Loan Against Securities Rates and Charges
Loans against Securities comes to you at attractive interest rates generally ranging from 12%-18%, which are based on the trends prevailing in the market at the time of the loan. The rates may vary according to the product-variant.
Given below is the list of fees and charges applicable on availing loan against securities:
| Particulars | Charges |
|---|---|
| Loan Processing charge | 0.25%** to 1% |
| Renewal charge | As per prevailing rates |
| Pre-payment charge | Nil |
| Penal interest | 2% p.m.+ applicable taxes or other statutory levies, if any |
| Sale of security in the event of default | The brokerage and other charges as per actual |
| Cheque return charge | Rs. 500 per instance |
Note: **GST and other Government taxes, levies, etc. applicable as per the prevailing rates will be charged in addition to these charges.