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IndusInd Bank - Loan Against Shares |
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Product Name: |
Loan Against Shares |
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Loan Details
Loan Type: |
Subscription to Shares
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| Amount Requested: |
Rs.100,000 |
| Total Interest: |
Rs.25,236 |
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Interest Rates
Interest Rate: |
15.25%
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| Eligibility Notes: |
Adult individuals |
| Margin: |
40% of the value of shares for approved Stocks only |
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Other Loan Features
Loan Amount: |
Rs.100,000 to Rs.2,000,000 |
| Repayment: |
May be renewed on request, at Bank's discretion |
| Security: |
Equity Shares of the Companies on the approved list of the Bank held in demat form. |
| Prepayment Charges: |
2% on the balance outstanding |
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