What are the charges for Geojit's Loan Against Sovereign Gold Bonds?
The charges for our Loan Against Sovereign Gold Bonds are:
| Particulars | Details |
|---|---|
| Margin/Loan To Value (LTV) | Up to 75% |
| Min Loan Amount | Rs. 10,000 |
| Tenor | 1 year |
| Interest Rate (per annum) | 10.49% |
| Processing Fees | 0.50% + GST |
| Interest Payment | First working day of every month |
| Margin Requirements | Initial Margin- 35% Maintenance Margin- 75% |
| Pledge Creation Charges | Rs. 250 or 0.02% of the value of each pledge transaction + GST, whichever is higher. |
| Security Eligibility | i. SGBs must be held in your Demat account ii. Security value will be calculated as per last traded price on the stock exchanges |
* As required by RBI, a LTV of 75% must be maintained at all times. In the event that the LTV exceeds 75% for 5 consecutive days, the pledged securities will be sold proportionately to bring the LTV below 75%.
* Interest is charged only on the outstanding amount and only for the time the funds are used.
Still need help? Create Ticket
