Loan Against Shares

Pledge your shares to secure a loan

All you need to do is, login to ICICI Bank Internet Banking, select the shares that you wish to pledge, confirm the request at NSDL … and the limit is set!

APPLY NOW for instant approval and faster processing of your loan

Now you can use shares you own to fund other expenses

Customers can avail a loan by pledging shares lying in their demat accounts. What's more, you can opt for a Loan Against Shares (LAS) from the comfort of your home. Use ICICI Bank's Internet Banking facility to pledge select shares to secure a loan under the Insta LAS facility, and confirm the request at the National Securities Depository Limited (NSDL). Customers between 21 to 75 years of age are eligible for this loan product offering. The applicant should have a telephone (landline) either at the residence or the office. Hindu Undivided Families (HUFs) can apply too.

Loan Against Share Features and Benefits

  • Easy and hassle-free loan option
  • Avail the loan via ICICI Bank's internet banking facility
  • Secure loan by pledging demat shares, mutual fund units, life insurance policies or Government of India (GOI) bonds
  • Disbursement of funds is by way of credit limit set in your current account
  • Interest payable only on the amount of loan used
  • Secure loan amounts of up to Rs 5 crore against different types of securities
  • Loans granted only against a list of approved securities, as determined by ICICI Bank

Demat Shares

  • Only individuals can apply (HUFs, companies, partnerships, sole proprietors are specifically excluded)
  • Customers allowed drawing power of up to 50% of shares' value
  • Minimum loan amount is Rs 50,000 and maximum is Rs 20,00,000 (20 lakh)
  • Loan, applicable for one year, is renewable at the end of each year
  • Scrips revalued every week (Friday) to revise the drawing power accordingly

Life Insurance Policies

  • Minimum loan amount is Rs 50,000 and maximum is Rs 5,00,00,000 (5 crore)

Mutual Fund Units

  • Minimum loan amount is Rs 50,000 and maximum is Rs 20,00,000 (20 lakh)
  • 50% lending on the net asset value (NAV)


  • Minimum loan amount is Rs 50,000 and maximum is Rs 5,00,00,000 (5 crore)

Loan Against Shares Charges

Interest is charged only on the amount drawn and for the period for which it is utilized. Interest is calculated on a daily basis and debited to your current account on the last day of every month. The amount debited has to be paid back by you into the current account to regularize it. Stamp duty varies from state to state.

Description of Charges Loan Against Securities
Non Refundable Loan Processing charge Rs. 3500 plus applicable GST. CARLB Cases : 0.50% of the loan amount subject to a minimum of Rs. 5000 plus applicable GST.
Non Refundable Renewal charge Rs. 2500/- p.a. plus applicable GST on renewal at the end of each year.
Pre-payment charge Nil
Solvency certificate
Penal interest on amount drawn in excess of the drawing power Applicable Rate + 6% + applicable taxes or other statutory levies, if any
Sale of security in the event of default The brokerage and other charges as per actuals
Charge for changing from fixed rate of interest to floating rate of interest N.A.
Charges for changing from floating rate of interest to fixed rate of interest N.A.
Cheque Swap charge N.A.
Document Retrieval charge N.A.
Cheque return charge Rs. 250 per instance
Charges for Interim Valuation Report (IVR) Rs 50/- per IVR

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

Annual Percentage Rate

The Annual percentage rate calculator is provided to compute annualised credit cost which includes interest and processing fees.

Net interest which will be displayed will be based on inputs.

The APR does not include penal interest, stamp duty where ever applicable.

To calculate the same, please click here to download the APR calculator

Loan Against Share FAQs

  • What is Insta LAS?

    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.
  • Are there any specific eligibility criteria to apply for Insta LAS?

    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.

  • What is the minimum and the maximum credit that a customer can avail of through Insta LAS?

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

  • Where will my LAS Account be opened through Insta LAS?

    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.

  • Do I need to have a Demat Account with ICICI Bank to apply for Insta LAS?

    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.

  • How much time does it take to open a LAS Account through Insta LAS?

    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.

  • What are the steps to avail of Insta LAS?

    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.
  • What should I do if the Insta LAS Account opening does not go through successfully?

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

  • Will I be able to specify a new communication address for the Insta LAS Account?

    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.

  • Can I apply online for additional overdraft limit?

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