Loan up to 50% of share value | 1100 + approved shares | No selling of shares.
Loan Against Shares (LAS) is a convenient and paperless option for individuals who hold shares in dematerialized form. Instead of selling your shares, you can pledge them as collateral and obtain a loan ranging from ₹25,000 to ₹5 crore.
This loan is provided in the form of an overdraft (OD) account, allowing you to access funds for various personal needs or unforeseen expenses. LAS offers a hassle-free process and attractive interest rates, enabling you to leverage your shares and securities for significant loan amounts. Additionally, you may also be eligible for a loan against your Mutual Fund units.
Anyone can apply for our loan against shares online, as long as they meet the four basic criteria mentioned below. Also, keep a few documents handy while applying for Loan against shares.
Once your application form is submitted, our representative will get in touch with your further proceedings. The final loan amount shall be calculated basis the eﬀective pledge marked on the shares and the price of the shares.
Disbursement shall be done post successfully verification & pledging.
|Type Of Fee||Applicable Charges|
|Rate Of Interest (ROI)||Up to 20% p.a.|
|Processing Fees||Up to 4.72% of the loan amount (Inclusive of applicable taxes).|
|Part-Prepayment Charges||Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.|
|Annual Maintenance Charges||Not applicable.|
|Bounce Charges||Rs. 1,200 per bounce.|
|Penal Interest||Any delay in payment of monthly installment shall attract penal interest at the rate of 3% per month on the monthly installment outstanding, from the date of default until the receipt of monthly installment.|
|Stamp Duty||Payable as per state laws and deducted upfront from loan amount.|
|Brokerage charges *||As applicable.|
|DP Charges **||As applicable.|
|Foreclosure Charges||Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment.|
|Pledge Confirmation Charges *||As applicable.|
|Pledge Innovation Charges *||As applicable.|
|Demat Share Transfer Charges (Post Invocation)||0.024% + flat Rs. 5.9/- (inclusive of applicable taxes) or Rs. 64.9/- whichever is higher.|
The loan against shares facility available through the Cashdash app/ web is only applicable for salaried and self- employed customers, to get a loan of up to Rs. 5 crore. We also provide loans against shares up to Rs. 1000 crore to Corporates/ HUF/ LLP/ Partnership/ Trust/ Sole Proprietorship. For this you can reach us at info@Cashdash.in.
The actual amounts sanctioned would depend upon the credit profile of the applicants, the value of shares pledged etc.
The loan-to-value currently offered against shares are up to 50% of share value. Please note that the above are subject to change depending upon the applicable regulations and internal policies of Cashdash.
The tenure of the loan is up to 36 months. Any renewal of the loan/ facility shall be at the sole discretion of Cashdash.
Yes, it is possible. You may make a part-prepayment or foreclose the entire loan before the end of the tenure. Cashdash levies Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment pre-payment and Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment. foreclosure charges.
Yes, you can swap/ change the shares during the tenure of the loan. Swapping would be allowed within the approved shares list of Cashdash.
No. The interest is charged only on the loan amount that you have drawn down or the outstanding loan amount.
The interest cycle is calculated from the 7th day of each calendar month to the 6th day of the succeeding month. Interest due towards a loan against shares is generated on the 7th of every month.
Opening a loan against shares account through the Cashdash with respect to individual Borrowers and which is subject to successful KYC completion.
For easy and smooth onboarding, we recommend keeping the below documents handy:
Proof of Identity and Address (Aadhaar, Passport, Driving Licence, Voter ID etc.)
Demat holding statement
Post successful execution of agreement and additional documents as required by Cashdash, and creation of pledge of shares, the loan amount will be disbursed to your registered bank account within minimal time.
50% LTV is always required to be maintained for loan against shares facility. LTV is subject to changes on account of Regulatory Changes. Any shortfall in the maintenance of the 50% LTV occurring on account of movement in the share prices shall be made good within 7 business days.
Further, in case the Loan to Value falls more than 85% then Cashdash will go ahead with the liquidation of shares with an intimation to the Borrower.
You can release shares, provided you are not in shortfall and have excess withdrawable funds available. The request will be processed within minimal time post-verification.
To avail loan against shares, an individual should be between 18 years to 65 years of age.
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