loader2
Partner With Us

Key features of Insta Loan against Securities (Shares)

New car loan

Interest is charged only on the amount utilised and only for the utilised period

New car loan

Freedom to Payback your loan any time

New car loan

Avail loan of upto 50% of the value of the shares

New car loan

Minimum loan amount is Rs 25,000

New car loan

Maximum loan amount is Rs 20 lakh

New car loan

Rate of Interest is 9.9% p.a.

New car loan

Disbursement will be by way of a credit limit set in your current account / OD account

How to Check Eligibility and Apply

  • Login Icon Login to www.icicidirect.com to check loan eligibility
  • Go to Mutual Funds Navigate to ICICI Bank to select and Pledge Shares
  • Select an ELSS Fund Navigated to NSDL for final confirmation and loan disbursement

Eligibility Criteria

eligibility-criteria
  • KYC compliant
  • Individual Demat account
  • Minimum age for applicants: 18 years
  • Approved scrips by ICICI Bank
  • CIBIL score

Charges

Description Of Charges Insta Loan against Securities (Shares)
Loan Processing charge (Non Refundable) Rs. 500 plus applicable GST
Renewal charge (Non Refundable) Rs. 2500 plus applicable GST on renewal at the end of each year
Pre-payment charge Nil
Penal interest on amount drawn in excess of the drawing power Applicable Rate + 6% p.a. + applicable taxes or other statutory levies, if any
Sale of security in the event of default The brokerage and other charges as per actuals
Pledge Creation/Closure charges As per your Demat charges

GST applicable as per the prevailing rates will be charged in addition to the charges.

FAQs

Insta Loan Against Shares (LAS) is a complete digital and paperless process by which you can pledge your shares online to avail of an instant credit limit in your account. The funds are available for use immediately. At present, only equity shares can be pledged under Insta LAS.

ICICI Bank has launched the Insta LAS facility with the following propositions:

  • Loan up to 50% of the value of the pledged shares, with a maximum limit of Rs 20 Lakhs.
  • Facility available against the list of shares approved by the Bank
  • Loan by way of an overdraft (OD) facility
  • Interest is charged on the utilised amount and for the utilised period only.

This facility is currently available for a set of ‘pre-qualified’ individual customers who have been maintaining a National Securities Depository Limited (NSDL) Demat Account as well as a Savings Account with ICICI Bank, and more importantly, those enjoying a past relationship with ICICI Bank.

Some other criteria include updated Know Your Customer (KYC) for Demat and Savings Accounts, singly held Demat Account, Demat Account with shares of the approved share scrips, etc.

This facility has been launched only for Resident Indian customers. Non-Resident Indians (NRIs) are currently not eligible for this loan.

To avail of this facility, log into Retail Internet Banking> Investment and Insurance> Demat, you will find the ‘Loan Against Securities’ option. Only eligible customers will be able to view this option which has been exclusively made available for pre-qualified customers.

The minimum amount is Rs.25000/- and the maximum can go up to Rs.20,00,000/-.

The LAS Account will be opened in the same ICICI Bank branch where you have your existing Savings Account. But you can operate the facility from any of our branches under the Anywhere Banking facility.

Presently, the Insta LAS facility is available for a set of ‘pre-qualified’ individual customers who have been maintaining an NSDL Demat Account as well as a Savings Account with ICICI Bank.

Since Insta LAS is a complete digital and paperless process, your LAS Account will be opened and it will be functional within a few minutes. The facility shall be available during:

Monday to Friday: 9:00 a.m. to 6:00 p.m.*

1st and 3rd Saturdays: 9:00 a.m. to 2:00 p.m *

*The facility shall not be available on public holidays and bank holidays for Mumbai, Maharashtra Region, as declared by the Bank on its website.

The entire process gets completed in four easy steps in a few minutes.

  • Log in to Retail Internet Banking>Investment and Insurance> Demat> Click on the ‘Loan Against Securities’ offer link tab.
  • Accept the Terms and Conditions
  • Select and confirm the shares that are to be pledged. You will be directed to the NSDL website
  • Confirm pledging on the NSDL website via the One-Time Password (OTP) that will be sent to your registered mobile number and the limit will be set in your account. The funds are available for use immediately.

You can call our Customer Care in case you faced an issue while opening the account through Insta LAS.

The account will have the communication address and contact details which are already registered in your existing linked Savings Account. Post account opening, you may visit the nearest ICICI Bank branch and update the new communication address.

The Limit Enhancement feature is currently not available online. You may visit the nearest ICICI Bank branch for enhancing the limit.

Open an Account

Open an account and get a free subscription from MoneyControl, ET Prime and many more...

OTP sent to +91 1234567890

Didn’t received OTP? Resend

00:30