LOAN FACILITIES OFFERED
We understand your needs and help meet your liquidity requirements. We offer Margin funding to individuals and corporates. We also provide finance for investment in primary market issues and mutual funds We possess expertise in financing short-term loan facility, to buy securities from secondary markets for short to medium term.
Margin Funding:
Capital market provides investment and short term trading opportunities. However the lack of appropriate finances could prevent borrowers from fully capitalizing on these opportunities. Further brokers are not allowed to fund transactions at terms other than those prescribed by SEBI, With our Margin Funding facility, we provide our customers credit that can be used to purchase securities, thus enabling one to maximize profits.
Loan against shares:
You can get more out of your existing portfolio through our “Loan against shares” service, which allows you to take advantage if investment opportunities in the market without the involvement of fresh funds. One can use shares currently in the portfolio to take larger positions in the market. We provide loans against marketable shares to individual and corporate clients. Loans are available for High Net worth Individuals (HNIs), Members of Stock Exchanges, Promoters, Corporates and Trusts.
The main advantage of a loan against shares is that you don’t have to sell your investments to encash their value. You not only retain the ownership but also continue to avail shareholder benefits such as dividends, bonuses, rights etc. Loans are granted only against pre-approved list of securities only. If utilized prudently, this product can help unlock the value of Securities even during depressed Stock Market conditions and provide customers with the much-needed liquidity during pressing times.
Line of credit against securities:
In order to enable you to take care of unscheduled financing needs, we provide a line of credit against marketable shares and /or mutual fund units. Borrowers can avail the disbursement and make the repayment as per your requirements. Interest will be calculated only for the actual number of days.
This is an overdraft facility granted against approved shares owned either by you (the borrower) or your immediate relatives (third party pledgers). Finance Against Shares enables instant liquidity against shares without selling them.
Benefits
- Liquidity without selling your long term investments
- Maximize gains on your existing investments
- Take advantage of investment opportunities
- Easier and faster processing
- Pay interest only for the period of actual funds utilizations
Mutual Fund Financing:
We provide you an opportunity to make large investments in debt/equity mutual fund schemes by paying only the margin amount. Borrowers have to invest only margin amount, with PLF financing the balance application amount. With easier and faster processing, you have the ability to leverage your existing funds and enhance your investment funds and take advantage of new investment opportunities.
Promoters Funding:
This is the solution specially designed for the promoters of well-managed corporate. The promoters may have fund requirements for varying needs such as
a) Financing their contribution in the business,
b) Creeping acquisition
c) Take over financing etc.
IPO Financing
IPO Financing acts as a support scheme to cash-in on the opportunities available in the primary market. This product offers an excellent opportunity to leverage your own funds in primary markets and thereby increase the allotment quantum manifold. We provide loans for subscription in the IPOs of equity / equity linked instruments. You have to invest only margin amount with PLF financing the balance application amount at an agreed rate of interest and other mutually agreed upon terms and conditions. Our 'exclusive' IPO financing scheme provides a single window clearance for application, banking and follow up.
GENERAL INTEREST RATES ON LOANS
The interest rates on loans are generally in the range of 16 – 24% p.a. depending on the various risk perceptions viz. credit worthiness of the borrower, security offered, security margins available, usage of funds by the borrowers as well as on the cost of raising funds. The interest rates indicated above are indicative and shall be subject to market conditions prevailing at the time of disbursement. Credit risk is generally perceived to be low while lending against basket of pre-approved securities with defined margins whereas credit risk is considered high if the borrower avails loan against security of either one or two scrips. In such cases, the security margin and interest rates would be stipulated higher.
Contact Information
Parag Paigankar - Vice President & CEO
022 6632 2440 paragpaigankar@plindia.com
Jiten Shah - Manager
022 6632 2309 jitenshah@plindia.com
Sherin Moses - Senior Executive
022 6632 2304 sherinmoses@plindia.com
About Prabhudas Lilladher Advisory Services Private Limited
Prabhudas Lilladher Financial Services Private Limited is the non banking financial services (NBFC) arm of Prabhudas Lilladher group. Its clients encompass a vast range of retail, high net worth individuals and corporate clients. An RBI-approved NBFC, PLFS offers Loans and Margin Funding against approved securities to meet the fund requirements various borrowers.
Directors
Mr. P. S. Shenoy (Ex-Chairman BOB) - Chairman
Mr. Ratan Karanjia – Director
Mr. Shaukat Merchant – Director
Registered Office : PG -3 , Rotunda Building, Mumbai Samchar Marg, Mumbai - 400 023
Administrative office : 3rd floor, Sadhana House, 570, P B Marg, Worli, Mumbai – 400 018
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