Margin Funding
Our Margin Funding facility provides you greater opportunity to stay invested, leverage and reinvest with available resources in your demat account. As a most preferred leveraging tool for the Long Term Investors, margin funding resolves the funds requirement while upgrading and enhancing your portfolio. Margin Funding facility is a great financial solution to bridge the deficit of resources with funding from existing portfolio of securities to explore the options for leveraging.
Features
Loans available by utilising the stocks as margin in your DP(NSDL or CDSL )
Loan period upto 36 months
Loan up to 50% of the value of the securities pledged
Loans from Rupees Five lakhs to Rupees Two crores
Funds can be utilised only in capital market
All the corporate benefits (Bonuses, Dividends etc..) on the pledged shares will be directly received by you.
Flexible repayment options
Interest Charged only on amount utilised
Competitive Interest rate
Minimum Documentation
All funding facilities of ISFL are subject to internal policies and guidelines of ISFL framed from time to time. As such For MF
Eligibility
Any resident individual between the age group of 18 to 75 can apply for the loan. Where the individual is between 65 to 75 years, a guarantor or co applicant between the age of 18 – 64 is required.
Companies with track record for the last 2 years can apply for the loan
Minimum CIBIL score of 601
Fees & Charges
The loans of ISFL are attractively and competitively priced. ISFL charges a minimum processing fee upto 1% of the loan amount (plus applicable GST).
Documents Required
I) Retail Individual for credit limit up to Rs 20 Lakh
Self-attested copy of PAN Card and Address Proof. The same set needs to be collected for co- borrower/ guarantor wherever applicable.
Self-attested copy of bank statement for the last 3 months of the borrower. The same set needs to be collected for co- borrower/ guarantor wherever applicable.
Postdated Cheque/ E Nach/Nach/ ECs for the Loan sanction amount in favour of ISFL.
Acknowledgment of Loan Sanction letter with Terms and Condition
Loan Agreement complete in all respects.
Demand Promissory note duly signed and stamped.
Irrevocable POA for DP duly notarized.
POA issued to Bank for POA Mandate
Any other documents as ISFL may deem necessary
Documents required by the bank from time to time for opening of Bank account under PoA.
II) Retails Individual for Credit limit above Rs.20 Lakh and upto Rs. 2 Crores
Self-attested copy of PAN Card and Address Proof. The same set needs to be collected for co- borrower/ guarantor wherever applicable.
Latest 1 Year IT Return/ Form 16 of the borrower. The same set needs to be collected for co-borrower/ guarantor wherever applicable
Self-attested 3 months Bank Account Statement (Self Attested) of the borrower. The same set needs to be collected for co-borrower/ guarantorwherever applicable
Postdated Cheque/ E Nach/Nach/ ECs for the Loan sanction amount in favour of ISFL.
Acknowledgment of Loan Sanction letter with Terms and Condition.
Loan Agreement complete in all respects.
Demand Promissory note duly signed and stamped.
Irrevocable POA for DP duly notarized.
POA issued to Bank for POA Mandate
Any other documents as ISFL may deem necessary.
Documents required by the bank from time to time for opening of Bank account under PoA.
III) Retails Individual for Credit limit above Rs. 2 Crores
Self-attested copy of PAN Card & Address Proof of the borrower. The same set needs to be collected for co-borrower/ guarantor wherever applicable
CA certified latest Net worth Certificate .The same set needs to be collected for co-borrower/ guarantor wherever applicable
Latest 1 Year IT Return / Form 16 of the borrower. The same set needs to be collected for co-borrower/ guarantor wherever applicable
Latest 12 months Bank Account Transaction Statement (Self Attested) of the borrower. The same set needs to be collected for co-borrower/ guarantor wherever applicable
Postdated Cheque/ NAch/ ENach/ ECs for the Loan sanction amount in favour of ISFL
Acknowledgment of Loan Sanction letter with Terms and Condition
Loan Agreement complete in all respects.
Demand Promissory note duly signed and stamped
Irrevocable POA for DP duly notarized
POA issued to Bank for POA Mandate
Any other documents as ISFL may deem necessary
Documentsrequiredbythebankfromtimetotime for opening of Bank account under PoA
IV) Companies
Address Proof of the Company - Self attested by Company Authorised signatories. (Borrower, Guarantor and Pledger)
PAN Card of the Company - Self attested by Company Authorised signatories (Borrower, Guarantor and Pledger)
Latest 12 Months Bank account Statement of the Company - Self attested by Company Authorised signatories (Borrower, Guarantor andPledger)
Latest Net worth Certificate of Borrower, Guarantor, Pledger certified by CA on CA Letter head for loans above Rs. 20 lakh. If the loan value is up to Rs.20 lakh, a self-certified net worth statement of the borrower, Guarantor and Pledger would suffice.
Latest Three years IT Return copy of Borrower, Guarantor and Pledger (Self attested )
List of Directors with Signature on the Letter head of the Co., (Borrower, Guarantor and Pledger)
List of Authorised Signatories along with photo and specimen signature on the letter head. (Borrower, Guarantor and Pledger)
Board Resolution on the letter head of the company with Regd. Off. Address & Company common seal on the page (Borrower, Guarantor and Pledger)
Latest Share Holding Pattern of the company on the letter head (Borrower, Guarantor and Pledger)
Address Proof oftheDirectors - Self attested (Borrower, Guarantor and Pledger)
PAN Card of the Director - Self attested (Borrower, Guarantor and Pledger)
Bank account Statement of the Director - Self attested by client with Bank Seal and signature of the bank where the client has its existing bank account.
DIR- 12, Copy for the Appointment and Resigned Directors.
MOA, AOA and Certificate of Incorporation self-attested by company authorized signatory (Borrower, Guarantor and Pledger)
Last Three YearsAnnual Report of the Borrower, Pledgerand Guarantor Company.
PDC/ ENach/Nach/Ecs for the Loan sanction amount in favour of IFIN Securities Finance Limited
Processing Fees cheque along with applicable GST in favour of IFIN Securities Finance Limited without date
Cancelled Cheque leaf of the existing bank account
Acknowledgment of Loan Sanction letter with Terms and Condition sheet
Wealth Tax return copy of Individual Borrower, Guarantor and Pledger. Where the Borrower, Guarantor & pledger are not assessed to wealth tax, a declaration to that effect.
Loan Agreement completed in all respects.
Demand Promissory Note duly signed and stamped.
Any other documents as ISFL may deem necessary.
Documents required by the bank from time to time for opening of Bank account under PoA