Loan Against Securities — Leverage Your Stock Portfolio
📌 Official source: current limit, dar, fee aur niyam RBI ke niyam aur lending partner ki current policy ke official portal par dekhein — yeh samay-samay par badalte rehte hain. Yahan sirf process aur documents ki jaankari hai, koi number commit nahi.
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 lagu dar (niyam ke hisaab se) (equity) ya partner ke hisaab se alag % (bonds) tak hoti hai. SEBI/regulatory 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 | Policy ke niyam ke hisaab se | Approved scrip list applicable |
| Government Bonds LTV | Up to lagu dar (niyam ke hisaab se) | Highest LTV, lower risk |
| ETFs / Liquid Funds LTV | regulatory niyam aur lender policy par | 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
- partner ki eligibility ke hisaab se umar
- Indian resident (NRI conditions apply separately)
- Securities unencumbered (no other pledge/lien)
- Minimum portfolio value: lender-specific (aapki profile ke hisaab se rakam 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 (partner ke hisaab se alag %)
- Voting rights on shares typically retained
🚀 General Guidance Needed?
ProWiderKart facilitator se jaankari le sakte ho, koi fee nahi — general information aur direction ke liye.
💬 Chat Chat on +91 98332 16954Frequently 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. kuch samay 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 partner ke hisaab se alag %, bond-backed LAS partner ke hisaab se alag %. 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.