Loan against primary security of dematerialized shares.
Basic Eligibility Criteria:
Shares of Companies listed in NEPSE & approved by bank to be pledged
Shares to be transferable in bank’s name
Both OD nature and Demand nature loan can be provided
Minimum NPR 0.5 mil and maximum as required.
-Minimum margin of 65%
-Loan is calculated up to 65% of the average value of the pledged shares as calculated on the basis of closing price of previous 180 working days or prevailing market price of shares, whichever is lower
-Drawing power is calculated on weekly basis
Payment of margin shall be called in case of fluctuation in value of the shares
Repayment: Subject to renewal (OD only) upon satisfactory performance.
Rates & Fees:
Interest Rate: Competitive rate and charges.
Collateral/Security: Pledge of shares with Security Exchange Board in Bank’s name