Loan Against Securities
Liquidity:-
We understand the number of days and effort you had put in to arrive at the right strategy and accumulate prized
securities at desirable valuations. The prospect of selling these securities in your portfolio to meet short term
liquidity requirements is a dreaded one. After all, long term investments were made keeping your goals and aspirations
in mind. With our Loan Against Securities offering, the current liquidity requirements can be met easily against the
securities held by you including equity stocks and mutual fund units. The exposure is decided depending on the margin
offered on securities held by you.
Higher Returns:-
On the other hand, you can earn more out of your idle investments while still enjoying the shareholder benefits such as
dividends and bonuses. Loan Against Securities allows you to own more securities vis–a–vis self-funding and enables you
to potentially enjoy a greater return on your invested capital.
Features
- NSE/ BSE Listed Shares (kindly contact Mansa Mata Finance for the list of approved Shares)
- Fixed Maturity Plans
- Corporate Bonds
- Government Securities
- Tailor made scheme to cater to the needs of all segments of investors
Benefits
- No fixed EMI schedule (Tenure and repayment are flexible)
- No Pre-payment Charges
- Quick Approval Process
- Minimum documentation
- Transparency
- Individuals (should be major)/ HUF/ Corporate / LLPs
- Salary/Income/Cash flow statement to prove repayment capacity
- Securities offered must be in approved list
Rates and Charges
Loan against Securities comes to you at attractive interest rates (please refer to the interest rate policy by clicking here ), which are based on the trends prevailing in the market at the time of the loan. The rates may vary according to the product variant.
|
Charges |
|
|
Description of Charge |
Loan Against Securities |
|
Pre-payment Charge |
Nil |
|
Penal interest |
Penal interest shall be levied on a case to case basis |
|
Cheque return charges |
Rs. 1000/- |
** Service Tax and other Government taxes, levies, etc. shall be applicable as per the prevailing rates will be charged in addition to the aforementioned charges.
Service Charge
- Stamp duty for the loan document and other requisite documents will be borne by the borrower.
- Application Form
- Proof of both identity and address
- Basic KYC Documents
- FATCA Declaration
-
What is Loan Against Securities?
With Loan Against Securities, you can borrow funds against the securities you are holding. Securities here mean listed securities such as shares, mutual funds, insurance, bonds and other such securities. For availing this loan your shares will be pledged which shall be released post timely servicing of the loan and repayment of the same. -
What is the purpose of Loan Against Securities?
The purpose of loan against securities is to create a contingency fund to take care of all your short term needs while keeping your existing rainy day investments secured. -
Why should one opt for Loan Against Securities?
You can earn more out of your idle investments while enjoying the shareholder benefits such as dividends and bonuses. Loan Against Securities allows you to own more securities than you could on a cash-only basis and potentially enjoy a greater return on your investment capital. -
What is the interest rate for loan against Securities?
Mansa Mata Finance offers you Loan Against Securities at competitive and attractive rates of interest. Contact Mansa Mata Finance for further information. -
What is the minimum margin that I have to maintain?
A minimum 50% margin must be maintained on shares. -
What happens if the valuation of pledged shares changes? What happens if its value decreases?
At Mansa Mata Finance, we follow the system of daily monitoring of portfolio based on the market price. If the price of shares decreases beyond a threshold, resulting in any margin shortfall, then the customer has to immediately provide additional shares or partly repay the loan principal amount. -
What are the documents required for Loan Against Shares?
For Loan Against Shares standard documents such as Application form, LOAN AGAINST SECURITIES kit, Photograph, PAN card, ID proof, Address proof, Demat statement (last 6 months), Bank statement (last 3 months) are required.