Overview
Phillip Finance & Investment Services India Private Limited (PFISIPL) is registered with the Reserve Bank of India as a Non-Banking Financial Company (popularly known as NBFC). We are a non-public deposit taking NBFC.
Loan against Securities (LAS) is a facility that provides you with a loan against approved securities to meet your liquidity requirements without actually selling the securities.
This enables you to enjoy various corporate action benefits including dividends on your securities and still avail loans against them.
No EMI or prepayment charges are applicable. Interest will be charged only on the actual amount and that too for the time it is utilized.
The list of approved securities is exhaustive and is updated regularly as per the exchange’s VAR-1 Group.
As per RBI guidelines on loan against Securities direct NBFC’s that the maximum loan-to-value (LTV) ratio for loans approved by NBFCs must be less than 50%.
Eligibility of loan limit shall be determined on the net worth & income of the borrower.
We offer a Rate of interest that is very competitive and varies on the collateral cover.
Documentation includes KYC, Loan Account Form with income & net worth certificates, agreement, terms & conditions of LAS.
For more information, you can write to us at nbfcsupport@phillipcapital.in
