Shine Resunga Development Bank

Head Office : Siddhartha Road, Butwal-8,
Rupandehi 071-551500,551498

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Share Certificate

Target Segment:
  • Individual Nepali Citizen.
  • Individuals with regular source of Income such as from:Employment, Self Employment, Remittance, Rental, Pension etc.
 
Purpose:
  • To fulfill the various needs of Individual.
 
Payment:
  • Payment shall be made only after the mortgage of Share Certificate from concerned company in favour of Bank.
 
Loan Tenure:
  • Maximum 1 year.
 
Financing Restriction:
  • Against the Share Certificate of the Company whose share is not listed in the Stock Exchange.
  • Share having Market Price less than the Face Value of Shares of the Company.
  • In case of Loan against promoter share, loan shall be non renewable and such loan limit shall be upto 50% of valuation of promoter share.
  • However Loan against public share shall be renewable.
 
Interest Rate:
  • It shall be the published rate by Bank from time to time.
 
Charges:
  • Service charges and all other applicable charges shall be as per Bank's STC policy.
 
Documents Required:
  • Application form with photo from Applicant.
  • Original Share Certificates in the name of Applicant .
  • Valid sources of Income.
  • Any other documents to justify the loan that may be decided by the management from time to time or as may be required by regulatory requirement.