Glen Allen, VA, July 22, 2022: NRIOL.net has launched a new website for a better user experience.

NRIOL.net has recently rolled out a revamped website to engage more users.  Based in Virginia, the company offers affordable insurance plans to visitors, international students, missionaries, crew, group employees, au-pairs, and more. Established in 2003, NRIOL.net has made its way to become one of the reputable insurance agencies in the US.

The newly upgraded site provides comprehensive information that includes all details related to insurance plans, insurance providers, PPO networks, ID cards, policies, renewals, how to submit claims, and more.

The website gives quick access to insurance plans, enabling the users to find a reliable plan immediately. The plans are listed in distinct sections, including the plans for visitors, non-residents, students, groups, J1 visas, nannies, evacuation, disability, term life, and more.

The site permits users to input values and get an instant quote. The site also has plan sections with various comprehensive plans that will directly take the audience to the plan page, the eligibility, plan details, and plan benefits are mentioned, giving a clear idea to the purchasers of what they are buying. The brochure is easy to download. While the ‘review plan’ option takes you to the policy page, the ‘buy now’ option redirects you to the provider page. Overall, it has eased the buying process.

The new website is built keeping the navigation in mind. The template appears skillfully placed in all sections, giving a sneak peek at all the options. From contact to getting a quote, the site is easily accessible. The ‘search’ button is on all the pages, helping users find out what they are looking for. The site is linked to Facebook and LinkedIn, through which users can find more about the company and the services they offer.

The FAQs, guides, and blogs are helpful giving the audiences profound knowledge and information about a product. The glossary further clears out the standard terms used in international health insurance. With so much information on the site, the audiences can clearly understand the policies and why those are important. However, going through the brochure is always recommended.

NRIOL.net’s new website has dramatically improved in terms of navigation and presentation. The redesign focuses on site a dual-tone color scheme, highlighting the products and services.

The company has strong credentials with the Better Business Bureau and the Virginia Chamber of Commerce. It has earned many industry awards, including the “Leadership Award for Excellence in International Healthcare” at the Global Healthcare Congress. The team tries to deliver the best business and technology-rich experiences in the US and abroad.

To learn more about the product and services, people can follow them on Facebook, interact on LinkedIn, and chat with them on WhatsApp. The contact information is present on the site.

Contact Information:

Pallavi Sadekar

insurance@nriol.net

+1 (804) 302 4185

https://www.nriol.net/

ServicePik is a one-stop solution that caters to on-demand services for home & office. This online marketplace has defined a methodology to offer professional assistance in completing the chores without any hassle. Be it AC repair service & maintenance, home cleaning session, plumbing, or pest control services, ServicePik believes offers an efficient on-demand solution.

On 10th July 2022, ServicePik organized a blood donation camp in association with the Red Cross Society of India and one of its partners, Shri Mangla Electronics. The camp was held in Uttam Nagar, New Delhi, wherein, the participants were rewarded with Free eye-check-up & Free AC Service.

The founder of ServicePik, M/s Meenu Gupta stated: “We believe in acknowledging real-life superheroes who donated blood. This noble deed deserves a small token of appreciation”.

A gift coupon to avail of free services was awarded to the participants at the blood donation camp. Besides, ServicePik announced offers on its services like AC repair & maintenance, comprehensive cleaning, home cleaning, pest control, beauty & makeover, plumbing, etc.

The founder added, “We commence events after a regular interval and the massive response from the participants motivates us to keep coming up with creatively planned ideas.”

Highlights of business

  • Served clients like Pransh Healthcare, Mahindra, Shri Mangla Electronics, and Avancer Safety Shoes
  • Offers the best-in-class on-demand services for home & office
  • Dedicated professionals are appointed for project management and execution
  • Hire the expert by calling the ServicePik team or book the services online!

ServicePik is all set to drive local traffic and eventually work on the Pan-India presence in the long run.

In the past few years, the brand has evolved as a credible and responsibly planned business to address service requests without any interruption. Even if the number of bookings gets queued increases rapidly, the team of experts never misses corresponding with the new or existing customers. ServicePik has been rated by the finest online review platforms for its consistent, accurate, and cost-effective services. Even the clients who have availed the service from this online marketplace, have either connected again or recommended ServicePik’s b2b services to their near & dear ones.

How do events improve the scope of brand awareness?

Just like the blood donation camp, other events and gatherings are scheduled by the ServicePik team to engage new & existing customers. Be it the roll-out of best deals, the exclusive announcement of b2b services, or the introduction of new services, this brand has focused on understanding the preferences of the target audience. For instance, the pest control services for commercial spaces have to be handled by professionals. Here are some of the factors that ServicePik that have added up to the excellence of the company:

  • Recommended by clients, multiple times after availing of services
  • AC Repair & Maintenance service requests have been resolved in less than 24 hours
  • Pest control services, and electrical and plumbing sessions are the most demanded business services
  • Over 80% of the users have turned out to be happy customers and have reviewed our services online
  • More than 145 highly qualified and well-trained experts are appointed for the respective professional business services
  • With over 30 most-demanded services, the ServicePik team has gained popularity for timeliness and hassle-free accessibility
  • The list of happy customers has crossed 25k and is still being recognized as the fastest growing online marketplace for b2b services

Businesses that can benefit from ServicePik

The corporate sector cannot side-line maintenance, repair, or overlook the business services. But, finding the right service provider is an unrealistic option. Hence, ServicePik bridges the gap between customers and the professional services experts by offering a wide range of b2b services and extending immense support to institutions like:

  • Restaurants
  • Shopping malls
  • Banks
  • Hotels
  • Hospitals
  • Showrooms / Stores
  • Offices
  • And many more…

One marketplace with multiple business services executed within the committed time frame seems to be the mantra of this on-demand b2b service provider! The commendable performance of ServicePik in the short span is setting the benchmark for the other service providers with the same business niche.

About ServicePik

ServicePik is a leading online service provider known for its consistent performance and reliable services. Besides, the organization provides on-demand repair services for the commercial sector depending on the basic and advanced business requirements. Affordable prices and timely solutions make this brand worth consideration.

According to Statista, Americans spend 92% of their time indoors. Part of it may be due to the COVID19 pandemic, however, research reports indicate that the Internet and social media (average 2 hours 25 minutes per day) help bring everything indoors (you can order food, groceries, and pretty much anything online), and no one feels the need to stir out.

The United States Environment Protection Agency (EPA) concurs this and says that people spending practically an entire lifetime indoors face various health risks. You may have imagined that it is safe to remain indoors, but did you know that the air within buildings is seriously polluted according to studies conducted by the EPA?

A deep concern for the environment and the welfare of its employees were the significant factors that led to the creation of one of the healthiest and India’s highest-ranking WELL Platinum-certified workspaces – the eFACILITY® Building. Post-COVID, the workspace is proving to be doubly safe.

Rated under the WELL v2 rating system by the International WELL Building Institute, the eFACILITY® Building is the healthiest workplace in India today, scoring a whopping 86 out of 100 points for various indoor health parameters. Heaving a sigh of relief, the employees stream in every morning to work, knowing very well that they will remain healthy and safe while inside the premises despite the lingering threat of the pandemic and the consistently deteriorating air quality due to high pollution levels in the city.

The main pollutants in the city are the increasing industrial activity, and fossil fuel usage (Global carbon emissions from fossil fuels are steadily increasing, and CO2 emissions have increased by 90% since 1970. Also, 29% of U.S. greenhouse gas emissions – it is the single largest contributor to U.S. CHG emissions). The pandemic is a recent phenomenon, but the more alarming fact is the PM 2.5 & PM 10 levels (caused by industrial and construction activities), which are increasing unabatedly in most cities. Added to that is the threat from the increased gas pollution like NOX, SOX, etc., because of industrial activity.

According to the McKinsey report, despite the pandemic, some critical activities like negotiations, crucial business decisions, brainstorming sessions, providing sensitive feedback, and onboarding new employees are better accomplished at the office than remotely.

With the primary focus on health, a green building like the eFACiLiTY® Building helps enhance employee productivity, safety, and general well-being. To become a WELL Platinum-certified workspace like SIERRA’s HQ, the eFACILITY®Building, you need to fulfill 10 WELL concepts like Air, Water, Nourishment, Light, Movement, Thermal Comfort, Sound, Materials, Mind, and Community. Also, WELL stipulates several mandatory credits across these 10 key factors, some of which earn you points, and some don’t, though both sets are equally significant.

WELL combines best practices in design, construction, and operations with evidence-based scientific research – harnessing buildings as vehicles to support human health and well-being. Beyond the physical features, WELL also informs the organization’s policies and protocols, from the benefits provided to the employees to the operational protocols followed to keep the space safer and healthier.

At the eFACILITY® Building, employee health is critical and treated with high priority. Spaces can positively impact each employee’s health, safety, and well-being. The company worked in tandem with the team at InHabit, a Coimbatore-based Green Building Consultant, to introduce other health-focused changes like ergonomic furniture, circadian lighting, pure, safe water, and ample outdoor space for physical activities.

The software fraternity has always been under tremendous stress; SIERRA understands the importance of maintaining a healthy work-life balance. Even during the pre-COVID days, SIERRA implemented flexible work-from-home policies, and also offered part-time options to help employees be immediately available to take care of ailing/elderly family members.

There is also the SIERRA Eldercare Support Policy that allows employees to make use of local support services and referral programs available at the company. The bereavement support policy allows eligible employees to avail of 5 days of paid leave per year in case of an unfortunate loss of a spouse, child, or parent.

SIERRA’s eFACiLiTY® Occupant Wellness app contains knowledge-based articles that are very useful for its employees. These are probably some of the reasons why there’s a mad scramble to get hired in this leading software company that caters to international clients. While the applicants are many, only the best get hired.

Whether at work or play, the best place to be is the eFACiLiTY® Building at Coimbatore. It is rated the World’s 2nd Highest Ranking Green Building under the U.S. Green Building Council LEED rating system NC v2009, and India’s Highest Ranking Green Building under the India Green Building Council (IGBC) Green New Buildings rating system.

A new player in the healthcare industry has come up with solutions for your family’s skincare routine. Now, say goodbye to all the skincare products that failed to meet your expectations. Bella Vida promises to solve all your skincare issues with its launch in various cities across the country.

The research for these formulations was carried out by a team of Dermatologists for more than two years to suit the Indian skin.

The sun protection lotion has already become a rage among people of all ages.

“Our sunscreen lotion is the first one in India to protect against Infra-Red (IR) radiation besides protecting against ultra-violet (UV) rays. All other sunscreen lotions provide protection only from UV rays. Today, people spend lot of time on mobiles & laptops, hence it is essential to be protected from IR radiation as well,” explained Abhishek Joshi, Founder of Joshi Pharmaceuticals, about the USP of the products.

“Another unique product is our powder sunscreen. It is the first sunscreen in India in powder form,” he added.

Besides sunscreens, Bella Vida lip balms and moisturizers are also very popular. The products Brand has 17+ SKUs. All the  Bella Vida products have been dermatologically tested and are suitable for people of all skin types.

Bella Vida was conceptualized with the motto of providing high-quality skincare products at affordable price to the entire family. Bella Vida, the name itself translates to beautiful and happy life. As Indians, we like to do everything together and our life is beautiful when we are with family; hence One Family, One Bella Vida.

Pick your product and see the difference!

Looking for best-in-class shower panels? Buy Jaaz Shower Panels to give your bathroom the aesthetics it deserves

Shower Panels are a great way to get multi-functional in-built showering options at affordable prices. The best part about installing a shower panel is that it is easy to fix and use. It is suitable for any bathroom space. The ergonomic design of shower panels attached to bathroom walls takes less space without compromising on the output. Moreover, you get an elegant and luxurious look by installing a shower panel, making it a hot trend in the market.

About Jaaz Shower Panels

If you want versatility and a luxury bathroom look, then opt for Jaaz shower panels. Our innovative shower panels are an amalgamation of state-of-the-art technology and durable, long-lasting fixtures to give you a high-quality idyllic shower experience. This stems from our vision to always conceptualise and execute the manufacturing, designing, and distribution of bathroom products that suit the modern sustainable lifestyle and ergonomic home structure.

Jaaz has been the forerunner in delivering top-quality products to facilitate dealers, retailers, luxury hotels, and real estate developers better serve their target audience and clients.

We introduce to you our top-selling Jaaz shower panel – Aquila. Here is an overview of this product.

The Aquila Shower Panel: A Refined Sense Of Beauty

The Jaaz Shower Panel – Aquila is a must-have bathroom essential. Aquila Shower Panel has an organic design that can transform any bathroom with refined beauty.

All the Jaaz Shower Panels have been made to ensure smooth water flow without any leakage. This has two major significance. First, your bathroom space is always dry and clean. You can bid good riddance to any unnecessary dampness or damage to your bathroom due to leakage. Second, there is no water wastage. Installing our Jaaz Shower Panel – Aquila contributes to a sustainable environment and water conservation.

Feature of Aquila Shower Panel

The Jaaz shower panel – Aquila has been manufactured using premium material for elegance. Aquila has built-in showering options, including vitalising jet and multi-purpose shower heads with an easy cleaning system. The Aquila shower panel can be installed as a stand-alone unit within a shower cabinet or fixed on a bathroom wall. The wall panel is the base unit for all the functions, including:

  • Handshower
  • Adjustable vertical wall jets
  • Natural rainfall overhead shower
  • Soft-touch buttons or levers to operate various components fitted on the panel
  • Hot and cold temperature gauge and controls with a thermostat
  • Water pressure control lever
  • Inbuilt shampoo rack
  • Safe hot water lock for child safety

Usage and Experience

Jaaz Shower Panels gives a modern and luxurious look with a unique style adding to the aesthetics of a bathroom. Since all the functions are mounted on one wall unit, it is relaxing and easy to use all the functions. The perfect angle of water jets evenly distributes the water to every part of the body for a soothing and massaging effect.

As pioneers of the latest trends in bathroom products, we’re constantly innovating and advocating for products that seamlessly combine sustainability, ergonomics, and luxury. Order Aquila now and experience the luxury yourself. For more information visit our website.

Green Sources Pvt. Ltd, the India-based value-added distributor in AV & IT products signed a partnership agreement with Lindy. Both parties are celebrating this great opportunity for multiple reasons.

Green Sources, established in 2009, have operations across India, and they are one of the most recognised AV & IT distributors in the country. Together with Lindy, they are an unbeatable pair as Lindy is high quality and the high-performance range covers the whole AV/IT cable & connectivity spectrum and all come with the Lindy guarantee as standard.

Elia Lupi, Head of Global Sales at Lindy says about the partnership:

“Being distributed is very important for a manufacturer but being distributed by a value-added distributor such as Green Sources is essential. We always look for territory coverage, competence, knowledge, support, and professionalism when thinking of a partnership and we found all of these ingredients with Green Sources. We are thrilled to serve the Indian market with their help and support. Stay tuned. Lindy and Green Sources are coming to the market!”

Swadesh Khetawat, Managing Director at Green Sources Pvt. Ltd. comments on the new cooperation:

“Introducing new products is nothing unusual. But partnering with a company like Lindy, which has stood its ground since 1932 for the values of fairness, honesty, and integrity is surely some great news for Green Sources. Our Indian customers will surely benefit from the Lindy brand which has been synonymous with innovation and high-quality connectivity and technology solutions. Look out people, Lindy is coming to you in India, soon.”

About Green Sources

Green Sources Pvt. Ltd. is a value-added distributor in AV & IT products, with offices across India. They have gathered adequate experience to ascertain the best quality products for businesses. Today, they are known to offer the most sought-after AV & IT products to their esteemed partners. Rated SME 1 by CRISIL (Highest level of Creditworthiness), they are known for their dependability, combined with financial safety and security for all their stakeholders.

Learn more about Green Sources (https://greensources.co/)

According to the Hindu calendar, the festival of Raksha Bandhan is observed, and the dates change frequently every year. Of all the holidays in India, this one is the one that all brothers and sisters excitedly welcome. It is a celebration that holds promise since it provides blessings like joy and love, which enhances the beauty of the event. Raksha Bandhan is a custom of tying rakhis, which is stronger than iron chains and symbolises a vow that never expires. This celebration has been around since time immemorial.

Raksha Bandhan festival is here once more on the calendar and as always it is a celebration of joy, happiness, siblings, and divine. Also, Chocolaty is ready to assist people with their Rakhi celebrations by offering a wide array of rakhi and rakhi gifts as they do every year. Chocolaty serves as an ideal link between siblings and brothers during this Raksha Bandhan. It has expanded its reach nationally which allows sisters and brothers to build a solid connection by delivering rakhis pan India.

The celebration of rakhi in India is renowned for its beauty and strengthening the force of deep devotion between the sisters and brothers. In fact, India is all around the globe renowned for its vibrant celebrations and the evergreen tradition. It is celebrated with various celebrations, family gatherings, and sweets, Raksha Bandhan is about the love of God and happiness. Similar to other festivals, the rakhi ceremony has a unique significance.

There is almost only a month left in Raksha Bandhan and the Chocolaty is ready for the festival. For 2022 Rakhi Celebration, Chocolaty is providing facility to Send Rakhi Online Delivery in all the 29 states of India.

The CEO and Founder of Chocolaty.in the statement, he stated, “Chocolaty always holds in high regard the feelings and emotions of its clients. We believe in spreading smiles with our tokens. The overwhelming response we received from the rakhi distributions in a handful of states over the last year has prompted us to extend our reach to 29 states, and to every part of India. The trust of our customers in our service has been an important driving factor. Also, this year we are determined to bring together brothers and sisters who are separated by geographical borders.”

Chocolaty always has an array of rakhi options that are diverse. This year is no exception. In addition to single rakhis The website is also able to market rakhi sets that include three, two-four, and five. Also, one can purchase bhaiya bhabhi sets of rakhi and combinations of dry fruits, chocolates, sweets, Signature boxes, and even plants. One of the most essential benefits is that one can Same Day Rakhi Delivery.

Chocolaty also demonstrated the safety precautions taken in order to establish a powerful and positive influence as a known brand while keeping the pandemic and viruses in mind. The gifting giant has demonstrated how they are handling the matter, from appropriate sanitization of the facilities, rakhis, and rakhi presents, to temperature checks of the personnel every day, from giving zero touch delivery to having the employees immunised. Additionally, it guarantees the clients a secure celebration. Chocolaty, an online retailer of rakhis, has also claimed that they have increased the scope of their delivery services to the highest level possible.

To ensure that the celebrations are alive, regardless of distance, the website allows family members to send Rakhi presents for India. The website lets its users select from a variety of unique rakhis, curated across the country to different age groups. Chocolaty also has a special Rakhi hamper, which includes rakhi threads for both the brother and sister-in-law, a law, as well as a tray decorated with traditional sweets and modern chocolates, based on the person’s preferences. In addition, the website provides a variety of choices for the sister-in-law, such as Rakhi threads for her, personalised luxurious hampers and watches, couple mugs, and specially designed gift certificates.

To keep the present catalogue engaging for its clients, the firm has created a wonderful blend of traditional and contemporary gift goods. They may purchase traditional rakhi designs at reasonable prices, including semi-precious stone rakhis, hand-painted rakhis from Tanjore, zardozi rakhis, and many others. In addition to this, the web site has created American Diamond Rakhis and Bracelet Rakhis that are fashionable and can be delivered the same day in order to match the expectations of the younger generation.

Since its starting, the company has delivered thousands of gifts across the PAN India. To give gifting a personal experience and ensure that the recipients choose and deliver the most appropriate gifts, Chocolaty offers 24×7 customer support. The customer service representatives help users navigate the site and assist them in selecting the most appropriate gift options for sending the rakhi.

About Chocolaty

Chocolaty has thrived in the Indian market as a leader in the gift industry with its distinctive gifts (flowers, cakes, jar cakes, plants, etc., personalised gifts, combos). Mr. Abhishek Singh’s effort allowed the company to build its first Chocolaty store in New Delhi in 2017.

In addition to having the top-of-the-line gift-finding platform, a unique range of products, customised packaging as well as zero tolerance quality of service standards, and a food-to-table supply chain The brand is always Vocal For Local. Chocolaty is a market leader today, providing delivery services to hundreds of locations and guaranteeing a great experience for every customer. Chocolate is prepared to handle all of the Indian Market’s needs for the rakhi celebration.

Mumbai: Khyati Mehta, a 39-year-old amputee is the first woman to climb the Kalsubai peak with a prosthetic leg. Kalsubai is the highest peak in Maharashtra at 5,400 ft and a 6.6 km long trek that has a moderately hard difficulty level. This feat which was performed on 26th January 2022 on the occasion of the 73rd Republic Day of India to celebrate Azadi ka Amrit Mahotsav, holds a record title under India Book of Records and Asia Book of Records, 2023.

Born with 60% disabilities including bilateral flexion contracture & bilateral varus legs, Khyati has scaled the Surkandadevi Temple trek which is a steep 3 km trek at 9000 ft in Uttarakhand. In the past, she has trekked the 5,200 ft Vaishanavdevi peak. Being modest about her achievements, Khyati says, “I am still a trekker but wish to be a mountaineer someday and reach for a more technical climbing that will help me scale unexplored summits.”

Khyati is a passionate traveller who has travelled to more than 20 countries of the world. With her disabilities and a prosthetic foot, she did sky diving in New York, trekked Taman Negara Forest in Malaysia, travelled to North Cape Norway, scuba dived at Langkawi, Malaysia and Andaman, paraglided at Bir Biling, Palampur, and did white water river rafting at the highest altitude of Ladakh. Little wonder that she is entrepreneuring as a Travel & Visa Consultant and has her travel agency in Mumbai.

Khyati has also gained the reputation of one of the Fastest Walking Marathoners with her participation in more than 20 marathons. When asked what challenges an amputee faces during the treks, marathons, and similar adventures, Khyati says “Every 30 mins or 1 hour, I have to remove my prosthetic limb and give a few minutes to relax my muscles and the stump. I often get blisters on the stump, develop bursitis on my hips or endure severe back pain. During the Kalsubai trek, there were around 6 steeply inclined ladders with wide railings. My deformed hands cannot extend to hold the railings, at the same time, my hands don’t have the ergonomic grip to hold the railings. But with the support of my co-trekkers and god’s grace, I managed to reach the top.”

Besides planning new adventures, Khyati is busy giving shape to her new startup wherein she designs uniquely curated travel packages for specially-abled communities. “Being an ardent traveller, I have experienced innumerable challenges which specially-abled people like me have to endure. With my experience and expertise, I want to design hassle-free and smooth travel for disabled people that accommodates their shortcomings while allowing them to optimally explore the destination.”

Uranus Oil is a renewable energy and waste management startup based in India. The startup remains in the news for having a well-executed tech-based waste management platform and efficient infrastructure to aggregate the waste used cooking oil generated from various outlets and sending them for producing biodiesel, which is a cleaner alternative for the conventional diesel derived from petroleum. Uranus Oil is an FSSAI RUCO authorized used cooking oil aggregator and has tie ups with many biodiesel plants across India. Primary Biodiesel partner of Uranus oil is Pan Oleo Energy Limited, which is a large-scale biodiesel manufacturer.

The startup has also been deploying several EV vehicles for their waste management operations, thus making them as the first firm in the Indian used cooking oil management domain to use EVs for their operations. Their operations are spread all across India with the primary operations spread across Tamil Nadu, Kerala, Andhra Pradesh, and Karnataka. Biodiesel is being made from Used Cooking Oil as well as other waste oils as well as fats.

Uranus Oil also aggregates other feedstocks like animal tallow, palm stearin, and palm oil mill effluent (POME) which can be used as primary feedstock in the production of biofuels.

Mr. Saravanan, Co-founder of Uranus Oil commented that “The whole world is facing a shortage of energy resources. In such a situation, substantial increase in renewable energy production can go a long way to satisfy the growing energy demand. Uranus Oil follows balanced eco-friendly rules. The wasted used cooking oil which used to be dumped in the drains is now getting a fair price for the restaurant owners. We are happy to inform you that a large number of people are joining us, and this Taking the campaign forward. The whole system of used cooking oil collection creates a virtuous cycle for the restaurant owners, restaurant customers, the biodiesel manufacturers as well as biodiesel consumers. The restaurant owners are getting paid to dispose of their waste oil, consumers of such restaurants are consuming healthy food made from cooking oil that has not been reused, biodiesel manufacturers are getting feedstock for their business and the consumers of biodiesel are getting a cleaner fuel for conventional diesel at a cheaper price.”

Uranus Oil was awarded the best emerging startup in renewable energy, by the Times group. The team is composed of a combination of renewable energy experts as well as youngsters. The company is on track to set up entrepreneurship alternatives for individuals across the country through the Uranus Entrepreneurship program. The company has also plan of expanding its scope into Plastic waste management as well as rubber waste management, apart from Used Oil Management.

Tata Capital Ltd, already known for its one-of-a-kind and unparalleled financial facilities, has recently made yet another staggering announcement. The company has launched digital on-boarding journey for Loan against Shares.

As a part of the launch of the facility, Abonty Banerjee, the Chief Digital Officer of Tata Capital, said that the digital LAS offered by the NBFC will help its customers meet their financial requirements conveniently. She further said that Tata Capital is confident that its newly – launched credit facility will benefit its customers.

Tata Capital has introduced the facility via its digital customer service portal, which can be used for placing pledge requests digitally with the help of NSDL API and get the same approval from the respective depository participants (DPs). The availability of this online facility is expected to make the process of availing credit against shares highly convenient and quick.

How Does the ‘Loan Against Shares’ Facility Work?

Loan Against Shares is a facility where people can take Loan Against Shares in their Demat account as collateral. The maximum amount an individual can avail is determined by a percentage of the total market value of shares present in the portfolio of the individual.

In India, banks can lend a maximum of Rs. 20 Lakh under a single entity under the LAS facility. However, by being a Non-Banking Financial Corporation (NBFC), Tata Capital can offer up to Rs. 5 Crore credit under the LAS facility. Tata Capital is one of the first NBFCs who offer an end-to-end integrated digital onboarding experience for Loan Against Shares.

Who is Eligible for Tata Capital’s LAS Facility?

The eligibility criteria for availing Tata Capital Loan Against Shares facility are as follows –

  1. Individuals: Salaried and self-employed individuals who fall in the age bracket of 18 to 65 years are eligible for the LAS facility.
  2. Non-Individuals: Entities that have existed for at least the last two years are eligible for the credit facility.

Documents Required for Loan Against Shares Facility:

To avail this facility, one needs to submit the following documents:

  • A photo ID proof such as Aadhaar Card, PAN Card, etc
  • Address proof such as Passport, Utility Bill, Bank Passbook, etc.
  • Last six month’s bank statement
  • Income Tax Return for the last two years
  • Last three months’ salary slips
  • 1 Security Cheque
  • A Passport-sized photograph

What are the Key Benefits of the Tata Capital LAS Facility?

One can enjoy the following benefits by availing of the LAS facility with Tata Capital –

  • Online Process: The process, from application, account creation, pledging of shares, and identity verification to the transaction of the amount, can be completed online. No paperwork and no branch visits are required. One can also electronically sign their documents and benefit from the e-Nach facility.
  • Retention of Ownership: When one pledges their shares to avail of a loan from Tata Capital, they continue retaining their ownership over their shares. They can continue to benefit from the returns generated by their investment in the share market, as they need not liquidate them.
  • Zero Scope of Error: With Tata Capital’s online onboarding and customer servicing platform, the risk of document error stands at zero, be it the ones submitted to the NBFC or those exchanged with the DPs. Thus, it helps in avoiding the risk of rejection of their application and delays in processing the loan amount.
  • Interest Payable on Utilised Loan Amount Only: When one avails the LAS facility with Tata Capital, they only need to pay the interest on the amount utilised as a loan by them and not the total credit extended by the NBFC. The remaining credit line can be used as an overdraft facility.
  • 1-Day Processing of Loan: Once the documents submitted by the individual are verified, the shares are pledged and final approval is given, then it takes only a day for the individual to receive the entire loan amount.
  • No Foreclosure or Prepayment Penalty: One can pay back the loan amount whenever they want, even if it is just 1 or 2 days right after the loan disbursement from Tata Capital. The NBFC charges no foreclosure or prepayment penalty.

Wrapping Up:

With the LAS facility offered by Tata Capital, one can leverage their investment to fulfil their credit requirements while enjoying returns from their investment. All one needs to do is pledge their shares digitally, and they can get a loan of up to Rs. 5 Crore!