VBank and Anchoria Securities Revolutionize Investor Liquidity with Shares-Backed Loan
For many Nigerian investors, the dilemma of needing urgent cash often leads to a tough choice: either endure lengthy, discouraging processes for secured loans or, more commonly, liquidate quality shares, sometimes at a loss. This isn’t just about missing out on future investment gains; it’s a deeply frustrating experience that highlights a significant gap in accessible financial solutions. Addressing this critical need, VBank, a leading digital bank, has partnered with Anchoria Securities Limited to introduce the innovative Shares-Backed Loan, a secure overdraft facility designed to empower investors by providing quick access to capital without compelling them to sell off their valuable assets.
The Shares-Backed Loan: A New Era of Financial Flexibility
The Shares-Backed Loan is a groundbreaking secure overdraft facility crafted specifically for Anchoria clients who hold A-list shares on the Nigerian Exchange Group (NGX). This product directly tackles the liquidity challenge by enabling investors to leverage their existing stock holdings as collateral, thereby eliminating the need for outright liquidation during financial emergencies. Engineered for efficiency and investor convenience, the facility prioritizes ease of access, speed in processing, and disciplined risk management. Individual clients can access overdrafts of up to ₦60 million, while corporate entities can secure up to ₦300 million. These facilities come with a tenor of up to six months, offering significant flexibility. The interest rate is set at 30% per annum, with the distinct advantage that interest is charged only on the amount actually drawn down, not the entire approved facility. A modest 1% processing fee applies. This innovative approach by VBank and Anchoria marks a pivotal step in leveraging technology to offer agile, investor-centric financial solutions within the African market.
This strategic collaboration between VBank and Anchoria Securities is poised to transform how Nigerian investors manage their liquidity needs. By offering a robust alternative to asset liquidation, the Shares-Backed Loan empowers individuals and corporates to maintain their investment portfolios for long-term growth, even as they meet immediate financial obligations. It represents a significant advancement in financial services, providing a vital tool for wealth preservation and enhanced financial resilience in the Nigerian economy.
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