IPO Finance

• Interest Rate / PLR
• Traders Loan
• IPO Finance
• Mahalir Loan
• Easy Mortgage Loan
• SME Credit
• Tractor Loan
• Mini Vehicle Loan
• Truck Finance
• Banana Cultivation
• Channel Finance

Learn more about our IPO Loan under TMB Business Loan Products.

With the IPO loan scheme, investors can get funding upto 50% of the IPO by way of finance from us. If you get shares in the IPO, simply pay the balance in the given stipulated time. The process is simple and interest rate is low too. Even the processing time is very short and usually the loan is sanctioned on the same day.

Purpose

To meet the funding requirement for investing in public issues for which our bank offers to give IPO Loans.

Maximum Loan Quantum

Upto Rs. 10.00 Lakhs per Individual.

Form of Advance

Demand Loan.

Repayment

Within 7 days from the date of allotment. On conversion to Loan for Shares / Advances against shares - Up to a maximum period of 90 days.

Margin

50% of Bid Price / Issue Price.

Rate of Interest

• PLR - 3.00% (10.00% p.a.) or BRR.
• PLR - 3.00% (10.00% p.a.) or BRR - On Conversion to Loan for Shares / Advances against shares.
• Current Prime Lending Rate (PLR) is 13.00% p.a.

Penal Interest

Any irregularity or default in repayment will attract penal interest of 2.00% p.a. over and above the above rate of interest on the balance outstanding.

Guarantee

Guarantee should be obtained from husband / father in case of women borrower.

Documentation

Simple documents as per our Bank Norms.

Processing Charges

• Flat Rate of Rs. 250/- per IPO

Note: IPO Loans are being sanctioned only in the branches that offer Demat Account Services. Please check our Branch Network to see if your nearest branch offers Demat Services to avail IPO Loans from such branches.

All the above Terms and Conditions are subject to change and sanctioning of the loans is at the sole discretion of the Bank. Service Tax on All Service Charges extra wherever applicable.