Mashreq Gold brings to you yet another innovative financial solution "Loan against Shares".
Now you have the financial freedom to unlock the liquidity of your investments in the local stock markets, without having to sell your holdings. Take an overdraft of up to 50% of the value of the shares and the equivalent amount will be credited to your account. This way you continue to hold your investments towards your long term goals, at the same time meeting your short term lifestyle needs.
With no limitation on the end use of the overdraft facility, you can choose what you want to use it for. E.g. to buy a car, or to meet emergency cash needs, or to pay for medical expenses. Also only pay for the number of days you utilize the facility, the interest is calculated on the utilized amount of overdraft and charged to your account at the end of every month. If there is no utilization at all, there is no interest charged.
To apply or for any further information:
Please call
800-4-GOLD (4653) or visit any of our branches across UAE
Disclaimer:
Loan against shares offers a credit facility against the market value of shares. A drop in the market value of shares may result in a reduction in the available credit limit and may result in the need to either place additional shares with Mashreq Securities as collateral or deposit funds in the overdraft account. Before subscribing, we recommend that customers take independent advice to ensure that they fully understand the terms, charges and costs of the facility.
