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Loan Against Shares

Loan Against Securities

Patience and Time are great tools that help long term investors to create an excellent portfolio in Financial Markets. LAS ensure you cash flow to meet out unplanned or emergency expenses without liquidating the assets or portfolio and rhythm of your investment routine. It is a quick and efficient way to utilize your long term investment only by pledging them and continuing to enjoy the corporate benefits. LAS enables one to raise money without liquidating one’s assets


Features
  • Loans available against pledge of stocks in your DP(NSDL or CDSL )
  • Loan period upto 36 months
  • Loan up to 50% of the value of the securities pledged
  • Loans from Rupees One lakh to Rupees Two crore
  • No restrictions on end use of borrowed funds (exception speculative purposes)
  • All the corporate benefits (Bonuses, Dividends etc..) on the pledged shares will be directly received by you.
  • Flexible repayment options
  • Interest Charged only on amount utilised
  • Disbursement can be availed in tranches
  • Competitive Interest rate
  • Minimum Documentation

All loans of ISFL are subject to internal policies and guidelines of ISFL framed from time to time. As such For LAS

Eligibility
  • Any resident individual between the age group of 18 to 75 can apply for the loan
  • Companies with track record for the last 2 years can apply for the loan
  • Minimum CIBIL score of 601
Fees & Charges

The loans of ISFL are attractively and competitively priced. ISFL charges a minimum processing fee upto 1% of the loan amount (plus applicable GST).

Documents Required

    minus    I) Retail Individual for credit limit upto Rs. 20 Lakh

  • Self-attested copy of PAN Card, Aadhaar Card and bank statement for the last 3 months of the borrower. The Same set needs to be collected for co-borrower/guarantor wherever applicable
  • Post Dated Cheque (PDC) for the loan sanction amount in favour of IFIN Securities Finance Limited without date

    minus    II) Retail Individual for credit limit above Rs. 20 Lakh and uptoRs. 50 Lakh

  • Self-attested copy of Pan Card &Aadhaar Card of the borrower. The same set needs to be collected for co-borrower/guarantor wherever applicable
  • Self – declared Net worth Certificate and latest 1 Year IT Return of the borrower. The same set needs to be collected for co-borrower/ guarantor wherever applicable
  • Self attested latest 6 months Bank Account Statement of the borrower. The same set needs to be collected for co-boorower / guarantor wherever applicable
  • Post Dated Cheque (PDC) for the loan sanction amount in favour of IFIN Securities Finance Limited without date

    minus    III) Retail Individual for credit limit above Rs.50 Lakh

  • Self-attested copy of Pan Card &Aadhaar Card of the borrower. The same set needs to be collected for co-borrower/guarantor wherever applicable
  • CA certified latest Networth Certificate and latest 3 years IT Return of the borrower. The same set needs to be collected for co-borrower/guarantor wherever applicable
  • Latest 12 months Bank Account Transaction Statement (Self Attested) of the borrower. The same set needs to be collected for co-borrower/guarantor wherever applicable
  • Post Dated Cheque (PDC) for the loan sanction amount in favour of IFIN Securities Finance Limited without date

    minus    IV) Companies

  • Address Proof of the Company – Self attested by Company Authorised signatories. (Borrower, Guarantor and Pledgor
  • Latest 12 Months Bank account statement of the Company –Self attested by Company Authrised signatories (Borrower, Guarantor and Pledgor)
  • Latest Net worth Certificate of Borrower, Guarantor, Pledgor certified by CA on CA Letter head for loans above Rs 20 Lakh , If the Loan Value is up to Rs.20 Lakh, a self – certified net worth statement of the borrower, Guarantor and pledger would suffice.*
  • Last Three Years IT Return copy of Borrower, Guarantor and Pledgor (Self attested by client)
  • List of Directors with Signature on the Letter head of the Co., (Borrower, Guarantor and Pledgor)
  • List of Authorised Signatories along with photo and specimen signature on the letter head. (Borrower, Guarantor and Pledgor)
  • Board Resolution on the letter head of the company with Regd.. Off, Address & Company common seal on the page (Borrower, Guarantor and Pledgor)
  • Latest Share Holding Pattern of the company on the letter head (Borrower, Guarantor and Pledgor)
  • Address proof of the Directors –Self attested (Borrower, Gurantor and Pledgor)
  • PAN Card of the Director –Self attested (Borrower, Guarantor and Pledgor)
  • Dir -12 Copy for the Appointment and Resignation of Directors.
  • MOA,AOA and Certificate of Incorporation self –attested by company authorised signatory (Borrower, Guarantor and Pledgor)
  • Post Dated Cheque (PDC) for the loan sanction amount in favour of IFIN Securities Finance Limited without date
  • Last Three Years Annual Report of the Borrower, Pledgor and Guarantor company
  • Credit Information Report of Pledgor ,Gurantor and Borrower.