Loan Against Securities

Loan Against Securities (LAS) is an overdraft facility which enables you to deposit your investments as collateral without having to sell them during market downturns. Now cushion yourself against any unexpected circumstances and get loan against securities. Apply for loan against securities to obtain instant liquidity without any foreclosure charges.

Loan Against Securities

Key Features

PAY INTEREST Key Features LAS Pay interest on the outstanding amount of loan against security merely for the time you use it.

Any depository Pledge or deposit shares from across any depository across India (NSDL or CDSL).

LOAN AVAILABLE TO NRIs NRIs can get loan against securities such as shares, mutual funds (equity, debt, FMPs), insurance policies, NSC, KVP

Overdraft facility

Apply for loan against securities and avail overdraft facility against the pledging of following securities:

  • Equity shares*: Up to 50% of the value of demat shares
  • Mutual Fund units*: Up to 50% of the NAV (Net Asset Value) for Equity MF & upto 80% for Debt MF
  • Mutual Funds: NABARD's Bhavishya Nirman Bonds
  • Life Insurance Policies issued by LIC and select private insurance companies
  • National Savings Certificate (NSC)
  • Kisan Vikas Patra(KVP)
  • Gold Deposit Certificates (GDC)

*The contribution of a single scrip should not exceed 65% of the total portfolio value at any point of time during the tenure of the account. The loan against securities is sanctioned as per applicable internal policy of the Bank.

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FAQs

Do I need to Repay the Loan In EMIs?

You don't have to be hassled about EMI payments. Simply service your Interest payments by way of credits in your account every month Interest is calculated only on the amount of loan you actually use.

Is there any charge in the LAS Account if there are no limits?

Yes, for accounts with no limits in a month a Zero Limit charge of Rs. 1000 plus taxes for that month is levied.

Do I get statements for my account?

Monthly statements of accounts are sent to you. The facility of email statement of accounts is also available.

How can I get my securities released?

Please submit a security release request letter mentioning certificate numbers, the FAS account number (Agreement number), the Overdraft account number (signed by all the account holders) and the respective security holder. This letter needs to be submitted at any of our Loan Against Securities desks or to a branch that has a Loan against securities facility

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