Home Loan Against Securities Documents Required for Loan against Securities Process and Documents Required For your assistance, we have listed down the required documents below: KYC documents as per RBI guidelines (address and ID proof) Bank statements Latest audited financial statements and ITR Pledged security details FAQs How do I repay the loan? You can repay the loan at any point of time during the loan tenure by repaying the due interest and principal loan amount through RTGS/ NEFT/ cheque. Was this helpful? If a customer does not have demat account with IIFL, can he/she still avail a loan against shares from IIFL? Yes. You can pledge shares held with any depository participant in NSDL or CDSL Was this helpful? If i am holding shares on my company’s name or name of my spouse, children or parents; can i avail loan against them? Yes, a customer can avail a loan by pledging third party shares post fulfillment of the relevant documentation requirement. Was this helpful? Can a customer release pledged shares/ securities partly? Yes. A customer can release the same after repaying the loan amount to the effect that the margin is maintained as per the requirement. Was this helpful? Is it compulsory for my securities to only be in the demat form? Yes, all the shares must be in the demat form only. Mutual fund units can be in demat or in physical form. Was this helpful? How will the disbursement take place? An overdraft account will be set up with IIFL Finance Ltd. This account will have a certain drawing limit, which you can utilize as and when required. Drawing limit depends upon the quality and quantity of the security units pledged by you. Was this helpful? How frequently do you revalue my portfolio? The portfolio will be revalued daily. However, in case of a sharp fall in market prices, an interim revaluation may happen any time. Was this helpful? How long does it take for IIFL to sanction the loan? The actual time taken to sanction and process the loan depends on the time taken to establish the creditworthiness of the borrower. Was this helpful? Does the ownership of shares get transferred when I pledge the shares with you? No, the ownership of the shares is retained by the customer. Was this helpful? What is the approved list of securities? This is the list of shares/ securities approved by IIFL Finance Ltd against which a loan can be availed, subject to predefined hair cut or margin. Was this helpful?