{"id":8618,"date":"2023-08-28T12:15:16","date_gmt":"2023-08-28T12:15:16","guid":{"rendered":"\/blog\/?p=8618"},"modified":"2024-11-15T21:14:17","modified_gmt":"2024-11-15T15:44:17","slug":"tips-to-qualify-for-availing-loan-against-security","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/loan-on-securities\/tips-to-qualify-for-availing-loan-against-security\/","title":{"rendered":"Tips to Qualify for Availing Loan Against Security"},"content":{"rendered":"\n<p>A loan against security (LAS) is one of the most common types of loans. A secured loan, it allows you to borrow funds financial securities against them. Read on to find out how you can qualify for LAS loan.<\/p>\n\n\n\n<p><a href=\"https:\/\/tata-blog.osian.dev\/loan-against-securities.html\">Know More<\/a><\/p>\n\n\n\n<p><strong>1. What is a Loan Against Security?<\/strong><\/p>\n\n\n\n<p>A loan against security is sanctioned against a pledge of security such as mutual funds, insurance, etc. The list of approved securities for LAS loan varied across lenders. Typically, a loan against securities is approved for the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Mutual<br>fund<\/li>\n\n\n\n<li>Demat<br>shares<\/li>\n\n\n\n<li>Non-convertible<br>debentures<\/li>\n\n\n\n<li>Insurance<\/li>\n\n\n\n<li>NABARD<br>and UTI Bonds<\/li>\n\n\n\n<li>National<br>Savings Certificate (NSC)<\/li>\n\n\n\n<li>Kisan<br>Vikas Patra (KVP)<\/li>\n<\/ul>\n\n\n\n<p>If you\u2019ve pledged shares, you still continue to enjoy ownership benefits &#8211; rights, bonuses, etc. In turn, you get an overdraft facility with a limit based on the value of the securities pledged. You are then free to choose how and when to use the LAS loan funds. The<a href=\"https:\/\/tata-blog.osian.dev\/loan-against-securities\/rates-and-charges.html\"> loan against security interest rate <\/a>is determined only on the amount withdrawn for the period of the loan and is typically lower than that on a personal loan.<\/p>\n\n\n\n<p>The biggest advantage of such a loan is that you can get access to funds quickly whenever you need them without giving up your shareholder rights to dividends and bonuses. Thus, a loan against security is a good way to meet short-term financial needs.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"\/wp-content\/uploads\/2020\/04\/tips-to-qualify-for-availing-loan-against-security-1.jpeg\" alt=\"\"\/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>2. Important Features to Know<\/strong><\/p>\n\n\n\n<p>Loan against securities is a secured loan since the bonds or shares are pledged as collateral. Typically, the tenure is one year, which you can renew if need be. The loan amount will depend on the type of security you offer. If you wish to prepay your LAS loan, you can do so without any prepayment charges.&nbsp;<\/p>\n\n\n<p>Do note that mutual funds exempt from capital gains tax (under Sections 54EA\/EB) are not accepted as collateral.<\/p>\n<p>\u00a0<\/p>\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"\/wp-content\/uploads\/2020\/04\/tips-to-qualify-for-availing-loan-against-security-2.jpeg\" alt=\"\"\/><\/figure>\n\n\n\n<p><strong>Additional Read<\/strong>:- <a title=\"How Does a Loan Against Security Work?\" href=\"https:\/\/tata-blog.osian.dev\/blog\/loan-against-securities\/how-does-a-loan-against-security-work\/\">How Does a Loan Against Security Work? <\/a><\/p>\n\n\n\n<p><strong>3. Eligibility Criteria<\/strong><\/p>\n\n\n\n<p>Loan against securities eligibility criteria vary depending on the lender. At Tata Capital, LAS loans are available to both salaried employees and self-employed individuals. You must be within the age group of 18-65 years to avail a loan at Tata Capital.<\/p>\n\n\n\n<p>LAS loans are also available to organisations holding the eligible securities that have been in existence for at least 2 years.<\/p>\n\n\n\n<p>We accept the following securities for a loan &#8211;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Equity\/ Demat Shares<\/li>\n\n\n\n<li>Non Convertible Debentures<\/li>\n\n\n\n<li>Mutual Fund Units<\/li>\n\n\n\n<li>Bonds and Government Schemes<\/li>\n<\/ul>\n\n\n\n<p>Keep the following documents ready when applying for a loan against securities at Tata Capital \u2013<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Photo Identity Proof<\/li>\n\n\n\n<li>Address Proof<\/li>\n\n\n\n<li>Income Proof<\/li>\n\n\n\n<li>Bank Statements<\/li>\n\n\n\n<li>Salary Slips<\/li>\n\n\n\n<li>Passport Size Photo<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"\/wp-content\/uploads\/2020\/04\/tips-to-qualify-for-availing-loan-against-security-3.jpeg\" alt=\"\"\/><\/figure>\n\n\n\n<p><strong>4. How to Apply<\/strong><\/p>\n\n\n\n<p>At Tata Capital, we understand how much you value your investments. With our easy loans against securities, we help you meet both short and long-term financial goals while retaining the ownership of your securities. We also offer you the flexibility to swap securities based&nbsp;on your assessment of the markets!<\/p>\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>Our application process is fairly simple and quick \u2013 select your loan amount and tenure, submit your application, and get funds in your account. Visit us today to understand our <a href=\"https:\/\/tata-blog.osian.dev\/loan-against-securities.html\">loan against securities eligibility<\/a> today.<\/p>\n\n\n\n<p>\t\t\t<a href=\"https:\/\/tata-blog.osian.dev\/loan-against-securities\/apply-now-loan-against-securities.html\" id=\"trx_sc_button_291008181\">Apply Now<!-- \/.sc_button_text --><\/a><!-- \/.sc_button --><br>\n\t\t\t<a href=\"https:\/\/tata-blog.osian.dev\/loan-against-securities\/apply-now-loan-against-securities.html\" id=\"trx_sc_button_1448638520\">Check EMI<!-- \/.sc_button_text --><\/a><!-- \/.sc_button --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A loan against security (LAS) is one of the most common types of loans. A secured loan, it allows you to borrow funds financial securities against them.  <\/p>\n<p><a href=\"https:\/\/tata-blog.osian.dev\/blog\/loan-against-securities\/tips-to-qualify-for-availing-loan-against-security\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":8620,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[35],"tags":[],"class_list":["post-8618","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>Tips to qualify for availing Loan against Security - Tata Capital Blog<\/title>\n<meta name=\"description\" content=\"A loan against security is sanctioned against a pledge of security such as mutual funds, insurance, etc. Check out some tips beneficial to use while availing Loan Against Security\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tips to qualify for availing Loan against Security - 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