HDFC Bank Loan Against Securities is a loan that is provided against the value of securities held by an individual or entity. The collateral could be in the form of shares, bonds, mutual funds, life insurance policies, etc.
In order to apply for the HDFC Loan against Securities, the applicant needs to match the following criteria:
The maximum loan amount provided is up to 80% of the value of the security.
|Product||Interest Rate range|
|Loan against equity securities||9.40% - 12.35%|
|Loan against debt securities||8.70% - 11.02%|
The application form can be downloaded from the website, but you will also need to visit the branch nearest to you with the form and related documents. You can also apply for this loan via net banking in 3 simple steps:
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