About

Leverage your investments in shares for loans to meet unforeseen expenses!! Avail of loans up to Rs.20.00 lacs against your shares to enable you to meet contingencies, personal needs or even for subscribing to rights or new issue of shares.

Features

Eligibility
This facility is available to our existing individual customers enjoying a past satisfactory relationship with SBI and maintaining their DEMAT Account with SBI Cap Sec. It is offered as an Overdraft or Demand Loan. Loan can only be availed in single name.NRIs are currently not eligible for this loan

Purpose
For meeting contingencies and needs of personal nature. Loan will be permitted for subscribing to rights or new issue of shares against the security of existing shares. Loan will not be sanctioned for (i) speculative purposes {ii) inter-corporate investments or (iii) acquiring controlling interest in company / companies

Loan Amount

Repayment Schedule

Nature of Loan
Overdraft Loan

Margin
You will need to provide a margin amount of 50% of the prevailing market prices of the shares being offered as security.

Security

Pledge of the demat shares against which loan is sanctioned.

Fees

Processing Fees
0.75% of the loan amount with minimum of Rs.1000 + GST.

Review Charges
Rs.1000 + Applicable GST (Applicable only for Overdraft A/C)

Interest Rates
Please refer the interest rate page

Account Keeping Charges: Rs.550 + GST
Account Keeping Charges are applicable for Overdraft Facility.