Issuing a press statement, Naasa Securities informed that the margin trading facility is the first of its kind in the country. Under the facility, investors can seize exciting investment opportunities by purchasing shares through a loan from Naasa Securities.
As per the statement, the loan structure is flexible and welcoming enough to cater all kinds of customers and their loan requirements.
“We are pleased to present new plans and schemes to cater to every customer and their margin requirement, under our Margin Transaction Facilitation Directive, 2082, which is a new replacement to the similar Directive from 2074. Under our Margin Lending plan, clients who are willing to take the Margin Product of Rs. 10 Lakh can commence their trading activities with just a 30% Initial Margin, i.e. Rs. 3,00,000 and receive a Loan of Rs. 7,00,000. This plan, if valid for a period of 1 month, shall incur a total service charge and interest charges of only Rs. 7,000. In case of same loan amount, valid for 2 months shall incur service charge and interest charges of Rs. 13,650, and similarly, if the validity is of 3 months, it shall incur service charges and interest charges of Rs. 19,950,” reads the statement.
Furthermore, the schemes and offers vary from the ranges of Rs. 10 Lakh to Rs. 2 Crore while their respective time period varying from 1 month, 2 months and 3 months.
Below are tables that explains this plan, and their respective Service charges clearly;
*Customers are required to conduct business within the eligible list of companies for margin trading, as Directives issued by SEBON.
The statement further says, anyone willing to take Margin Lending Services from Naasa Securities must open their DEMAT account and Margin accounts from the brokerage company. Interested customers can visit their nearest Office Locations and fill their KYC forms, along with the Loan Agreement and provide authorized information / documents for further loan proceedings. Following approval of the applications, further proceedings shall be taken to facilitate the lending.
