Loan Against Securities or LAS is a loan availed against your pledged securities as collateral with a bank. So, why liquidate? Instead, get a Loan Against Securities to fulfil all your financial needs.

WHAT IS LOAN AGAINST SECURITY?

Loan against Securities helps customers avail a loan against the securities that they hold, by merely pledging and not selling them. An overdraft facility is advanced to customers when they pledge their securities. The value of the overdraft limit that is advanced to customers is determined on the basis of the securities that are pledged.
For smooth transactions, a current account is opened in the name of the customer. The rate of interest is calculated only on the amount withdrawn by you and only for the period of utilization.
Which securities can be pledged?
Shares, Equity & Debt Mutual Funds, Kisan Vikas Patra (KVP), Fixed Maturity Plans (FMP), Insurance policies issued by LIC and select Private Insurance Companies, Non-Convertible Debentures (NCD), Tax free Bonds (RBI, NABARAD, NHAI, PFC, IRFCL, HUDCO, IIFCL, NHB, REC, and IREDA)

Advantages

• You pay interest only on actual amount used thanks to the overdraft facility, and get the benefit of a current account.
• The key feature of our loan against securities is the option to pledge a wide variety of securities, from mutual funds to life insurance policies..
• Anytime anywhere access
• Auto renewal facility
• No prepayment penalty