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Loan Against Shares

If your product portfolio includes lending against a stock portfolio or other capital market or money market securities to individuals you will need an application that can handle the documentation requirements for the customer and product.

 

What is Loan Against Shares?

Loans against Shares are advances by Banks and NBFC's against the portfolio of equity shares and other capital or money market instruments. The securties are usually pledged in the name of the lender.

Funding against capital and money market instruments can be advanced by a bank or NBFC and the tenure of this loan can be between 12 months to 30 months. Some institutions offer smilar kind of loans against other capital market instruments like Mutual Funds, Soverign Gold Bonds and Term Deposits.

 

AnyBank Suite and Loans Against Shares

The AB Suite can handle financial products targeteted at different types of customers. Parameters are defined for a product and for the Customer Constitution.  This allows us to loans against Securities like Equity Shares,  Bonds and Mutual Funds of varying tenures. It also allows us to handle variations in the quantum of loan funded. The product configuration can include structured fees and levies that are not limited to Processing, Documentation and Advance EMI's. Documents are specific to the customer constitution and can include among others the

  • Employment Proof
  • Identity Proof
  • Proof of Residence
  • Income Proof (Salary Slip, IT Returns)
  • Bank Statement

 

Computation of Eligibility Norms and Credit Norms is automatic. We also offer interfaces to credit bureaus to fetch the credit report automatically. Periodic valuation of the portfolio is triggered and the Loan TO value Ratio is determined. Interest computation on Loan accounts is automatic and can be based on an amortization schedule or Daily reducing balance method. We offer ACH, PDC's and on field collections as repayment methods. We also offer payment by several payment gateways. 

 

Delinquencies flow into the delinquent module called AB CAPE and cases are allocated based on an allocation logic. Telecalling and field visits are recorded before cases are escalated and moved to various buckets as DPD increases. Case documentation and Case filing is also supported with readymade templates. AB CAPE also offers a method to securitize loans.

Features to Reinvent Your Loan Against Shares Functions

Fascinating loan features that can improve customer delight.

CRM
  • Customer Constitutions
  • Bulk Upload
  • Geo Tagging
  • Campaign manager Integrations
  • Sales Dashboards
  • Lead Tracker
Origination
  • Document Management
  • Eligibitliy Norms
  • Credit Norms
  • Scoring
  • CPC or Branch configuration
  • Dedupe and Risk Management
Underwriting
  • Exhaustive Rule Repository
  • Automatic Credit Bureau Check
  • Automatic Ratios
  • Multiple Repayments
  • Field Investigations
  • CAM Report
Lending and Repayment
  • Tranche based Lending
  • Vault Management
  • Repayment Management
  • Loan Management
Financial Accounting
  • Charge Management
  • Accounting Template
  • Bank, Cash and Journal Vouchers
  • Trial Balance
  • Balance Sheet
Delinquency Management
  • Agencies 
  • Call Log
  • Visit Log
  • Receipt Books
  • Securitization

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About

Sastra Technologies is a technology firm that serves new age Fintech companies, Small Finance Banks, payment Banks, Banks, Non-Banking Financial Companies and Financial Institutions. Our philosophy is to develop products that are cost effective so that our clients derive value using them. For the last 7 years we have done so by embracing cloud technologies and developing unique capabilities that allow us to offer a value proposition that is unmatched in the industry today.