Loan Against Securities

Dear Sir,

 We are offering following LAS facility at very competitive interest rates.

       Loan against approved shares/ Mutual Funds schemes (Margin will be as per our scrip list attached for your ready reference)

      Loan against approved  FMPs (Flat margin of 15% against security of FMPs).

      Loan against approved bonds/NCD’s/Govt. Security (Flat margin of 15% against security of bonds/NCDs)

 Product features of above financing facility:

 Ø  Loan amount from Rs. 5 Lacs to Rs. 7.5 Crores.

Ø  Loan is valid for 12 months from the date of approval, renewable at the discretion of TCFSL.

Ø  Nature of facility : Overdraft

Ø  Interest rates: Competitive interest rate depending upon basket of scrips/bonds/NCDs/FMPs offered as security.

Ø  Stamp duty is based on Actual State Stamp duty payable as per the state act.

Ø  Interest payable on utilized amount only

Ø  Simple documentation

Ø  Fast Turn Around Time

Ø  Competitive Rate of Interest

 Product Details:

       Multiple scrip funding on minimum basket of 3 scrips.

      Margin call to customers @ 90% security cover for multiple scrips/92.5% for single scrips/95% for bonds/ETF’s/FMP’s.

      Sale trigger at @ 80% security cover for multiple scrips/85% for single scrips/90% for bonds/ETF’s/FMP’s.

      Minimum Utilization for 3 months.

 Attachments:

1.         List of approved Scrips (Scrips change every 3 months)

2.         Process Flow of Loan.

3.         List of documents for LAS

Pls. feel free to call/mail us for any clarification