Eligibility
Axis Bank provides you with Loan against Securities with excellent benefits.
You can avail a loan for upto 85% of the value of your securities. The Loan against Securities facility is available to individuals, commercial entities and corporate bodies. Here are the Loan against Securities eligibility requirements.
Eligibility for digital Loan Against Securities:
a. Age between 18 to 75 years
b. Current or Savings account with Axis Bank
c. Demat account with NSDL or Mutual funds with KFIN or CAMS.
d. Single account holder in demat/mutual funds.
e. Resident Indian
f. Shares/Bonds/Mutual funds with NSDL or Mutual funds in physical/SOA based account
Eligibility for Loan against Securities (physical journey):
a. Age between 18 to 80 years
b. Shares/Mutual/Funds/Bonds/Convertible debentures/Life insurance policy as a security
c. For Life insurance policy, only resident Indian can apply. Resident Indians/NRIs/HUFs/Sole Proprietorship/ Partnership firm/Private Limited Companies for others.
d. Documents Required for processing physical loan against securities:
- KYC documents
- Latest statement of holding for mutual funds
- Pledge form for the creation of pledge
- Optional - Guarantor Form ( Mandatory in case of joint holding)
* Loan disbursal amount is at the sole discretion of Axis Bank Ltd. Click here to check your eligibility and apply now for digital LAS.
px.jpg
)
