- Interest
- from % p.a.
- of the value
- Financing
- up to years
- Tenure
- Loan Type
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| 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 - CAMS2. 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.