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What are Loan Against Securities Interest Rates?

When you take a loan against security to tackle your urgent financial requirements, you must pay interest to the lender. This interest is calculated as per the loan against securities rate of interest applicable on your loan amount. The loan against securities interest rates may vary from one lending institution to another and are usually charged as percentages on principal loan amounts.

With Tata Capital, you can avail of a loan against shares, mutual funds, or bonds at the most affordable interest rates. Furthermore, depending on your loan eligibility, monthly income, credit score, and the type of security, we can determine the best loan against securities rate of interest for you.

Also, we don’t levy any hidden charges on our loans against securities. We convey all charges transparently at the time of loan processing.

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What are the Loan Against Securities Interest Rates and Charges in India?

Loan on securities interest rates in India vary from one lending institution to another. They also depend on the type of security used to apply for the loan. For example, a loan against shares interest rate is usually higher than a loan against mutual fund interest rate since shares are more volatile securities.

The table below depicts our loan against securities charges and interest rates:

Rate of Interest 8% - 20% (depending on quantity and quality of securities)
Nonrefundable Processing fees (in Rupees) Up to 5% of the loan amount + GST (mentioned in the loan agreement , varies from partner to partner)
Stamp Duty (in Rupees) At Actual
Document Processing Charges (in Rupees) Nil
Pledge/lien creation charges (in Rupees) Nil

*Terms & Conditions apply.

    Penal Charges

  • Default in payment of amounts due as per the Facility Documents

    3% per month on overdue amount (36%  p.a.)

  • Dishonour of any cheque/payment instruments

    Rs. 600/- per instrument per instance  (These are those charges that are levied in case of a repayment bounce)

  • Mandate Rejection

    NIL

  • Non creation of security

    NIL

  •  

    Note: Type of Charge : *(GST, other government taxes and levies as applicable, will be payable on all charges)

Other Charges

We also levy the following Contingent charges on our loans against securities:

Annual Maintenance Charges/ Renewal Charges (in Rupees) Up to 5% of the loan amount + GST (mentioned in the loan agreement , varies from partner to partner)
Repossession Charges/Liquidation Charges (in Rupees) 0.35% of sale consideration + brokerage applicable
Additional Pldge/lien creation charges (in Rupees) Nil
Collection Charges (in Rupees) Nil
Prepayment/ Foreclosure charge (in Rupees) Nil
Legal Charges At Actuals

Note: GST, other government taxes and levies as applicable, will be payable on all charges.