Loan against security is a loan advance to a customer against a pledge of security. It can be uses stocks, bonds or other eligible securities as the effective guarantee.

• Loan against security helps you to avail timely finance instead of selling off the securities in a haste. The limit of the financial assistance depends on the security that you have pledged. Usually a current account is opened in the borrower’s name and the rate of interest is calculated on the amount that is withdrawn by you during the period of utilisation.
• When you pledge a security, you get steady cash easily at the time you need it the most and this also means that you won’t have to sell your shares and not benefit from the bonus and dividends.
• Auto renewal facility.
• No prepayment penalty

Note: At the discretion on Sanatan Co Op Credit Society, Loan Amount Rs.30,000 onwards and depends on the loan amount

Documents Required

Duly filled form with

• Income Proof of Applicant(s) & Guarantor(s)
• Residential Proof of Applicant(s) & Guarantor(s)
• PAN Card of Applicant(s) & Guarantor(s)
• KYC of Applicant(s) & Guarantor(s)                                                                                  

Prime Security

• Existing Dwelling Unit.

#Two Acceptable Guarantors and Security holders to be also taken as guarantors. Loan Avail Up to 60% on Valuation / Repayment 36 Months.