PIRAMAL FINANCE

Loan Against Securities (LAS) is a type of loan where a borrower pledges their securities, such as stocks, mutual funds, bonds, and other financial assets, as collateral to obtain a loan from a lender.

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Interest
from 10% p.a.
80% of the value
Financing
up to 2 years
Tenure
securities
Loan Type

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LAS PIRAMAL FINANCE
Rate of Interest, Processing Fees and Other Charges
Ticket Size Rate of Interest Processing Fees
> 1 Crs 10.00% 0.10% ( or 19999 whichever is lower ) + GST
>50L to 1Cr 10.15% 0.10% ( or 7999 whichever is lower ) + GST
>20L-50L 10.15% Rs 2999 /+ GST
<=20L 10.25% Rs 1499 /+ GST
Other Charges
Sr No Particulars Charges Govt Taxes (18% GST)
Applicable (Yes/No)
1 1. Lien Marking Charges - CAMS
2. Lien Marking Charges - Kfintech		 Rs 500 /-
Rs 300 /-		 Yes
2 Stamp Duty and other Statutory charges Rs 300 /- No
3 Penal Charges Rs24% p.a. No
4 Bounce Charges (Per Instance) Rs 500 /- Yes
5 Repayment / Pre-Payment / Foreclosure Nil N/A
6 Pledge Charges (NSDL) Rs 500 /- Yes
7 unpledge or Invocation charges (per script) Rs 100 /- Yes

EQUITIES

Equities have high market value and liquidity, making them one of LAS’s most commonly used securities. However, equities refer to stocks or shares of companies listed on the stock exchange, and they can experience volatility in their value, resulting in fluctuations in the loan amount.

MUTUAL FUNDS

These are investment funds that pool money from multiple investors and invest in stocks, bonds, or other assets. You can opt for a loan against mutual funds to receive immediate liquidity against the pledged fund units.

FIXED-INCOME SECURITIES

These investments pay a fixed interest rate, such as bonds, debentures, and fixed deposits. They are considered less risky than equities but may offer lower returns.

EXCHANGE-TRADED FUNDS (ETFs)

These investment funds track a basket of assets, such as stocks or commodities, and trade like stocks on an exchange. ETFs offer diversification, low costs, and liquidity, but their value can be volatile.

INSURANCE POLICIES

Some lenders also accept insurance policies such as endowment or money-back policies as collateral for LAS.

ELIGIBILITY CRITERIA

Age: 18-60 years
Credit Score: Preferably 750 and above, as having higher credit scores improves chances of loan approval
Proof of Address: Utility Bill, rental agreement or Aadhaar Card.
Income Proof: Salary Slip, Income Tax Returns or Bank Statements.
Rs
Rs

  • PIRAMAL FINANCE

    Interest
    from 10% p.a.
    Tenure
    over 2 years
    Min Income
    RS22.00