Loan against Security

What is Loan against Securities?

Loan against Securities helps customers avail a loan against the securities that they hold, by merely pledging and not selling them. An overdraft facility is advanced to customers when they pledge their securities. The value of the overdraft limit that is advanced to customers is determined on the basis of the securities that are pledged.

For smooth transactions, a current account is opened in the name of the customer. The rate of interest is calculated only on the amount withdrawn by you and only for the period of utilization.