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Do you wish to invest in Public Issues of reputed companies? Bank of Baroda's loan product for Financing Subscription to Initial Public Offers is designed just for you. So make your smart investment decisions and avail of the benefits.
Key Benefits - You can avail loan up to Rs. 10.0 lacs for subscribing to new issues.
- Loan offered at affordable /competitive interest rate.
- Invest now pay within maximum period of 90 days.
- Option to continue the loan thereafter by availing loan against allotted shares.
Terms & Conditions - Loan Amount: Maximum Rs. 10 Lacs
- Margin: 50% of the issue price including premium or Bid Price.
- Loan Period: 90 Days
- Rate of interest: Click here for details
- Security
- Pledge of the shares to be allotted.
- Earmarking of the refund to be credited in the savings account of the borrower.
- Letter of Authority.
- Service Charges: Rs. 300/-
- Documents required: As per Bank’s norms.
Loan under the scheme is available only at selected branches For further details, please contact the Bank of Baroda Branch nearest to you.
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