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    Loan Against Shares (LAS)

    How is repayment done for ICICI Bank Loan Against Shares?

    Since LAS is an Overdraft facility, the interest is applicable only on the limit utilised and for the number of days it is utilised. Interest is calculated on the daily outstanding balance and will be debited/charged to the LAS Account on the 2nd working day of every month for the entire interest period. Loan repayment tenure of one year with the option of renewal based on the performance of the Overdraft Account after the initial year.

    What is a Loan Against Securities (LAS)? Do I need to sell my investments to get the loan? What types of securities can I pledge? How much loan can I get? Is this a term loan or an overdraft? Will I pay interest on the entire sanctioned amount? What is the minimum loan amount? Who is eligible to apply? Can I continue to earn returns on my investments after pledging them? Can I pledge both shares and mutual funds together? What happens if the value of my pledged securities falls? Can I repay the loan before the tenure ends? How is the loan amount credited? Is there a maximum loan limit? Which Stocks can be pledged under Loan Against Securities? Where can I check whether my shares are eligible for LAS? What is Haircut in LAS? How is haircut calculated? Why am I not able to apply for LAS? Why are some of my shares visible but not eligible for pledging? Are there any processing charges for LAS? Is there an annual renewal charge? How can I increase my LAS limit? How do I apply for LAS? What is the interest rate for LAS against equity securities? What is the interest rate for LAS against non-equity securities?