Articles 

HDBFS Loan against ESOPs and Shares | Eligibility | Documents

2563 Views

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

Salaried Individuals include salaried Doctors, CAs, employees of select public and private limited companies, Government sector employees including public sector undertakings:

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).

Related Posts: