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LOAN AGAINST SECURITIES

Need Funds?

No Need to sell your investments!

  • sda

    ICICI Bank's Loan Against Securities (LAS) allows you to get a loan without selling investments.

  • ds

    Loan is sanctioned in the form of an overdraft facility with interest rates starting at 11.50% per annum.

Loan Against Shares Loan Against Shares

Features of Loan Against Securities

Loan Value-Shares

Loan Value-Shares

Get a loan up to 50% of the value of the pledged shares, with a maximum limit of Rs 20 lakh.

 Loan Value-Mutual Funds

Loan Value-Mutual Funds

In the case of equity Mutual Funds, get a loan up to 50% of the Net Asset Value (NAV), a maximum limit of Rs 20 lakh and up to 80% (no upper) in the case of Debt Mutual Funds.

Approved Securities

Approved Securities

Facility is available against the list of approved securities as determined by ICICI Bank.

Exclusive Facility

Exclusive Facility

Digital loan against shares and Mutual Funds available for select customers.

Overdraft Facility

Overdraft Facility

Loan by way of an overdraft facility.

Interest Rate

Interest Rate

Interest is charged on the utilised amount and for the utilised period only.

Unique Facility

Unique Facility

Unique facility for selling pledged shares online.

Pre-Payment Charges

Pre-Payment Charges

No pre-payment charges and flexible repayment options.

Eligibility criteria, Loan Amount and Documents Required

Eligibility Criteria

The applicant should be between 18 and 75 years of age and should have a valid e-mail ID and mobile number.

  • Demat Shares

Only Individuals can apply.

[Hindu Undivided Families (HUFs), Companies, Partnerships and Sole Proprietors are specifically excluded.]

Loans are granted only against the list of approved scrips as determined by ICICI Bank.

 

  • Mutual Fund Units

For Equity-oriented funds – Only Individuals can apply. (Hindu Undivided Families, Companies, Partnerships and Sole Proprietors are specifically excluded.)

For Debt Funds/ FMP/ ETF – Individuals, Hindu Undivided Families, Companies, Partnerships and Sole Proprietors can apply.

Loans are granted only against the list of approved Mutual Funds/ schemes as determined by ICICI Bank.

 

  • Fixed Maturity Plans (FMP)

Individuals, Hindu Undivided Families, Companies, Partnerships and Sole Proprietors can apply.

 

  • Exchange Traded Funds (ETF)

Individuals, Hindu Undivided Families, Companies, Associations, Partnerships, Sole Proprietors and Trusts & Societies can apply.

 

  • Life Insurance Policies

Individuals, Companies, Partnerships, Sole Proprietors, Hindu Undivided Families can apply.

Loans are granted only against the list of approved insurance policies as determined by ICICI Bank.

 

  • GOI Bonds

Individuals, Hindu Undivided Families and Trusts can apply.

Loan Amount

Shares

You are given a drawing power up to 50% of the value of the shares.

Scrips are revalued every week (on Friday) or more frequently if required, since the market price of scrips keeps fluctuating and the drawing power is revised accordingly. If the new drawing power is less than the outstanding in the Current Account, you would be required to add the difference amount or pledge more shares to regularise the account. On the other hand, if the drawing power rises, the limit available to you also automatically increases.

  • The minimum loan amount is Rs 50,000.
  • The maximum loan amount is Rs 20 lakh.
  • The loan is applicable for a year and renewable at the end of each year.

Mutual Funds

  • 50% lending on the NAV.
  • The minimum loan amount is Rs 50,000.
  • The maximum loan amount is Rs 20 lakh.

Exchange Traded Funds (ETF)

  • The minimum loan amount is Rs 1 lakh.
  • No upper limit for the maximum amount.

Fixed Maturity Plans (FMP)

  • The minimum loan amount is Rs 1 lakh.
  • No upper limit for the maximum amount.

Life Insurance Policies

  • The minimum loan amount is Rs 50,000.
  • The maximum loan amount is Rs 5 crore.

Bonds

  • The minimum loan amount is Rs 50,000.
  • The maximum loan amount is Rs 5 crore.

Documents

The following documents are required for Loan Against Securities:

  • Identity Proof
  • Address Proof
  • Signature Proof

If you represent Companies/ Proprietorships/ Partnership firms, you will need to submit IT returns, an audited Balance Sheet and Profit & Loss Account of the previous two years.

READ MORE

Loan Against Securities FAQs

How do I approach ICICI Bank for Loan Against Securities?

You can approach ICICI Bank for Loan Against Securities through any of the following ways:

Where will my LAS Account be opened?

Your LAS Account will be opened at the Branch that has been specified by you. However, you can operate out of any of our Branches under the ‘Anywhere Banking’ facility.

I have shares that are in the approved list but they are in the physical form. Can I get a Loan against the shares?

Yes, but you will have to first convert the shares into dematerialised form. Get your shares dematerialised through a Depository Account with ICICI Bank/ any other Bank.

What are the maximum and minimum limits to avail Loan Against Securities?

The maximum limit is Rs 20 lakh and the minimum limit is Rs 50,000 as per the market value of the security.

Are pledge creation and closure charges levied on the Loan availed?

Yes, the pledge creation and closure charges are levied on the Loan availed by the respective Depository Participants (DP) as per their pricing schedule and these charges are to be borne by the client.

How is the interest on the LAS Account calculated?

Interest is calculated on the daily outstanding balance and will be debited/ charged to the LAS Account on the second day of every month for the entire interest period. Please note that the interest amount due needs to be deposited in the LAS Account on the same day. If the due date with respect to any amount payable under the Facility falls on a non-business day then the succeeding business day will be the due date for such a payment.

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