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Angel Broking Loan Against Securities
Angel Broking Track Record Of Best Online Stock Broker In India
Angel Broking Loan Against Securities (LAS)
Angel Broking is one of the major full-service retail brokers in India. This firm offers a wide range of investment and trading services that includes stock and commodity broking, investment advisory services, margin funding, loan against shares and financial products distribution.
Angel broking provides the service of Loan Against Securities (LAS) to its clients. This serves as an advantage for the clients as they enjoy instant liquidity without any charge and they pay interest only on the amount they have already used.
Loan Against Securities (LAS)
Angel broking facilitates its customers with the LAS or Loan Against Securities service. It is a kind of overdraft that allows the clients to pledge their securities as collateral to avail a loan. This is an easy way to receive a line of credit without selling their securities at the time of market downturn. Now this provides customers the leverage in their investment capacity and they can receive loan up to 80% on wide range of financial instruments.
It allows the customers to enjoy liquidity without any forecloser charge and they will have to pay interest only on the amount that is used. LAS is a unique service that provides the customer dual advantage of maintaining the ownership on their investment and reaping their benefits at the same time.
Features of Loan Against Shares (LAS)
This is a secure form of loan that is forwarded against the securities held in your account. Some of the features of LAS are:
1. Volume of loan- The loan amount can go up to 80% of the collateral values.
2. Tenure- The time period of the loan is typically one year but the client can foreclose or extend it as per his choice.
3. LAS Interest Rate- The interest rate lies between 9% to 12%.
4. Charges- It includes the charges such as initial processing fees, AMC, Stamp duty and more. There could be additional costs in case of an overdraft.
5. LAS Eligibility- The client who are Indian Resident Individuals, HUFs (Hindu Undivided Families), NRIs, private and partnership firms, sole proprietorship, and public limited companies are eligible to receive a loan against securities.
Types of Collaterals
1. Demat and Physical Shares.
2. LIC Policies.
3. Non-convertible debentures (NCD).
4. NABARD and UTI Bonds.
5. National Savings Certificate (NSC).
6. Mutual fund Units.
7. Kisan Vikas Patra (KVP).
8. Gold deposit certificates.
Apply in Loan Against Securities (LAS)
The customer can apply for the Loan Against Securities (LAS) through Angel Broking Console or can reach out their agent to know the formalities and procedure. The loan amount will be directly credited to the client’s account.
This LAS gives you immediate access to the additional funds without letting go of the client’s current investment.
Benefits of Loan Against Securities (LAS)
LAS offers the clients a wide range of benefits:
1. It allows customer to retain the ownership on their investment.
2. The clients will continuously receive the dividends and bonus on their investments.
3. It allows the clients to receive high loan value, up to 80% of collateral deposited.
4. It provides quick eligibility without any additional document or income proof and has easy renewal.
5. It facilitates clients with adding instant liquidity that improves client’s investment potential manifold.
6. It has an easy online application process and there is no need to visit the branch to receive this loan.
Frequently Asked Questions
Angel broking has an offline presence in around 10,000 offices across the different parts of India. Thus, from industry experience it is among the safest brokers.
You will receive your DP statements on a quarterly basis.
Yes, you can buy the trading software directly from BSE. We at Angel broking don’t recommend doing so as the software is very costly (Approx 15 lac) and it allows trading only on BSE.
No, since the password is only with you no one can do trade using your mobile phone. We keep the password in encrypted formats so that no one can sell your shares apart from you. It is advised to keep your password safe with you.
No, you don’t need a demat account to trade in currencies.
The minimum brokerage amount that is charged as per the agreed brokerage slab is Rs. 30. If you are unable to generate a brokerage of Rs.30 on any provided trading day, then you will be levied with an additional brokerage up to Rs.30 or 2.5%, whichever is lower in a particular segment.
No, we don’t have any fixed brokerage option.
The withdrawal amount will get deposited in your bank account within 30 minutes.
No amount is charged for closing the account.
Angel Broking provides the exposure of 2 times the margin amount.
Yes, you need to pay brokerage even if you are in loss.
No, currently the BTST service is not available with Angel Broking.
Yes, you can block funds for an IPO. The client is required to submit the signed ASBA application form that is pre-filled with the application details. There is no need to provide cheque. The funds would be blocked in the bank account that is mentioned in the form and the funds will get released if the shares remain unallotted.
Yes, you can trade now on Rs.15 brokerage per order depending on the size of the order.
The cash back gets credited as the prepaid brokerage to your account and is valid for the period of 6 months from the date of your account is activated.
It is a facility with which you can easily transfer funds to your bank.
To place a margin order, follow the steps mentioned below: 1. Login with your Angel broking account using the Mobile app. 2. Search the scrip using buy or sell on the Menu or select the scrip in the MW. 3. You will see a buy order pad as you click on the search result, navigate from the menu and select the scrip from MW. 4. On the order pad select the product type as Margin. 5. Confirm the order by adding other details and your order will be placed.
Yes, you need to have money in your trading account before placing an order.
Yes, you will receive an online confirmation of orders and trades. The status of any order gets updated on a real-time basis in the Order Book. As you place your order they are immediately validated by the system and then sent to the exchange for execution. The entire process is completely automatic and there are no manual interventions. You will also receive an email that will confirm the order placed by you at the end of the trading day. The digitally signed contract notes will also be sent through e-mail for the orders that are executed during the trading day.
Generally you need an amount of Rs.20,000 to trade commodity contracts. But it depends on what contract you buy.
Yes, the customers need to have money in their trading account before placing any order. On the other hand, if you have some sold shares, then the sale proceeds can be used to buy the shares you want.
It is a standardized forward contract which can be easily be traded between parties other than the two initial parties to the contract.
The branches of Angel broking are well-spread across the different parts of India. It has a wide network of 11,500 sub-brokers and franchises in tier 1, tier 2 and tier 3 cities and towns of the country. Its broad network is among the top propositions to its clients.
It is a lending facility where the clients can avail the loans to trade in shares (Cash Segment of BSE and NSE) against the margin amount. The investor pays only an agreed margin of the total value of shares bought and the remaining is funded by the firm.
Margin Funding is beneficial to the investors who trades on delivery basis and holds the investment. As per the Exchange guideline, debit is not allowed in broking beyond T+7 to take high exposure.
A futures contract is simply a standardized forward contract that can be easily traded between parties other than the two initial parties of the contract.
You can start with any amount that you are comfortable with, but we at Angel broking recommend our customers to start with the substantial amount of Rs. 25,000.