Sunrise launches 'special' scheme on loan against share collateral

ShareSansar, August 6:

Sunrise Bank Ltd has brought a special scheme ‘Share Bank Ma, Paisa Saath Ma’ whereby investors can get loan from the bank against their shares as collateral.

Under this special scheme, the investors can put their shares in the bank as the collateral to obtain loans which carries 9 percent annual interest rate.

The bank has said that the ‘Sunrise Share Loan’ scheme which came into effect from August 1 will last till mid-November.

According to the bank, it will extend such loans against the collateral of ordinary shares of those listed companies which are categorized as ‘A’ class by Nepal Stock Exchange.