Zerodha Capital is the NBFC arm of Zerodha. If you do not hold a Zerodha demat account and want to avail a loan against securities held with another broker, the process is completed offline and requires a visit to the Zerodha Capital office in Bengaluru.
Steps
- Onboard with Zerodha Capital Private Limited as a customer by filling out the application form.
- Download, print and fill out the pledge request form from your depository participant (DP). Enter the pledgor and pledgee (Zerodha Capital Private Limited) demat account details, ISIN with quantity, expiry date, agreement number and signature. Zerodha Capital is the pledgee; you, the applicant, are the pledgor.
- Submit the acknowledgement copy received from your DP after the pledge is set up, at the Zerodha Capital office.
- Sign the Master Loan Agreement and the term sheet at the office.
The loan is then processed within 48 hours.
Unpledging your securities
- The full outstanding amount, including principal, interest and any other charges, must be paid to clear all dues.
- Zerodha Capital then issues an instruction to Zerodha DP to unpledge the shares.
- Processing the unpledge can take up to 3 working days.
- A loan closure confirmation email is sent once the process is complete.
For help with this process, write to [email protected].