Loan Against Securities | Abhiloans

How to Apply for Loan

Step 01

Login

Visit Abhiloans.com and sign in using your mobile number that is mapped to the Aadhar card

Step 02

Upload KYC

Either Upload the KYC documents or fill a fresh form to start the lending process.

Step 03

Get a Loan

Mark a lien starting as low as Rs. 15,000 to avail a loan against mutual funds or shares.

Step 04

Quick Disbursement

Now wait and relax as your loan is disbursed into the account within 4 hours.

Loan Details & Charges

Minimum Loan Amount

₹15,000

Minimum Loan Period

Maximum Loan Amount

₹1,00,00,000

Maximum Loan Period

36 monthsRenewable

Maximum APR

18.86%

Fixed Processing Fees

2% (of loan amount) ot Rs. 1,000 (whichever is higher) + GST

Interest Rate

Starting at 0.67%/month - Interest will be due on 1st of every month and the same will be debited on 5th of every month from your Bank Account via NACH mandate.

Penal Interest Rate

2.00% P.M. for the default period

Minimum Withdrawal

₹1,000 However, there is no limit on the number of withdrawals. Amount

Collection Charges

Rs. 5,000 (in case of default)

Top Up/Security withdrawal Charges

NIL

Interest Rate

Starting 8% Per Annum Flat

Foreclosure Charges

NIL

Legal Charges

Rs. 5,000 (in case of default) NIL

Security Invocation Charges

NIL

Stamp Duty Charges

NIL

Annual Renewal Charges Rs. 999+GST Bounce Charges Rs. 500+GST

Sample

Loan amount: ₹100,000 at Fixed interest rate of 8% p.a. (Equivalent Reducing Interest Rate of 14.45%)

Loan Duration: 1 year

Total loan against securities interest = ₹7,999

Total Deductibles (PF + GST) = ₹2,360

In-Hand Amount: Loan Amount - Total Deductibles = ₹1,00,000 - ₹2,360 = ₹97,640

Total Repayable Amount (Loan Amount + Interest) = ₹1,07,999