Leverage your investments in shares for securing a loan to meet unforeseen expenses. This loan can also be used for subscribing to rights or new issue of shares.
CLASSIFICATION
- Purchase of shares
- Pledge of shares
ELIGIBILITY
- All individuals who are having adequate source of income are eligible to purchase shares.
- All individuals having shares of a listed company in RSEBL and should have three years of trading history.
QUANTUM
- Purchase of shares: 50% of the offer price and 70% of the market price or offer price, whichever is lower
- Pledge of shares: 60% of the market price
The last traded prices can be obtained from the RSEBL.
INTEREST RATE
CLICK HERE to view the Floating/Prevailing interest rate.
TENURE
- Purchase of shares: 6 years
- Pledge of shares: 5 years
CHECKLIST FOR SHARE LOAN ( FOR DOWNLOAD IN PDF )
- Application form duly filled in and signed on all the pages (Full Signature).
- Copy of valid Citizenship Identity (CID) of both the applicant and the guarantor as applicable.
- One recent Pass Port size photograph of the applicant.
- Trade confirmation Certificate from RSEB
- Ownership certificate(s) of the collateral security offered to bank.
- Consent letter from the joint owner or co-owner if the collateral provided is in joint and co-ownership.
- For family owned land, family (household) register issued by Department of Civil Registration and Census, MoHCA and NOC from family members (18 years and above) (if applicable).
- Valid insurance copy of the collateral securities charged in case of buildings.
- Proof of income to service the loan – rental income/ BIT/ PIT/Salary Slip duly certified by the Department concerned.