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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.
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A man bought 18 glasses for Rs.12 and sold 12 glasses for Rs 18. What is the profit percent?
A man sells two pipes at 12 each. He gains 20% on one and loses 20% on the other. In the whole transaction, there is
One article is sold at 15% profit while other is sold at 5% loss such that the difference between their selling prices is Rs. 130. If the cost price of ...
By selling 18 table fans for Rs 11,664 a man incurs a loss of 10%. How many fans should be sold for Rs.17,424 to earn 10% profit?
A Shopkeeper marks the price of a mobile phone at Rs. 6,000/- and gives a discount of 10%. He also gives a pen drive worth Rs. 600 free with the mobile ...
A laptop costs 20 times the cost of a headphone. On the laptop there is a profit of 10% while the total profit on selling the headphone and the laptop i...
The income of P is 50% more than the expenditure of Q. Expenditure of P is 40% less than the income of Q. If the savings of P and Q are Rs 3000 and Rs 2...
.A man bought an article and sold it at a gain of 10%. If he had bought the article at 20% less and sold it for 1000 rupee more, he would have made a pr...
While selling a Bike, Max gives a discount of 25% on the marked price. If he gives a discount of 30%, he earns Rs. 120 less as profit. The marked price ...
