Loan Against Securities IndusInd Bank

The loan or overdraft amounts under the Loan against Shares facility depend upon the securities that are held by the applicant. As per the value of those securities, a loan amount ranging from INR 2 lakhs to INR 20 lakhs can be sanctioned to an applicant through an overdraft.

The loan applied is for a tenure of 1 year and is renewable for every year post that.

What are the Interest Rates?

Interest payable on IndusInd Bank Loan against Shares varies as per the usage of the amount. The rates are based on the discretion of the bank, though as of November 2015 they are within the range of 11% to 14% per annum. Overdraft amount that is actually used and for the amount of time used will be used for calculation of interest, irrespective of the overdraft limit issued. Margin charged by IndusInd can vary from 35% to 65% based on the shares list of the applicant.

What documents are required for IndusInd Bank Loan against Shares?

1. Identity proof (Government approved - PAN Card, Passport, Voter ID)
2. Address Proof (Rental agreement, Business establishment deeds, etc.)
3. Signature proof
4. Pledge of shares
5. Application form and loan agreement

How to Apply for IndusInd Bank Loan against Shares Financing?

This financing can be applied for online at IndusInd Bank's website or at any physical branch. One should possess the necessary documentation to be submitted at the time of applying for this financing option.

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