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 |
BRLLR + Strategic premium + 0.25% |
| 760 to 799 |
BRLLR + Strategic premium + 0.50% |
| 725 to 759 |
BRLLR + Strategic premium + 0.75% |
| Below 725 |
BRLLR + Strategic premium + 1.00% |
| (-1)/0 |
BRLLR + 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
Nature of facility
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