Loan to Purchase Share

Purpose

This loan is for the purchase of securities of companies registered under RSEBL. However, the Bank shall not grant credit, give any guarantee or incur any other liability against the security of our own shares, shares of our subsidiary, shares of our parent company, or shares of the subsidiary of the parent company. 

Eligiblity

  • All individuals who have adequate source of income and are eligible to purchase shares.  

Quantum

The loan amount for purchase of shares should not exceed 50% of the market price or offer price, whichever is lower at that point of time. It is to be noted that the market price is to be derived from the lowest of the last three years traded price. The last traded prices can be obtained from the RSEBL. 

Tenor

5 Years Maximum

Interest Rate

11%

Floating Rate

12%

Fixed Rate

Required Documents

  • Copy of CID of both the applicant and the guarantor

  • One recent passport size photograph of the applicant

  • Proof of income to service the loan – verified rental income via way of rental receipts, PIT/BIT, etc.

  • Trade Certificate confirmation from RSEB

TypeFile NameDate ModifiedSize

pdf
Addendum 10:33 am 09/03/201857.1k

pdf
SHARES & SECURITIES LOAN 5:39 am 05/15/2019132.5k