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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.
ICICI Bank's Loan Against Securities allows you to raise instant funds against shares, mutual funds, insurance etc., without selling them. Pledge your securities in favour of ICICI Bank and get an overdraft facility of up to a certain value.
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Eligibility
- The applicant should be between 18 and 75 years of age.
- The applicant should have Valid Email id and Mobile no.
Demat Shares
- Only 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 – Only 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.
GOI Bonds
- Individuals and Hindu Undivided Families (HUFs) can apply.
Sanctioning
- Your loan will be sanctioned on completion of all the documents.
- You will be asked to fill the loan agreement and complete the account opening formalities.
You will be able to enjoy all the benefits of a current account such as a
- A personalized cheque book
- Mobile banking facility
- Phone banking facility
- Internet Banking facility
