Loan against Securities
Are you in urgent need of cash? With Axis Bank's Loan against Securities (LAS), you can unlock the value of your investment portfolio including securities, such as shares, mutual funds, bonds and life insurance policies, quickly without the need to sell your assets.
With LAS, you can get loans of up to 85% of your securities' value at competitive interest rates. Plus, you can even get overdraft facilities which can be a total lifesaver. From flexible repayment options to competitive interest rates, this funding option can help you manage your financial needs efficiently.
Features & Benefits
Enjoy attractive interest rates
Rate of interest starting from 11.99% p.a.
Facility tenure
An overdraft facility is granted for 12 months. This is reviewed and renewed at annual rests. *T&C apply.
Pay interest only on the amount utilised
Interest charged only on the amount utilised – no EMI or post dated cheques required.
Earn dividend
Continue to earn your dividend on the shares
Limit setup & processing times
- Limit setup in 5 mins with digital loan against mutual funds
- Limit within one day for shares and mutual funds with NSDL
Explore multi-channel banking
Debit or ATM card and cheque book facilities available
How to apply for Loan against Securities
- 01
Visit our “24X7 Loan against Securities” page. If you wish to apply through mobile banking, open the Axis Mobile app, navigate to the “Loans Centre” and select “24x7 Loan against Securities”.
- 02
Choose the securities you want to use as collateral, for example opt for loan against shares if you wish to keep your shares as collateral.
- 03
Review how much you can borrow. You will also need to select an account you want to use for repayment.
- 04
Accept the terms and conditions and pay any fees that apply.
- 05
Once you have done this, your Overdraft (OD) Account will be set up.
- 06
Add a nominee to your loan account. This is just a standard step to ensure the loan is managed correctly.
- 07
Finally, enter the OTP that is sent to your phone to start using your funds right away.
Axis Bank Instant Loan Against Securities
Applicable fees and charges
Note: Learn more about fees and charges applicable to a Loan Against Securities before applying.
Approved Loan against Securities
Pledge from a wide range of approved securities
| Collateral | LTV (Loan-to-Value) in your overdraft account* | Approved scripts |
|---|---|---|
| Shares | Up to 50% of the value of the share | Multiple Scrips Single Scrips |
| Equity mutual fund | Up to 60% of the NAV | Approved Mutual funds list |
| Debt mutual fund | Up to 85% of the NAV | Approved Mutual funds list |
| Listed bonds/ Convertible debentures | Up to 70% of the market price | Approved bond list |
| Life insurance policies | Up to 75% of the surrender value | Approved insurance companies |
* Terms & conditions apply. Loan disbursal is at the sole discretion of Axis Bank Ltd.
Maximum Sanction Amount for Digital Loan against Shares
| Collateral | Loan amount |
|---|---|
| Debt mutual funds | Up to ₹2 crores |
| Equity mutual funds (In physical format, RTA: KFIN/CAMS ) | Up to ₹10 lakhs |
| Demated shares and equity mutual funds (depository: NSDL) | Up to ₹20 lakhs |
| Bonds | Up to ₹20 lakhs |
*Final drawing power is given based on the pledged/lien marked securities.
Types of loan against securities
Meet your urgent requirement for cash without liquidating your securities. Pledge your securities to get instant loans against bonds and other collaterals and enjoy various other benefits at attractive interest rates. Get access to high-value loans against a wide range of collaterals with Axis Bank’s Loan Against Securities (LAS) from the comfort of your home.
Equity shares
Get a loan against shares at an LTV (Loan-to-Value) ratio of 50%-60%* with an overdraft (OD) facility of up to 50% of the value of the shares. A good number of multiple and single scrips now qualify as approved security.
Equity mutual fund
Avail loan at an LTV ratio of 50%-60%* with an OD facility of up to 60% of the NAV (Net Asset Value). Check whether your equity scheme forms a part of your approved mutual funds.
Debt mutual fund
Being a safe investment avenue, you can avail of a loan against debt mutual funds at an LTV ratio of 70%* and also enjoy an OD facility of up to 85% of the NAV.
Listed bonds/ Convertible debentures:
When you opt for Axis Bank’s LAS, you pay interest only on the utilized amount. For listed bonds and convertible debentures, avail of a loan at an LTV ratio of 50%-60%.
Life insurance policies
To keep your life insurance policy as collateral, contact your nearest Axis branch for details and proceed with a non-digital loan application.
Read MoreThings to consider about loan against securities
- Eligibility check
The basic eligibility criteria remain the same, but it is also a good decision to check for lender-specific eligibility criteria. - Wide range of approved securities
Not all banks offer loans against securities. Thus, opt for a bank that offers loans against equity mutual funds, loans against debt mutual funds, and other securities. - Amount of loan
Lenders offer a certain percentage of pledged security as a loan which may vary for different securities. For example, the percentage for loans against equity mutual funds differs from that for loans against debt mutual funds. - Interest rates
Opt for a bank that offers high-value loans at attractive rates.
APR Calculator
The Annual Percentage Rate (APR) is a method to compute annualised credit cost, which includes interest rate and loan origination charges.
6K
15Cr
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50L
APR
8.00%
Listed Bonds/ Convertible Debentures:
When you opt for Axis Bank’s LAS, you pay interest only on the utilized amount. For listed bonds and convertible debentures, avail of a loan at an LTV ratio of 50%-60%. Moreover, you can get an OD facility for up to 70% of the market price. Check the list of approved bonds here.
Life Insurance Policies:
To keep your life insurance policy as collateral, contact your nearest Axis branch for details and proceed with a non-digital loan application. Sixteen major life insurance players are among our approved insurance companies. Apart from instant loans, you can also avail yourself of an OD facility of up to 75% of the surrender value of your life insurance policy.
Note: Only equity shares, mutual funds, and bonds can be pledged digitally. For LAS for securities like LIC policies, NSC KVP, etc., contact your nearest Axis branch. These securities applications can proceed in a non-digital(physical) form.
* Terms & conditions apply. Loan disbursal is at the sole discretion of Axis Bank Ltd.
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Frequently Asked Questions
A Loan against Securities is a smart and convenient option for getting instant access to funds by pledging your shares, mutual funds and other marketable securities as collateral. For instance, you can take a loan against stocks by putting stocks as the collateral.
In simple words, a Loan against Securities is a flexible and hassle-free opportunity to get the money you need without having to sell your investments. It is like having emergency funds at your fingertips.
A Loan against Securities is a financial cushion designed to help you when you need funds for something important but do not want to ruin your long-term plans.
For instance- it can help you cover the expenses related to weddings, kids' education, home renovations, medical bills or any other emergency that comes your way.
Yes, you can pledge additional securities in the same loan and boost your credit limit.
You can pledge securities in Demat form such as Shares, Equity Mutual Funds, Debt Mutual Funds, and Bonds. Only the pledged securities will be considered as collateral. No additional collateral can be used to avail this loan.
The Reserve Bank of India (RBI) vide its circular no DBR.DIR.BC.No.14/13.03.00/2019-20 on “External Benchmark Based Lending” dated September 04, 2019 and RBI vide circular no. DBR. Dir. No.85/13.03.00/2015-16 on “Interest Rate on Advances” dated March 03,2016 , updated as on September 04,2019 has advised to link all new floating rate personal or retail loans (housing, auto, etc.) and floating rate loans to Micro and Small Enterprises extended by banks with effect from October 01, 2019 to external benchmark which can be one of the following:
- Reserve Bank of India policy Repo rate
- Government of India 3-Months Treasury Bill yield published by the Financial
Benchmarks India Private Ltd (FBIL)
- Government of India 6-Months Treasury Bill yield published by the FBIL
- Any other benchmark market interest rate published by the FBIL.
In line with the above circular, Axis Bank has adopted Repo rate as the external Benchmark lending rate with effect from October 01, 2019.
New customer at Repo rate : - All new floating rate loans and credit limits renewed with effect from October 01, 2019 will be linked to Repo rate.
Existing customer at MRR/BPLR/Base rate/MCLR: - Existing loans and credit limits linked to MRR/BPLR/Base rate/MCLR shall continue till repayment or renewal, as the case may be. Only if existing customers approach us and give request for switching from MRR/BPLR/Base rate/MCLR to Repo rate then only it will be changed. Once transitioned to Repo rate, the customer can’t switch back to the old benchmark rates.
All floating rate loans will be linked to Repo rate. The rate offered to you shall be the Repo rate plus spread. It may be noted that the Repo rate would be reset every three months.
Further, the Bank is free to decide the spread over the Repo rate. The spread may undergo a change during the tenure of the loan.
Bank will publish the Repo rate every month on a pre-announced date. The rate applicable to you would be the prevailing Repo rate for that month.
For all loans linked to Repo rate, the reset frequency would be three months.
Yes, you can avail digital Loan against securities if you have demat account of NSDL. For loan against Mutual Funds anyone can apply who is registered with either KFIN/CAMS. But we are working on accommodating all customers in the upcoming versions of this product. Meanwhile, please reach out to your nearest branch to gather details on the same.
You can find out about your credit limit/drawing power during the application process. In case you have already taken out the loan, you can easily check your available credit limit anytime through our Axis Mobile app or internet banking.
The interest rate for a Loan against Securities is subject to change and depends on the type of LAS you have applied for. For example- the interest rate for an Instant Loan Against Securities is around 11.49% p.a. while for a Physical LAS, it ranges between 11.50% and 13.75%. It is essential to know the current interest rate for a Loan Against Securities before applying.
Yes, you can foreclose your Loan against Securities account whenever you want without worrying about any extra foreclosure fees.
You can find out about your credit limit/drawing power during the application process. In case you have already taken out the loan, you can easily check your available credit limit anytime through our Axis Mobile app or internet banking.
Any customer having 1 single scrip can avail this loan provided the scrip is a part of the approved list of single scrips by Axis Bank. The list of approved scrips can be accessed here.
A customer can get upto 85%* of the actual value of the security pledged by them. The exact amount depends on a couple of factors such as type of securities pledged etc.
Customers can get a minimum of ₹25,000 in lieu of Equity securities and ₹1,00,000 for Debt and maximum of ₹20, 00,000 for Equity and ₹2 Cr for Debt instantly from the comfort of their home.
YES, for all floating rate loans/credit facilities, if customer is on MRR/BPLR/Base rate/MCLR, customer can give request to move to Repo rate. Hence, the benchmark rate and spread shall undergo a change. Since the effective rate is being kept the same, only an administrative fee shall be charged from you.
You are requested to visit the nearest loan center along with the co-applicant(s) and/or guarantor(s), since there would be additional documentation involved.
No, there is no option to move back from Repo rate to Base rate/BPLR/MRR/MCLR.
Applicable Repo rate for each month will be updated on Axis Bank Website.
You will come to know through our Website / SMS / Email/ letter as deemed fit.
Yes, you can enhance the drawing power by pledging more securities.
Yes, you can make part payments on your Loan against Securities anytime with no extra charges or penalties.
Yes because taking a Loan Against Securities does not affect your investor benefits so you will still receive returns, such as dividends and bonuses, as usual.
Yes, customers will be able to receive all bonus/dividends on the securities pledged by them.
Terms & Conditions
- Bank reserves the right to reject any application/renewal without assigning reasons thereof. It shall be the sole right of the bank to consider the proposal on a case-to-case basis after considering the credentials/creditworthiness of each customer.
- No loan under this scheme is granted for investment in capital market instrument or for speculation purpose.
- The overdraft facility shall be disbursed / renewed only after all the required documentation and pledge creation formalities are complete.
- The margin requirement will be reviewed regularly. In the event of any volatile fluctuations in the prices of the units, the client shall make good the shortfall, if any, within four days, failing which the security will be enforced.
- The applicant will undertake to inform the bank as and when there is a change in address or employment.
The terms & conditions mentioned above and elsewhere under the scheme are subject to modification from time to time solely at Bank's discretion.
All of the above is subject to terms & conditions.
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