How to Get an Instant Loan Against Securities From SMFG India Credit

Published on May 20, 2022Updated on Oct 14, 2026

How to Get an Instant Loan Against Securities From SMFG India Credit

Availing a loan against securities gives you, the borrower, the advantage to use your existing financial assets  to avail a loan. You can pledge shares, mutual funds, bonds, etc to get a line of credit. There are many factors that need to be taken under consideration which can impact the decision to avail a loan like market conditions, investment goals and risk appetite. 

It is important to select the right investments for security by keeping it as a healthy mix of investments from your portfolio. When an urgent requirement for money comes up unexpectedly, instead of liquidating your investments, you can take the better option to avail a loan against your securities. This is the simplest, most convenient, and immediate way to get finances and the loan amount can go from INR 5 lakhs up to INR 5 crores at attractive rates of interest. The below table mentions the charges and fees for loan against securities: 

Charges

Amount

Processing fee

3% of loan amount

Delayed EMI payment

24% per annum on outstanding which is calculated on day to day basis

Liquidation charges

0.25% of value of securities liquidated

Pledge creation

Rs. 50 per security

Stamp Duty

At applicable rates

Annual Maintenance

Rs. 1000 per crore of sanctioned amount

Payment charger

Nil for overdraft facility

By availing a loan against securities, you do not miss out on market gains and your assets may continue to grow. You can simply apply for the facility online to save time. 

Follow the steps given below:

  1. Click on the “Apply now” button on this page and select  LAS (Loan Against Securities)
  2. Provide your basic details such as name, email ID, mobile number, PAN, name & nature of the assets you wish to pledge, their current value, etc. 
  3. Depending on your eligibility, our representative will get in touch with you to take your application ahead.
  4. After successful verification checks, document evaluation and execution of agreement, you may be provided with a limit against which you can drawdown the amount you need depending on your current requirement.
  5. To make a drawdown against your limit, simply call your dedicated relationship manager or our toll free number 18001036001 (9:00 AM to 7:00 PM on all days except Sundays, public holidays and 4th Saturday of the month) 
  6. After due process, your account will be credited with the amount.
  7. Interest will only be applied on the drawdown amount for the number of days utilized.   

Basic Eligibility Criteria for a Loan Against Securities

  1. You need to be a citizen of India, between the age 21 to 70 years 
  2. You must have a minimum CIBIL Score of 650 or above, with a good credit history. 
  3. You can be an entrepreneur or a salaried person to apply for this loan with a stable source of income. 
  4. You need to have securities worth at least INR 10 lakhs in line with our acceptability criteria. 
  5. You need to have all the requisite documentation

Benefits of SMFG India Credit’s Loan Against Securities

  1. Wide range of Securities: At SMFG India Credit, we have one of the widest range of securities against which eligible borrowers may be offered a limit. Depending on the nature of the securities pledged, one can get an LTV of upto 50% to 85% of the value of the pledged securities. 
  2. Excellent Service: We provide our customers with  a dedicated Relationship Manager who will assist and cater to their requirements. 
  3. Attractive Interest Rates: We offer competitive interest rates depending on the borrower’s eligibility and our policy

Documents Required for a Loan Against Securities

While applying for this facility, you will need to submit some documentation. Here is a basic list. Please note that additional documents may be requested depending on whether the applicant is an individual / entity, and our policy at the time of loan application. 

  1. PAN card
  2. Address proof (residence and business as applicable)
  3. Bank statements
  4. Income Proof
  5. Demat Account proof
  6. Documents pertaining to ownership and value of pledged securities

Some salient features of availing a loan against securities are mentioned below:

  1. Competitive Interest Rates
  2. Pay interest only on the amount spent
  3. Flexible loan repayment options 
  4. Fast and seamless process
  5. Multiple options of securities to avail loan from. 
  6. OD and LOC Facility

Loans against securities are secured loans and have a higher possible chance of getting sanctioned. It is one of the most attractive loan availing facilities in the country. It is important to do your research and choose a reputed, trusted lender who offers excellent service and whose required eligibility criteria match your profile. It is important to have clarity on your financial goals and do a detailed study on features and benefits that availing a loan against securities brings you as it needs to compliment your investment goals.

About the Author

SMFG India Credit is a trusted NBFC providing financial solutions across India. Our Knowledge Center delivers useful, reader-friendly content on loans, credit, and personal finance to help you make informed financial decisions.

Important Note: This article is for general informational purposes only and may be subject to change from time to time. As product features, eligibility criteria, interest rates, charges, fees, tenures and other terms may be revised as per SMFG India Credit's policies, readers are advised to refer to the latest details from the respective product pages (please select from the top menu). For the latest loan charges, please visit Charges & Fees Link and for the latest Interest rates, please visit Interest Rate Rationale. Please note that final loan terms, disbursement process and eligibility criteria will depend on SMFG India Credit's policies at the time of loan application.

The content of this article is for information purposes only and does not constitute as, an offer or advise to avail any products or services from, or, a commitment to grant any loan by the company. It is not intended to create any rights or obligations against us. All content is provided "as is" without any warranty of any kind, either express or implied & we disclaim any warranty or representation, whatsoever, in regards to the content. Please refer to the Privacy Policy of the company to understand the use, processing and storage of your personal data.

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