Jyoti Bikas Bank share loan scheme: 60% marginal lending

Jyoti Bikas Bank Limited is offering an attractive share loan plan to woo investors by offering 60 percent marginal lending within three days against share certificates.

The development bank has started to post advertisement for share loan in the media.

“We provide 60 percent marginal lending in the prevailing interest rate against shares of any listed companies which are priced above Rs 100 in the market,” Sandeep Khadka, an officer at the development bank.

He further informed that an investor can seek share loan by producing shares of different listed company not just registered in his or her name but also in the name of its immediate family members.

“We calculate the average price of the shares on the basis of 180 days of share price evaluation in the market,” he said, adding that they prefer investors with shares worth Rs 1 lakh or above to issue such loan.

Though Jyoti Bikash Bank has been providing the share loan for the past five years, this is the first time they have issued an advertisement. This comes at a time when the market is surging drastically owing to surplus liquidity in the market as well as the prospect of political stability in the country.
-sharesansar