Interest Rate Rationale

10% to 18% per annum is the floating rate of interest. This is linked to the FICCL (Fullerton India Credit Company Limited) retail prime lending rate which is currently at 19%.

Fees & Charges

These are our fees and charges for loan against securities to help you plan in great detail

Charge Type Amount
Processing Fees Up to 3% of the Loan Amount
Stamp Duty/Registration At applicable rates (as per relevant State Laws)
Pledge creation/release/invocation charges* INR 50/- per security
Liquidation Charges* 0.25% of value of securities liquidated
Cheque / ACH / ECS dishonoured Charges (per dishonour of cheque/ACH/ECS per presentation) INR 1000/-
Delayed EMI Payment/ Interest Payment( per month of delay, every month) 2% per month on the outstanding balance which is overdue
Under-utilization charges 0.25% of the difference between actual average utilization maintained for half-year of each financial year and 25% of the average operating limit, subject to a minimum of INR 1,250/- chargeable on a half-yearly basis.
Swap Charges- for replacement of ACH/ECS to ACH/ECS (per instance) INR 500/-
Swap Charges- for replacement of Post-dated cheques to ACH / ECS (per instance) INR 500/-
Prepayment charges** Nil for Overdraft facility
Annual Maintenance/Renewal Charges INR 1000/- per crore of sanctioned facility amount, subject to a minimum of INR 1,000/-

* Applicable for Securities in demat form
** For any other facility pre-payment would attract charges of an amount not exceeding 2% of the prepaid loan amount or such other amount as may be specified by FICCL in the sanction letter or otherwise from time to time

  • Note:
    All taxes, stamp duty, levies, etc. would be charged as applicable and are not included in the charges mentioned above.