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CanCASH (Loan Against Shares) |
Instant cash against Shares / Debentures / Bonds / Units !
Purpose:
Earn on your investments. And keep them too.
No need to liquidate your investments even during dire necessities.
Instead, you can avail CanCASH loan pledging your investments in Shares, Debentures, Bonds or Units.
ELIGIBILITY:
Individuals - Existing customers with satisfactory dealings.
New customers - well-introduced and credit worthy can also avail.
How much will you get :
Shares and Debentures - upto 50 % of market value
PSU Bonds upto 70% of Market Value
Units of UTI and CBMF - 50% of NAV or market value whichever is less.
Avail upto Rs.5 lakhs
Maximum loans upto Rs.20 lacs if demat account is maintained.
With DPs of our bank.
Securites can be replaced / substituted during the currency of the loan upto 10 times.
Rate of Interest:
Please Visit Our Page On Rate Of Interest On Security Loans.
Repayment:
Upto 60 months. EMI also acceptable.
Selectively OD limit is also considered.
Processing Charges:
0.1% of the loan amount subject to a minimum of Rs.100/- and maximum of Rs.250/-.
Documents / Formalities :
Stipulated Loan Application with 2 passport sized photographs
Guarantee / co-obligation where applicable
Statement of holding of scrips issued by DP
Latest salary certificate / income proof like ITAO / IT Return
Financial Statements for the last 2 years (in case of non-salaried individuals)
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