Tata Capital has announced the launch of ‘Loan Against Shares’ (LAS), an end-to-end integrated digital financial offering and aims to provide customers with an easy and seamless experience.
Customers can avail of loans up to Rs 5 crores by simply pledging their dematerialized shares online which is facilitated by NSDL. The entire process, after the required approvals by the respective Depository Participant, is completed on the same day.
Speaking on the launch of LAS, Abonty Banerjee, Chief Digital Officer, Tata Capital said, “Digital LAS is part of our endeavor to enable our customers to meet their financial requirements in a way that is simple and convenient. Further, LAS offering can be customized and customers can have quick access to funds. We are confident LAS will immensely benefit our customers as we continue to add more such differentiated products to our suite of digital products.”