Tata Capital Ltd, the Tata Group’s financial services subsidiary, has launched ‘Loan Against Shares,’ an end-to-end integrated digital financial solution that intends to provide consumers with an easy and seamless experience, according to the company.
Customers can get up to ₹5 crores in loans by pledging their dematerialized shares online through NSDL. After the appropriate permissions from each Depository Participant, the whole procedure is finished in one day.
Customers can go to Tata Capital’s website for a paperless, quick, and easy user experience. According to the firm’s statement, the loan amount is personalized based on the value of the customer’s portfolio of shares.
According to the firm, the key benefits of Tata Capital’s Digital Loan Against Shares are:
-End to End paperless journey – from registration to loan account creation
-Online KYC and pledging of shares via NSDL
-Electronic signing of loan documents along with E Nach facility
-Easy-to-use online portal for disbursement, repayment, additional pledging and de-pledging
Abonty Banerjee, Chief Digital Officer, Tata Capital, said, “Digital LAS is part of our endeavor to enable our customers to meet their financial requirements in way that is simple and convenient. Further, LAS offering can be customized and customers can have quick access to funds. We are confident LAS will immensely benefit our customers as we continue to add more such differentiated products to our suite of digital products.”