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Anyone ever took a loan against share certificate?
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mistero
#1 Posted : Sunday, March 07, 2010 8:26:57 AM
Rank: New-farer


Joined: 2/14/2010
Posts: 3
Location: america
im planning to take a loan on my equity Bank shares ,i have 40K.What percentage would u think i can get based on risk and vulnability>>.please give me yr opinion...
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kyt
#2 Posted : Sunday, March 07, 2010 2:56:51 PM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
the bank takes 60% of the value of the shares as the collateral, so that mean 24k shares x 15=360k so there you have it.
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