Loan Against Securities — Leverage Your Stock Portfolio
Loan Against Securities (LAS) — apne shares, bonds, ETFs portfolio ko pledge karke liquidity access. NSE/BSE listed securities eligible.
Overview
Loan Against Securities (LAS) ek secured loan hai jisme borrower apne demat me hold kiye shares, bonds, ETFs lender ke paas pledge karta hai. Typically overdraft facility hoti hai — credit limit security value ke 50% (equity) ya 70-80% (bonds) tak hoti hai. SEBI/RBI guidelines ke under operate hota hai. Major banks aur leading brokerages (lrivate bank Direct, etc.) yeh service offer karte hain.
Key Details
| Category | Detail | Description |
|---|---|---|
| Listed Equity Shares LTV | Up to 50% | Approved scrip list applicable |
| Government Bonds LTV | Up to 80% | Highest LTV, lower risk |
| ETFs / Liquid Funds LTV | Up to 75% | Stable instruments |
| Approved Scrip List | Top 100-200 by lender | Volatility-based |
Note: Indicative figures from publicly available sources. Subject to revisions and lender/regulator discretion.
Eligibility
- Demat account holder with eligible securities
- Securities in 'approved list' of the lender
- Age: 21-75 years
- Indian resident (NRI conditions apply separately)
- Securities unencumbered (no other pledge/lien)
- Minimum portfolio value: lender-specific (₹50k-2L typically)
Required Documents
- PAN + Aadhaar
- Demat account details (CDSL / NSDL)
- Portfolio statement
- Income proof (sometimes)
- Loan application form
- Lender's specific power of attorney for pledge marking
Specific documentation may vary. Verify with implementing authority/lender.
Application/Application Process
- Eligible lender approach karo with demat account details
- Lender approved scrip list check karo (top 100-200 stocks typically)
- Pledge marking electronic ke through (CDSL/NSDL through DP)
- LTV calculation based on closing price (less margin)
- Sanction + overdraft facility setup
- Drawdown as needed, interest only on utilized
Key Benefits
- Portfolio remains invested — dividends, growth continue
- Overdraft model — interest on utilized only
- Quick processing for existing customers
- No prepayment penalty
- Higher LTV on bonds/ETFs (75-80%)
- Voting rights on shares typically retained
🚀 General Guidance Needed?
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💬 WhatsApp Free AdvisoryFrequently Asked Questions
Approved scrip list kya hoti hai?
Lender ki internal list jisme typically top 100-200 NSE/BSE listed stocks shamil hote hain — based on market cap, liquidity, volatility. Penny stocks, illiquid scrips typically excluded.
Margin call kab hota hai LAS me?
Agar pledged securities ki value gir jaye aur LTV ratio sanctioned limit se exceed ho jaye, lender margin call karta hai — additional securities pledge karne ya partial repayment ke liye. 24-72 hours typically respond karne ka time milta hai.
Kya mutual funds aur LAS same hain?
Nahi. LAMF mutual fund units pe hota hai, LAS directly equity shares/bonds pe. Process aur LTV similar but instruments different hain.
Interest rate kya hoti hai?
Lender-specific. Equity-backed LAS typically 10-14%, bond-backed LAS 8-11%. Overdraft nature me only utilized amount pe charge.
Voting rights chale jate hain pledge me?
Generally nahi — voting rights borrower ke paas retain hoti hain unless explicit transfer ho. Pledge sirf collateral lock hota hai. Dividends bhi borrower ko milte hain typically.
Settlement kaise hota hai default me?
Default ki situation me lender pledged securities sell kar sakta hai (typically after notice period). Sale proceeds se loan recover hota hai, balance borrower ko.