Spark Loans

Spark.loans is an online LAS platform which offers loans at an affordable rate and interest is charged only on the
amount of the credit utilized.
Loan against securities is otherwise a cumbersome process, mostly involving physical documentation and a lengthy
process. Our platform makes this process hassle free and provides the best user experience to the customer.
We aim to provide loans against financial assets that the customers has in their demat account and is in electronic
form such as shares, mutual funds, bonds, etc.
What features make Spark loans one of the best LAS app in India?
1) A fully digital/paper less solution to Loan Against Securities (LAS)
2) Loans could be availed against securities such as shares, mutual fund, bonds, etc
3) User will not have to visit a bank and could avail a loan at the comfort of home
4) Easy loan management where user can withdraw and make payments easily
5) Instantaneous pledge/unpledge process
6) User can sell collateral from the application itself
7) In-built robust risk-management system that provides instant margin call alerts to the user
We offer all this and more to offer you the best online LAS solutions in India.
You can apply for a LAS loan online following these easy steps:
After completing KYC, user can avail loan by pledging the securities available in his/her demat account:
1 Select “New Loan” option from the dashboard
2 Select “Shares” [ “Mutual Fund” coming soon]
3 You will be able to view all the approved securities in your demat account
4 Select and confirm the securities you want to pledge
5 E-Sign the loan agreement (Aadhaar based)
6 Loan Limit gets approved

Product details:
1. Loan (credit limit) duration: Minimum - 12 months and Maximum - 60 months.
2. Annual Percentage Rate (Annual Interest Rate + Total Charges + Total fees): 15.00% - 20.00%
3. Sanction limit: Minimum – Rs. 10,000 and Maximum – Rs. 500,000
4. For the time being, we are offering our services to Choice broking (Jiffy) customers having CDSL demat
accounts.
Details of Annual Percentage Rate:
1. Annual Interest rates (Min to Max) : 14.00% - 19.00% (Monthly rate : 1.17% – 1.58%)
2. Processing Fee: 0%
3. Documentation charges: Nil
4. Stamp duty charges: Nil
5. Foreclosure Fee- Nil

Note: We do not provide any pay-day loans or loans with less than 61 days repayment period.
Note: We have partnered with regulated financial institutions in India, governed by RBI.
Representative example:
For a loan of ₹[100,000] at an Annual Interest rate of [14.88] % for a tenure of [12] months, the interest payable
will be ₹[ 14880] only. Total charges paid for the above loan will be ₹[0]. Interest is due and payable every month.
APR will amount to [14.88%]
Sample Interest Calculation
If the loan amount is ₹100,000 & interest rate is 14.88% per annum; and if the customer pays only the interest
every month, then the overall interest payable for the year is ₹14880 only. Total Repayable Amount
(Principal+Interest): [₹114880]. The customers get the convenience to pay the principal balance anytime within
[12] months tenure.
These numbers are indicative and subject to change according to the nature & quality of securities pledged. The
final interest rate may vary from one customer to other depending on his interest repayment pattern.
Visit our website https://spark.loans/
Already a customer? For complaints, write to us on ‘Contact Us’ section in our mobile app or you can drop an email
on [email protected]