Loans
Loans Against Shares
Taking a loan against your investment in shares is a great way to raise finance without giving the benefits of your ownership such as Rights, dividends and bonus. These loans are available quickly with brief documentation.
Eligibility :
- Salaried Employee.
- Professional.
- Co-borrower i.e. close relative like wife, husband, father, mother, sister, brother – if the shares are in joint names.
Purpose :
- Working Capital finance.
- Any other purpose.
Security :
- Pledge of shares (only in Demat form)
Loan amount :
- Rs.10.00 lakh.
Guarantors :
- If shares in single name – No guarantee.
- If shares held jointly – joint holder of shares should be co-borrower or should stand as guarantor.
Repayment :
- On demand / Annual Review.
Interest :
- On reducing balance method.