Avail Loan against Shares
Invest here. Get there
Get instant loan (LAS) from Swastika against pledge of your existing investment in shares, to meet your any urgent or unexpected need of funds or to invest more in shares.
OPEN AN ACCOUNTBenefits you get at Swastika
Low Interest Rates
At Swastika, you can get the Loan (LAS) at low interest rate with repayment terms at your convenience.
Effortless processing
When compared to other lender, the process of availing a loan from Swastika is simplified, with minimum documentation like PAN & Aadhaar card, photo, demat master and quick processing.
Flexible Repayment Options
You can repay either in EMI’s or Fixed Period Loan/Overdraft with monthly interest payment or principal repayment upon sale of shares at your choice.
Quick Approval & Disbursal
Once you submit all above documents, you can get money immediately in your account upon registration of pledge with your DP. And if you maintain your demat account with Swastika group you can get funds immediately.
Charging of Interest
Monthly interest will be included in Emi’s OR on actual use of funds in case of Fixed Period Loan/Overdraft facility.
Funding
Upto 60% of the current market value of shares, depends on category of shares.
Maintain/Refill of Margin
In case of decrease in aggregate current market value of shares at any point of time, you have to refill the shortfall as per the standard funding ratio.
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FAQs
Yes, you can take loan against shares from Swastika against pledge of Swastika approved shares, subject to Swastika’s terms and conditions.
The rate of interest usually ranges from 12 – 18%. The rate varies and depends on various criteria’s like category of shares, percentage of loan amount to CMV, tenure of Loan, type of loan facility availed etc. The processing fee is usually charged at the rate of 2% of the loan amount. It can be varies subject to the above criteria’s.
Loan can be disbursed immediately upon registration of pledge wilt DP.
If you need a loan against your shares, it will be easier if you have a demat account with a DP as pledge of shares will be faster. The lender will grant a loan by marking a lien through pledge on the shares it holds in the demat account.
The margin can be as high as 50 percent depending on the underlying security. The margins for shares are high as their value is very volatile.
The dividend will continue to be credited to your bank account even if the shares are pledged with the lender as the shares will be continue to hold in your demat account only.
The lien will be lifted by cancellation of pledge as and when you repay the loan in full.
The lender that is also having a depository participant may offer pre-sanctioned loans on shares held in the demat account since it is easier for the lender to execute such loans.
- You must have minimum age of 18 years.
- Shares held in the name of borrower client can be pledged.
- Share can also be pledged as third party pledger for any other borrower client.
- Shares in a company where you are a director or promoter cannot be pledged for loan.
- You will be required to submit certain essential documents like identity proof, proof of address, photo, demat master etc.
