Loan Against Market Shares / Marketable Securities

Ace may consider sanctioning loans against shares / debentures of acceptable listed companies and against HMG / NRB bonds (National Savings Bond, Development Bond etc.) provided we are satisfied on the quality of the securities and the borrower’s ability to repay.

Features
   o    Loan against HMG / NRB bonds will be governed by Nepal Rastra Bank rules.
   o    Loan against listed shares shall not exceed 50% of the 180-day average value of the share or market value of the
         share (whichever is lower).

Tenure
The tenure of the loan against shares can be 1 year. Loan period will be within the maturity date if against HMG / NRB bonds.

Security
The client should provide the share / debenture certificates to Ace as security. Personal guarantee of the owner/s is also required.

Transaction size
For loan against shares / debentures: Minimum amount Rs. 100,000/-

Interest rate
15%-18% per annum, condition apply.

Interest rate shall be determined / periodically reviewed by Ace taking into consideration the market trend.
A management charge of 1% flat of the loan amount shall be payable upfront on loan against shares and debentures (not applicable for loan against HMG / NRB bonds).