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Interest rates & charges
Most Important Terms and Conditions (MITC)
Loan for Public Issues-IPO : Benefits
Loan for Public Issues-IPO : Features
Loan for Public Issues-IPO : Eligibility
Loan for Public Issues-IPO : Interest rates & charges
|Product||Conditions||Repo Rate + Spread||Effective Rate of Interest|
|Baroda Loan for Subscription to Public Issue/IPO||
Repo Rate + SpreadBRLLR + SP + 4.00%
Effective Rate of Interest0.00%
Service Charges (Excluding GST) w.e.f. 20/06/2019:
Rs. 300 /-
Loan for Public Issues-IPO : Documents Required
Loan for Public Issues-IPO : Most Important Terms and Conditions (MITC)
Loan Amount: Maximum Rs. 10 lakhs
Margin: 50% of the issue price including premium or bid price
Loan Period: 90 days
- Pledge of the shares to be allotted.
- Earmarking of the refund to be credited in the savings account of the borrower.
- Letter of authority.
Loan under the scheme is available only at selected branches.
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