LOAN AGAINST SHARES
Home / LOAN AGAINST SHARES
Loan Against Shares

Tata Capital Financial Services Ltd.

Open An Account(API link will be provided)
Basic Information & Process Flow, For Taking Loan Against Shares.

Registration Process
Client can apply for LAS facility Online by visiting our website – relevancebroking.com. It will be through Tata Capital Financial Service Ltd.

  • You can call us or register your queries on our website. Our representative shall call you.

Client has to be registered first with Tata Capital and avail the facility of LAS.

  • If client is already registered than client has to select “existing customer” option and login.
  • Client has to fill up product details - Product details consist Product Type, Loan Amount, etc.

Documents require – Individual Entity

  • Pan Card, Aadhar Card
  • Last one Month Bank Statement
  • DP Client Master & Latest Holding Statement
  • One Photograph
  • 3 Post Dated Cheques in the name of "TATA CAPITAL FINANCIAL SERVICES LTD"

Please note that, basic details fill up for LAS should be match with Aadhar Details, including Client’s photograph (Photograph matching percentage should be more than 50%)

Stamp duty state to be selected as Delhi –

  • Otherwise, client has to pay higher stamp duty charges (In Delhi Rs.250 Stamp duty as on date)
  • NSDL Demat Account is must. And it should be in a single name.
  • Net banking facility is must for obtaining LAS.
  • Mobile number as per Aadhar Card.

Age criteria –

  • For client 18 - 65 years.

LAS Criteria for Non-individual –

  • It should have been in existence for at least two years.

Once all the formalities completed

  • Client will be directed to Sanction letter, agreement, Terms & Condition acceptance page.
  • Client has to accept the same.
  • Customer also needs to select stamp duty State (Delhi) on the page and confirm.
  • After that system will send two email communications to client’s registered email address comprise E-Sign of Sanction letter.

E-Statement showing sanction limit will be received by client from Tata Capital Financial Service.

Basic Of Loan Against Share With Scrip Wise Eligibility…
Applicable Hair Cut for LAS

  • Shares/Mutual Fund will be taken at 50%
  • For Debt Securities eligible haircut will be 30%
  • Category wise 820 scrips are available for LAS.
  • From given category, minimum three scrips should be there in client’s portfolio.
  • Category wise portfolio allocation should reach at 100% mark.

Applicable Interest rate

  • Floating Rate would be applicable. For Rate please be in touch with us.
  • It varies from person to person & on Loan Amount.

Eligibility Criteria for Individual - Through Digital Platform

  • Minimum Loan amount is Rs. 1,00,000
  • Maximum Loan Amount is Rs. 3 Crore.
  • For affiliation or Family – It could be Rs. 20 Cr.
  • For Group – It could be Rs. 40 Cr.

Loan can be disbursed based on eligibility Criteria

Sanction Time of LAS

  • Within 2 hours subject to all the formalities.
  • NSDL Demat Account is must. And it should be in a single name.
  • Interest will be calculated on daily basis.
  • But it will be charged in client’s account on monthly basis, i.e. on every 7th Shares will be pledged with Tata Capital Financial Services – Any Corporate action declared in pledge securities – benefit will be given to client.
  • Mark to Market, to be cleared within 7 days once informed.
  • Tata Capital will inform the MTM amount within 2 days.
  • Auto Renewal facility available – After one year.
  • Client can repay LAS amount at any time.

Client can call Tata Capital, at any time –

  • Customer care number is 1800-209-6060 – One can ask Status of Account, Pledge securities details, Sanction amount against each securities\units & shortfall if any.