Need funds for short-term expenses?

Avail Loan Against Shares

online the same day

Need funds to manage short-term expenses? Get loan against shares. It allows you to access funds quickly while holding onto your investments. Get an overdraft limit against shares the same day to manage all the short term/unplanned expenses. Currently available for Demat accounts with NSDL only.

What is Loan Against Shares?

Loan against equity shares is a secured loan option. It allows you to raise instant liquidity by pledging your shares. You can access cash quickly & easily by keeping our shares as collateral.

Once the loan is approved, funds are deposited directly in your linked bank account. You pay 10.5% p.a interest on the amount you have used and only for the days you use it. When surplus fund is available, you can also make prepayment towards the utilized amount without any prepayment charges.

While you pledge your shares for the overdraft limit, you still own the stocks keep enjoying all the ownership related benefits.

Currently, you can pledge shares held in a Demat account with NSDL only.

Features & Benefits of Loan Against Shares

Get LAS Limit the same day
No need to wait for days! You can complete simple steps to get an overdraft limit against shares the same day using the MAFS mobile app. Our instant processing allows you to access your overdraft limit on the same day.
Zero Prepayment/ Foreclosure Charges
No lock-in, no prepayment & no foreclosure charges if you decide to repay your outstanding's early.
Instant Disbursal
Get access to funds whenever you need them. Get the required amount credited directly to your provided bank account on the same day.
Large List of Approved Securities
Select from a list of approved shares held in the Demat account with NSDL only.
100% Digital Process
No need of visiting branches or reaching out to relationship managers. You can complete your entire application journey via our mobile app, without the need of submitting physical documents.
Retain Ownership
Allow your investments in shares to continue to generate wealth. You continue to retain ownership of your shares and reap all the benefits that are associated with them.
Attractive Interest Rate
With Mirae Asset Financial Services, loan against shares is available @10.5% p.a with a Flexi payment option. You only pay interest on the amount you use and for the days you use it.
Loan Tenure
The overdraft limit provided against your shares has a tenure of 12 months and is renewed thereafter.
Higher Loan Value
Avail LAS limit up to Rs 1Cr against approved shares.
Easy Repayment
Manage your funds with more flexibility. You'll only make monthly interest payments based on your utilization, and the principal can be repaid anytime during the loan tenure.

How to Avail Loan Against Shares?

To avail Loan on equity Shares complete these simple steps. Experience seamless application journey by keeping your Aadhar Card, PAN, Bank Account & depository participant (NSDL only) details handy.
  • 1
    Download the app or apply via web
  • 2
    Apply for Loan Against Shares
  • 3
    Complete one-time KYC registration with PAN & Aadhaar details
    (Details will get fetched directly from Digilocker, if your Aadhaar is linked with your mobile number)
  • 4
    Pledge shares using NSDL DP ID. (Your DP will notify you once your Pledge is successful)
    Please Note:- Pledge will work during working days only
  • 5
    Verify your bank account online via e-mandate
  • 6
    Read & sign loan agreement online
  • Your overdraft facility is ready

Loan Against Shares Details & Charges

Our aim is to cater to your financial needs with utmost transparency and no hidden charges.
Maximum Loan Amount
Loan Against
Equity Shares

(upto 45% LTV)
Minimum Loan Amount
Loan Tenure
12 Months
& renewable thereafter
Fixed Processing Fees
+ taxes as applicable
Penal Charges
15.00% P.A. + taxes on the overdue amount for the default period**
Minimum Withdrawal Amount
₹1,000. However, there is no limit on the number of withdrawals.
Interest Rate
10.5% p.a. (on utilized amount) Interest will be due on 1st working day of every month and the same will be debited on 3rd working day of every month from your Bank Account via NACH mandate.
Stamp Duty
Foreclosure Charges
ZERO Foreclosure charges
Bounce Charges
₹500 + taxes as applicable
Annual Renewal Charges
Bank Mandate Swap Charges
Top Up/Security withdrawal Charges
Security Invocation Charges
(in case of default)
Collection Charges
(in case of default)
Legal Charges
(in case of default)
Annual Percentage Rate (APR)
10.5% to 27.3% per annum
(including fees)
Minimum Period
12 Months
Maximum Period
12 Months

Attention: Pledging Charges Information - Please be aware that Customers’ Depository Participant (DP) may apply pledging charges. We recommend checking with your DP to ascertain if any charges are applicable.

* Taxes as applicable

**Applicable for new loans. The applicable penal charges on existing loans, shall be updated on our mobile application, website and also communicated over Email & SMS to all such borrowers, not later than 30th June 2024.

Let's understand with an example:

If a customer takes a loan of ₹50,000 for a period of 12 months, at an annual interest rate of 10.5% APR, then the customer will pay monthly interest for 12 months of ₹438 per month. The total loan payment over 12 months will be ₹55,250* (including principal and interest). Total Cost of Loan = Interest Amount + Processing Fees + Stamp Duty = ₹5,250 + ₹999 + ₹500 = ₹6,749*

* Taxes as applicable

Things You Should Know About Loan Against Shares

Everything you need to know before and after availing an overdraft loan against shares.

Yes, you can partially depledge shares digitally without visiting a branch or any physical paperwork. If you want to replace one share with another, you will have to complete depledge of the shares via partial security withdrawal facility & add another share using top-up facility.

The revised eligible limit will be calculated on the basis of revised collateral value of underlying shares. Eligible limit = Collateral value x LTV%.

For partial shares depledging follow below steps

  • - Login to mobile app or web.
  • - Go to transaction tab and click security withdrawal.
  • - Select loan account & application number under which securities are pledged.
  • - Select the shares and number of shares to depledge.
  • - Click calculate to check revised collateral value, revised available limit & revised total limit.
  • - Verify via OTP authentication. Your request is submitted.

Your request will be reviewed and processed accordingly. The shares will be released within 24 working hours.

Note: Security withdrawal charges of Rs 500/- + Taxes will be applicable in case of partial security withdrawal. There are no charges for the foreclosure of loan account.

An interest rate of 10.5% p.a. is charged only on the utilized amount and for the number of days you utilize the amount. The interest is calculated on the utilized amount daily at the end of day, Interest = (utilized amount x interest rate)/ 365. The interest will be accrued till the end of month and will be due on 1st working day of every month. The same will be debited on the 3rd working day of next month from your registered Bank Account via NACH mandate. You will be notified on your registered email ID to maintain sufficient balance.

Note: Payments made via Pay Now facility will not be adjusted against the interest amount.

Example: Vijay availed a loan against securities by pledging equity securities of value Rs.10 lakhs and got an eligible limit of Rs.4.5 lakhs (assuming the pledged securities have an LTV of 45%). He made a withdrawal of Rs.1 lakh on 5th Jan 23 and Rs.1 lakh on 10th Jan 23. Vijay repaid Rs.1 lakh on 20th Jan 23 and Rs.1 lakh on 25th Jan 23. Vijay will receive an intimation on 1st Feb 23 to maintain sufficient balance to pay interest of (10.5% x 5 x 1,00,000)/365 + (10.5% x 10 x 2,00,000)/365 + (10.5% x 5 x1,00,000)/365 = Rs.863 which will be auto-debited on the 3rd Feb 23.

At present, it is not possible to digitally lien mark or pledge Shares held with CDSL through Mirae Asset Financial Services.

An eMandate serves as a digital payment solution that enables Indian businesses to easily collect recurring payments without the need for human intervention. Mandate limit refers to the maximum permissible amount that can be deducted from the account holder's bank account through an automated payment system. However deductions on your account will only be as per actuals.

Loan against shares is provided as an overdraft facility. Hence there is no fixed repayment schedule or EMI for the principal amount. You can make principal repayments anytime during the loan tenure as per your convenience. You will be charged only interest on a monthly basis which will be auto debited from the registered bank account. Interest is calculated based on the utilized amount and for a number of days the amount is utilized.

If your loan account creation fails after pledging the shares, your shares will be absolutely safe and secure since the pledging happens at NSDL. You can reach customer support at 1800 2099 180 (Monday to Friday, 9am to 6pm) or write at The support team will either clear the issue faced or send your shares for de-pledging to NSDL.

On maturity, you have an option of renewing your loan account for further 12 months. If renewed, any principal amount utilized is carried forward to the next year. If you wish not to renew your loan account, you will be requested to repay the outstanding amount before maturity date. The utilized amount if any on maturity will become overdue and the same needs to be repaid within 7 days.

If the money is debited from the bank account and is not reflected in the loan account, the transaction may be pending at your bank. It will reflect in the loan account within 72 working hours or the amount will be refunded back to the bank account. If the transaction remains pending beyond this timeframe, please contact your bank, as the transaction is still in process on their end.

Loan Against Shares Eligibility & Documentation

This is an end-to-end digital process. Hence, no physical documents are required to be submitted. You can apply for limit, withdraw funds & repay utilised amount online directly via mobile app.
  • You should be a resident Indian individual
  • You should have a valid PAN & Aadhaar Card
  • You should have demat account with NSDL
  • You should hold approved shares as per MAFS policy
  • You should be between 18 to 75 years of age
  • You should have a valid email ID & mobile number
  • You should have a valid bank account number and internet banking access

To view, the list of approved shares click here.


  • Please be aware that Customers’ Depository Participant (DP) may apply pledging charges. We recommend checking with your DP to ascertain if any charges are applicable.
  • Pledge will be approved only on business days.
  • The Loan Against Shares is for personal use. The loan amount cannot be used for speculative activities, capital market-related purposes, or anti-social purposes.
  • Credit limit is at the sole discretion of Mirae Asset Financial Services (India) Pvt Ltd.
  • In case of repayment, payment is considered successful upon reflection or settlement within Mirae Asset Financial Services' system; additionally, interest will accrue (if applicable) until the settlement date.