis the depository (NSDL/CDSL)
Step 3: Fill out the form using the below pledgee details:

Pledgee Name: Bajaj Finance Limited

Pledgee DP Details: Fill in the details of the Depository Participant Account where you maintain your account (either CDSL or NSDL)

Depository DP ID Client ID
CDSL 12088600 00000061
NSDL IN304300 10000061

Step 4: Submit the form to your existing broker with the details
Step 5: Once the shares are pledged, the loan will be disbursed

The final loan amount shall be calculated basis of the effective pledge marked on the shares and the price of the shares.

Post successful execution of agreement and additional documents as required by BFL, and creation of pledge of shares, the loan amount will be disbursed to your registered bank account within minimal time.

50% LTV is always required to be maintained for loan against shares facility. LTV is subject to changes on account of Regulatory Changes. Any shortfall in the maintenance of the 50% LTV occurring on account of movement in the share prices shall be made good within 7 business days.

Further, in case the Loan to Value falls more than 85% then BFL will go ahead with the liquidation of shares with an intimation to the Borrower.

You can repay the shortfall or pledge more shares to make the shortfall good.

In case you fail to fulfil the shortfall within 7 business days, Bajaj Finance Limited holds the right to sell the pledged shares to make good the shortfall.

You can release shares, provided you are not in shortfall and have excess withdrawable funds available. The request will be processed within minimal time post-verification.

To avail loan against shares, an individual should be between 18 to 90 years of age.

The maximum limit for a loan against shares from Bajaj Finance Limited is up to Rs. 5 crore.
This limit is indicative and may vary based on the factors such as the type of shares pledged, the market value of the shares, etc.