What is the maximum amount of loan against security that can be availed for demat shares?
The eligibility criteria to procure a loan against shares - loan against security shares are: - One has to be within the age group of 18-65 years in order to avail of a loan against shares. - The tenure of these loans is generally a year but can be extended and taken up for renewal if required. - A minimum amount of INR 1 lakh and a maximum amount of INR 10 Lakhs can be availed for physical shares and INR 20 Lakhs for demat shares. - An identity proof and a residence proof , income proof such as a salary slip , recent bank statements of 6 months, pan card ,cancelled cheque and a holding statement from the depository participant. - The interest rates on these loans are in the range of 12-18% per annum and are cheaper than a personal loan. - Shares held in the names of HUF, minors, Companies and NRI’s cannot be pledged. Only individuals are eligible. - The Directors or Promoters of a Company cannot pledge shares of their respective Companies. - The borrower needs to pledge his shares by filling a pledge request form with the details of the shares and these need to be submitted to the bank. - A loan processing fee of 1-2% is charged against the loan amount sanctioned. There are no pre-payment charges for these kinds of loans. - One can pledge a single select script against a higher margin and a maximum of 20 scripts can generally be pledged at a time. Certain banks specify no upper limits. - If the value of the shares falls or the credit limit falls short additional shares need to be pledged or cash must be paid. - One can also pledge the shares of a spouse, parents, brother, in laws and children above 18 years of age. - Physical shares are acceptable only as marketable lots.
625, 5, 125, 25, 25, ? , 5
10, 22, 46, ?, 130, 190
12, 16, 25, 41, 66, ?
1 0.5 3 7.5 21.5 74.25
Select the option in which the numbers are related in the same way as are the numbers of the following set.
(25, 18, 225)
6, 5, 40, 32, 249, 240
7 7 14 42 ? 840
...35 36 68 207 836 4205
...12 78 385 ? 4629 9260
...43 44 48 ...