Loan Against Securities
Interest Rates
At Abhiloans, we are dedicated to offering our valued customers rates and fees that are transparent and competitive. Allow us to present you with a comprehensive breakdown of the rates and fees associated with our loan products:
| Rate of Interest (Flat or Reducing) * | 8% to 24% Per Annum |
| Loan Tenure | 12 to 36 Months (Renewal Basis) |
| Loan Processing Fee | 2% of the Sanctioned Loan Amount or ₹ 1000 + GST (whichever is higher) |
| Installment Bouncing Charges | ₹ 500 + GST |
| Pre-closure Charges | Nil |
| Repayment Schedule | Nil |
| Pre-payment in Part or Full | Nil |
| Late payment/ Delay/Overdue interest charges | 2% Per Month on Overdue Amount |
| CIBIL Report Retrieval Fee | Nil |
| Legal Notice Legal Charges | Nil As Per Actuals |
| No Due Certificate (NDC)/No Objection Certificate (NOC) Duplicate NOC Pledge Creation Fees | Nil Nil Nil |
| De-Pledge Fees | Nil |
| Commitment Charges / Non-Utilization Fee (Applicable for Overdraft Facility) Cheques/ACH swapping | Nil Nil ₹ 500 + GST |
| Non-Registration of NACH | ₹ 1500 + GST Every Month |
| e-NACH cancellation without enabling alternative e-NACH | ₹ 1500 + GST Every Month |
We firmly believe in upholding transparency when it comes to our rates and fees. To ensure that you have the most accurate and up-to-date information on rates and fees that align with your specific loan requirements, we recommend contacting our customer service team.
FAQs on Rates & Charges
Most frequent questions and answers
When obtaining a loan against your securities, it’s important to note that the interest on the loan is typically charged on a monthly basis. To calculate the interest amount, the lender typically applies the agreed-upon interest rate to the remaining outstanding loan balance.
For the loan amount, our processing fees are determined based on two options: either 2.36% of the loan or a flat fee of Rs. 1180, depending on which amount is higher. These processing fees include all applicable taxes, ensuring a comprehensive coverage of charges associated with the loan processing. We aim to provide transparency and convenience by consolidating all fees, including taxes, into the processing fees structure.
Rest assured, the interest rate for your loan remains fixed and unchanged throughout the entire duration of the loan. You can have peace of mind knowing that there will be no fluctuations or adjustments to the interest rate over time. This provides stability and predictability in managing your loan repayments.
At Abhiloans, we value customer flexibility and believe in empowering our borrowers to manage their loans efficiently. Hence, we do not enforce any prepayment charges or penalties on borrowers who opt to repay their loans ahead of schedule. We understand the importance of financial freedom and aim to support our customers by eliminating any additional financial burdens associated with early repayment.
Apart from the interest rate and processing fees, we assure you that there are no hidden or additional charges associated with loans against shares at our institution. We encourage you to visit our Schedule of Charges page for a comprehensive breakdown of all applicable fees. This will provide you with a clear understanding of the costs involved, allowing you to make informed decisions throughout the loan process.
Yes, you can still receive dividends or interest on the pledged securities even after they have been pledged as collateral for a loan. Pledging the securities does not affect your entitlement to any dividends or interest payments associated with them. You will continue to receive the applicable returns on your pledged securities as per the terms and conditions set by the issuer.