LAS : Loan Against Shares
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We at Berkeley work towards servicing our clients in a better way. Berkeley Gains
Provides loan against facility with ICICI BANK as we understand your needs and help
meet your liquidity requirements. With LAS we allow you loan against our approved
list of shares at reasonably competitive rates of interest. This product helps you
take advantage of opportunities available in the market without involvement of new
funds by you and optimize the returns.
Requirements for availing this facility:
Loan Agreement: The client has to enter into an agreement and related formalities
are to be executed with Berkeley Commodities Ltd..
Bank Account: The client needs to open a current account with a ICICI BANK,
with a POA executed in favor of Berkeley Commodities Ltd.
Demat Account: The client needs to open a demat account with ICICI BANK ,
with a POA set in favor of Berkeley Commodities Ltd..
Trading Account: The client needs a trading account with a broker.
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