Loan Against Securities

Funds drawn using a LAS facility can be used to meet effectively all legitimate needs. For example - personal or business requirements, investments, meeting contingencies etc. It could be one of the best ways to generate liquidity without selling the securities.

• Wide range of approved securities
• Minimal Documentation
• Quick processing
• Ease of drawing funds
• No prepayment charges
• Dedicated Relationship Manager (RM)
• Competitive interest rates

FICCL offers LAS facility as an Overdraft (OD) / Line of credit (LOC) currently. It provides flexibility of drawing funds and making repayments as per the requirement of the customer.

Initially, the LAS facility is offered for a period of 12 months. This facility can be subsequently renewed subject to fulfilment of renewal requirements as prescribed by FICCL.

You will be charged a nominal processing fee. The interest will be charged only on the amount you draw and for the period that you draw it. Also, the interest will be charged on a daily basis, but will be debited to your account only once a month. Visit our Loan Against Securities Interest Rates page to know more.

There are 4 category of securities against which the facility can be availed currently:

• Shares
• Mutual Funds
• Bonds
• ETFs

Only Shares, ETFs and Bonds are required to be in Demat form. Mutual fund units can be accepted either in Demat or Physical form.

FICCL's current list of approved securities include:

• Listed Shares – 500+
• Mutual Fund Schemes – 1500+

Approved list of securities is subject to change from time to time in line with any regulatory or FICCL prescribed changes.

FICCL offers LTV of 50% against approved list of shares. LTV for approved MF schemes and Bonds would range from 50% to 85%. Current LTV % is subject to change from time to time in line with any regulatory or FICCL prescribed changes.

No. You can use your existing bank account for receiving and transferring funds and existing demat account for pledging your securities.

No. The ownership of the securities is retained with the existing owner of the securities in case of pledge / lien marking of securities. There is no physical transfer of securities in case of pledge / lien marking. This means, you would continue to enjoy all the corporate benefits which a shareholder / unit holder is entitled to.

You can make a request for a disbursal through your assigned RM or by making a call at our toll free no. 1800 419 8900 or by emailing at [email protected]. Disbursal of funds is subject to releasable amount in line with risk policy of FICCL.

Interest would be electronically debited on the due date to your bank account registered with us for NACH.

Current facility offered as OD / LOC allows the customer to make part payments during the tenor of the loan facility. There are no prepayment charges.

You can make part / full payments at any point of time during the tenor of the loan via RTGS /NEFT/ IMPS / Cheque.

Yes. You can choose to foreclose the LAS facility anytime during the tenor of the loan after payment of the outstanding balance including overdue amount (if any). There are no foreclosure charges in case of Line of Credit/Over draft facility

You can make a request for a release of pledge / lien marking of required securities through your assigned RM or by making a call at our toll free no. 1800 419 8900 or by emailing at [email protected]. Release of pledge / lien marking of securities is subject to releasable securities in line with risk policy of FICCL.

In case, fall in the value of securities has led to a shortfall of margin requirements prescribed by FICCL, then you need to provide pledge / lien marking of additional securities acceptable to FICCL or make a part payment to regularise the margin shortfall. Fulfilment of margin obligations needs to be done within the time period prescribed by FICCL.

You can share service request / queries / grievances by using any of the below options:

• Access Customer Service Portal
• Contact your RM
• Call Toll Free no. 1800 419 8900
• Email at [email protected]
• Visit our branch

You can apply for a LAS facility by using any of the below options:

• Register on our website under LAS section
• Visit our branch

• Proof of Identity and Address
• Proof of Bank and Demat Account
• Latest Demat / Mutual Fund Holding Statement
• Latest Form 16 / Salary Certificate / ITR / Audited P&L and Balance Sheet*