IPO Finance Loan
get loan to apply for IPO through us
Learn more about our IPO Loan under TMB Business Loan Products.
With the IPO loan scheme, investors get funding upto 50% of the IPO by way of finance. If you get shares in the IPO, simply pay the balance in the given stipulated time. The process is simple and interest rate is low too. Even the processing time is very short and usually the loan is sanctioned on the same day.
- Purpose
- To meet the funding requirement for investing in public issues for which our bank offers to give IPO Loans.
- Maximum Loan Quantum
- Upto Rs. 10 Lakhs per Individual.
- Form of Advance
- Demand Loan.
- Repayment
- Within 7 days from the date of allotment. On conversion to Loan for Shares / Advances against shares - Up to a maximum period of 90 days.
- Margin
- 50% of Bid Price / Issue Price.
- Rate of Interest
- Click MCLR Rates of Interest for MCLR based interest rates. For further details please contact our nearest branch.
- Penal Interest
- Any irregularity or default in repayment will attract penal interest of 2.00% p.a. over and above the above rate of interest on the balance outstanding.
- Guarantee
- Guarantee should be obtained from husband / father in case of women borrower.
- Documentation
- Simple documents as per our Bank Norms.
- Processing Charges
- Flat Rate of Rs. 250.00 per IPO Loan irrespective of loan amount.
Note: IPO Loans are being sanctioned only in the Branches that offer Demat Account Services. Please click this link to see if your nearest branch offers Demat Services and to avail IPO Loans from such branches.
All the above Terms and Conditions are subject to change and sanctioning of the loans is at the sole discretion of the Bank. Goods & Service Tax (GST) on All Service Charges extra wherever applicable.
