Baroda Advance against Securities

SECURE YOUR
DREAM INVESTMENTS

AVAIL BARODA ADVANCE AGAINST SECURITIES.

#BankingOnYourFuture

  • Easy Repayment
  • Instant loan against securities
  • Interest only on actual amount utilised
  • No pre/part payment charges
  • Easy documentation
  • Attractive Rate of Interest

Baroda Advance against Securities

Meet your urgent need for cash without selling off your securities with Bank of Baroda ‘Loan against Securities’

Pledge your securities and avail instant loan/credit facility with attractive interest rates and minimal documentation

Any individual engaged in gainful activity having regular source of income

Two or more individuals

  • Securities can be held in single/joint name
  • If applicant /co-applicant is not a holder of security, he/she should be a close relative of the holder
  • At least one applicant/co-applicant should be engaged in gainful activity having regular source of income
  • In case of joint holders the total outstanding per individual not to the maximum limit from banking system

Individuals having Demat account with any depository participant

  • Loan against securities is an ideal choice to meet your contingencies and personal needs without selling off your securities
  • Get high value loans against securities
  • Loan is provided for personal needs and cannot be used for speculative activities, to subscribe to another scheme of mutual funds/purchase shares/ debentures bonds or to acquire or retain controlling interest in the company
  • Easy repayment and transparent processing
  • In case of joint holders the total outstanding per individual not to exceed Rs. 20.00 Lakhs from banking system
  • Individuals having Demat account with any depository participant are eligible

Interest rate and charges

CIBIL Score Applicable rate of interest
800 and above MCLR + Strategic premium + 0.25%
760 to 799 MCLR + Strategic premium + 0.50%
725 to 759 MCLR + Strategic premium + 0.75%
Below 725 MCLR + Strategic premium + 1.00%
(-1)/0 MCLR + Strategic premium + 0.75%

Processing Charges

New Account – 0.35% of sanctioned amount

Minimum : Rs 500/- Maximum : Rs 2500 /- ( Rs 1000/- for Baroda e-trade account holders)

Renewal /Enhancement – 0.35% of sanctioned amount
Minimum : Rs 250/-
Maximum : Rs 1250/- ( Rs 500/- for Baroda e-trade account holders)

Most important terms and conditions

Purpose

  • To meet contingencies and personal needs

Age

  • 21 to 70 years

Nature of facility

  • Overdraft

Ticket size

  • Minimum limit (Per individual) : Rs 1 lakh
  • Maximum limit :
    For loan against shares/debentures/bonds : Rs 20 lakh
    For exclusively debt oriented mutual funds : Rs 1 crore

Overdue Interest

  • 2% above sanctioned rate will be applicable on overdue amount

LTV Breach

Timelines to sell

Above 50% & Upto 60%

Maximum within T+4th Day of LTV Breach beyond 50%.

Above 60% & upto 65%

 Maximum within T+4th Day of LTV Breach beyond 50%, or
Maximum within T+3rd Day of LTV Breach beyond 60%
whichever is earlier

Above 65%

 Maximum within T+4th Day of LTV Breach beyond 50%, or
Maximum within T+3rd Day of LTV Breach beyond 60%, or
Maximum within T+2nd Day of LTV Breach beyond 65%
whichever is earlier

Margin call will be done through SMS/ e-mail on registered mobile number/ email ID.

In the event of sale due to non-maintenance of LTV, Bank of Baroda reserves the right to sell the securities in marketable lots as it deem fit to make the account normal to the approved LTV%.

At present this product is available at identified Branches only

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