Margin Funding or Loan against Securities is getting instant liquidity from your investment without selling them. You have to pledge your securities in favour of Phillip Finance and Investment Pvt. Ltd. and avail loan against them and also at the same time enjoy corporate benefits accrued on your securities. Interest will be charged only on the actual amount and that too for the time it is utilized and there will not be any charge on prepayment.
You can avail the funding or loan in the following easy steps:
- Open a Trading and Demat account with Trading Member and Depository Participant
- Sign Master Loan Agreement with PFIPL
- Open Bank Account with a designated bank