logo

  • Phone:

    +919358437749

  • Location:

    D-36, Saket Colony, Behind HDFC Bank Near Pink Square Mall, Govind Marg, Adarsh Nagar, Jaipur, Rajasthan 302004, India

What is LAS

Loan against securities is a loan where you pledge your shares, mutual funds or life insurance policies as collateral to the institution which provides the facilities against your loan amount.

This Life Cover secures your loved ones’ future by paying a lump sum amount in case of an unfortunate event. In some policies, you are paid an amount called Maturity Benefit at the end of the policy term.

health-insurance

Benefits of LAS

You need not to sell the Asset to get the funds, which protects you with the potential Capital Gains as well. Interest will be lavied on the amount and time only. e.i. if you utilized ₹ 1 Lakh for 10 days you have to pay interest for 10 days only.
Corporate Action benefits like bonus, dividend etc continue to accrue to the borrower. Any appreciation in the value of the Securities given as margin would automatically allow enhancement in drawing power.
What is the maximum limit of loan against securities: It depands on the institution from you are availing the LAS and the Assets Against which you are taking Loan. It my changes time to time as per the guidelines by the RBI.

Below are the example

Why Health Insurance Need

Banks Gives upto 50% of Loan in case of Assets like Equity or Equity oriented Instruments with the limit of loan of ₹ 10 Lakh Maximum.

NBFC provides upto 50% of Loan in case of Assets like Equity or Equity oriented Instruments with the limit of loan of ₹ 100 Lakh Maximum (May vary).

Banks provide upto 80-90% of Loan in case of Assets like Debt/Insurance Policies or any other similar Instruments with the limit as per the Institution.

NBFC may Gives upto 80-90% of Loan in case of Assets like Debt/Insurance Policies or or any other similar Instruments with the limit of loan of ₹ 300 Lakh Maximum (May vary).