Most of us are familiar with stocks and shares, one of the most popular investment avenues with good returns. Apart from the normal returns which are expected out of your stocks, there is something more that you can derive out of them. This is where Loan against Shares (LAS) comes into the picture.
Loan against Shares (LAS) is a secured loan against your shares, debentures or mutual funds, bonds, etc. The shares or acceptable financial instrument is kept as a collateral security when this loan is advanced to you. In short, LAS is a great way of raising capital without liquidating any part of your accumulated portfolio.
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Why SBI LAS?
In order to meet your short-term financial needs, SBI Loan against shares offers a good choice as you do not have to sell your stocks to fulfill these needs. It is the ideal way to raise funds without liquidating your stocks. If you are a business owner requiring immediate funds, LAS is the most appropriate financing solution for you. Salaried individuals in need of immediate liquidity may also opt for this financing solution. Loan Against shares may also be taken for specific personal goals like marriage, holiday or for a child's education.
Economical overdraft facility
Interest is charged on the loan outstanding/limit utilized
Low interest rates
We charge extremely competitive interest rates on the Loan against Shares
Transparent & Easy Online Application
Transparent application process with just 3 easy steps –"Fill form online, Print & sign and scan & send" it to designated email id & SBI Branch address.
Anytime & Anywhere facility
With easy online application, you can apply for LAS anytime & anywhere. No need to visit any branch.
Intact Ownership of Shares
You can enjoy your rights of receiving corporate actions such as dividends and bonuses along with any gains from the price movements in the shares for which you have availed the loan from the bank.
Maximum Repayment Period of 30 months
We offer you maximum repayment period of 30 months which is relatively on the higher side.
No Additional Documents - Income Proof Require
No additional documents like KYC documents, Income proof, IT return documents are required thus administrative effort is kept as minimal as possible.