You do not have to sell your securities, just pledge them with us and get overdraft facility upto a value determined on the basis of market value of securities pledged by you. This facility will allow flexibility in funds withdrawal and repayment.
Last Updated Date: May 16, 2022
Prime Commercial Bank was founded in September 2007 as the 21st commercial bank in Nepal. It has been classified as an 'A' class financial institution under Nepal's Banks and Financial Institutions Act. The primary motto of this Bank is 'Banking Service to All,' with the 389 total promoters holding 70 percent of the bank's stock. The bank has developed itself at the highest level of financial competitiveness, focusing on offering outstanding service to its customers. The bank has emerged as an emerging player in the financial sector, maintaining excellent relationships with respected clients through an emphasis on excellence in customer service.
The Loan Against Shares is a term loan against equity shares you own. It helps you gain the financial flexibility that you need without disrupting your long-term investment strategy. In terms of your fiscal position, Loan Against Securities is a better option to explore instead of bringing your investments in other securities like property and gold in the ambit of loans – the shares you own can generate loans for your business. Loan against securities is a loan where you pledge your shares, mutual funds or life insurance policies as collateral to the bank against your loan amount.(Loans against shares not to exceed Rs 10 lakhs if the purpose is for subscribing to IPOs.) You will need to provide a margin amount of 50% of the prevailing market prices of the shares being offered as security.
Pledge of the demat shares against which loan is sanctioned.Loans against shares/securities are monetary loans that are provided against listed securities like bonds, shares, insurance policies or bonds. These loans are very useful in times when cash is needed urgently for any personal or business requirement. Loans against shares are a popular form of getting short or long term loans and the repayment period extends to up to 36 months. The list of securities against which one can get a loan will differ from lender to lender .It is offered against listed securities. Investors can borrow funds against existing investment portfolios to meet investment and liquidity requirements. The money that the borrower has invested in can get him a loan.
Most often people invest in shared as it is a popular method of short and long term investment. The securities acceptable differ from lender to lender and the lenders usually have a list of securities that they choose from. It is simply to ensure that the lender will not incur loss. If you are a business owner requiring immediate funds, it is the most appropriate financing solution for you. Businesses with expansion plans, or those requiring funds to procure additional manpower, machinery and tech expertise to scale operations. Additionally, salaried individuals in need of immediate liquidity may also optium for this financing solution.
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