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: 15 years
- Pledge of shares: 15 years
CHECKLIST FOR SHARE LOAN
- Application form duly filled by the applicant OR Digital Application form present in BoB Loan;
- Proof of identity for an applicant and the guarantor;
- License copy of the Company;
- Trade confirmation Certificate from concerned broker (in case of pledge financing). Trade confirmation Certificate to be
submitted after confirming trade in case of purchase financing; - Copy of ownership certificate(s) of the mortgage offered to the bank;
- Consent letter from the joint owner if the mortgage provided is in joint ownership;
- For family owned land, family tree issued by Department of Civil Registration and Census, and NOC from family members (18years and above) (if applicable);
- Valid insurance copy of the mortgage charged in case of building;
- Dividend declared by the company for the any past three years in case of pledge financing (available in RSEBL website or can contact the BOBL broker); and
- Proof of income to service the loan repayment.