Insta Loan Against Shares

If the value of your shares drops, the collateral for the Loan may not be enough to cover what you owe. If you can't repay the Loan in this situation, the lender might face losses that the current value of the stocks can't compensate for.

To apply, individuals must fall within the age bracket of 18 to 75 years. The individual also needs to provide a valid e-mail address and mobile number for communication and documentation purposes. These requirements ensure a smooth application process for the applicants.

With ICICI Bank, you can get a Loan of up to Rs 20 lakh using your stocks. If you have a debt, there is no fixed limit on the Loan amount; it depends on your credit evaluation. Also, the existing customers can enjoy easy access to digital lending against shares and Mutual Funds.

No, The Insta LAS facility is currently available only for customers who are Indian Residents and are eligible for the offer.

This offer is applicable only for ‘pre-approved’ individual customers who have Demat and Savings Accounts with ICICI Bank.

Interest is calculated on the daily outstanding balance and will be debited/charged to the LAS Account on the 2^nd working day of every month for the entire interest period.

a.     If the customer has reached the pre-confirmation page and then faces a technical issue, the offer will get blocked.

b.     If the customer faces an issue in the middle of their journey before getting redirected to NSDL, the offer will be available.

If the issue persists, you can contact ICICI Bank Customer Care for assistance.

There are 5 alternatives on iMobile Pay:

·       Dashboard > Pre-Approved Offers > LAS

·       Dashboard > Loans > LAS

·       Dashboard > Invest and Insure> Demat > LAS

·       Dashboard > Apply Online > LAS

·       Dashboard > Know More > LAS

If the price of your pledged shares falls, your Credit Limit will be reduced when the portfolio is revaluated. You will have to either pledge more shares or pay the overdrawn amount immediately if your outstanding balance is more than the limit sanctioned. In case your Account is overdrawn, it will attract Penal Charges and the Bank has the right to regularise the Account by selling your shares if required.

The Processing Fee is the same across all our Insta LAS digital products, which is Rs 590 (including 18% GST). It does not vary based on the Loan amount.