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Margin Funding

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

    minus    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.

    minus    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.

    minus    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

    minus    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