Finance Against Securities
With the ‘Finance Against Securities’ facility you can leverage your shares in the stock exchange with an overdraft facility, to enhance your financial capabilities. This loan scheme allows you to invest in stocks, construction, real estate and other profitable ventures in addition to settling prior borrowings. This way, you are able to reap benefits from your long-term investments prior to their maturity.
Key features:
- Sri Lankan Rupee facility
- Facility periods up to one year and renewable
- Loan amount up to Rs. 20 million based on your share portfolio
- A loan even as low as Rs. 500,000/-
Your Benefits:
- Make use of your long-term investment to increase your investment capacity further
- Calculations based on current market valuations
- If the value of your stock grows, you stand to be eligible for higher borrowing values
Eligibility criteria
The ‘Finance Against Securities’ scheme is open to all who have shares listed in the Colombo Stock Exchange.
- The shares should be singly or jointly owned by the applicant
- The shares should be in the approved list of shares of the bank
- The applicant should be a Sri Lankan national
How to apply
Speak to the Branch Manager or a Relationship Manager at your nearest branch. They would assist you to obtain this facility.