LOANS AGAINST DEBENTURES

About

Leverage your investments in debentures, public sector bonds and Government securities for loans to meet unforeseen expenses!! You need not miss out on the next stock market boom!!

Avail of loans up to Rs.20.00 lacs against your debentures to enable you to meet contingencies, personal needs or even for subscribing to rights or new issue of shares.

Features
Eligibility

This facility is available to our existing individual customers enjoying a strong relationship with SBI. This loan could be availed either singly or as a joint account with spouse in 'Either or Survivor'/ 'Former or Survivor' mode. It is offered as an Overdraft or Demand Loan.

Purpose

For meeting contingencies and needs of personal nature. Loan will be permitted for subscribing to rights or new issue of debentures against the security of debentures. Loan will not be sanctioned for (i) speculative purposes (ii) inter-corporate investments or (iii) acquiring controlling interest in company / companies.

Loan Amount

You can avail of loans up to Rs 20.00 lacs against your debentures.

Repayment Schedule

To be liquidated in maximum period of 30 months through a suitable reducing DP programme.

In case of a default or if the outstanding is over Rs.20.00 lacs, the debentures will be transferred in the name of the Bank.

Nature of Loan

Overdraft / Demand Loan with the Repayment programme maximum 30 months

Margin

You will need to provide a margin amount of 50% of the prevailing market prices of the non-convertible debentures being offered as security.

Security

Pledge of the debentures against which loan is sanctioned.

Coverage

Scheme is available at select branches at 50 centers.

Fees

Processing Fees : Nil

Interest Rates

Refer to the Interest Rate page


List of Identified Centers

1.

Ahmedabad

Baroda

Surat

Gandhinagar

Rajkot

2.

Bangalore

Mysore

 

 

 

3.

Bhopal

Indore

Jabalpur

Raipur

Gwalior

4.

Bhubaneswar

Cuttack

Sambalpur

 

 

5.

Chandigarh

Jallandhar

Ludhiana

Amritsar

 

6.

Chennai

Coimbatore

Tirupur

 

 

7.

Guwahati

Shillong

 

 

 

8.

Hyderabad

Visakhapatnam

Karimnagar

Tirupati

 

9.

Kolkatta

Siliguri

Asansol (Bardhamon)

 

10.

Lucknow

Varanasi

Kanpur

Allahabad

 

11.

Mumbai

Pune

Panjim

Aurangabad

Nagpur

12.

New Delhi

Jaipur

Agra

Udaipur

 

13.

Patna

Ranchi

Bhagalpur

 

 

14.

Thiruvananthapuram

Cochin