HDBFS Loan against ESOPs and Shares | Eligibility | Documents
HDBFS Loan against ESOPs and Shares: While being part of the Employee Stock Ownership Plan (ESOP) is a definite asset, you can now utilise it to meet your liquid cash requirements. Avail of our Loan Against ESOPs and Shares without parting with any of the benefits.
Features & Benefits
- Loan of up to 70% of the value of shares
- Option of EMI-based repayment or interest only payment
- Instant credit
- Attractive interest rates
- Shares can be pledged from any Depository participant across the country
- Simple and hassle-free
Eligibility & Documentation
Eligibility Criteria
- Minimum age of applicant: 22 years
- Maximum age of applicant at loan maturity: 58 years (60 years for Central Government employees)
- Minimum employment: 3 years in total and a minimum 1 year in the current organisation
- Minimum Net Monthly Income: Rs. 7,500 per month (Rs. 10,000 in Mumbai, Delhi & Bangalore )
Documents required:
- Proof of Identity (Passport / Voters ID / Driving Licence/PAN Card)
- Address Proof (Ration card /Driving Licene/ Voter ID / Utility Bill (any one, within the last 3months) / Registered Rental Agreement / Credit Card Statement / Passport )
- Date of Birth Proof ( Driving Licence / PAN Card / Passport / Birth Certificate / 10th or 12th marksheet which bears the date of birth)
- Bank Statements (The latest 3 month bank statement / 6 month bank passbook)
- Latest 2 months salary slip, alongwith latest Form 16 / ITR / Appointment Letter
Self employed (Professionals) include self – employed Doctors, Chartered Accountants, Architects, Company Secretaries.
Eligibility Criteria
- Minimum age of applicant: 22 years
- Maximum age of applicant at loan maturity: 65 years
- Years in business : Minimum 4 years with atleast 2 years in the same business
- Minimum Annual Income: Rs. 1,00,000 p.a. for metropolitan locations & Rs. 75,000 p.a. for locations.
Documents required:
- Proof of Identity (Passport / Voters ID / Driving Licence/PAN Card)
- Address Proof (Ration card /Driving Licence/ Voter Id Card/ Utility Bill (any one within the last 3months) / Registered Rental Agreement. / Credit Card Statement / Passport / Trade licence /Est./Sales Tax certificate).
- Date of Birth Proof (Driving Licence / PAN Card / Passport / Birth Certificate / 10th or 12th marksheet which bears the date of birth)
- Bank Statements (latest 6 months bank statement / passbook)
- Latest ITR along with computation of income, Balance Sheet & Profit &Loss account for the last 2 years certified by a CA
Self Employed (Individuals) include Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.
Eligibility Criteria
- Minimum age of applicant: 22 years
- Maximum age of applicant at loan maturity: 65 years
- Years in business: Minimum 4 years with atleast 2 years in the same business
- Minimum Annual Income: Rs. 100000/- p.a. for metropolitan locations & Rs. 75,000 p.a. for other locations.
Documents required:
- Proof of Identity (Passport / Voters ID / Driving Licence/PAN Card)
- Address Proof (Ration card /Driving Licence/ Voter’s ID / Utility Bill (any one within the last 3months) / Registered Rental Agreement. / Credit Card Statement / Passport / Trade licence /Est./Sales Tax certificate).
- Date of Birth Proof ( Driving Licence / PAN Card / Passport / Birth Certificate / 10th or 12th marksheet bearing date of birth)
- Bank Statements(latest 6 month bank statement /passbook)
- Latest ITR along with computation of income, Balance Sheet & Profit & Loss account for the last 2 years certified by a CA
- Proof of continuation (Trade licence /Establishment /Sales Tax certificate)
- Other Mandatory Documents(Sole Proprietary Declaration or Certified Copy of Partnership Deed,Certified Copy of MOA, AOA & Board resolution.)
Self Employed (Private Companies and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services
Eligibility Criteria
- Years in business: Minimum 4 years from commencement of business
- Business must be in profit for the last 2 years
- Minimum Annual Income: Rs. 1,00,000 p.a. for metropolitan locations & Rs. 75,000 p.a. for other locations
Documents required:
- Address Proof (Utility Bill (any one within the last 3months) / Registered Rental Agreement. / Credit Card Statement / Trade licence /Est./Sales Tax certificate).
- Bank Statements(latest 6 months bank statement /passbook)
- Latest ITR along with computation of income, Balance Sheet & Profit &Loss account for the last 2 years certified by a CA
- Proof of continuation (Trade licence /Establishment /Sales Tax certificate/ SSI Registration)
- Other Mandatory Documents (Sole Proprietary Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original).