loan against shares
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Loan against shares a. For any company (pvt ltd or ltd) with adequate paid up share capital base and reasonable financials and clean cibil history; b. 1 or 2 years repayment terms c. Minimum inr 2 crores loan, shares pledged must be 200% of loan amount d. No moratorium e. Fixed repayment schedule f. Personal guarantee and security cheques of promoter required g. Fixed deposit margin required (but can be funded by lender on gross basis) h. Irr interest rate: 26% per annum i. Processing charge: 1% deducted from loan j. Form-8 share pledge by digital signature registered with roc