Loan Against Shares

    Indus Demat Cash Scheme

    The loan is given for any of the purposes broadly categorized as under :

    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

Features & Benefits

    Loan Amount
    • Minimum Rs. 1 lac, Maximum Rs.20 lacs

    Security
    • Equity Shares of the Companies on the approved list of the Bank held in demat form.

    Margin
    • 40% of the value of shares for approved Stocks only.

    Value of Shares
    • Current Market Price

    Period of Loan
    • For 12 months. May be renewed on request, at Bank's discretion

    Conditions:
    • Current Account to be opened with the Bank for availing the OD facility
    • Depository Account to be opened with the Bank for holding the Demat shares.
    • Only Demat shares from the Banks' approved list will be accepted as security. However shares held with other Depository Participants may also be accepted as security.
    • If the value of shares pledged falls and after deduction of margin amount the residual value is not adequate to cover the outstanding in the loan account, the amount of shortfall should be paid or additional shares of adequate value should be pledged within 24 hours.

    Penal Interest  
    • 2% over the applicable rate in case of irregularity or overdue in the account.

    Default
    • 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.

Eligibility

    • Adult Individuals

Documentation

    • Simple Documentation.
    • Need to sign agreement
    • Proof of identity
    • Proof of address


What Next

Apply Online

Fill in the details & our representative will contact you.

> Apply Now

For further details

Email:
reachus@indusind.com
Call:  BSNL & MTNL subscribers: 1800 22 0061                   Other subscribers:            1800 209 0061 / 022 44066666

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