Features and Benefits
- This is a short-term loan.
- It is for individuals or joint individuals (up to a maximum of 3 persons).
- It is structured to help individuals subscribe to Initial Public Offerings (IPOs) of equity shares of select companies.
Charges and Limits
|Minimum Loan Amount||Rs. 5 Lakhs|
|Repayment Tenor||Maximum of 15 days from the date of loan disbursement|
|Primary Security||DPN / Pledge of Shares allotted|
|Collateral Security||Nil (Optional)|
|Processing Charges||1% of Loan amount. (Maximum - Rs. 2,000/- Minimum- Rs. 250/-).|
|Other Terms & Conditions|| |