Credit Against SHares

• What is C.A.S.H ?

  C.A.S.H is an overdraft facility against financial securities. It enhances your liquidity, giving you the freedom to utilize the money for your business / personal needs.

• The Advantages of C.A.S.H.
  • Prime Interest rates : Usually lower than those on an instalment loan.
  • No Annual Fee : A big advantage over credit cards.
  • Highest loan limit : The loan limit in case of individuals is Rs.20,00,000/- (max). A margin of 50% of the current market price of the securities is calculated. The maximum loan limit is Rs.20,00,000/- per individual borrower, if the loan is secured by securities held in dematerialized form. The minimum margin prescribed in this case is only 25%.
  • Convenience : Have instant access to your credit line, by simply writing a cheque. No credit cheques. No guarantees. No hassles.
  • Savings : Pay interest only on the amount you withdraw.
  • Flexible Payments : Have the option to repay the amount at your convenience. Get unmatched flexibility in negotiations and repayments.
• To get the best mileage from C.A.S.H, follow these simple steps :
  • Have a look at your portfolio
  • Pick the shares, debentures, etc. or a combination of whatever you are holding.
  • Check whether these are in ADCB's list of approved stocks / debentures.
  • Hand over the securities to ADCB and everything will be looked after.
  • The loan amount will be credited to your NRO account or in case of NRIs overdraft facility will be set up in current account with ADCB Mumbai / Bangalore.
  • Now you have the freedom to increase your personal/business cash flow or channelise it as per your needs.
  • In case of loan of above INR 500,000, the securities will be transferred in the bank’s name.