Benefits of the Loans Against Shares facility include
- An Overdraft of up to 50% of the value of your shares
- Interest is charged only on the used portion of the overdraft and payable only on the number of days used
- No restriction on usage of the funds
- Flexibility to sell your shares and settle the overdraft at any time with no early settlement charges
Loan Against Shares
The Loan Against Shares (LAS) facility from Mashreq, lets you unlock the liquidity in your local share investments without having to sell your holdings.
Get an overdraft facility of up to 50% of the value of your shares
Your overdraft is credited to your account, letting you maintain your investments while meeting your short term financial demands. Accrued interest is charged to your account at the end of the month
The LAS facility covers 18 of the most actively traded shares listed on the DFM and ADSM including Emaar, Etisalat and Tamweel.