2007-02-13 23:26:37 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
I dbt if any banks or firm provides loan against shares, give a call to icicc or sbi
2007-02-13 23:58:32 · answer #1 · answered by dak 1 · 0⤊ 0⤋
Not all shares are eligible for loans.Only some bluechip company shares which are under the specified list of the particular bank will be considered for a loan that too for a percentage of its market value depending on the kind of shares. Whenever their market price falls below the required margin, you will be asked to reimburse the difference in value either in cash or by giving them some more shares.I think you can approach ICICI or HDFC or any other bank which is nearer to you.One more thing is the shares must be in dematerialised form, physical certificates will not be considered.There will be a lien on the shares till you clear the loan,the bank will have the right to sell them in the market,if you fail to honour either repayment or reimbursement.
2007-02-14 08:11:51 · answer #2 · answered by sudheer 2 · 1⤊ 0⤋
First of all you didn't mention your country name. And I want to let you know that the bank wants to keep a documentary proves of the customers asserts and the bank will never ever give you loan on shares, because the shares would be up and down.
2007-02-14 08:07:49 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Taking loan on share it not advisable if the share are going for good price sell it utilise the amount and rest reinvest in new shares and do trading like that.
2007-02-14 09:09:59 · answer #4 · answered by padminiramesh@yahoo.com 3 · 1⤊ 0⤋
generally you would want to go to a broker, and open a margin account to do what you want.
2007-02-14 10:55:52 · answer #5 · answered by Quixotic 3 · 0⤊ 0⤋