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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. TATA Capital provides a specialised loan that aims to change that norm. This loan from TATA Capital allows individuals and non-individuals to utilise the financial support of their investments without having to cancel out the investments or liquidating them. These loans can help out in business or personal financial needs.
This loan is provided to individuals or non-individuals for any purpose that is not explicitly speculative. Banking on the power of the investments made by the applicant, this loan is a powerful aid in financial terms.
Unsecured business loans are offered on the basis of certain eligibility criteria. These criteria must be met by the applicant to be eligible for the loan. The eligibility requirements for the TATA Capital Loan against Securities can be summed up as follows –
Loan against Securities from TATA Capital is a specific term loan with optional overdraft facility.
Based on the creditworthiness of the applicant, validity of documents and the market value or NAV of the pledged securities, TATA Capital can provide a loan amount ranging from Rs.5 lakh to Rs.20 crores.
Interest rates for a Loan against Securities could depend on the base lending rate and is based on the discretion of TATA Capital. Further changes to the rates could be done by TATA Capital as and when required.
The standard list of required documents for applying for this loan are mentioned as follows –
The above set of documents comprise the minimum required list. To aid in credit approval, TATA Capital might ask for extra documents if necessary.
The Loan against Securities from TATA Capital is a good financing option for urgent financial needs on business or personal grounds.
Some key features of this specialised loan are as follows –
The loan can be applied for through TATA Capital’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 TATA Capital requesting an executive assistance for application process.
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