Loan Against Shares
Interest Rates
At Abhiloans, we are committed to offering our valued customers rates and fees that are both transparent and competitive. Here is an overview of the rates and fees applicable to 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 prioritize transparency when it comes to our rates and fees. For the most accurate and up-to-date information on rates and fees tailored to your specific loan needs, we suggest contacting our customer service team or visiting our website.
FAQs on Rates & Charges
Most frequent questions and answers
Typically, when you borrow against your share, the interest on the loan is accrued and charged monthly. For reducing interest rate, the lender determines the interest amount by applying the interest rate to the remaining balance of the loan.
Our processing fees for the loan amount are either 2.36% of the loan or a flat fee of Rs. 1180, depending on which amount is higher. The processing fees cover all applicable taxes as well.
No, the interest rate remains unchanged throughout the entire duration of the loan.
No, Abhiloans does not impose any prepayment charges or penalties on borrowers who choose to repay their loans ahead of schedule. We believe in providing our customers with the flexibility to manage their loans without any additional financial burden.
In addition to the interest rate and processing fees, we want to assure you that there are no hidden or extra charges associated with loans against shares. We believe in transparency and encourage you to refer to our Schedule of Charges page for a detailed breakdown of all applicable fees.