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Loan Against Securities (LAS) Interest Rates & Charges
At SMFG India Credit, we offer competitive Loan Against Securities interest rates to help you unlock the value of your financial assets (shares, bonds, mutual funds, or ETFs) while keeping ownership intact. Our LAS interest rates are designed to be flexible and transparent, ensuring cost-effectiveness and ease of access for all eligible borrowers.
Currently, the interest rate on Loan Against Securities ranges from 9.5% to 16.00%* per annum (floating). These are linked to our Retail Prime Lending Rate (RPLR), which currently stands at 20.80%.
Whether you are evaluating the Loan Against Shares interest rate or exploring options backed by mutual funds or bonds, you can expect a highly competitive offering based on your profile and the value of your pledged securities.
Loan Against Securities Fees & Charges
Understanding the applicable costs beyond the LAS loan rate of interest helps in effective financial planning. Whether you’re applying for a Loan Against Shares, comparing Loan Against Mutual Funds interest rates, or reviewing the Loan Against Bonds rate of interest, awareness of associated fees and charges is key to making an informed decision. At SMFG India Credit, our charges are transparent and structured to provide a seamless borrowing experience.
Here are the applicable charges under our Loan Against Securities (LAS) facility:
|
Charge Type |
Amount |
|
Processing Fees |
Up to 3% of the loan amount |
|
Stamp Duty/Registration |
At applicable rates (as per relevant State Laws) |
|
Liquidation Charges* |
0.25% of the value of securities liquidated |
|
Cheque/ACH/ECS dishonoured Charges (per dishonour of cheque/ACH/ECS per presentation) Note: The Cheque/ECS/ACH/Direct Debit dishonour charges as referred to above are not compensatory and/or to be construed as any form of consideration towards the act of dishonour, and in no way should the same be construed as fees recovered under this facility. It is abundantly clarified that SMFG India Credit does not tolerate dishonour of instruments and/or deposit of an invalid, fake or unworthy instrument issued towards meeting payment obligations under this facility and any charges collected thereof are not intended to compound such acts of dishonour. Notwithstanding any charges collected hereof, SMFG India Credit reserves its right to invoke appropriate civil and criminal laws.) |
INR 500/- |
|
Pre Payment Charges |
Up to 2% of the ticket size/ loan cases above INR 50 lacs (only to be levied wherein the end-use is the business purpose) |
|
Late Payment Charges |
2% per month (24% per annum) on the overdue amount calculated on a day-to-day basis, payable from the relevant due date till the date of actual payment |
|
Loan Cancellation Charges |
Not Applicable |
|
Swap Charges – for replacement of ACH/ECS to ACH/ECS (per instance) |
INR 500/- |
*Applicable for Securities in demat form
Note:
- The above charges may be modified by SMFG India Credit without notice in case prescribed by any of the regulatory authorities and with due notice or intimation in any other scenarios through any of the communication processes mentioned in the Agreement.
- All the charges indicated above or elsewhere in the Facility Agreement shall be exclusive of all taxes and statutory levies as may be applicable from time to time on the same, without limitations to tax on goods and services and cess.
How to Apply for a Loan Against Securities (LAS)
Applying for a Loan Against Securities at SMFG India Credit is designed to be quick and seamless, giving you access to liquidity without having to sell your investments.
Here’s how to get started:
- Begin your application online by clicking here.
- Share your personal details along with the required information about the securities you wish to pledge.
- Once submitted, a reference number will be generated, and our representative will connect with you to guide you through the next steps.
Having accurate and up-to-date LAS documentation will help speed up both the application and approval process, while also improving your chances of qualifying for the loan at a competitive LAS interest rate.
Prefer an offline option? You can visit your nearest SMFG India Credit branch and speak directly with a customer care representative. For assistance, call us at 1800 419 8900 (available 9:00 AM to 7:00 PM, excluding Sundays, the 4th Saturday of the month, and public holidays), or write to us at [email protected].
Get a Hassle-Free Loan Against Securities in Just a Few Steps
Unlock the value of your investments without selling them – apply for a Loan Against Securities with SMFG India Credit and get access to funds in a few simple steps. Whether you’re pledging shares, mutual funds, or bonds, our fully digital application process is quick, efficient, and designed for your convenience.
Enjoy competitive Loan Against Securities interest rates, flexible withdrawal options, and interest charged only on the amount you use. With an attractive Loan-to-Value ratio of 50 to 85%* and the support of a dedicated Relationship Manager, SMFG India Credit ensures a smooth and stress-free borrowing experience tailored to your financial goals.
Check your eligibility for LAS and apply today to manage your liquidity requirements with complete confidence.
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* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.
FAQs on Loan Against Securities Interest Rate
What is the interest rate of a Loan Against Securities?
At SMFG India Credit, the interest rate on a Loan Against Securities ranges from 9.50% to 16.00%* p.a., depending on the type of security pledged and your borrower profile. These are floating rates linked to the SMFG India Credit Co. Ltd. Retail Prime Lending Rate.
How to get a Loan Against Securities at lower interest rates?
To avail a lower Loan Against Securities rate of interest, maintain a healthy credit score (minimum 600), pledge stable or high-quality securities, and keep your debt-to-income ratio ideally below 30%.
How does a Loan Against Securities compare to other loan options?
Loan Against Securities interest rates are generally lower than unsecured options, such as personal loans. Interest is typically charged only on the amount utilised, and the process involves minimal documentation since the loan is backed by liquid financial assets.
How much processing fee is charged on a Loan Against Securities?
SMFG India Credit charges a processing fee of up to 3% of the sanctioned loan amount.
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