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Get liquidity from your investments, without selling them.
Now you avail overdraft against your securities like Equity Shares, Mutual Fund
Units(Equity, Debt, FMPs), Gold Exchange Traded Fund(ETF),NABARD's Bhavishya Nirman
Bonds, Policies issued by LIC & Select Private Insurance Companies, NSC, KVP and
Gold Deposit Certificates, while still retaining ownership. And the best part is
that you can continue to enjoy all your shareholder benefits such as rights, dividends
and bonuses.
Loan available to NRIs against Shares, Mutual Funds(equity, Debt, FMPs), Insurance
Policies, NSC, KVP
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Features & Benefits
You can enjoy the benefits of your securities and still avail a loan on the same.
- No EMIs.
- No Post Dated cheques.
- No Pre-payment charges.
- Interest charged only on utilised amount.
- Exhaustive number of approved securities.
- Upto 85% Loan.
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Overdraft facility can be availed against pledge of:
- Equity Shares* - Demat Shares up to 50% of the value.(select scrips.).
- Mutual Fund units* - Mutual Funds up to 50% of NAV (Net Asset Value). (select Mutual
Funds).
- Gold ETF.
- NABARD's Bhavishya Nirman Bonds .
- Life Insurance Policies issued by LIC & Select Private Insurance Companies .
- National Savings Certificate (NSC).
- Kisan Vikas Patra(KVP).
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* The contribution of single scrip should not exceed 65% of the total portfolio
value at any point of time during the tenure of the account. Loan is sanctioned
as per applicable internal policy of the Bank.
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- Single Scrip Lending - ending up to 50% of the value with any Depository Participant.
- Minimum loan amount: Rs. 50,000/- .
- Pay interest only on the amount outstanding and only for the time you use it.
- Interest is calculated on the daily outstanding balance and debited to your account
every month end.
- Shares can be pledged from any Depository (NSDL or CDSL) and any Depository Participant
across the country.
- For availing the overdraft facility, the securities need not necessarily be in your
name.
- To receive the overdraft amount, a Current Account with an overdraft limit is created
in your name. This entitles you to all the Current Account benefits like FREE International
Debit Card, FREE PhoneBanking, FREE NetBanking.
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Click here to meet our Representative to know
more.
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Please note that the loan is granted only for personal purposes. Loan Amount can
not be used for speculative activities or any purpose linked to capital market activities
or for any anti social purposes.All credit is at the absolute discretion of HDFC
Bank.
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