Loan Against Securities

Service Charges

Interest is charged only on the amount drawn and for the period for which it is utilized. Interest is calculated on a daily basis and debited to your current account on the last day of every month. The amount debited has to be paid back by you into the current account to regularize it. Stamp duty varies from state to state.

Description of ChargesLoan Against Securities
Non Refundable Loan Processing charge CALAS Cases : Rs. 3500 plus applicable service tax. CARLB Cases : 0.25% of the loan amount subject to a minimum of Rs. 5000 plus applicable service tax
Non Refundable Renewal charge Rs. 2500/- p.a. plus service tax on renewal at the end of each year.
Pre-payment charge Nil
Solvency certificate
Penal interest on amount drawn in excess of the drawing power Applicable Rate + 6% + applicable taxes or other statutory levies, if any
Sale of security in the event of default The brokerage and other charges as per actuals
Charge for changing from fixed rate of interest to floating rate of interest N.A.
Charges for changing from floating rate of interest to fixed rate of interest N.A.
Cheque Swap charge N.A.
Document Retrieval charge N.A.
Cheque return charge Rs. 250 per instance
Charges for Interim Valuation Report (IVR) Rs 50/- per IVR


Service Tax and other Government taxes, levies, etc. applicable as per the prevailing rates will be charged in addition to these charges.


Bank lending rate range: Q1 FY 16-17 (1st April 2016 to 30th June 2016)

Type of credit facilityMaximumMinimumMean
Loan Against Securities 12.25% 9.20% 10.97%



  • The range of interest rate provided above is for individual Loan Against Security accounts opened during Q1 FY 2017
  • It includes various categories like fixed rate, floating rate and customer profile
  • The mean rate of interest is computed basis sum of each rate of interest charged/sum of the number of accounts opened

Annual Percentage Rate

The Annual percentage rate calculator is provided to compute annualised credit cost which includes interest and processing fees.


Net interest which will be displayed will be based on inputs.


The APR does not include penal interest, stamp duty where ever applicable.


To calculate the same, please click here to download the APR calculator.