Tata Capital launches digital ‘equity loan’

Mumbai: Tata Capital Ltd, the flagship financial services company of the Tata Group, announces the launch of Loan Against Shares (LAS). Tata Capital is one of the first financial institutions to offer LAS as an integrated end-to-end digital financial offering and aims to provide customers with a simple and seamless experience.

Customers can avail loans of up to Rs 5 crores by simply pledging their dematerialized shares online, which is facilitated by NSDL. The whole process, after the required approvals by the respective depository participant, is completed on the same day. Customers can simply visit the Tata Capital website for a paperless, fast and simple user experience. The loan amount is customized based on the value of the stocks in the client’s portfolio.

The key benefits of Tata Capital’s Digital LAS are:

  • End-to-end paperless journey – from registration to loan account creation
  • Online KYC and share pledging via NSDL
  • Electronic signature of loan documents with E Nach facility
  • Easy-to-use online portal for disbursements, refunds, additional pledges and disengagements

Speaking at the launch of LAS, Abonty Banerjee, Chief Digital Officer, Tata Capital, said, “Digital LAS is part of our effort to enable our customers to meet their financial needs in an easy and convenient way. Additionally, the LAS offer can be customized and clients can have quick access to funds.

We are confident that LAS will greatly benefit our customers as we continue to add such differentiated products to our suite of digital products.

Tata Capital recently launched a “loan against mutual funds” which has gained traction with customers. Tata Capital’s latest digital product “LAS” can be redeemed at https://www.las.tatacapital.com/online/loans/las/apply-now-las-loan.

About Tata Capital Limited

Tata Capital Limited, a provider of holistic financial services, caters to the diverse needs of individuals, businesses and institutional clients either directly or indirectly through its subsidiaries. Its range of offerings includes consumer credit, advisory services, trade finance, infrastructure finance, securities, investment banking, private equity advisory and credit cards.

Previous Stabilize the foreign exchange market through concrete measures
Next What does Nucor see in garage doors? An opening