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Against your existing shares, debentures, bonds or mutual funds, Saraswat Bank grants loan up to maximum of Rs. 10 Lakh.

Eligibility:

  1. Individuals who are not connected with any Stock Broking firm or activity.

Limit of Loan:

  1. Maximum Rs. 10.00 lakh in case of securities in Demat form.
  2. Maximum Rs. 5.00 lakh in case of securities in physical form.

Basis of Advance:

  1. 50% of the market value of securities. (as per approved list)
  2. Loan can be granted against shares in demat form only

Repayment Period:

  1. Overdraft facility subject to review every year

Rate of Interest:

  1. Floating : 09.00% p.a. 
  2. Present PLR: 14.75% p.a. (w.e.f 15.6.2022)

Security:

  1. Pledge of shares/securities
  2. Minimum 2 scrips, no single scrip can exceed 50% of the current market value of the portfolio and the same can be extended to a Maximum of 75% only in the case of A group companies.

Processing Fees:

  1. Rs. 1000/-

Shareholding:

  1. As per extant shareholding norms

Documentation:

  1. Duly filled prescribed application form.
  2. Latest Photograph, Photo Identity & Residence Proof of the Applicant & Guarantor.
  3. Declaration from borrower not being connected to any stock broking activity/firm.

Conditions Apply*