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Loan Against Security

Loan Against Security

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The most important thing about a loan is getting it when you need it the most.YES Bank presents Loan against Securities to give you exactly that.

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 The rate of interest is calculated only on the amount withdrawn by you and only for the period of utilization.

Which securities can be pledged?

Shares, Equity & Debt Mutual Funds, Kisan Vikas Patra (KVP), Fixed Maturity Plans (FMP), Insurance policies issued by LIC and select Private Insurance Companies, Non-Convertible Debentures (NCD), Tax free Bonds (RBI, NABARAD, NHAI, PFC, IRFCL, HUDCO, IIFCL, NHB, REC, and IREDA)

Advantages

  • You pay interest only on actual amount used thanks to the overdraft facility, and get the benefit of a current account.

  • The key feature of our loan against securities is the option to pledge a wide variety of securities, from mutual funds to life insurance policies..

  • Anytime anywhere access

  • Auto renewal facility

  • No prepayment penalty

Schedule Of Charges

Approved List of Securities

features and benefits

High Loan to Value

Up to 85% of security value against debt securities

Easy Repayment

Interest charged only on the amount utilized – no EMI or post-dated cheques required

Loan based on the value of your securities

Pledge your securities in favour of YES BANK, get an overdraft facility of up to a certain value.

Attractive Interest Rates

Multi-Channel Banking

Use our overdraft facility, NetBanking, mobile banking, cheque book and ATM card facility

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Documents Required

  • Copy of PAN card

  • Copy of latest passport size photographs

  • Copy of address proof

  • Copy of latest holding statement of shares

  • Copy of client Master List

  • Last 3 months bank statement

Have any other query?

Q. What are Loans Against Shares?

A. Loan Against Shares (LAS) is Loan Against Marketable Securities in which the customer pledges his investment in favour of lender and borrows funds to meet his financial and personal requirement without selling his investment.

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Q. What are the minimum and maximum loan amounts in Loan Against Shares?

A. Against Shares / Mutual Funds: Minimum amount is INR 2 lakh and maximum amount is INR 20 lakhs. Against Life Insurance Policies: Minimum amount is INR 25,000 and maximum amount is INR 20 lakhs. Against KVP/NSC (in Demat form): Minimum amount is INR 2 lakh and maximum amount is INR 5 crore

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Who can avail this loan?

  • Individuals

  • Self Employed / Businessmen

  • Professionals

  • Pvt Ltd cos / Partnership firms

  • Trust & Associations

What is the benefit of YES BANK’s Loan against Securities?

  • You pay interest only on actual amount used thanks to the overdraft facility, and get the benefit of a current account. 

  • Have an option to pledge a wide variety of securities, with best in class LTV’s of upto 85% of securities pledged

  • Anytime anywhere access

  • Auto renewal facility

  • No prepayment penalty

  • Quick application through Net Banking for existing YES BANK customers.

What are the features?

  • High Loan to Value: Up to 85% of security value

  • Easy Repayment: Interest charged only on the amount utilized – no EMI or post-dated cheques required

  • Loan based on the value of your securities: Pledge your securities in favor of YES BANK, get an overdraft facility of up to a certain value. 

  • Attractive Interest Rates

YES BANK Loan against Securities is provided only for personal purpose. The loan amount cannot be used for speculative activities, any purpose linked to capital market activities, or for any anti-social purposes. All credit provided is at the absolute discretion of YES BANK.

You are free to pledge shares from any Depository (NSDL or CDSL) and any Depository Participant across the country.

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