{"id":8348,"date":"2020-03-27T05:25:05","date_gmt":"2020-03-27T05:25:05","guid":{"rendered":"\/blog\/?p=8348"},"modified":"2020-04-23T09:34:35","modified_gmt":"2020-04-23T09:34:35","slug":"how-does-a-loan-against-security-work","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/loan-on-securities\/how-does-a-loan-against-security-work\/","title":{"rendered":"How Does a Loan Against Security Work?"},"content":{"rendered":"\n<p>Are you thinking of liquidating your shares and mutual funds to address a cash crunch? Don\u2019t! Instead of selling off your investments hurriedly, take a loan against securities. Let us look at the list of investments you can pledge to avail of this finance option &#8211;<\/p>\n\n\n\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link has-background has-vivid-cyan-blue-background-color\" href=\"https:\/\/tata-blog.osian.dev\/loan-against-securities.html\">Know More<\/a><\/div>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Bonds<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Mutual funds<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Insurance Policies<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Non-convertible\ndebentures<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>National Savings\nCertificate (NSC)<\/li><\/ul>\n\n\n\n<p><strong>Features of LAS Loans<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>An applicant is generally\nsanctioned up to 85% of the value of pledged securities<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>A loan against security is a secured loan where shares, debentures, mutual funds, etc. are offered as collateral<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The loan tenure is one\nyear but can be renewed hassle-free<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The processing fee is\ngenerally 2% of the total loan amount<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>You can prepay a loan against security without any penalty or fee<\/li><\/ul>\n\n\n\n<p><strong>Eligibility Criteria<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The applicant has to be\nbetween the ages of 18 years and 65 years<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The applicant should be a\ncitizen of India residing permanently in the country<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The applicant should be\nable to show a stable source of income<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The pledged security must\nbe bank-approved.<\/li><\/ul>\n\n\n\n<p><strong>Documents Required<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Proof of identity \u2013 PAN\ncard, driver\u2019s license, passport, Aadhaar Card (any 1)<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Proof of address \u2013 ration\ncard, utility bills, passport (any 1)<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Proof of income \u2013 If you\nare a self-employed person, then submit last 6 months bank statements, IT\nreturns for 2 years, balance sheet, profit and loss account, proof of business,\nand office address. If you are a salaried employee, then submit last 6 months\nbank statements showing salary credits, last 3 months\u2019 salary slips, and\ncancelled cheque<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Demat account statements<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Passport-size photograph<\/li><\/ul>\n\n\n\n<p><strong>How to Apply for an LAS\nLoan?<\/strong><\/p>\n\n\n\n<p><strong>Online<\/strong><\/p>\n\n\n\n<p>Applying for a loan against security is very convenient, especially if you do it online and figure out your\u00a0loan against securities eligibility\u00a0criteria. After this, fill out a short digital form describing the securities you wish to pledge. Hit \u2018Apply\u2019 and get a quick approval once your documents are verified.<\/p>\n\n\n\n<p><strong>Offline<\/strong><\/p>\n\n\n\n<p>You can also visit the nearest branch of your lending institution if you wish to avail this loan. Make sure you prepare your documents beforehand to save time and reduce the number of trips to the branch. Your loan against security will be sanctioned if an official is satisfied with your paperwork.<\/p>\n\n\n\n<p><strong>The Bottom Line<\/strong><\/p>\n\n\n\n<p>Loan against securities is a path-breaking new financial product in the market. To apply for this loan, choose India\u2019s leading lending institution \u2013 Tata Capital. We offer competitive loans against security interest rates, starting at just 10.5%! <\/p>\n\n\n\n<p>Our loan against security offers the following benefits &#8211;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Availability of overdraft\nfacility <\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>There are no charges for\nforeclosure or prepayment. This benefit allows you to choose flexible and\nconvenient EMI plans.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>An applicant can swap\nsecurities based on their stock market assessment.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The application\nprocessing is quick.&nbsp;&nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The borrower can avail\nthis loan for amounts ranging between Rs.5 lakhs to Rs.20 crores.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The loan tenure is of 1\nyear but is automatically renewable.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>You can apply for an LAS loan through the website or also via WhatsApp.\u00a0<\/li><\/ul>\n\n\n\n<p><strong>Additional Read<\/strong>:- <a title=\"Top Documents Required for a Loan Against Security\" href=\"https:\/\/tata-blog.osian.dev\/blog\/loan-against-securities\/top-documents-required-for-a-loan-against-security\/\">Top Documents Required for a Loan Against Security <\/a><\/p>\n\n\n\n<p>If you wish to know more\nabout it, check out our <a title=\"Loan Against Security\" href=\"https:\/\/tata-blog.osian.dev\/loan-against-securities.html\">loan against security<\/a> product offering or give\nus a call at 1860 267 6060 today!<\/p>\n\n\n\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link has-background has-vivid-cyan-blue-background-color\" href=\"https:\/\/tata-blog.osian.dev\/loan-against-securities\/apply-now-loan-against-securities.html\">Apply Now<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Thinking of liquidating your shares and mutual funds to address a cash crunch? Don\u2019t! Instead of selling off your investments hurriedly, take a loan against securities.  <\/p>\n<p><a href=\"https:\/\/tata-blog.osian.dev\/blog\/loan-against-securities\/how-does-a-loan-against-security-work\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":8349,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[35],"tags":[],"class_list":["post-8348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan-on-securities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Does a Loan Against Security Work - Tata Capital Blog<\/title>\n<meta name=\"description\" content=\"A Loan against Securities is the best way to make your investments work. 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