Loan against purchase of Securities facility allows the client to purchase additional securities with cash borrowed from a lender, using other securities as collateral.

Features

• Loan available against Approved Shares and Mutual funds
• Exhaustive list of more than 500 Shares in Approved list
• Margin – 30% - 50% depending upon scrip category
• Tenor - 12 Months (Renewable after 12 Months)
• Loan Amount – INR 2 Lacs to INR 200 Lacs
• Attractive Interest Rates
• Loan can be utilized for the purchase of additional shares
• Simple Documentation

Benefits

• Additional Shares can be purchased without selling your long term investments
• Take advantage of investment opportunities
• Easier and faster processing
• Loan with easy renewal facility
• Interest charged only on the amount utilized
• Dividends and other corporate benefits like bonus, rights accrue to the customer