LOAN AGAINST SECURITY

AMFI-Registered Mutual Fund Distributor

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Loan Against Securities

A loan against security is a loan advance to a customer against a pledge of security. It can be loaned against an insurance policy, mutual funds, National Savings Certificate, and other securities.

Which Securities Can Be Pledged?

  • Shares
  • Equity & Debt Mutual Funds
  • Kisan Vikas Patra (KVP)
  • Fixed Maturity Plans (FMP)
  • Insurance policies issued by LIC and select Private Insurance Companies
  • Non-Convertible Debentures (NCD)
  • Tax free Bonds (RBI, NABARAD, NHAI, PFC, IRFCL, HUDCO, IIFCL, NHB, REC, and IREDA)

Advantages


  • Anytime anywhere access
  • No prepayment penalty
  • Auto-renewal facility
  • You pay interest only on actual amount used