1.   How do I register under this scheme ?
    You can register under this scheme by just signing an agreement that is available at the nearest branch.

2.   How much Loan/overdraft can I get ?
    You can get a loan/overdraft of up to 50% of the current market value of your demat shares which are in the approved list.

3.   How do I transfer shares as security to Geojit Credits Pvt. Ltd. ?

    Shares   can be transferred by pledge/off market to the following beneficiary account of Geojit Credits Pvt. Ltd.

   DPID - IN300239
   Client Id - 11275737

4.  Can I get Loan/overdraft against just one scrip ?
    Yes. You can avail overdraft by transfering any of the approved scrips, subject to the specific approval from   Geojit Credits  Pvt. Ltd.

5.   Is there any minimuim amount of loan/overdraft to be availed ?
    Yes. Please refer to the scheme details.

6.  How many scrips are eligible against which I can avail loan ?
    Please see the list of approved scrips.

7.   How do I receive the loan amount ?
    The loan amount will be disbursed  by RTGS / NEFT to your bank account or by cheque in your favour. Please note that the Loan Amount cannot be directly credited to your trading account with Geojit Financial Services Ltd.

8.   How frequently do you revalue my portfolio ?
    We revalue your portfolio on daily basis.

9.   Do I get the benefit of corporate action ?
     Yes. You enjoy all the benefits of corporate actions like dividend, bonus, rights, etc.

10.   How do I pay the interest accumulating in my account every month ?
    Interest is debited to the loan account at the end of every month and should be paid by cheque/ DD favouring Geojit Credits Pvt Ltd, payable at Kochi, within seven days.Debit of interest will be intimated by email to you and your branch immediatedly. In case interest remains unpaid for a period of 90 days, we may have to sell shares to recover the amount of interest debited (irrespective of value of securities) without reference to you.

11.   How do I make the payment for closing the loan ?
    The loan can be closed by presenting a cheque or DD payable at Cochin in favour of Geojit Credits Pvt Ltd.

12.  Can I sell shares offered as security to close the loan amount ?
     In case you are unable to repay the loan from own resources, you may request Geojit Credits Pvt. Ltd in writing to invoke the  security at Market  Price and adjust proceeds to the Loan account. Geojit Credits will charge 1% of the sale value as security selling charges.

13.  Is there any provison to release my shares other than making payment ?
    Yes. We can release your shares on your transfering any other scrips in our approved list.

14.  Is a personal guarantor a must?
    No.
15.  Can I pledge shares which are not in my name ?
    No

Kindly note that  the disbursal of loan will be subject to satisfactory compliance of all terms and conditions stipulated by Geojit Credits Pvt. Ltd.The terms and conditions are subject to change from time to time.