One Knows that MONEY is always in short supply! Liquidating your portfolio before maturity to meet your short term needs might not be a good idea but leveraging your portfolio might be one. So now don’t fragment your future ploy.
Peerless Finance offers Loan against Marketable Securities where you can pledge your investments to meet short term obligations. Peerless also provides Advance against Marketable Securities which is an overdraft facility against marketable securities.
Interest Rate Starting from 10.00 % p.a.
Auto Renewal Facility Available
Loan up to 50%* of security value (Upto Rs.1 Cr)
*(Higher for Debt Products)
No Pre-Payment Penalty if prepaid anytime
Various options to pledge ranging from Mutual Funds to Insurance Policies
Benefit of securities remains with the borrower
Minimum 24 years - Maximum 70 years.
Salaried, Professionals, Self Employed Individuals along with other entities viz Partnership,Limited Liability Partnership, Private/Public Limited Co. Trusts & Clubs.
A ‘Resident Indian’ of minimum 1 Year at current residence including rental arrangements, if any.
Address proof: A copy of the passport, the driving licence, proof of possession of Aadhaar number as issued by UIDAI, the Voter's Identity Card issued by the Election Commission of India (if address proof, as stated above does not have updated address then, utility bill / municipal tax receipt etc.)
Copy of Pan card
3 Months Pay-Slip (for Salaried Class); Form 16A / 2Yrs ITR
6 Months Bank Statement
Demat Statement/ Mutual Fund holding Statement
One Recent Photograph
KYC of the partners/ directors
Copy of Partnership deed / MOA & AOA
6 Months Bank Statement of the firm/ Co
Demat Statement/ Mutual Fund holding Statement of the firm/ Co
2 years Audited financials of the firm/ Co
Rate of Interest will range between 10%-15%.
You can apply either through our website or can directly contact us at 033 4062 2525 and our executive will take you through from here.
Yes, it mandatory to pledge your financial security.
Pan card, Address proof, Demat Statement and Financial Documents
You can apply for any amount maximum Rs. 1 Cr.
Your tenure will range between 6 to 60 months.
Yes you can apply with a low CIBIL Score but the sanction of the same will depend on the ability of repayment. However, you have an option to take a join loan with your immediate family member.
Generally it takes around 4to 5 working days for the completion of the process.
Equity shares, mutual fund units (except ELSS and FMPs), government bonds are mostly accepted as collateral. Peerless Finance has an approved list of shares which can be pledged against a loan.
Loan to valuation is the amount of loan sanctioned vis-a vis the valuation of the security. However, LTV is 50% in case of equity shares and equity mutual funds; 80% in case of debt mutual funds and bonds.
If the valuation goes down, the borrower will be asked for fresh securities/ cash to replenish the margin. If within 3 working days the borrower fails to provide with additional securities then the company reserves the right to sell the security and recover the margin shortfall.
Yes, you can apply for the top up facility after six months of your existing loan.
Your repayment options include convenient modes like EMI or Quarterly Instalments through NACH mandates, Post-dated cheques, Bank Transfers etc.
Yes, there are processing fees, documentation and other charges as per Peerless Finance Pricing policy.
Flexible and Customisable
Zero Pre-closure Charges
Collateral Free Loans
(Unsecured Personal Loans)
Experience hassle free check off/ NACH facility