Loan Against Securities

Loan Against Securities

ICICI Direct offer LAS facility from multiple lenders - ICICI Bank, Aditya Birla capital and Bajaj Capital. If you have shares lying in your demat account and yet worrying about meeting your expenses? You can now avail of Loan Against Shares (LAS) from the comfort of your home under the Insta LAS facility!

Instant liquidity at your disposal

Loan based on the value of your securities

Pledge your securities in favour of the lender, get an overdraft facility of up to a certain value.

  • Mutual Fund units
  • Fixed Maturity plans (FMP)
  • Demat shares
  • ExchangeTraded Funds
  • Insurance Policies
  • Savings Bonds


Demat Shares:

  • OnIy Individuals can apply. [Hindu Undivided Families (HUFs), Companies, Partnerships, Sole Proprietors are specifically excluded.]
  • Loans are granted only against the list of approved scripts, as determined by ICICI Bank.

Mutual Fund Units:

  • For Equity oriented funds - 0nIy Individuals can apply. [Hindu undivided Families (HUFs), Companies, Partnerships, Sole Proprietors are specifically excluded.]
  • For Debt Funds/FMP/ETF - Individuals, Hindu Undivided Families (HUFs), Companies, Partnerships and Sole Proprietors can apply.
  • Loans are granted only against the list of approved Mutual Funds/ schemes, as determined by ICICI Bank.

Life Insurance Policies:

  • For life insurance policies, Individuals, Companies, Partnerships, Sole proprietorships, Hindu Undivided families (HUFs) can apply.
  • Loans are granted only against the list of approved insurance policies, as determined by ICICI Bank.

GOl Bonds

  •     Individuals and Hindu Undivided Families (HUFs) can apply.

For all of the above

  •    The applicant should be between 21 and 75 years of age.
  •    The applicant should be a subscriber to a telephone (landline) either at residence or office

Loan Amount:


  • You are given a drawing power up to 50% of the value of the shares.
  • Since the market price of the scrips keep fluctuating, the scrips are revalued weekly (every Friday), or more frequently if required, 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  put in the difference  amount or pledge more shares to regularize the account. 0n the other hand, if the drawing power rises, the limit available to you also automatically increases.
  • Minimum loan amount is 750000.
  • Maximum loan amount is f20 lakh.
  • The loan is applicable for a year and renewable at the end of each year.

Mutual Funds:

  • 50% lending on the NAV.
  • Minimum loan amount is T50000.
  • Maximum loan amount is T20 lakh.

Life Insurance Policies:

  •  Minimum Loan amount is T50000
  •  Maximum loan amount  is T5 Crore


  • Minimum Loan amount is ¢50000
  • Maximum loan amount is ¢5 Crore


Disbursement will be by way of a credit limit set in your current account.

Rate of interest is a spread of 200bps over MOLR (presently 7.75%)-Banks lend only up to 20lakhs in a single account for equity holding.

For Debt holding it can go up to 100 cr.

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