NCB Capital Markets has launched a new loan facility that allows clients to borrow against their portfolio and fast-track their goals with access of up to $100 million in one day.

The loan product is being facilitated by NCB’s new CapMargin and enhanced NCB CapLoan products which together comprise a lending suite dubbed NCB CapLine.

In a press release yesterday, NCB said the move is aimed at ensuring that the company stays relevant to clients by continuously offering financial solutions geared towards specific goals.

“NCB Capital Markets clients have always questioned the possibility of using leverage to maximise portfolio returns as well as being able to borrow for general purposes against their existing portfolio,” Steven Gooden, CEO NCB Capital Markets, said.

These lending facilities will afford NCBCM clients the opportunity to optimise their holdings, using their wealth to create more opportunities to achieve their financial goals.

With the potential to access up to 90 per cent of the value of their investment holdings, clients may borrow between $1 million and $100 million with disbursement in 24 hours.

“The NCB CapMargin solution is perfect for clients who do not want to sell their current assets/holdings but want to actively participate in equities and other instruments poised for growth. While the NCB CapLoan solution is suitable for clients that require cash quickly for general use, in both scenarios, their existing investments continue to work for them,” Gooden explained.

The bank said that investors can avail themselves of rates as low as 7.75 per cent, while maximum tenures range from one to five years. NCB noted that investors can also utilise a variety of assets as security for these lending facilities including repos, unit trust, bonds and equities held with NCB Capital Markets.