Anyone has pledged their shares to take out financing from banks?

Just do paperwork and then pledge your shares. However each bank has their own rate of charges. Personally i prefer DBS ahre financing charge as it is onle of the lowest in interest rates. Used them before.

Hi Gabriel (I feel like I'm typing this a lot recently, haha),

Pledging of shares just means that you are putting forth collateral in order to borrow money to buy more shares.

The amount of money that can be lent to you does depend on what you pledge, and you'll have to pay interest on the amount borrowed, hence, make sure that whatever plan you have for the borrowed money must at least cover the interest costs with room to spare, or else you will be losing money no matter what.

Your shares will be transferred into custodian (most brokerage firms will waive the transfer fees).

Some more info here for POEMS: https://www.poems.com.sg/products/securities-fi...

and

https://www.poems.com.sg/share-financing/

Warning: This is leverage. If you don't know what you're doing, stay clear.