TATA Capital is a flagship financial services provider, established in 2007. It is widely known for offering varied investment services such as loan against securities, infrastructure finance and many more, with attractive benefits. This NBFC is headquartered in Mumbai and has more than 100 branches located all over India.
In this blog, you will get a comprehensive idea about TATA Capital loan against securities.
What Is Tata Capital Loan Against Securities?
TATA Capital offers loan against securities like mutual funds and shares, allowing you to apply for financial assistance in the event of emergencies. With TATA Capital loan against securities, you will enjoy varied advantages which unleash the maximum potential of your investment. You can easily get instant liquidity by pledging your equity shares, bonds, debt securities, etc.
Tata Capital Loan Against Securities Interest Rates
Tata Capital loan against securities interest rates vary based on the lending rates and the type of security used to apply for LAS. Besides, the rate also depends on the discretion of the bank.
How to Apply for a TATA Capital Loan Against Securities?
TATA Capital allows its customers to apply through both online and offline modes. In case an individual is unable to finish their application process, the representative of the NBFC will connect with you over a call for assistance. Read below to learn the offline steps on how to apply for LAS.
- Step 1: Visit your nearest branch of TATA Capital.
- Step 3: Collect the LAS application form.
- Step 4: Carefully fill in all the required details.
- Step 5: Attach all the required documents to the duly filled form and submit it.
That’s it!
Features and Benefits of TATA Capital Loan Against Securities
Go through the below-listed pointers to know about the advantages you may get by opting for a loan against securities TATA Capital.
- This loan facility will be approved in the form of an overdraft facility.
- You can also avail the LAS for approved scrips to the extent of up to 50% to 70% of the market value.
- Without any additional fee, one can swap the securities based on your stock market assessment.
- TATA Capital does not levy any penalty fee for doing prepayment and opting for foreclosure.
- The paperless and digital account opening facility acts as a major benefit of LAS.
- This NBFC offers quicker LAS approvals as they understand their customer’s financial emergencies.
- You will also get flexible payment options with their LAS.
- TATA Capital offers high loan amounts up to ₹40 crores.
Eligibility Criteria of TATA Capital Loan Against Securities
TATA Capital loan against securities is offered based on certain eligibility criteria. Scroll down and look into the list of eligibility criteria you need to meet for getting LAS.
- Individuals within the age limit of 18 to 65 years
- Salaried individuals
- Self-employed individuals
- Companies
- Organisations
- Proprietorship
- HUFs
- Trust
Documents Required For TATA Capital Loan Against Securities
Kindly go through the below-listed documents required for applying for a TATA capital loan against securities.
1. Documents Required For Individual
- PAN Card (Original + photocopy)
- Self-attested copies of ID and Address Proof (Aadhaar Card / Passport / Driving Licence/ Voter ID)
- Banker sign verification (self-attested)
2. Documents Required For Proprietorship
- Self-attested copies of ID and Address Proof (Aadhaar Card / Passport / Driving Licence/ Voter ID)
- PAN card (self-attested)
- Banker sign verification (self-attested)
- Registration Certificate
- Certificate/Licence issued by the Municipal authorities under Shop & Establishment Act
- CST/VAT/GST Certificates
- Complete Income Tax Return in the name of the sole proprietor with Firm Income
- Sales and Income tax returns
3. Documents Required For Partnership/LLP
- Self-attested copies of ID and Address Proof (Aadhaar Card / Passport / Driving Licence/ Voter ID)
- PAN card (self-attested)
- Banker sign verification (self-attested)
- Partnership Deed
- Registration Certificate (only in case of registered Partnership Firms)
- PAN of the partnership firm
- LLP Resolution (if LLP)
- Authority Letter from Partners
4. Documents Required For Companies
- Self-attested copies of ID and Address Proof (Aadhaar Card / Passport / Driving Licence/ Voter ID)
- PAN card (self-attested)
- Banker sign verification (self-attested)
- Certificate of Incorporation
- Memorandum & Articles of Association
- PAN of the Company
- Board Resolution
5. Documents Required For Trust
- Self-attested copies of ID and Address Proof (Aadhaar Card / Passport / Driving Licence / Voter ID)
- PAN card (self-attested)
- Banker sign verification (self-attested)
- Registration Certificate
- Trust Deed
- PAN card of Trust
- Trust Resolution
6. Documents Required For HUF (Hindu Undivided Families)
- Self-attested copies of ID and Address Proof (Aadhaar Card / Passport / Driving Licence / Voter ID)
- PAN card (self-attested)
- Banker sign verification (self-attested)
- Hindu Undivided Family Letter (Annexure 2) signed by All Coparceners
- PAN Card of HUF
- Account Statement of HUF as an address proof
- CA Certified Letter confirming all Coparceners
- HUF Authorisation letter signed by all Coparceners
What Are The Terms & Conditions For TATA Capital Loan Against Securities?
Below are some of the terms and conditions for a loan against securities TATA Capital:
- The NBFC will charge a processing fee on your loan against securities.
- In case of late EMI payments, TATA Capital will charge a penal interest on your LAS.
- If your EMI gets bounced, you will be charged ₹2,000 as a bounce charge.
- TATA Capital levies a swap charge of ₹550 plus GST in case you want to change the payment mode.
- One will be charged 0.35% of sales consideration plus brokerage and charges in case of selling pledged securities.
- TATA Capital deducts ₹1,000 or 0.25% of the loaned money, whichever is higher, as a CCOD annual maintenance charge.
Final Word
Now that you have a detailed overview of the TATA Capital loan against securities, you can easily apply. With TATA Capital, you will get a competitive rate of interest as per the type of your securities. TATA Capital provides flexible payment options, making it easy for you to repay the borrowed amount along with the applicable interest.
FAQs
An individual can pledge their securities or those of their blood relatives such as sister, brother, father, mother, and spouse only. Remember, the relative has to be above 18 years of age.
Yes, all of an individual’s shares should be in a demat form to avail loan against securities from TATA Capital. However, in the case of mutual funds, both Demat and physical form is acceptable.
No, TATA Capital does not require any personal guarantor at the time of applying for an LAS.
As per your securities, the loan amount can range from ₹75,000 to ₹40 crores.
TATA Capital will open an OD (Overdraft) account where they will disburse the sanctioned loan money.
To calculate the total loan amount sanctioned, you can access the online Loan against Securities calculator available on the official website of TATA Capital.
| Loan Against Securities 2024 | |
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| ICICI Bank Loan Against Securities | Tata Capital Loan Against Securities |
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Disclaimer
This article is solely for educational purposes. Stable Money doesn't take any responsibility for the information or claims made in the blog.
