What is a Loan Against Securities?

Bajaj Finserv offers Loan Against Securities for term loan & Flexi Loan. In a term loan, a customer borrows for a certain period like 3, 6, 9 & 12 months and can repay the loan amount at the time of completion of the loan tenure. In a Flexi Loan, a customer can request for repayment as well as disbursement up to his eligibility amount at any time during the tenor of loan.

You can choose to foreclose your loan anytime you want after payment of interest and the principal loan amount. There are no foreclosure charges.

All our loans come with the Part-Prepayment facility. With this, you can part prepay as much as you want during the tenor of loan

You can choose to borrow any loan amount ranging from Rs. 5 lakh to Rs. 100 crore.

There are various ways in which you can pay your Secure fees online -

-Debit card

-Internet-enabled online bank account

All transactions on our website are safe. We use best-in-class security and the transactions done are secure. We use SSL data encryption that protects the information from being viewed by unauthorized individuals.

In case of any discrepancies we will refund the money, provided that the reasons are valid. Please call us at 1800 1033535. Read the ‘Terms and Conditions' for more details.

The minimum loan amount is Rs. 15 lakh & the maximum loan amount is Rs. 10 crore.

Yes. You can pledge shares held with any Depository Participant in NSDL or CDSL

You can get Loans up to 50% of the value of Pledged Securities. T&C apply.

Interest is calculated on a daily basis on daily outstanding amount which needs to be repaid on a monthly basis. Depends on the portfolio of the customer as well.

Bajaj Finserv has its own approved scrip list and it lends against those scrips alone.

Yes, a customer can avail a loan by pledging his company’s shares post fulfilment of the relevant documentation requirement.

Yes. He can avail a loan on these Securities. He is required to take all of them as co-borrower/Security Provider.

Pledge charges vary from DP to DP. However, the common charge is 0.04% of the pledge amount.

For a Loan Against Securities, Bajaj Finserv considers the client’s profile, valuation of pledgeable securities & existing obligations if any, while calculating the loan eligibility amount. The ASM can help know the eligibility amount at the time of the personal meeting.

A customer can obtain the SOA online through our online Customer Portal – Experia, or contact his Loan Against Securities relationship manager.

A customer can repay the loan amount in part or full by drawing a cheque in favour of Bajaj Finserv or through RTGS/NEFT at any point of time during the loan tenure. Customer can also repay the loan from Customer Portal – Experia.

Yes. A customer can release the same after repaying the loan amount to the effect that the margin is maintained as per requirement.

Bajaj Finserv does not levy any repayment charges.

Bajaj Finserv does not levy any repayment charges.

A customer can initiate a release request through his DP after repaying the loan amount and interest to Bajaj Finserv.

When a lender funds an employee to exercise his/her vested shares which are under Employee Stock Option Plan (ESOP) by asking to pledge those receivable shares at the time of allotment.

Any employee of the companies approved by Bajaj Finance Ltd, can avail this facility.

The minimum and maximum loan amount for ESOP finance is Rs. 10 Lac and Rs. 10 Cr respectively.

The loan eligibility amount is calculated based on:

- Vested Price

- Vested Price

- Margin of shares

Yes. We do fund FBT in case the required loan amount + FBT amount is within the eligible loan amount.

The margin varies from Company to Company. However, it starts from 30% to 40%.

The tenure for ESOP Financing ranges from 30 Days to 180 Days.

Below are the charges:

- Rate of Interest

-Processing Fees

- Pledge / unpledged charges

-Demat A/c opening charges

- AMC Charges for Demat A/c

- Documentation charges

- The employee needs to fill up the loan application form along with the new POA based Demat AccountForm and submit it to Bajaj Finance Ltd.

- Employee has to submit his/her ESOP grant letter, issued by the employer

- Bajaj Finance needs to check/verify the documentation and open the loan a/c and organize to open POA Demat a/c for ESOP Finance

- Employee submits a pledge form duly signed by him/her to Bajaj Finance Ltd

- Bajaj Finance Ltd calculates the loan eligibility amount and informs employee of the same

- Employee mentions the POA Demat Account number which is created for ESOP Financing and initiates the application to exercise ESOP

- Bajaj Finance to RTGS/issue cheque in favour of respective employer on behalf of an employee based on the eligibility amount and ESOP requirement

- Employee to inform about the date of allotment of shares to Bajaj Finance Ltd

- Employer to allot shares in the POA Demat Account of the employee where the POA is in favour of Bajaj Finance Ltd

- Bajaj Finance to create pledge on those shares once the shares are allotted in POA Demat Account

Interest is calculated based on the tenure you opted for ESOP Financing at the time of application. However, Bajaj Finance Ltd charges minimum 30 days interest in case the loan is repaid within 30 days.

You can repay your loan in the following ways:

- Selling allotted Securities through Bajaj Finance Ltd– In this case Bajaj Finance Ltd will initiate the selling of the Securities and retain the receivables to the effect that it covers the loan + Interest and rest of the amount will get credited to the employee’s beneficiary a/c

- By paying the loan amount along with interest to Bajaj Finance Ltd – In this event, Bajaj Finance Ltd will reconcile the a/c and release the pledge and transfer the securities to the employee’s beneficiary a/c

Yes. You may apply for ESOP Financing multiple times as long as your loan a/c is active with Bajaj Finance Ltd