Advances Against Demat Shares – Loan Details
Purpose
Advance against bank-approved Demat shares for investment and personal financial requirements.
Eligibility
Individuals
Basis of Loan
Maximum ₹10.00 lakh
Repayment Period
Renewable every year.
Rate of Interest
Processing fees
As per bank policy.
Shareholding and Membership Contribution
2.50% of loan amount for limits of ₹1.00 lakh and above.
Security
Bank Approved Demat Shares
Guarantors
Not required.
Documentation
- Duly filled prescribed application form
- Photo Identity & Residence Proof of the Applicant
- Income proof: Income Tax Returns for the last three years.
Conditions Apply – Please visit our branch for complete terms and conditions.