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ICICIdirect Executive Posted on 05:54pm 29-Jan-2021

Insta Loan against Securities (LAS)

About Insta LAS:

Insta Loan against Securities is offered in association with ICICI Bank to eligible customers.

It is an overdraft facility provided against the shares which are pledged in favour of ICICI Bank ltd as collateral.

In a simpler language, Insta LAS is a Loan against the stocks provided with an Overdraft facility for which you have to pledge the stocks that you hold in your ICICI demat account. 

  • · To avail Insta LAS you do not have to sell your shares, you just have to pledge them
  • · You will get 50% of the loan amount approved against the pledge stocks


What makes Insta LAS different:

a. Insta LAS is a hassle-free and a complete paperless process. It is available for you from the comfort of your home

b. There is no fixed EMI like other loans

c. You don’t have to sell your shares to fulfill your short term financial goals, you just have to pledge shares against which you wish to apply for loan

d. Interest will get charged only when you utilize the loan amount and for utilized time

e. For easy access, you will get additional facilities such as ATM card, cheque book, and Internet banking

f. Freedom to payback any time as per your convenience


Key features of Insta LAS

1. Loan range starting from Rs. 25,000 to Rs 20 Lacs 

2. Rate of interest is 9.9% p.a.

3. Processing fee is Rs. 500 + GST

4. Loan to value (LTV) is 50%


Click here to watch our video on Insta LAS

Click here for detailed FAQ

Click here to register