» What is LAS?
» Who can avail this facility?
» What are the advantages of LAS?
» What will be the rate of interest?
» Required Document for LAS A/c. |
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| |What is LAS? |
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| Under this scheme a client can pledge his existing holding with SCPL and avail funds after deduction of predefined margin. It gives additional buying power to client to create wealth and grab market opportunity. |
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| |Who can avail this facility? |
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| Any registered client whether it is Individual, HUF, Partnership Firm, and Corporate |
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| |What are the advantages of LAS? |
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| Leveraging available investments for further investment |
| Liquidity without selling your long term investments |
| Client can enjoy all corporate benefits. |
| Interest to be charged on utilized amount and on usage days. |
| Vast approved list. |
| Easy documentation. |
| Client can view his position any time. |
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| |What will be the rate of interest? |
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| Company has set its Basic lending rate (BLR) after considering cost of funds, administration expenses and margin. |
| Company would charge interest by adding his BLR and risk premium. Risk premium depends on clients risk category, we categories client in different risk categories based on his credit worthiness, security offered, security margin available, usage of |
| The interest rates on loans are generally in the range of 16%-18% |
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| |Required Document for LAS A/c. |
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| Copy of Pan card |
| Address Proof |
| Banking Proof – Within 3 Months |
| Copy of cancelled cheque |
| Last 2 years IT Return |
| 700/- cheque on the name of Sushil Capital Pvt. Ltd. |
| * All documents must be self attested by client. |
| We also have to need open Bank account with AXIs Bank. For that we need following documents. |
| Copy of Pan Card |
| Copy of Address Proof |
| Rs.6000/- cheque on the name of Client itself. |
| * All above documents and AXIS Bank form must be attested by local AXIS bank. |
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