Loan Against Securities (LAS) lets you unlock liquidity from your investment portfolio — shares, mutual funds, bonds, insurance policies — without selling them. You keep market upside while meeting short-term cash needs.
What Securities Are Accepted?
- Equity shares — 50–70% of market value (only approved NSE/BSE stocks)
- Mutual funds — 60–80% of NAV (equity MFs: 50–70%, debt MFs: 75–85%)
- Government bonds / debentures — up to 80%
- Insurance policies (LIC) — up to 80–90% of surrender value
Features
Overdraft facility — pay interest only on amount used. Tenure: up to 36 months (renewable). Rate: 10–12.5%. No processing fee with digital brokers.
Top Providers in 2026
HDFC Bank, ICICI Bank, Kotak Securities, Mirae Asset, and various NBFCs. Digital lenders like Bajaj Finserv offer LAS entirely online.
Risk: Margin Call
If pledged securities fall sharply in value, the lender may ask you to repay part of the loan or pledge more securities. Monitor your portfolio closely during market volatility.