• Just like any other asset, an investor can use his idle securities in demat account as collateral to get bank loan.
• The investor can pledge only those securities which are approved as per the terms and conditions of the agreement entered with the bank or financial entity.
  
  
• PROCESS TO GET BANK LOAN AGAINST SECURITIES(LAS): -

1.DOWNLOAD AND PRINT PRF: -

• To download the pledge request form (PRF) form, click here WEB.
• Print out the PRF form and fill it.  In this context, the financial entity will be the pledgee, and the person applying for the loan will be the pledgor.
• BANK = PLEDGEE
• INVESTOR = PLEDGOR

2.FILL THE PRF: -

• Ensure to enter the pledgee DP id details, demat a/c (client id) details of both, ISIN with quantity, expiry date, agreement number and signature.
• International Securities Identification Number (ISIN) of securities can be found on NSE or BSE website or on the global report on comet.
• The pledgee’s(bank) name, DP ID, Client ID, expiry date and the agreement number of the pledgee is provided by the financial institution.
• (Up to 4 ISIN can be filled in the pledge request form, If the request is for more than 4 ISINs, please use the attached pledge annexure form and submit it along with the pledge request form)

3.SEND THE PRF: -

• Send it to below address:
  Jainam House,
  New Passport Office Road,
  Kargil Chowk, Piplod,
  Surat-395007
• The pledge will be processed within 24-48 hours after Jainam receives the form, and an acknowledgement will be sent for the same. Pledged securities will be moved to the pledgee’s demat account, and the pledgee will process the loan.