Indus Demat Cash Scheme
IndusInd Bank offers you a loan against your investments to reap maximum rewards.
Loan against Shares is eligible only for the following categories:
Personal Purposes: For meeting personal expenses like for marriage, housing, education, medical etc.
Business Purposes: For meeting financial requirements for your professional or business purposes other than operations on stock markets
Minimum INR 1 lakh, maximum INR.20 lakh
Equity shares of the companies on the approved list of the bank held in demat form
40% of the value of shares for approved stocks only
Value of Shares
At the current market price
Period of Loan
For 12 months may be renewed on request, at bank's discretion
Fees & Charges
2% over the applicable rate in case of irregularity or overdue in the account
If the shortfall in the account is not rectified either by payment of funds or by pledging additional shares the bank may at its discretion sell the shares for recovery of its dues wholly or partly, without any notice
You can apply for Loan Against Shares online. Click on the Apply Now button on this page, fill in your details and submit it. We will get back to you for further process. Alternately, you can visit a branch and submit the Loan application form.
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