LOAN AGAINST SHARES

Loan against Shares is offered by accepting the shares as security. Shares pledged as security are vested with the DP of IFIN. The margins for the shares are reviewed periodically and sanctioned loan based on the securities offered.

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MARGIN FUNDING

Margin funding is the funds that brokerages arrange to finance investors' share purchases. The margins for the shares are reviewed periodically and sanctioned loan based on the securities offered.



ISFL will not grant loans and advances against the security of,Shares of IFCI Partly paid shares of a company Shares of a proprietary or partnership firm. Convertible Debentures FDs issued by other banks.

Company Overview

IFIN Securities Finance Limited (ISFL) with Corporate Identification Number is (CIN) U65991TN1989GOI017792 is a Public Company incorporated on 27th July 1989 under the name Narayan Sriram Investments Pvt. Ltd and subsequently changed to IFIN Securities Finance Limited (ISFL) on 29th August 2013. The company has been classified as Union Government Company and is a subsidiary of IFCI Financial Services Limited.


ISFL is a Non-Banking Financial Company (Non Deposit Taking) registered with the Reserve Bank of India (RBI) engaged in the business of Lending to Individuals and Corporates.



Corona virus - Loan Moratorium

In line with RBI guidelines, Ifin Securities Finance Ltd is offerring its customers moratorium for its LAS customers for making interest and principal ( except repayments arising due to margin shortfalls)payments. Accordingly, customers of ISFL who have availed LAS prior to 1st march 2020 are eligible for the scheme. ISFL will not ask for interest and principal ( except repayments arising due to margin shortfalls) till 31st May 2020. Customers desiring of opting for the same, can send their request to isflops@ifinltd.in. The request shall be considered on a case to case basis subject to other parameters. The loan tenure will get extended by the corresponding period for which the moratorium has been availed. The interest shall be levied at the contracted rate of the loan period of moratorium and such interest will be collected by extending the original tenure of the loan accordingly.

Customers not opting for moratorium can continue to paytheir obligations as per their original loan schedule.
Nodal Officer for handling COVID-19 Public Grievances