Loan Against Securities (LAS) - Benefits

Loan Against Securities
  • Corporate Action benefits like bonus, dividend etc continue to accrue to the borrower.
  • Any appreciation in the value of the Securities given as margin would automatically allow enhancement in drawing power.
  • Interest will be calculated on the amount utilized & the actual period for which it is utilized.
  • Clients can view their financial statement and holdings online.
Risk Monitoring System

In case of shortfall in the margin the client has to follow the prescribed norms and replenish the short margin or else the shares would be liquidated to the extent of the shortfall.

Documents Requirement
  • Client has to open a bank account and Demat account with Nirmal Bang Securities Pvt Ltd both under POA with us.
  • Trading account should be opened with Nirmal Bang Securities Pvt. Ltd.
  • Loan agreement to be duly filled up and signed therein.
  • 2 Copies of PAN card
  • 2 Copies of Address Proof
  • Two passport sized photographs
  • Copy of latest two years ITRs
  • Two Undated dated cheques, one for principal & other for interest in the name of Nirmal Bang Financial Services Pvt Ltd
  • Cheque of Rs.590/- towards the loan documentation charges (including GST)
  • Cheque of Rs 10000/- in favour of bank as minimum balance, this cheque will be credited in client’s name in bank a/c only.
  • Bank statement with last 6 months transaction.
  • Vernacular Declaration

All documents as mentioned in point no 1 to 12 in case of individual are required. Additional documents to be collected, in case of corporate clients:

  • Copy of annual report of last two years
  • Memorandum and article of association
  • List of directors with their specimen signature
  • Two photographs of all the directors.
  • Share holding pattern till base level
  • Board resolution on letter head of the company (authorizing for Borrow and to give above POA)
Kindly note
  • All documents should be self attested
  • All Photographs and signatures should match with the proof given
  • Additional documents need to be submitted in case of any discrepancy is noticed.
Grievance Redressal officer

1. In case of any complaints / grievances the customer may contact the Complaint Redressal Official at the below contact details:

2. If the complaints /dispute is not redressed within a period of one month, the customer may appeal to the Officer-in- Charge of the Regional Office of Reserve Bank of India under whose jurisdiction our company is registered at the below mentioned address::

Regional Office :-
Department of Non-Banking Supervision,
Reserve Bank of India Building, 3rd Floor,
Opp. Mumbai Central Railway Station,
Byculla, Mumbai – 400 008
To know in detail about Loan Against Securities (LAS) :-
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