Nuvama Finance offers digital access to Loans Against Securities (LAS) and ESOP financing, subject to eligibility, verification and approval.
With Loans Against Securities, eligible users can pledge approved securities to access a loan facility without selling their investments. Users may continue to hold their investments, subject to the applicable terms and conditions of the loan.
The app also supports ESOP financing for eligible customers who want to exercise employee stock options through an approved financing facility.
Key features:
* Apply digitally for eligible loan products
* View eligible holdings and initiate pledge requests
* Access sanctioned loan limits, subject to approval
* Track loan details and manage your account in the app
* Review applicable charges, terms and repayment details before proceeding
Loans Against Securities:
* Pledge eligible shares, mutual funds and other approved securities
* Access funds against approved collateral, subject to margin and policy requirements
* View and manage your loan account digitally
ESOP financing:
* Financing support for eligible ESOP exercise transactions
* Digital journey for application, approval and account management, subject to product availability
Important disclosures:
* Lender entity:Nuvama Wealth and Finance limited
* Registered office: [Insert exact address] 801-804, Wing A, Building No.3, Inspire BKC, G Block,
Bandra Kurla Complex, Bandra East,Mumbai-400051.
* Customer care: 022-69223155/LAS.Servicing@nuvama.com
* Loan amount range:Minimum Rs.1 lac & above based on eligibility and within regulatory limits
* Annual Percentage Rate (APR): 9 to 11
* Repayment tenure: 1 Year to 5 Years
* Processing fee / other charges: upto 1%
* Example: For a loan of 100000 for 1 year at 9.75 APR with 0.5 charges , the total repayment amount will be 110,250.
Please read all loan terms, charges, risks, collateral requirements and repayment obligations carefully before applying. Availability of LAS and ESOP financing products may vary by customer profile, security type, employer program, jurisdiction and internal policy. All loans are subject to eligibility, documentation, verification and final approval.
Nuvama Finance provides a digital platform to help eligible users access and manage approved lending products more conveniently.