Instant cash against Shares / Debentures / Bonds / Units!
Earn on your investments. And keep them too.
No need to liquidate your investments even during dire necessities.
Instead, you can avail Canara Cash loan pledging your investments in Shares, Debentures, Bonds or Units.
Individuals - Existing customers with satisfactory dealings.
New customers - well-introduced and credit worthy can also avail.
How much will you get :
Shares and Debentures - upto 50 % of market value
PSU Bonds upto 70% of Market Value
Units of UTI and CBMF - 50% of NAV or market value whichever is less.
Maximum loans upto Rs.20 lacs if demat account is maintained with DPs of our bank or Rs. 10 lacs in physical form.
Security of the shares / debentures / bonds as per the approved list circulated from time to time.
Securities can be replaced / substituted during the currency of the loan upto 10 times. Nominal charges for substitution of securities.
Rate of Interest: Please visit our interest rate page for current rates.
Upto 60 months. EMI also acceptable.
Selectively OD limit is also considered.
Uniform margin of 50% shall be applicable on all advances against pledge of approved shares/financing for subscribing to IPO/CDB/LCDB/issue of guarantees for capital market operations including loans/advances against pledge of shares to staff
0.1% of the loan amount subject to a minimum of Rs.100/- and maximum of Rs.250/-.
In case of OD, charges as above are to be collected for every renewal / enhancement.
Documents / Formalities :
Stipulated Loan Application with 2 passport sized photographs
Guarantee / co-obligation where applicable
Statement of holding of scrips issued by DP
Latest salary certificate / income proof like ITAO / IT Return
Financial Statements for the last 2 years (in case of non-salaried individuals)
For more details, please visit our nearest branch or call to toll free no. 1800 425 0018.