Loan Against Securities
With Loan Against Securities (LAS) from Tata Capital you can unlock the potential of your investments. All you have to do is pledge your equity shares, mutual funds, bonds or securities and get access to instant liquidity.
(i) Default in payment of interest and/or principal amounts @ 18% p.a. on the defaulted amount
(ii) Dishonour Charges: Rs. 670/- (Rupees Six Hundred and Seventy only) for every Cheque/ Payment Instrument/ ECS Dishonour.
(iii) Non-creation/perfection of security: @ 2% on the outstanding principal amount will be charged for the period of delay in respect of delayed/non-submission of security/collateral related documents and non-perfection of security.
*Charges to be paid along with applicable Tax
| Description | Periodicity | Penalty Amount |
|---|---|---|
| Delayed/non submission of stock statement | To be submitted Quarterly by 10th of every Calendar Quarter. | Additional one time charge of Rs 20,000/- per Quarter |
| Delayed First Insurance cover note and non renewal of Insurance on due date |
First Insurance:- within 30 days from disbursement date. Renewal : as and when due |
Additional one time charge of Rs 20,000/- per financial year |
| Non adherence of financial covenants’ of sanction letter | At the time of Review /Renew of account | Additional one time charge of Rs 20,000/- per financial year |
| Documentation charges | Rs 5,000/- | |
| Stock Audit charges | Rs 5,000/- | |
| ROC and CERSAI filling | Rs 5,000/- | |
| Valuation charges | As per actuals | |
| TSR fees / Title search fees | As per actuals | |
| Security trust fees | As per actuals |
Charges to be paid along with applicable Tax
Here’s how Loan Against Securities can benefit various types of companies:
Below are the advantages of choosing Tata Capital’s Loan Against Securities to meet your business requirements:
Below are a few common structured products we offer: