Loan Against Securities from Standard Chartered offers immediate credit

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

* Terms & Conditions apply. All credit facilities are at the sole discretion of the Bank and subject to RBI regulations applicable from time to time.

Individuals (21 years and above)
Corporates (Against Primary Security of Stock & Book-debts with collateral as Securities)

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Frequently Asked Questions

Q. Apart from shares which are other investments against which Loan Against Securities can be availed?

Apart from approved list of Demat shares Loan Against Securities can also be availed against approved list of Mutual Funds.

Q. Whose securities can be pledged to avail Loan Against Securities?

One can pledge own securities or those owned by family, friends or third party (conditions apply).

Q. What will be drawing / operating limit one can avail against pledged securities?

Drawing / operating limit can be as high as 50% of the securities pledged (in case of Shares / Equity Mutual Funds). The drawing limit against security of debt mutual funds is higher. Drawing limit can change depending upon the type & proportion in which the securities are pledged as well as the value of securities.

Q. What is the maximum amount of Loan limits one can avail?

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.

Q. For what all purposes can the borrowings be used?

Loan Against Securities can be availed of for any personal and/or business purposes.

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Service Desks:

Location	Phone Number
Ahmedabad	079-65214045
Chennai	044-25349114
Delhi	011-41502110
Jaipur	0141-5116068 0141-5116097
Kanpur	0512-2331973
Kolkata	033-22309089
Mumbai	022-67355354 022-67355764
Pune	020-66298995
Surat	0261-2256415
Vadodra	0265-2352158

Documentation Charges:	One-time documentation charges. Individuals - INR 900, Others – INR 2000
Annual Processing Charges:	Normally 0.10% – 0.35% of the sanctioned limit will be charged annually.
Quarterly Commitment Fee:	A charge of INR 900 would be levied per quarter if the quarterly average debit balance in the overdraft account is less than INR 50000 for that calendar quarter.