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  • Bajaj Finserv Loan against Shares

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  • Bajaj Finserv provides a specific loan that aims to provide liquidity on assets without actually having to cancel investments. Financial needs are aptly addressed through this variant of secured loan that uses investments made by the applicant as a virtual collateral.

    Where can Bajaj Finserv Loan against Shares be used?

    This unsecured loan is provided to people with investments in listed securities like shares, mutual funds, insurance and bonds and thus requires no guarantors or collaterals. The loan thus availed can be used for any personal or business need that might have come up urgently and needs to be addressed.

    Who can apply for Bajaj Finserv Loan against Shares?

    An unsecured loan against investment in shares, this specialised loan has a few eligibility criteria to be met in order for the institution to be able to sanction the loan. The eligibility requirements can be mentioned as follows –

    1. The applicant should be an Indian resident
    2. The applicant should be at least 25 years of age when the loan is sanctioned
    3. The applicant should be a salaried professional with a regular source of income
    4. The minimum value of securities held by the applicant should be INR 25 lakhs

    What are the types of financing under Bajaj Finserv Loan against Shares?

    Loan against Shares from Bajaj Finserv is an exclusive demand loan that has very short turnaround times for approval and can be repaid as early as possible with no pre-closure fees.

    What are the loan limits under Bajaj Finserv Loan against Shares?

    Based on the credit-worthiness of the applicant, validity of documents and value of the securities, Bajaj Finserv can provide loans within a range of INR 15 lakhs to INR 10 crores.

    What are the interest rates for Bajaj Finserv Loan against Shares?

    Interest rates for a Loan against Shares could range from 11% per annum to higher figures based on Bajaj Fiserv’s discretion.

    What documents are required during applying for Bajaj Loan against Shares?

    The standard list of required documents for applying for this loan are mentioned as follows –

    1. Application form
    2. Passport-size recent photograph
    3. Identity Proof (Government approved)
    4. Address proof (Government approved)
    5. Signature Proof
    6. Date of Birth Proof (Government approved)
    7. Income Details with latest pay slip and Form 16 for the immediate past 2 years and last 6 months’ Demat statement
    8. Bank Account Statements for the immediate last 3 months

    What are the features of Bajaj Finserv Loan against Shares?

    The Loan against Shares from Bajaj Finserv is an unsecured loan that requires no guarantors or collaterals and is a really good financing option for urgent financial needs on personal or business grounds.

    Some key features of this specialised loan are as follows –

    1. Loan tenure or repayment period is 12 months
    2. Monthly payments are only the interest portion on the loan amount
    3. Securities that have been pledged for the loan can be swapped at any given time
    4. One can access the portfolio online through Bajaj Finserv’s dedicated portal
    5. A dedicated Relationship Manager allows easy resolution of loan terms

    How to apply for Bajaj Finserv Loan against Shares?

    The loan can be applied for through Bajaj Finserv’s website, as well as forms can be downloaded, filled and submitted along with relevant documents at a local branch. Additionally, one could call or mail Bajaj Finserv requesting an executive assistance for application process.

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