CENT LIQUID

Target Group

Individuals who are the bona fide owners of the share/debentures and are maintaining DEMAT account with Depository Participant.

Nature of Facility

In the form of Over draft or Demand Loan. The facility will be under Non Priority Sector.

Purpose

For meeting contingencies and needs of personal nature or for subscribing to rights or new issues of shares / debentures against the security of existing shares and debentures.

Security

Shares in dematerialised form only. The lien with Depository Participant should be marked in Banks favour.

Margin

50% on the value of the shares worked out on the basis of Average market price for last 6 months or the current market price whichever is lower.
Quantum

Maximum Rs.20.00 lakhs

Rate of Interest

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Repayment

On Demand or 12 months whichever is earlier. The limit may be reviewed on annual basis and renewed on merits.

Processing Charges

For Loan up to Rs.25000/- Rs.100.00
From Rs.25001/- to Rs.50000/- Rs.200.00
From Rs.50001/- to Rs.75000/- Rs.350.00
From Rs.75001/- to Rs.1.00 lakh Rs.500.00

For above 1.0 lakhs to 2.00 lakhs whichever is higher Rs.1500.00 or 1% of Loan
For above 2.0 lakhs to 3.00 lakhs whichever is higher Rs.2500.00 or 1% of Loan
For above 3.0 lakhs to 5.00 lakhs whichever is higher Rs.3500.00 or 1% of Loan
For loan above Rs.5.00 lakhs whichever is higher Rs.5000.00 or 1% of Loan