Shares As Collateral

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Topic: Shares As Collateral (Read 113 views)

jimsawyer (m)

Shares As Collateral

« on: February 17, 2008, 06:42 PM »

Does anyone know the contact details of any companies that accept shares as collateral for loans. I have a friend who has UBA shares and wants to use them for collateral.

Will be glad if anyone can give me useful information.

Thanks.

jesu seun (m)

Re: Shares As Collateral

« #1 on: February 17, 2008, 08:19 PM »

hello jimsawyer,u can get intouch with tropics fiance ltd,at ligali ayorinde,VICTORIA ISLAND,Amazing Grace Plaza,they give out loan with 5% interest monthly,assuming your share worth is like 120k to 130k u can be given a loan of 100k.but u must transfer your UBA shares to them from your stockbroker.call them on 01-2711963.

jimsawyer (m)

Re: Shares As Collateral

« #2 on: February 18, 2008, 04:31 PM »

Jesu Seun, Thanks for your response.
Its appreciated.

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