https://www.hdfcbank.com/personal/borrow/loan-against-assets/loan-against-securities/fees-and-charges
Digital loan against Shares/ Mutual Funds
Pledge your Shares/ Mutual Funds digitally and get an instant loan in three easy steps. It’s completely automated and paperless.
Get a loan worth up to 80% of the value of the securities pledged, with the minimum loan amount of Rs. 50 thousand.
The HDFC Bank Loan Against Securities is provided only for personal purposes. The loan amount cannot be used for speculative activities, any purpose linked to capital market activities, or for any anti-social purposes. All credit provided is at the absolute discretion of HDFC Bank.
Service your interest payments by way of credits in your account every month. The interest is calculated only on the amount of the loan actually used by you.
All our charges are communicated up front, at the time of the processing of the loan. HDFC Bank Loan Against Securities comes without any prepayment and foreclosure charges and relieves you from the stress of dealing with post-dated cheques.
With our doorstep service and efficient servicing processes, your loan will be processed quickly. Our Loan Against Securities has a dedicated help desk, to help you with the entire process.
When you opt to take a Loan Against Securities, you don't need to worry about paying interest on the entire loan amount. You will be charged interest only on the actual loan amount you use. Interest will be calculated on the daily outstanding balance, and debited to your account at the end of every month.
Note: With effect from 1st Jan 2011, the interest rates in Loan Against Securities (LAS) a/cs are linked to Base Rate. Any movement in Base Rate of the Bank would have a similar impact on the Rate of Interest in LAS a/c.W.E.F 1st April 2016 for all new LAS a/cs opened or renewed the interest rates applicable are linked to MCLR (Marginal Cost of Funds based Lending Rate).W.E.F 1st October 2019 for all new LAS a/cs are opened with fixed interest rates & all renewals are linked to External benchmark
Individual customers who have an existing Demat Account with HDFC Bank can easily apply for a Loan Against Securities through NetBanking. To avail of the loan, simply log in to NetBanking using your Customer ID and IPIN. Click on the Demat Tab, and then click on the Request option on the left hand side of the screen. Finally, click on Loan Against Securities, and select the shares that you'd like to offer as collateral from your Demat AccountView a demo of the process here.Login to NetBanking and apply now.
You are free to pledge shares from any Depository (NSDL or CDSL) and any Depository Participant across the country.
NRIs can choose from options of shares, mutual funds (equity, debt of FMPs), insurance policies, NSC or KVP.
When you opt for an HDFC Bank Loan Against Securities, we will create a current account with an overdraft limit for you. This will allow you to enjoy all the facilities and benefits that come with a current account. You will also have access to features such as Phone Banking, NetBanking
Get up to 50% of the value with any Depository Participant.
Effective from 01-03-2023, we are changing the interest rate cycle (period for which we will charge interest due) as per below: -
| Cycle | Period of Interest | Interest Debit & Due Date | Standing Instruction Date |
|---|---|---|---|
| Current Cycle | 1st to 30th/31st (Last day of the month) | 30th/31st of every month | 5th of every month |
| Revised Cycle effective 1st March 2023 | 6th of the month to 5th of the following month | 5th of every month | 10th of every month |
To ensure a smooth transition in line with the above change:
Customers servicing the interest on Self-Service mode to service immediately on the debit.
HDFC Bank is the first Bank to offer, Digital Loan Against Mutual Funds (LAMF). You can pledge mutual fund investments online and get an overdraft limit set in your account. Enjoy the benefits of instant availability of funds, retention of mutual fund returns without liquidation, and more.