Money & Banking

Tata Capital launches digital loan against shares facility

BL Mumbai Bureau | Updated on: May 23, 2022

Businessman giving money, Indian rupee currency, to his partner - payment, loan and bribery concept | Photo Credit: Kritchanut

Customers can avail of loans up to Rs 5 crore by pledging their dematerialised shares online

Tata Capital on Monday launched the Loan Against Shares (LAS) facility.

“Customers can avail of loans up to Rs 5 crore by pledging their dematerialised shares online, which is facilitated by NSDL,” Tata Capital said in a statement, adding that the entire process is completed in a single day, after getting the required approvals from the respective Depository Participant.

The loan amount is customised based on the value of shares in the portfolio of the customer, it said.

Tata Capital recently launched the ‘Loans against Mutual Funds’ facility, which has gained traction with customers.

Published on May 23, 2022
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