Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 State Bank of India (SBI) Loan against Shares

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    12.90% - 14.90% Floating
    1% + applicable tax One time fee
    25K - 15L
    5 Years
    Response Time Within 30 minutes
    Documents
    Perks
    Think about
    Eligibility Criteria

    State Bank of India (SBI) Loan against Shares is Rated as "Excellent!" by 374 Users

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    State Bank of India Loan against Shares

    Mostly, investments in shares and mutual funds are useful keeping a long-term goal in mind and instant liquidity options are few and far between. State Bank of India provides a specialised loan that aims to change that norm. This loan from State Bank of India allows individuals and non-individuals to utilise the power of their investments without having to lock out of or liquidate them. These loans can help out in business or personal financial needs.

    Usage of SBI Loan against Shares

    This loan is provided to individuals or non-individuals for any purpose that is not explicitly speculative, for inter-corporate investments or for acquiring controlling interest in any company or set of companies. Banking on the power of the investments made by the applicant, this loan is a powerful aid in financial terms.

    Eligibility Criteria for State Bank of India Loan against Shares

    An unsecured loan as this has a few eligibility criteria to be met in order for the bank to be able to sanction the loan. The eligibility requirements can be mentioned as follows:

    1. Applicants can be individuals, professionals, sole proprietorships, partnership firms and private limited companies (including closely-held public limited companies) and must be Indian residents and existing customers of State Bank of India with DEMAT accounts with SBICap Securities Limited
    2. Applicants should be at least 18 years of age when the loan is sanctioned. Shares in the name of minors, trusts, partly paid up shares or shares in the name of individuals who are directors or promoters of the same holding company are not allowed
    3. The acceptable securities that can be pledged are dematerialised equity shares (loan to 50% of market value), mutual funds (loan up to 50% of net asset value)

    Types of Financing under State Bank of India (SBI) Loan against Shares

    Loan against Shares from State Bank of India (SBI) is a specific demand loan with optional overdraft facility.

    Loan limits under State Bank of India Loan against Shares

    Based on the credit-worthiness of the applicant, validity of documents and the market value or NAV of the pledged securities, State Bank of India can provide loans based on its discretion. The minimum amount of loan that can be sanctioned is INR 50000 and the maximum limit is INR 20 lakhs. In case loans are being availed for subscribing to IPOs, the maximum amount of loan will be INR 10 lakhs. The portfolio of securities is assessed regularly and based on the performance, loan limits might be revised.

    Interest rates for State Bank of India (SBI) Loan against Shares

    Interest rates for a Loan against Shares could depend on the base lending rate and is based on the discretion of State Bank of India. As of November 2015, the applicable rate of interest is Base Rate + 3% per annum, i.e. 12.30% per annum. Further changes to the rates could be done by State Bank of India as and when required. Interest is charged only on the amount that is actually utilised as a loan in case of overdraft facility, irrespective of the overdraft limit that is allowed. Overdrafts are annually renewable, while demand loans are to be repaid within 30 months.

    Documentation required during applying for SBI Loan against Shares

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

    1. Photographs of individual applicant and/or co-applicant, directors and promoters, in case of a company & trusts, partners in case of a partnership firm or authorized person as applicable in case of societies
    2. IT Returns, audited profit and loss account statement and balance sheet for the last 2 years, six months bank statement of the primary current account and business proof
    3. Know Your Customer (KYC) documents
    4. Partnership deed, Memorandum of Association (MOA) and Articles of Association (AOA) or License issued under the Shops and Establishments Act of the respective states for business proof in case of non-individuals
    The above set of documents comprise the minimum required list. To aid in credit approval, State Bank of India might ask for extra documents if necessary.

    Features of State Bank of India Loan against Shares

    The Loan against Shares from State Bank of India is a good financing option for urgent financial needs on business or personal grounds. Some key features of this specialised loan are as follows:

    1. Loan tenure or repayment period is annual and renewable per year
    2. Minimal documentation and faster approval
    3. No security or collateral required (pledged shares act as security)
    4. Loan amounts are variable as per the performance of the shares

    Applying for State Bank of India Loan against Shares

    The loan can be applied for through State Bank of India’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 State Bank of India requesting an executive assistance for application process. One can also apply for State Bank of India (SBI) Loan against Shares through BankBazaar, wherein eligibility charts, EMI calculators and infographics can guide one through the application process.

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  • State Bank of India (SBI) Loan against Shares Reviews

    • SBI Personal Loan
      "Looking for better service"
      0.5 1.0/5 "Really Bad"
      SBI response was not good, when I approached them for the personal loan, they didn't give proper response to me. Finally they completed the process in three days. I have submitted lot of documents for loan process after loan got approved, everything became smooth. SBI is good in interest rate and other charges are lower side.
      Was this review helpful? 0
      , machilipatnam
      Reviewed on Aug 12, 2017
    • SBI Personal Loan
      "Satisfactory services"
      0.5 5.0/5 "Blown Away!"
      My personal loan is with State Bank of India and the process to get the loan was easy. The customer services was nice and the documentation was simple. The rate of interest was of 12% with a nominal processing charge. The loan disbursed was also to my satisfaction.
      Was this review helpful? 0
      , agartala
      Reviewed on Aug 12, 2017
    • SBI Personal Loan
      "Recommendable product"
      0.5 4.0/5 "Great!"
      I am an existing of SBI, I am holding salary account with them. So I have taken personal loan in the year of 2013. I took the amount of Rs. 1lakhs, almost I paid half of the amount. SBI interest rate was also satisfactory, I am fine with their service.
      Was this review helpful? 0
      , lucknow
      Reviewed on Aug 10, 2017
    • SBI Personal Loan
      "High in charges"
      0.5 3.0/5 "Satisfactory"
      State bank of India is high in charges for the loan process. For the personal loan, the interest rate is very high and apart from the interest rate, there is some annual charges applicable. So I did not avail any kind of loans from SBI till date.
      Was this review helpful? 0
      , thane
      Reviewed on Aug 05, 2017
    • SBI Personal Loan
      "Delayed Service"
      0.5 2.0/5 "Expected more"
      I availed personal loan from State bank of India quite long time ago. They did not process the loan on time also they had taken too much of time to sanction it. Their services are very delayed and there was no proper assistance from the bank side.
      Was this review helpful? 0
      , cuddalore
      Reviewed on Aug 02, 2017
    • SBI Personal Loan
      "Fair service"
      0.5 3.0/5 "Satisfactory"
      It is easy to go with SBI for the loan for the government employees. I took personal loan from SBI and the rate of interest is 12%. But the time when I availed the loan, interest rate was around 13.3 % now it had been reduced to 12%. Also it is a floating type of interest. But I am not happy about the process because they were taking too much of time to done with the process.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Aug 02, 2017
    • SBI Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      First thing SBI Bank is very much secured. Great thing is, SBI is best for the personal loan. I had taken personal loan from them. They disbursed my loan amount within a day after applying. The rate of interest they have offered is 11% and the processing fee they have charged was around 2000 rupees approximately.
      Was this review helpful? 0
      , jamnagar
      Reviewed on Aug 01, 2017
    • SBI Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I tried applying for a personal loan with State Bank of India. It was a average experience. They had too much of a procedure and it was lengthy too. The documentation was much as well. So I cancelled my application, also I did not take the loan finally from them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 23, 2017
    • SBI Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from State Bank of India and the process for it was smooth. I did not have much of a documentation process and also I did not get the loan on time. The rate of interest and processing charges were very much normal too. But on the other hand, after loan services were very much hassle free.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2017
    • SBI Personal Loan
      "Improvement needed in service"
      0.5 5.0/5 "Blown Away!"
      The personal loan process need to be quick and fast with SBI. The customer service and the response need to be focused a lot. They are talking too much of time to disburse the personal loan. They took around 10 to 15 days of time to disburse my loan and they call it as express in disbursing the loan. As I hold a salary account with SBI they have offered me with low interest rate.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 19, 2017
    • SBI Personal Loan
      "Be Helpful"
      0.5 3.0/5 "Satisfactory"
      Once I made an inquiry with SBI for the personal loan. Actually I am a long term customer of SBI, I hold salary account with them for 6 years. So I approached the same bank for the loan, but they asked me three questions and they said that they are unable to provide the loan. So I am not happy with SBI.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Jul 13, 2017
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from SBI, they took only 5 days for the disbursement. Rate of interest charged was 11.5% and processing fee was niL. My salary account is with SBI so there were no issues with the documentation process and the EMI was around 11k approximately.
      Was this review helpful? 0
      , belgaum
      Reviewed on Jul 12, 2017
    • SBI Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Had a great experience of availing a personal loan from SBI couple of years ago. Documentation part was very simple and the processing of the loan was completed in just 4 days. Rate of interest was 11% & processing fees were NIL the loan amount I had taken is 2.50 lakhs at that time I had taken and this was for a tenure of 5 years.
      Was this review helpful? 0
      , belgaum
      Reviewed on Jul 12, 2017
    • SBI Personal Loan
      "Very poor"
      0.5 1.0/5 "Really Bad"
      I had taken a personal loan from SBI and they were very slow in the process. I did not have a problem with the bank but they have taken 15 to 20 days to disburse my loan amount the rate of interest they have offered me is 14% they have charged any processing fee also and the EMI I payed around 9000 rupees and I have pre closed this loan
      Was this review helpful? 0
      , belgaum
      Reviewed on Jul 12, 2017
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      Personal loan process was really smooth. I got a loan of 5.7 lakhs and I am happy that State bank of India is supportive when ever I approach them. The interest rate offered was 12.40% and the processing fees was nil . The after loan services are hassle free I have taken this loan for five years and the loan got disbursed with in a span of 4 days of time.
      Was this review helpful? 0
      , belgaum
      Reviewed on Jul 12, 2017
    • SBI Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have a earlier experience for a personal loan with State Bank of India. The customer services are good and the process was smooth. The rate of interest and processing charges was normal. I had no hassles with the after loan services too. Overall good.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jul 11, 2017
    • SBI Personal Loan
      "Perfect service"
      0.5 5.0/5 "Blown Away!"
      I had a personal loan experience with State Bank of India last year. They took around 7 days to disburse my personal loan . The required loan amount has been given and I am satisfied with it. The rate of interest is low, when compared with other banks.
      Was this review helpful? 0
      , bathinda
      Reviewed on Jul 10, 2017
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The service provided by State Bank of India was really good based on the personal loan application being submitted I had taken this loan long back before eight years the rate of interest was minimum and there was processing charges as well
      Was this review helpful? 0
      , korba
      Reviewed on Jul 10, 2017
    • SBI Personal Loan
      "Satifactory service"
      0.5 3.0/5 "Satisfactory"
      Processing fee is very less with the SBI, when it comes to personal loan, also the rate of interest is 14% very less. Customer service is very good one with them, and the loan mount I applied for 4 to 5 lakhs. I am holding this account got more them 5 years of time.
      Was this review helpful? 0
      , jaipur
      Reviewed on Jul 09, 2017
    • SBI Personal Loan
      "Better Response"
      0.5 3.0/5 "Satisfactory"
      Three years ago I had taken the personal loan from SBI and I had completed the loan as well. The interest rate is 15% and they done with the process in four to five days. Even they had sanctioned the loan on time. But the response and customer service is not up to the mark. If everything is fine to proceed with the loan then they respond well to the customers otherwise they would reply back.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jul 05, 2017
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