Get liquidity from your investments, without selling them.
Multiply your Trading Power with HDFC Bank LAS Equity account
Features & Benefits :
You can enjoy the benefits of your securities and still avail a loan on the same.
- No EMIs
- No Post Dated cheques
- No Pre-payment charges
- Interest charged only on utilised amount
- Exhaustive number of approved securities
- Upto 80% Loan
- Simple and speedy processing
- Term Loan facility also available against select securities
Overdraft facility can be availed against pledge of :
- Equity Shares* - Demat Shares up to 50% of the value. See approved scrips.
- Mutual Fund units* - Mutual Funds up to 50% of NAV (Net Asset Value). See approved Mutual Fund Schemes.
- Gold ETF
- NABARD's Bhavishya Nirman Bonds
- RBI Bonds (8% Savings Bonds 2003 (Taxable))
- Life Insurance Policies issued by LIC & Select Private Insurance Companies See approved Life Insurance Policies.
- National Savings Certificate (NSC)
- Kisan Vikas Patra(KVP)
- Gold Deposit Certificates (GDC)
- Non Convertible Debentures
*The contribution of single scrip should not exceed 65% of the total portfolio value at any point of time during the tenure of the account.Loan is sanctioned as per applicable internal policy of the Bank.
Single Scrip Lending - up to 50% of the value with any Depository Participant.
Minimum loan amount - Rs. 2,00,000/-
Pay interest only on the amount outstanding and only for the time you use it. Interest is calculated on the daily outstanding balance and debited to your account every month end.
Shares can be pledged from any Depository (NSDL or CDSL) and any Depository Participant across the country.
Loan available to NRIs against Shares, Mutual Funds(equity,Debt,FMPs), Insurance Policies,NSC,KVP