The Loan Against Securities is Standard Chartered Bank’s immediate overdraft facility against Shares and Mutual Funds. It offers you a convenient and immediate line of credit just when you want it. What’s more, you pay for it only when you actually use it.
Loan Amount: An individual can avail a maximum limit of Rs.20 Lacs against the security of Shares / Equity Mutual Funds. This limit is higher for other securities.
Here are some of the features of the loan you can get against securities:
- No questions asked. No income proof required
- Use it whenever you want with interest payable only on utilisation
- Low processing charges and interest rates
- Higher limits against Debt Mutual Funds
- Dedicated service desks in 10 cities
- Personalized multicity cheque book
- ATM / Debit Card
- Phone Banking
The Loan Against Securities is available in the following cities:
- WEST: Mumbai, Pune, Ahmedabad, Vadodra, Surat
- NORTH: Delhi, Kanpur, Jaipur
- EAST: Kolkata
- SOUTH: Chennai
Eligibility:
- Individuals (21 years and above)
- Corporates (Against Primary Security of Stock & Book-debts with collateral as Securities)
