Loan Against Securities · Cluster · Reviewed 2026-04-25
Eligible Securities List for LAS 2026: Approved by Each Lender
Each LAS lender publishes a list of approved scrips and MF schemes. HDFC, ICICI, Kotak typically cover 1,200+ scrips; smaller lenders 200-500. This cluster maps the overlap and the haircut percentage by lender.
Step-by-step
- Compare lender rates side-by-side. Use the rate board to shortlist 3-4 lenders matching your profile and tenure preference.
- Run an eligibility check. Match income, CIBIL, vintage, and existing-EMI ratios against each lender's published cut-offs.
- Collect KYC + income documents. PAN, Aadhaar, salary slips (3 months) or ITR (2 years for self-employed), bank statements (6 months).
- Submit application + soft-pull. Most digital lenders use soft credit pull at the offer stage so your CIBIL is unaffected.
- Sanction letter + acceptance. Read the sanction letter carefully — focus on processing fee, foreclosure terms, and reset clauses.
- Disbursal. Funds typically credited within 24-72 hours of acceptance for unsecured products.
FAQ
What's the haircut on equity?
Typically 50-60% — i.e., LTV 40-50%.
Do MF schemes need to be open-ended?
Yes — closed-ended MFs are rarely accepted because of liquidity gap.
Are SIP units eligible?
Yes once they're past the lock-in (ELSS only) or fully unrestricted.
Can I pledge demat-form bonds?
Yes for AA+ and Govt bonds; lower-rated bonds are excluded.
Do all 4 depositories support pledge?
NSDL + CDSL — both. Insurance pledge goes via insurer's assignment process.
Is there a per-scrip concentration cap?
Yes — typically 25-30% of total pledge value in any single scrip.
Are ULIPs accepted?
Yes — surrender value-based pledge with insurer's NoC.
Can I pledge an ETF?
Yes — gold ETF, equity ETF; haircut similar to underlying asset.
Related
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