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IndusInd Bank - Loan Against Shares
General
Institution name:

IndusInd Bank Loan
Product Name: Loan Against Shares
Purpose: Resident
   
Loan Details
Loan Type:

Subscription to Shares
Amount Requested: Rs.100,000
Loan Term: 36 months
EMI: Rs.3,479
Total Interest: Rs.25,236
Total to Repay: Rs.125,236

Loan Payment Schedule
   
Interest Rates
Interest Rate:

15.25%

   
Eligibility
Eligibility Notes: Adult individuals

Maximum Age: 60 years
Margin: 40% of the value of shares for approved Stocks only

   
Other Loan Features
Loan Amount:

Rs.100,000 to Rs.2,000,000
Duration: 1 to 12 months
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.

   
Fees
Processing Fees:

1%

Prepayment Charges: 2% on the balance outstanding

   

 
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